Brief Report on the First Quarter Financial Statements for the Period Ending March 2016
[Japanese Standard] (Consolidated)
August 6, 2015

Name of listed company: DAI-DAN Co., Ltd.

Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Tel. (06) 6447 - 8003
Representative of Company: Shohei KITANO, Representative Director, President and Chief Operating Officer (C.O.O.)
Inquiries to be addressed to: Takayuki IKEDA, Director, Corporate Officer, Head of General Administration Division
Date scheduled to submit Quarterly report:
August 7, 2015
Date scheduled for dividend payment commencement:─Creating supplements to the financial statement:
None
Holding a briefing sessions on the financial statement:
None
Code No.:1980

URL: http://www.daidan.co.jp/(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the first quarter of the period ending March 2016 (From April 1, 2015 to June 30, 2015)(Percentage indications show increase or decrease from the previous period.)(1) Consolidated management performance (Cumulative total)
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Million yen%
Million yen%
Million yen
First quarter of the period
28,754
13.8
954
272.8
1,150
ending March 2016
First quarter of the period―402
25,269
6.7
255
ending March 2015
(Note) Comprehensive income First quarter of the period ending March 2016 1,175 Million yen (103.7%)
March 2015 577 Million yen (26.5 %)Net income per share

Net income per shareafter making potential
share adjustments

Yen

Yen

First quarter of the period
ending March 2016
First quarter of the period
ending March 2015

Sen

First quarter of the period
ending March 2016
Period ending March 2015
(Reference) Equity capitalMillion yen

%

719

217.2

―

226

―

First quarter of the period ending

Sen

16.14

―

5.09

―

(2) Consolidated financial position
Total assets

%
185.4

Net assets

Equity capital ratio

Million yen

Million yen%

Net assets per share
Yen Sen

110,025

54,19049.0

1,209.83

113,440

53,462

46.9

First quarter of the period ending March 2016 53,958 Million yen

1,193.61

Period ending March 2015

53,236 Million yen

Period end

Through year

2. Dividends
End of first quarter

Annual dividends
End of second quarter End of third quarter

Yen Sen――

Period ending March 2015
Period ending March 2016
Period ending March 2016
(Forecast)

Yen Sen
8.00

Yen Sen―Yen Sen
10.00

Yen Sen
18.00

9.00

―

9.00

18.00

(Note) Presence or absence of revision from dividend forecast published most recently: None

3. Estimate of consolidated performance for the period ending March 2016 (From April 1, 2015 to March 31, 2016)(Percentage indications show increase or decrease from the previous period for total period andfrom the same quarter of the previous year for the 2nd quarter consolidated cumulative period.)

Net sales
2nd quarter consolidated
cumulative period

Total period

Operating income

Ordinary income

Profit attributableto owners of parent Net income per share

Mil. yen%Mil. yen%Mil. yen%Mil. yen%

63,500

16.2

2,000

26.2

2,000

12.8

1,100

18.2

131,000
7.6
5,000
10.0
5,000
2.6
2,800
-4.2
(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference) 1. Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 63,500 Million yen
2. Estimated net sales of construction contract orders (Total period)
131,000 Million yen

Yen

Sen
24.66
62.78

* Annotations(1) Changes in key subsidiaries in the current quarter consolidated cumulative periodchanges of consolidation scope): None(changes in specific subsidiaries requiring(2) Application of particular accounting to the preparation of quarter consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, revision redisplay
 Changes in accounting policies due to revision of accounting standards etc.: Yes
 Changes in accounting policies other than : None
 Changes in accounting estimates: None
 Revision redisplay: None
(Note) For details, please refer to Attached Data p.3 “2. Items Concerning Summary Information (Annotation).”(4) Number of issued shares (common stock) Number of issued shares at the end of period (including treasury stock)
First quarter of period ending March 2016 45,963,803 shares Number of treasury stock at the end of period
First quarter of period ending March 2016
1,364,164 shares Average numbers of shares in the period (Quarter total)
First quarter of period ending March 2016 44,600,498 shares

Period ending March 2015

45,963,803 shares

Period ending March 2015

1,362,322 sharesFirst quarter of period ending March 2015
44,606,534 shares* Display Concerning State of Quarter Review Procedure Implementation

Quarter report review under the Financial Instruments and Exchange Act is implemented at the time of disclosure of this quarter
settlement brief statement.

* Explanation on adequate use of achievement forecasts and other noteworthy matters

The above forecasts are based on the information available at the time of preparation of this document and the assumption
considered as reasonable.
Consequently, actual results differ materially from forecasts above due to changes in business results. For precautions for use of
the assumptions for the above forecasts and forecasts of business results, please refer to information in the section “1. Qualitative
Information on Current Quarter Business Settlement, (3) Explanation on Future Estimate Information such as Consolidated
Earnings Forecasts” on page 3.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2016 (From April 1, 2015 to March 31, 2016)(Percentage indications show increase or decrease from the previous period for total period
and from the same quarter of the previous year for the 2nd quarter cumulative period.)
Net income per
Operating income Ordinary income
Net income
share

Net sales
2nd quarter consolidated
cumulative period

Mil. yen%Mil. yen%Mil. yen%Mil. yen%

63,000

16.3

2,000

28.0

2,000

14.3

1,100

20.0

Yen

Sen
24.66

Total period
130,000
7.8
5,000
10.7
5,000
5.0
2,800
-1.7
62.78
(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference) (1) Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 63,000 Million yen(2) Estimated net sales of construction contract orders (Total period) 130,000 Million yen

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2015

 Contents of Information
1. Qualitative Information on Current Quarter Business Settlement ................................................................... 2(1) Explanation on Operating Results ......................................................................................................... 2(2) Explanation on Financial Conditions ..................................................................................................... 2(3) Explanation on Future Estimate Information such as Consolidated Earnings Forecasts ............................... 3
2. Items Concerning Summary Information (Annotations) ................................................................................ 3(1) Changes in Major Subsidiaries in the Current Quarter Consolidated Cumulative Period.............................. 3(2) Application of Particular Accounting to the Preparation of Quarter Consolidated Financial Statements ........ 3(3) Changes in Accounting Policies, Changes in Accounting Estimates, Revision Redisplay ............................ 3
3. Consolidated Financial Statements ............................................................................................................. 4(1) Consolidated Balance Sheets ................................................................................................................ 4(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income ......................... 6(Consolidated Income Statements) .......................................................................................................... 6(First Quarter Consolidated Cumulative Period) ........................................................................ 6(Consolidated Statements of Comprehensive Income)............................................................................... 7(First Quarter Consolidated Cumulative Period) ........................................................................ 7(3) Annotation Items Concerning Quarterly Consolidated Financial Statements .............................................. 8(Notes to Going Concern Assumption) ......................................................................................... 8(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ........................ 8
4. Supplementary Information ....................................................................................................................... 8
Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted
construction contracts (consolidated) .......................................................................................................... 8

1

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2016

1. Qualitative Information on Current Quarter Business Settlement(1) Explanation on Operating Results
The Japanese economy during the current first quarter consolidated cumulative accounting period lasted inmoderate rebounding with favorable corporate profits, the improvement of employment and the recovery ofindividual consumption.
In the construction industry, a favorable business cycle started with the improved corporate profits, andprivate equipment investment was expected to be genuinely recovered, but though the investment transited
constantly, it lacked in strength.
Under the circumstances, as a result of that we tackled the securing of orders received and profit based on
our mid-term management plan called “Dai-Dan to Challenge a New Era,” the operating results in thecurrent first quarter consolidated cumulative accounting period resulted as follows.
Net sales of construction contract orders received resulted in 29,704 million yen decreasing from theprevious first quarter consolidated cumulative accounting period by 187 million yen.
Net sales of completed construction contracts resulted in 28,754 million yen increasing from the previous
first quarter consolidated cumulative accounting period by 3,484 million yen.
In addition to the increase of the net sales of completed construction contracts and by the improvement of
the ratio of net sales of completed construction contracts, gross profit on completed construction contracts
resulted in 3,450 million yen increasing from the previous first quarter consolidated cumulative accounting
period by 601 million yen.
In response to the increase of the gross profit on completed construction contracts, operating income resulted
in 954 million yen increasing from the previous first quarter consolidated cumulative accounting period by
698 million yen.
In response to the increase of the operating income and that the foreign exchange losses of 8 million yen
which arose during the previous first quarter consolidated cumulative accounting period turned to the foreignexchange gains of 23 million yen during the current first quarter consolidated cumulative accounting periodetc., the ordinary income counted 1,150 million yen increasing from the previous first quarter consolidated
cumulative accounting period by 747 million yen.
As to the profit attributable to owners of parent, as a result of that, in addition to the increase of the ordinary
income, the profit reversed from the allowance for the loss relating to the antimonopoly law of 47 million
yen was accounted for as an extraordinary income, and that income taxes-current, income taxes-deferred,and profit attributable to non-controlling interesets were deducted, it resulted in 719 million yen increasingfrom the previous first quarter consolidated cumulative accounting period by 493 million yen.
(2) Explanation on Financial Conditions(Assets)
Current assets as of the end of the current first quarter consolidated accounting period counted 76,591
million yen decreasing from the end of the previous consolidated accounting year by 4,239 million yen. The
main reason for this is that the decrease of notes receivable, accounts receivable from completed
construction contracts and other (5,833 million yen) surpassed the increase of cash and deposits (1,671
million yen). Noncurrent assets counted 33,433 million yen increasing from the end of the previous
consolidated accounting year by 824 million yen. The main reason for this is that investment securities
increased (698 million yen) and the net defined benefit assets increased (139 million yen) etc.
As a result, total assets counted 110,025 million yen decreasing from the end of the previous accounting year
by 3,415 million yen.
(Liabilities)
Current liabilities as of the end of the current first quarter consolidated accounting period counted 48,433
million yen decreasing from the end of the previous consolidated accounting year by 3,879 million yen. The
main reasons for this are that notes payable, accounts payable for construction contracts decreased (3,806
million yen) and income taxes payable decreased (958 million yen) etc. Noncurrent liabilities counted 7,401
million yen decreasing from the end of the previous consolidated accounting year by 263 million yen. The
main reason for this is that the decrease of long-term loans payable (382 million yen) etc. surpassed theincrease of deferred tax liabilities (331 million yen) etc.
As a result, total liabilities counted 55,835 million yen decreasing from the end of the previous consolidated
accounting year by 4,143 million yen.
(Net Assets)
Total net assets as of the end of the current first quarter consolidated accounting period counted 54,190
million yen increasing from the end of the previous accounting year by 728 million yen. The main reasonsfor this are that profit attributable to owners of parent was accounted for (719 million yen) and that the2

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2016

increase of valuation difference on available-for-sale securities (478 million yen) etc. surpassed thedividends of surplus (446 million yen) etc.
As a result, equity capital ratio resulted in 49.0% (it was 46.9% in the end of the previous consolidated
accounting year).
(3) Explanation on Future Estimate Information such as Consolidated Earnings Forecasts
Business result forecast for the second quarter consolidated cumulative accounting period and total period
published on May 12, 2015 remains unchanged.

2. Items Concerning Summary Information (Annotations)(1) Changes in Major Subsidiaries in the Current Quarter Consolidated Cumulative Period
Not applicable(2) Application of Particular Accounting to the Preparation of Quarter Consolidated Financial Statements
Not applicable(3) Changes in Accounting Policies, Changes in Accounting Estimates, Revision Redisplay(Application of Accounting Standard Relating to Corporate Consolidation Etc.)
We have been applying “Accounting Standard Relating to Corporate Consolidation” (Corporate
Accounting Standard No.21 dated September 13, 2013, hereinafter called “Corporate Consolidation
Accounting Standard”), “Accounting Standard Relating to Consolidated Financial
Statements”(Corporate Accounting Standard No.22 dated September 13, 2013, hereinafter called“Consolidated Accounting Standard”) and “Accounting Standard Relating to Business Separation”(Corporate Accounting Standard No.7 dated September 13, 2013, hereinafter called “AccountingStandard for Business Separation Etc.” etc. from the current first quarter consolidated accounting period,and changed the method to account for the difference amount caused by the fluctuation of the equity of
the Company in the subsidiaries which we are continuing to dominate as capital surplus, and to accountfor the acquisition-related costs as the costs in the consolidated accounting year in which they occurred.
Furthermore, as to the corporate consolidation to be executed from the beginning of the current firstquarter consolidated accounting period onwards, we changed to a method to reflect the review of the
distribution amount of acquisition costs by the fixation of temporary accounting disposal in the quarterly
financial statements of the quarterly consolidated period to which the date of corporate consolidation
belongs.
In addition, we changed the representation of the net income etc. and changed the representation fromminority interests to non-controlling interests. In order to reflect the changes of these representations, as tothe previous first quarter consolidated cumulative accounting period and the previous consolidated
accounting year, we changed the quarterly financial statements and consolidated financial statements.
As to the application of the Corporate Consolidation Accounting Standard etc., in accordance with thetemporary handling set forth in paragraph 58-2 (4) of the Corporate Consolidation Accounting Standard,paragraph 44-5(4) of the Consolidated Accounting Standard and paragraph 57-4 (4) of the AccountingStandard for Business Separation etc., we are applying it from the beginning of the current first quarter
consolidated accounting period onwards.
There is no impact on the profit and loss by the above.

3

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2016

3. Consolidated Financial Statements(1) Consolidated Balance Sheets(in million yen)Previous Consolidated
Accounting Year(As of March 31, 2015)

Current First Quarter
Consolidated Accounting
Period(As of June 30, 2015)

AssetsCurrent assets
Cash and deposits

24,38526,057

Notes receivable, accounts receivable from52,802

46,969

424

715

0

0

Deferred tax assets

1,278

941

Other

1,945

1,913

-5

-5

80,831

76,591

3,919

3,906

156

148

17,494

18,193

1

1

Net defined benefit assets

9,633

9,772

Other

1,595

1,604

Allowance for doubtful accounts

-190

-193

Total investments and other assets

28,53329,37832,60933,433

113,440

110,025completed construction contracts
Costs on uncompleted construction contracts
Raw materials and supplies

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets

Total noncurrent assets
Total assets

4DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2016

(in million yen)Previous Consolidated
Accounting Year(As of March 31, 2015)
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts
Short-term loans payable
Income taxes payable
Advances received on uncompleted construction
contracts
Provision for bonuses
Provision for directors' bonuses
Provision for warranties for completed construction
Provision for loss on construction contracts
Loss reserve related to antimonopoly law
Provision for environmental measures
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Provision for environment measures
Provision for overseas investment loss
Long-term accounts payable
Other
Total noncurrent liabilities
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5

Current First Quarter
Consolidated Accounting
Period(As of June 30, 2015)

37,937

34,131

4,379
990
1,500

4,522
31
1,804

－
－
85
480
390
－
6,550
52,312

820
17
88
414
342
107
6,153
48,433

1,583
4,237
1,377
107
6
352
0
7,665
59,978

1,200
4,569
1,323
－
4
303
0
7,401
55,8354,479
4,809
36,186-669
44,8074,479
4,809
36,460-670
45,079

6,797
39
1,592
8,429
225
53,462
113,440

7,275
41
1,561
8,878
232
54,190110,025DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2016

(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income(Consolidated Income Statements)(First Quarter Consolidated Cumulative Period)
Previous First Quarter
Consolidated Cumulative
Period(From April 1, 2014
to June 30, 2014)
25,26922,420
2,848
2,592
255

(in million yen)
Current First Quarter
Consolidated Cumulative
Period(From April 1, 2015
to June 30, 2015)
28,75425,303
3,450
2,496
954

1
105
86
－
8

1
119
86
23
8

202

240

37
0
8
7

35
0
－
7

55

44

402

1,150

1
－

1
47

1

49

5
10
20
0

－
－
1
2

38

3

Income before income taxes and minority interests

366

1,195

Income taxes-current
Income taxes-deferred

-5
146

9
461

Total income taxes

141

470

Net income

224

724

Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Insurance fee
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Income on sales of noncurrent assets
Profit reversed from the allowance for the loss relating
to the antimonopoly law
Total extraordinary income
Extraordinary loss
Impairment loss
Loss on retirement of noncurrent assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Total extraordinary loss

Profit (loss) attributable to non-controlling interests (-)-2

4

Profit attributable to owners of parent

226

719

6

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2016

(Consolidated Statements of Comprehensive Income)(First Quarter Consolidated Cumulative Period)
Previous First Quarter
Consolidated Cumulative
Period(From April 1, 2014
to June 30, 2014)
224(in million yen)
Current First Quarter
Consolidated Cumulative
Period(From April 1, 2015
to June 30, 2015)
724

Valuation difference on available-for-sale securities

337

478

Foreign currency translation adjustment-113Remeasurements of defined benefit plans, before tax

26

-30

Total other comprehensive income

352

450

Comprehensive income

577

1,175

(Particulars)
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

581

1,168

-3

6

Net income
Other comprehensive income7DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2016

(3) Annotation Items Concerning Quarterly Consolidated Financial Statements(Notes to Going Concern Assumption)
None(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity)
None

4. Supplementary Information
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated)(in million yen)Previous First Quarter
Consolidated Cumulative
PeriodCurrent First Quarter
Consolidated Cumulative
Period(From April 1, 2014
to June 30, 2014)(From April 1, 2015
to June 30, 2015)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received

AmountComponent
ratio %

AmountPrevious Consolidated
Accounting Year
(From April 1, 2014 toComponent
ratio %March 31, 2015)
Component
Amountratio %

Electrical equipment
installations

6,769

22.7

6,187

20.8

30,23523.0

Air-conditioning
installations

16,77356.1

17,042

57.4

72,122

54.8

Plumbing

6,350

21.2

6,475

21.8

29,275

22.2

Total

29,892100.0

29,704100.0

131,633

100.0(Renovations)

15,06550.4

17,851

60.1

63,987

48.6(Overseas operations)

1,447

4.8

1,173

4.0

9,929

7.5

Electrical equipment
installations

4,225

16.7

6,558

22.8

26,07621.4

Air-conditioning
installations

15,742

62.3

15,91755.4

71,245

58.5

Plumbing

5,301

21.0

6,278

21.8

24,458

20.1

Total

25,269100.0

28,754100.0

121,780

100.0(Renovations)

11,87847.0

14,81551.5

63,38352.0(Overseas operations)

1,453

5.8

3,075

10.7

9,718

8.0

Electrical equipment
installations

15,91418.2

17,15818.3

17,53019.0

Air-conditioning
installations

52,951

60.6

53,923

57.7

52,79757.0

Plumbing

18,47321.2

22,43824.0

22,241

24.0

Total

87,339100.0

93,520100.0

92,569100.0(Renovations)

29,85134.2

30,30532.4

27,26829.5(Overseas operations)

7,846

9.0

6,161

6.6

8,063

8.7

8