Brief report on the Financial Statements for the period ending March, 2015
[Japanese Standard] (Consolidated)
May 12, 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, Senior Corporate Officer & General Manager
Date scheduled for ordinary shareholders general meeting convention: June 26, 2015
Date scheduled for asset securities report submission:
June 26, 2015
Date scheduled for dividend payment commencement:
June 29, 2015
Creating supplements to the financial statement:
None
Holding a briefing sessions on the financial statement:
Yes

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 period ending March, 2015 (From April 1, 2014 to March 31, 2015)(1) Consolidated management performance
Net sales(Percentage indications show increase or decrease from the previous period.)

Operating income

Ordinary income

Net income

Million yen%
Million yen%
Million yen%
Million yen%
Period ending March 2015
121,780
-2.1
4,547
9.0
4,875
9.0
2,921
74.9
Period ending March 2014
124,445
2.1
4,171
51.7
4,471
36.4
1,670
4.5
(Note) Comprehensive income Period ending March 2015 8,188 Million yen (169.9%) Period ending March 2014 3,034 Million yen (-13.8 %)Net income per shareafter making potential
share adjustments

Net income per share

Total asset vs. ordinary Net sales vs. operating
income ratio
income ratio
Yen
Sen
%
%
%
―
5.9
4.3
3.7
―
3.7
4.1
3.4
Period ending March 2015 - Million yen
Period ending March 2014 - Million yen

Yen Sen
Period ending March 2015
65.50
Period ending March 2014
37.45
(Reference) Investment income or loss on equity method(2) Consolidated financial position

Total assets

Period ending March 2014
(Reference) Equity capital

Net assets

Million yen
113,440
111,347

Period ending March 2015

Equity capital vs.
net income ratio

Equity capital ratio

Million yen
53,462
46,609Period ending March 2015 53,236 Million yen(3) Consolidated cash flows

Cash flows from investing
activities

Million yen
2,427
3,117

Million yen
-401
-172

Period ending March 2014

Net assets per share
Yen Sen
1,193.61
1,040.67

Period ending March 2014 46,420 Million yen

Cash flows fromoperating activities

Period ending March 2015

%
46.9
41.7

Cash flows fromfinancing activities

Cash and equivalents at
end of period

Million yen-2,344-892

Million yen
24,35824,598

2. Dividends
Annual dividends
End of first End of second End of third Period end
quarterquarterquarter
Period ending March 2014
Period ending March 2015

Throughyear

Yen Sen――Yen Sen
8.00
8.00

Yen Sen――Yen Sen
8.00
10.00

Yen Sen
16.00
18.00

―

9.00

―

9.00

18.00

Period ending March 2016
(Forecast)

Total
Dividend Net asset vs.
dividend
trend
dividend ratio(through year) (consolidated) (consolidated)
%
42.7
27.5

Million yen
713
802

%
1.6
1.6

28.7

(Note) Breakdown of dividend at the end of the current period of March 2015: ordinary dividend 8.00 yen and special dividend 2.00 yen

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

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

Total period
131,000
7.6
5,000
10.0
5,000
2.6
2,800
-4.2
(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 period (changes in specific subsidiaries requiring changes of consolidation scope)None(2) 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 ①: None
 Changes in accounting estimates: None
 Revision redisplay: None
(Note) For details, please refer to Attached Data p.14 “5. Consolidated Financial Statements, (5) Annotation Items Concerning
Consolidated Financial Statements (Changes in Accounting Policies).”(3) Number of issued shares (common stock) Number of issued shares at the end of period (including treasury stock)
Period ending March 2015 45,963,803 shares
Period ending March 2014 45,963,803 shares Number of treasury stock at the end of period
Period ending March 2015 1,362,322 shares
Period ending March 2014 1,357,727 shares Average numbers of shares in the period
Period ending March 2015 44,605,057 shares
Period ending March 2014 44,609,462 shares(Reference) Outline of individual performance
1. Individual performance during the period ending March 2015 (From April 1, 2014 to March 31, 2015)(Percentage indications show increase or decrease from the previous period.)(1) Individual management performance
Net sales
Operating income
Ordinary income
Net income
Period ending March 2015

Million yen
120,572

Period ending March 2014

122,966% Million yen
-1.9
4,515

% Million yen
11.2
4,763

% Million yen
9.3
2,848

%
78.1

2.4

55.1

38.9

3.8

Net income per share
Yen

4,060

Period ending March 2014

1,599

Net income per shareafter making
potential shareadjustments

Sen
63.87
35.86

Period ending March 2015

4,357

Yen

Sen
―
―

(2) Individual financial condition
Total assets
Period ending March 2015
Period ending March 2014
(Reference) Equity capital

Net assets

Equity capital ratio

Million yen
Million yen
110,051
51,268111,365
46,648Period ending March 2015 51,268 million yen

Net assets per share%
Yen Sen46.6
1,149.48
41.9
1,045.79
Period ending March 2014 46,648 million yen

2. Individual performance forecast 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
(Reference) Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 63,000 million yen
Estimated net sales of construction contract orders (Total period)
130,000 million yenDisplay concerning state of audit proceeding implementation
Financial statement audit proceeding in accordance with Financial Instruments and Exchange Act is under way at the timeof disclosure of this brief report.



Explanation about 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 foruse of the assumptions for the above forecasts and forecasts of business results, please refer to information in the section“1. Analysis Concerning Operating Results and Financial Positions (1) Analysis Concerning Operating Results” on page2.

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

 Contents of Information
1. Analysis Concerning Operating Results and Financial Positions .................................................................... 2(1) Analysis Concerning Operating Results ................................................................................................. 2(2) Analysis Concerning Financial Positions ............................................................................................... 2
2. State of Corporate Group ........................................................................................................................... 4
3. Management Policies ................................................................................................................................ 4(1) Basic Policy on Management ................................................................................................................ 4(2) Management Index Goal ...................................................................................................................... 4(3) Mid- and Long-Term Management Strategies and Tasks to Be Addresses.................................................. 4
4. Fundamental Philosophy for Selection of Accounting Standard ..................................................................... 5
5. Consolidated Financial Statements ............................................................................................................. 6(1) Consolidated Balance Sheets ................................................................................................................ 6(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income ......................... 8(Consolidated Income Statements) .......................................................................................................... 8(Consolidated Statements of Comprehensive Income) .............................................................................. 9(3) Consolidated Statements of Changes in Net Assets ............................................................................... 10(4) Statement of Consolidated Cash Flows ................................................................................................ 12(5) Annotation Items Concerning Consolidated Financial Statements .......................................................... 14(Annotation Concerning Going Concern Premise) .................................................................................. 14(Changes in Accounting Policy) ........................................................................................................... 14(Relating to Consolidated Balance Sheet) .............................................................................................. 14(Relating to Consolidated Income and Loss Statement) ........................................................................... 15(Account Statement of Changes in Consolidated Shareholder’s Equity Etc.) ............................................. 15(Relating to Consolidated Statements of Cash Flows) ............................................................................. 16(Segment Information etc.)................................................................................................................... 17(Per-share Information) ........................................................................................................................ 17(Important Events Subsequent to Balance Sheet Date) ............................................................................ 17(On Disclosure Omission) .................................................................................................................... 17
6. Individual Financial Statements................................................................................................................ 18(1) Balance Sheets .................................................................................................................................. 18(2) Income and Loss Statements ............................................................................................................... 21(3) Statements of Changes in Net Assets ................................................................................................... 22(4) Annotation Items Concerning Individual Finance Statements ................................................................. 24(Notes to Going Concern Assumption) .................................................................................................. 24
7. Others .................................................................................................................................................... 24(1) Board Member Changes ..................................................................................................................... 24(2) Others ............................................................................................................................................... 25

1

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

1. Analysis Concerning Operating Results and Financial Positions(1) Analysis Concerning Operating Results1) Operating Results in the Current Consolidated Accounting Year
The Japanese economy showed a favorable trend in productions and exports as well as employment andwages, but the growth of personal consumption, a mainstay in the economy, slowed down despite a lessinfluence by the consumption tax increase.
In the construction industry, public-sector investments increased due to the government’s budget use aheadof schedule whereas private-sector capital investments were sluggish due to labor shortage, although a
substantial increase had been expected by the need for refurbishing obsoleted facilities and increased
corporate earnings. Under these circumstances, we have been working to secure orders and incomes inaccordance with the mid-term business plan “Dai-Dan to Challenge a New Era,” and achieved the following
operating results in the current consolidated accounting year.
Net sales of construction contract orders received increased by 4,239 million yen over the previous
consolidated accounting year to 131,633 million yen.
Net sales of completed construction contracts decreased by 2,664 million yen from the previous consolidated
accounting year to 121,780 million yen.
Gross profit on completed construction contracts increased by 425 million yen over the previous
consolidated accounting year to 14,563 million yen due to an increase in profit margins, despite the decreasein the net sales of completed construction contracts.
Operating income increased by 376 million yen over the previous consolidated accounting year to 4,547
million yen due to the increase in the gross profit on completed construction contracts.
Ordinary income increased by 403 million yen over the previous consolidated accounting year to 4,875
million yen due to the increase in the operating income.
Net income increased by 1,250 million yen to 2,921 million yen as a result of posting 105 million yen ofgain of reversal of provision for environment measures as an extraordinary income, and positing 105 million
yen of fixed asset retirement loss and 92 million yen of loss reserve related to antimonopoly law as an
extraordinary losses, and then deducting income taxes-current, income taxes-deferred and minority interests
in income.
The provision of loss reserve related to antimonopoly law of 92 million yen was reasonably estimated toprepare for the payment of surcharges etc. due to antimonopoly law violations, for which we were indicted
on March 4, 2014 by the Tokyo District Public Prosecutors Office over alleged antimonopoly law violations
in connection with bid rigging for facility installation projects for the Hokuriku Shinkansen bullet train line.
2) Prospects for the Next Period
In expectation of an increase in private capital investment due to improved corporate earnings, we forecast
that consolidated operating results of the next period will achieve net sales of construction contract orders
received of 131,000 million yen, net sales of completed construction contracts of 131,000 million yen,operating income of 5,000 million yen, ordinary income of 5,000 million yen, and current net income of
2,800 million yen attributable to owners of parent.
(2) Analysis Concerning Financial Positions
1) States of Assets, Liabilities and Net Assets
Total assets at the end of the current consolidated accounting year increased by 2,093 million yen from theend of the previous consolidated accounting year to 113,440 million yen.
Current assets decreased by 4,892 million yen from the end of the previous consolidated accounting year to
80,831 million yen, primarily due to a decrease in notes receivable and accounts receivable from completed
construction contracts (4,387 million yen).
Noncurrent assets increased by 6,986 million yen from the end of the previous consolidated accounting year
to 32,609 million yen, primarily due to an increase in investment securities (4,264 million yen) and anincrease in net defined benefit asset (2,711 million yen).
Total liabilities at the end of the current consolidated accounting year decreased by 4,759 million yen fromthe end of the previous consolidated accounting year to 59,978 million yen.
Current liabilities decreased by 6,226 million yen from the end of the previous consolidated accounting year
to 52,312 million yen, primarily due to decreases in note payable and account payable for construction
contracts (2,070 million yen), short-term loans payable (1,307 million yen), income taxes payable (391
million yen), and uncompleted construction contracts receivable (1,623 million yen).
Noncurrent liabilities increased by 1,467 million yen from the end of the previous consolidated accounting
year to 7,665 million yen, primarily because an increase in deferred tax liabilities (1,932 million yen)exceeded a decrease in long-term loans payable (320 million yen) and a decrease in provision forenvironment measures (112 million yen).
2

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

Net assets at the end of the current consolidated accounting year increased by 6,852 million yen from theend of the previous consolidated accounting year to 53,462 million yen, primarily due to an increase inretained earnings (1,589 million yen), an increase in valuation difference on available-for-sale securities(3,106 million yen) and an increase in remeasurements of defined benefit plans (2,151 million yen).
2) Status of Cash Flows
Cash and cash equivalents (hereinafter referred to as the “funds”) in the current consolidated accounting year
decreased by 240 million yen (i.e., 1.0%) from the end of the previous consolidated accounting year to
24,358 million yen. Cash flow statuses in the current consolidated accounting years and the causes are as
follows:(Cash Flows from Operating Activities)
As the result of operating activities, the funds increased by 2,427 million yen (3,117 million yen increase in
the previous consolidated accounting year), mainly because funds increasing factors, such as posting ofincome before income taxes and minority interests and a decrease in notes and accounts receivable,
exceeded funds decreasing factors, such as a decrease in note and accounts payable, a decrease inuncompleted construction contracts receivable and income taxes paid.
(Cash Flows from Investing Activities)
As the result of investing activities, the funds decreased by 401 million yen (172 million yen decrease in theprevious consolidated accounting year), primarily due to purchase of property, plant and equipment.
(Cash Flows from Financing Activities)
As the result of financing activities, the funds decreased by 2,344 million yen (892 million yen decrease in
the previous consolidated accounting year), mainly because repayment of short- and long-term loans payableand dividends paid exceeded proceeds from short- and long-term loans payable.
(Reference) Transition of cash flow-related indexes
Equity capital ratio
Equity capital ratio at market
value
Cash flow to interest-bearing
liability ratio

Period ending
March 2011

Period ending
March 2012

Period ending
March 2013

Period ending
March 2014

Period ending
March 2015

42.8%

40.8%

42.3%

41.7%

46.9%

23.6%

22.2%

21.1%

21.8%

32.2%

―

9.0 years

6.0 years

2.4 years

2.5 years―
Interest coverage ratio
5.5 times
8.2 times
20.7 times
15.7 times
Equity capital ratio:
Equity capital/Total assets
Equity capital ratio at market value:
Aggregate market value of shares/Total assets
Cash flow to interest-bearing liability ratio:
Interest-bearing liabilities/Operating cash flow
Interest coverage ratio:
Operating cash flow/Interest payment* Indexes are all calculated by financial values on a consolidated basis.
* Total market-price stock values are calculated on the basis of the number of issued stocks excluding treasury stock.
* Operating cash flow uses cash flows from operating activities given in consolidated cash flow calculation sheets.
* Interest-bearing liabilities cover all interest-paying liabilities of the liabilities given in the consolidated balance sheet.
Interest payment amount given in the consolidated cash flow calculation sheets is used for interest payment.

3

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

2. State of Corporate Group
Disclosure is omitted because of the absence of major changes from “Business Systematic Chart (Content of
Business)” and “State of Affiliate Companies” in the latest securities report (submitted on June 27, 2014).

3. Management Policies(1) Basic Policy on Management
Our Company Group enforces the management principles of “As a building services engineering andinstallation provider, we continually take on the challenge of creating value for our clients while contributing
to the development of a better environment and stronger communities.” and provides customers withtechnologies and services, which are ahead of their needs, thus working toward upgrading the corporate value.
Furthermore, the company has an on-target grasp of changes in the industrial structure and conducts the speedy
and practical management with an eye toward becoming a vigorous company.
(2) Management Index Goal
As stated in the “Strategies for Revenue Goal in Mid-Term Management Plan” that is released today, theCompany Group aims to achieve net sales of construction contract orders received of 131,000 million yen, net
sales of completed construction contracts of 131,000 million yen, and operating income of 5,000 million yen
as the consolidated operating results for fiscal 2015.
(3) Mid- and Long-Term Management Strategies and Tasks to Be Addresses
The Company is pursuing the reforms of its whole management in accordance with the mid-term management
plan “Dai-Dan to Challenge a New Era” which was started in April 2012 and revised in April 2014.
With a gradual but expected increase in private capital investment due to the recovery in corporate earnings, it
has become a task for us to further add our corporate value and ensure operating results by pursuing thestrategies and measures of the mid-term business plan in order to achieve the continual development of theCompany as a general equipment construction/installation contractor.
The following section describes major strategies and measures we are pursuing in the mid-term management
plan.
1) Strategies and Measures Based on Customer First Policy
In the Company, a “Development Technology Information Desk” plays an important role as a support
window to respond to customers’ technical consultations and requests, through which we can capture theneed of customers and market trends to promote technical cooperation with customers by taking advantage
of our technology.
We will further improve “Customer-oriented one stop service” considering a building life cycle to aim toincrease renewal construction contracts.
2) Strategies and Measures to Strengthen “Practical Competence”
We have set up new positions of GPM (Grand Project Master) and PM (Project Master) for construction
experts working in the field. By enhancing incentives and securing excellent engineers, we will challengeeven more difficult tasks in construction, develop young human resources, and hand down expertise andskills to them, thus aiming at securing profits.
Besides making use of the Dai-Dan Meister System, we will build the network of associate companies on anationwide scale to strengthen our construction system for big projects and projects requiring special
technologies.
3) Strategies and Measures to Establish Revenue Base for the Next Generation
As a leading construction company, we have created “Dai-Dan Smart Energy Technology” to realize ourcharacteristic technical proposals and refurbished our engineering laboratory in which we can evaluate thesefeasibility. In the future we will conduct performance demonstration of new buildings in our own premises.
Recently, medical institutions aim to renovate their facilities for acute-stage patients following the revisionof medical treatment fees, for which we can expect substantial capital investments in clean clinics equippedwith hybrid operation rooms. We will make positive business proposals utilizing our medical-related
technologies.
4) Measures to meet corporate social requirements
Reflecting on our violation of antimonopoly law for which we were ordered to follow a 60-day businesssuspension starting from January 29, 2015, we have been enlightening our management team to do business4

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

in accordance with antimonopoly law and other applicable regulations to prevent recurrence. Furthermore,as a corporate citizen, we will commit ourselves to continual CSR activities with an awareness of employee
involvement.
With the foregoing tasks, we will not only secure orders and earnings, but also take on the challenge ofcreating value for our clients while contributing to the development of a better environment and stronger
communities.

4. Fundamental Philosophy for Selection of Accounting Standard
Dai-Dan group adopts Japanese accounting standards because of small business overseas and less financing
needs from overseas. Adoption of Japanese accounting standards secures comparability with other companies
in the same business in Japan.

5

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

5. Consolidated Financial Statements(1) Consolidated Balance Sheets(in million yen)Previous Consolidated
Accounting Year(As of March 31, 2014)

Current Consolidated
Accounting Year(As of March 31, 2015)

AssetsCurrent assets
Cash and deposits

24,62624,385

Notes receivable, accounts receivable from57,18952,802152424

completed construction contracts and other
Costs on uncompleted construction contracts

00Deferred tax assets

Raw materials and supplies

1,273

1,278

Other

2,488

1,945

-6

-5

85,72480,831

5,409

5,371

Accumulated depreciation-2,862-2,737

Buildings and structures, net

2,546

2,633

Machinery, equipment and vehicles

154

177

-123

-132

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures

Accumulated depreciation

31

44

Tools, furniture and fixtures

Machinery, equipment and vehicles, net

780

800

Accumulated depreciation

-624

-619

Tools, furniture and fixtures, net

155

180

1,054

1,048

－

11

3,788

3,919

260

156

13,22917,494

1

1

Net defined benefit assets

6,921

9,633

Land
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other

2,086

1,595

Allowance for doubtful accounts

-665

-190

Total investments and other assets

21,57428,53325,62332,609111,347

113,440

Total noncurrent assets
Total assets

6

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

(in million yen)Previous
Consolidated Accounting Year(As of March 31, 2014)

Current Consolidated
Accounting Year(As of March 31, 2015)

Liabilities
Current liabilities
Notes payable, accounts payable for construction

40,00737,937

Short-term loans payable

5,686

4,379

Income taxes payable

1,381

990

Advances received on uncompleted construction

3,124

1,500

Provision for warranties for completed construction

92

85

Provision for loss on construction contracts

130

480

Loss reserve related to antimonopoly law

771

390

Other

7,346

6,550

Total current liabilities

58,53952,312Long-term loans payable

1,903

1,583

Deferred tax liabilities

2,304

4,237

Net defined benefit liability

1,398

1,377

Provision for environment measures

220

107

Provision for overseas investment loss

18

6

Long-term accounts payable

352

352

0

0

6,197

7,665

64,73759,978

Capital stock

4,479

4,479

Capital surplus

4,809

4,809

Retained earnings

34,59736,186

Treasury stock

-666

-669

43,22144,807

3,690

6,797

contracts

contracts

Noncurrent liabilities

Other
Total noncurrent liabilities
Total liabilities
Net Assets
Shareholders’ equity

Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

68

39

Remeasurements of defined benefit plans

-559

1,592

Total accumulated other comprehensive income

3,199

8,429

Minority interests

189

225

Total net assets

46,60953,462

111,347

113,440

Total liabilities and net assets

7

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

(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income(Consolidated Income Statements)

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
Real estate rent
Insurance fee
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Income on sales of noncurrent assets
Gain on reversal of provision for environment measures
Total extraordinary income
Extraordinary loss
Impairment loss
Loss on retirement of noncurrent assets
Loss on sales of noncurrent assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Provision of loss reserve related to antimonopoly law
Provision of loss reserve on overseas investment
Total extraordinary loss
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

8

Previous Consolidated
Accounting Year
(From April 1, 2013
to March 31, 2014)
124,445
110,307
14,137
9,966
4,171(in million yen)
Current Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)
121,780
107,216
14,563
10,016
4,547

16
181
33
91
155
3
482

15
209
34
105
139
3
507

150
18
13
182
4,471

157
6
14
179
4,875

2
－
2

1
105
107

－
0
4
0
1
771
17
797
3,676
1,781
184
1,965
1,710
39
1,670

5
105
－
5
0
92
－
210
4,771
1,796
45
1,842
2,929
7
2,921

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

(Consolidated Statements of Comprehensive Income)(in million yen)

Income before minority interests

Previous Consolidated
Accounting Year
(From April 1, 2013
to March 31, 2014)
1,710

Current Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)
2,929

1,278

3,106

45

0

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

－

2,151

1,323

5,258

Comprehensive income

3,034

8,188

(Particulars)
Comprehensive income attributable to owners of parent
Comprehensive income attributable to minority
interests

2,976

8,151

57

36

Remeasurements of defined benefit plans, before tax
Total other comprehensive income9DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2015

(3) Consolidated Statements of Changes in Net Assets
Current consolidated accounting year (From April 1, 2013 to March 31, 2014)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

Retained earnings

Total shareholders’equityTreasury stock

4,479

4,809

33,774-660

42,403

4,479

4,809

33,774-660

42,403Cumulative effect of changes inaccounting policies
Restated balance
Changes of items during the period
Dividends from surplus

-847

-847

Net income

1,670

1,670

Purchase of treasury stock-5-5

Disposal of treasury stock
Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity
Total changes of items during theperiod

－

－

823

-5

817

Balance at the end of current period

4,479

4,809

34,597-666

43,221

Accumulated other comprehensive income
Valuation
Foreign currency Remeasurements Total accumulated Minority interests Total net assets
difference ontranslationof defined benefit other comprehensive
available-for-saleadjustment
plansincomesecurities
Balance at the beginning of current
period

2,412

40

－

2,453

131

44,988

2,412

40

－

2,453

131

44,988Cumulative effect of changes inaccounting policies
Restated balance
Changes of items during the period
Dividends from surplus-847

Net income

1,670

Purchase of treasury stock-5

Disposal of treasury stock－

Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity

－
1,278

27

-559

746

57

803

Total changes of items during theperiod

1,278

27

-559

746

57

1,621

Balance at the end of current period

3,690

68

-559

3,199

189

46,60910

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

Current Consolidated Accounting Year (From April 1, 2014 to March 31, 2015)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

4,479

Retained earnings

4,809

34,597

Cumulative effect of changes inaccounting policies
Restated balance

Total shareholders’equityTreasury stock-666

43,221

-618
4,479

4,809

-618

33,979-666

42,602

Changes of items during the period
Dividends from surplus

-713

-713

Net income

2,921

2,921

Purchase of treasury stock0

Disposal of treasury stock
Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity

-4

-4

0

0

0

0

Total changes of items during theperiod

－

0

2,207

-3

2,204

Balance at the end of current period

4,479

4,809

36,186-669

44,807

Accumulated other comprehensive income
Valuation
Foreign currency Remeasurements Total accumulated Minority interests Total net assets
difference ontranslationof defined benefit other comprehensive
available-for-saleadjustment
plansincomesecurities
Balance at the beginning of current
period

3,690

68

-559

3,199

189

Cumulative effect of changes inaccounting policies
Restated balance

46,609
-618

3,690

68

-559

3,199

189

45,991

Changes of items during the period
Dividends from surplus-713

Net income

2,921

Purchase of treasury stock-4

Disposal of treasury stock0

Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity

0
3,106

-28

2,151

5,230

36

5,266

Total changes of items during theperiod

3,106

-28

2,151

5,230

36

7,471

Balance at the end of current period

6,797

39

1,592

8,429

225

53,46211

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2015(4) Statement of Consolidated Cash Flows(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2013
to March 31, 2014)

Current Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)

Net cash provided by (used in) operating activities
Current net income before tax adjustments, etc.
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) amount of net defined benefit liability
Increase (decrease) in provision for environmental measures
Interest and dividends income
Interest expenses
Increased (decrease) in reserve for overseas investment loss
Loss (gain) on valuation of investment securities
Loss (gain) on sales of noncurrent assets
Loss on retirement of noncurrent assets
Impairment loss
Increased (decrease) in loss reserve related to antimonopoly
law
Loss on valuation of golf club memberships
Reversal of foreign currency translation adjustment entailed
in exclusion of consolidation
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in costs on uncompleted construction
contracts
Decrease (increase) in other current assets

3,676
425
33
-1,328
1,268
－
-198
150
16
0
2
0
－

4,771
345
-475
－
-89
-112
-225
157
-7
5
-1
105
5

771

92

1

－

－

-73

-884
162

4,387
-271

-141
6,586
-7,666
27
689

476
475
-381
-2,070-1,623

695
-24

-450
－

Subtotal

4,265

5,041

Interest and dividends income received
Interest expenses paid
Loss related to antimonopoly act paid
Income taxes (paid) refund

198
-150
－
-1,195

225
-154
-473
-2,210Net cash provided by (used in) operating activities

3,117

2,427

Expenditures by acquiring of other noncurrent assets
Revenue by sales of other noncurrent assets

27
-27
49
-125
3
-255
30
-4
4
-68
192

27
-27
－
-391
3
-4
13
-2
2
-166
144

Net cash provided by (used in) investing activities

-172

-401

Decrease (increase) in other noncurrent assets
Increase (decrease) in net defined benefit asset
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received on uncompleted
construction contracts
Increase (decrease) in other current liabilities
Increase (decrease) in other noncurrent liabilities

Net cash provided by (used in) investing activities
Proceeds from withdrawal of time deposits
Payments into time deposits
Proceeds from sales and redemption of securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Payments of loans receivableCollection of loans receivable

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

(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2013
to March 31, 2014)

Current Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)

Net cash provided by (used in) financing activities
Increase in short-term loans payable

34,57034,680Decrease in short-term loans payable-35,070-36,170

Proceeds from long-term loans payable

2,600

1,950

Repayment of long-term loans payable-2,139-2,087-5-4

Purchase of treasury stock
Proceeds from sales of treasury stock
Cash dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Decrease in cash and cash equivalents resulting fromexclusion of subsidiaries from consolidation
Cash and cash equivalents at end of period

13

－

0

-847

-713

-892

-2,344

126

78

2,178

-239

22,42024,598－-0

24,59824,358DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2015

(5) Annotation Items Concerning Consolidated Financial Statements(Annotation Concerning Going Concern Premise)
No applicable items.
(Changes in Accounting Policy)(Adoption of accounting standard for retirement benefits)
Accounting Standard for Retirement Benefits (ASBJ Statement No. 26 May 17, 2012, hereinafter referred toas the “Accounting Standard for retirement benefits”) and Guidance on Accounting Standard for Retirement
Benefits (ASBJ Guidance No. 25 March 26, 2015, hereinafter referred to as the “Guidance on Retirement
Benefits”) are applied from the current consolidated accounting year, in accordance with the regulations
stipulated under Article No. 35 of Accounting Standard for retirement benefits and Article No. 67 of
Guidance on Accounting Standard. Accordingly, a calculation method for net defined benefit obligations
and service costs (work expenditures) was reviewed and changed from using a discount rate based on anaverage length of remaining service period of employees to using a discount rate of a single weighted
average discount rate that reflects the estimated timing and amount of benefit payments.
The adopted accounting standard for retirement benefits is in accordance with the regulations under Article
No. 37 of Accounting Standard for Retirement Benefits, thus the balance of the beginning of the current
consolidated accounting year includes cumulative effects impacted by the change in the calculation methodof net defined benefit obligations and service costs, within the item of retained earnings.
As a result, the balance of the beginning of the current consolidated accounting year shows that net defined
benefit liability increased by 88 million yen while net defined benefit asset, deferred tax liability, andretained earnings decreased by 878 million yen, 347 million yen, and 618 million yen, respectively. The
impact on operating income, ordinary income and current net income is negligible in the current
consolidated accounting year.
(Relating to Consolidated Balance Sheet)
1. Mortgaged assets and secured liabilities
Mortgaged assets and secured liabilities are as follows:
Previous Consolidated Accounting Year Current Consolidated Accounting Year
(March 31, 2014)(March 31, 2015)
Investment securities

105 million yen

138 million yen

Liability corresponding to the above:
Short-term loans payable

100 million yen

100 million yen

Long-term loans payable

175

75

In addition to the above, the following asset is provided as mortgage for loans payable by the Company’s investmentcompanies engaged in PFI business:
Investment securities

29 million yen

29 million yen

Further, the following asset is provided as mortgage for purchase liability performance bond of consolidated
subsidiaries:
Time deposit

27 million yen

27 million yen

3. Contingent liability
Loss indemnity is given to investors to the following consolidated subsidiary on the amount of investment:
Previous Consolidated Accounting Year Current Consolidated Accounting Year
(March 31, 2014)(March 31, 2015)
DAI-DAN (THAILAND) CO., LTD.

16 million yen

14

18 million yen

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

(Relating to Consolidated Income and Loss Statement)
Main items of selling expenses and general administrative expenses are as follows:
Previous consolidated accounting year Current consolidated accounting year
(From April 1, 2013 to March 31, 2014) (From April 1, 2014 to March 31, 2015)
Employee salary and allowance
3,970 million yen
4,034 million yen
Retirement benefit expenses
48
26
Correspondence and transportation expenses
888
827
Computer expense426
467
Depreciation
419
339
Provision of allowance for doubtful accounts- 16-6(Account Statement of Changes in Consolidated Shareholder’s Equity Etc.)
Previous consolidated accounting year (From April 1, 2013 to March 31, 2014)
1. Items relating to the type and number of issued stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
45,963――45,963
2. Items relating to the type and number of treasury stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
1,347
10
―
1,357
(Outline of variation causes)
Main items of increases are as follows:
Increase due to odd stock purchase demand

10 thousand shares

3. Matters pertaining to subscription rights to shares
There are no matters that come under this paragraph.
4. Items relating to dividend(1) Paid amount of dividend
Resolution

Type of stock

Ordinary general meeting ofshareholders on June 27, 2013
Board of directors on November 7,
2013

Total dividends

Dividend per share(in million yen)(in yen)Record date

Effective dateCommon stock

490

11.00

March 31, 2013

June 28, 2013

Common stock

356

8.00

September 30, 2013

December 2, 2013

(2) Of the dividends with their record date belonging to the current consolidated accounting year, thosebecoming effective in the next consolidated accounting period.
Resolution
Ordinary general meeting ofshareholders on June 27, 2014

Type of stock
Common stock

Resource for

Total dividends

Dividend per share

dividend(in million yen)(in yen)356

Surplus earnings

15

8.00

Record date

Effective date

March 31, 2014

June 30, 2014

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

Current consolidated accounting year (From April 1, 2014 to March 31, 2015)
1. Items relating to the type and number of issued stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
45,963――45,963
2. Items relating to the type and number of treasury stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
1,357
6
1
1,362
(Outline of variation causes)
Main items of increases are as follows:
Increase due to odd stock purchase demand
6 thousand shares
Main items of decreases are as follows:
Decrease due to odd stock sale demand
1 thousand shares
3. Matters pertaining to subscription rights to shares
There are no matters that come under this paragraph.
4. Items relating to dividend(1) Paid amount of dividend
Resolution

Type of stock

Ordinary general meeting ofshareholders on June 27, 2014
Board of directors on November 6,
2014

Total dividends

Dividend per share(in million yen)(in yen)Record date

Effective dateCommon stock

356

8.00

March 31, 2014

June 30, 2014

Common stock

356

8.00

September 30, 2014

December 1, 2014

(2) Of the dividends with their record date belonging to the current consolidated accounting year, thosebecoming effective in the next consolidated accounting period.
Resolution
Ordinary general meeting ofshareholders on June 26, 2015

Type of stock
Common stock

Resource for

Total dividends

Dividend per share

dividend(in million yen)(in yen)Surplus earnings

446

10.00

Record date

Effective date

March 31, 2015

June 29, 2015

(Relating to Consolidated Statements of Cash Flows)
The following table shows the relationship between the balance of cash and cash equivalents at the end of full-year
period and the amounts of accounts listed in the full-year consolidated balance sheet
Previous consolidated accounting year
(From April 1, 2013 to March 31, 2014)
Cash and deposits
Time deposits with time periodof more than three months
Cash and cash equivalents

24,626 million yen

Current consolidated accounting year
(From April 1, 2014 to March 31, 2015)

24,385 million yen

-27

-27

24,59824,35816

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

(Segment Information etc.)(Segment Information)
Previous consolidated accounting year (From April 1, 2013 to March 31, 2014)
Current consolidated accounting year (From April 1, 2014 to March 31, 2015)
Descriptions are omitted since the Company Group is a single segment of equipment work business.
(Per-share Information)
Items

Previous consolidated
accounting year
(From April 1, 2013 to March 31, 2014)

Current consolidated
accounting year
(From April 1, 2014 to March 31, 2015)

1,040.67 yen
37.45 yen

1,193.61 yen
65.50 yen

Per-share net assets
Net income per share(Note) 1. Net income per share after making potential share adjustments is not mentioned because of the absenceof potential shares.
2. Net income per share is calculated on the basis of the following:
Previous consolidated accounting year
(From April 1, 2013 to March 31, 2014)

Current consolidated accounting year
(From April 1, 2014 to March 31, 2015)

1,670

2,921

Amount not belonging to common stock(million yen)――

Current period net income pertaining tocommon stock (million yen)

1,670

2,921

Average number of common stock
shares during the period (thousand
shares)44,60944,605

Net income (million yen)

(Important Events Subsequent to Balance Sheet Date)
Not applicable(On Disclosure Omission)
Disclosure of annotations concerning real estate and consolidated comprehensive income statement such aslease transactions, tax effect accounting, financial products, securities, retirement benefit, asset retirement
obligation, lease, etc. is omitted since disclosure necessity in the brief report on the financial statements is
considered small.
No annotations exist in concerning information of the parties concerned, derivative transactions, stock options,etc. and business combination etc.

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

6. Individual Financial Statements(1) Balance Sheets(in million yen)Previous fiscal year
(As of March 31, 2014)

Current fiscal year
(As of March 31, 2015)

AssetsCurrent assets
Cash and deposits

23,93023,518Notes receivable-trade

2,885

6,274

Accounts receivable from completed construction

54,11646,306151

418

Raw materials and supplies

00Prepaid expenses

19

16

Advances paid

1,357

933

Deferred tax assets

1,270

1,276

Other

1,105

989

-6

-5

84,83179,730

5,263

5,225

Accumulated depreciation-2,751-2,627

Buildings, net

2,512

2,597

145

143

-110

-110

34

33

17

15

Accumulated depreciation-9-9

Machinery and equipment, net

7

6

108

129

-95

-97

contracts
Costs on uncompleted construction contracts

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings

Structures
Accumulated depreciation
Structures, net
Machinery and equipment

VehiclesAccumulated depreciation

13

32

Tools, furniture and fixtures

Vehicles, net

752

765

Accumulated depreciation

-604

-592

Tools, furniture and fixtures, net

148

172

1,054

1,048

－

11

3,771

3,903

Software

218

113

Other

38

38

Total intangible assets

256

151

Land
Construction in progress
Total property, plant and equipment
Intangible assets

18

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

(in million yen)Previous fiscal year
(As of March 31, 2014)
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andaffiliates
Guarantee deposits
Long-term insurance premiums
Claims provable in bankruptcy, claims provable inrehabilitation and otherPrepaid pension cost
Golf club membership
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes payable-trade
Accounts payable for construction contracts
Short-term loans payable
Current portion of long-term loans payable
Accounts payable-otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Advances received on uncompleted construction
contracts
Deposits received
Deposits received from employees
Provision for warranties for completed construction
Provision for loss on construction contracts
Provision for loss related to antimonopoly law
OtherTotal current liabilities
Noncurrent liabilities
Long-term loans payable
Deferred tax liability
Provision for retirement benefits
Provision for environmental measures
Allowance for overseas investment loss
Long-term accounts payable-other
Other
Total noncurrent liabilities
Total liabilities

19

Current fiscal year
(As of March 31, 2015)

13,164289
544

17,428
289
5
44

637
154
86

646
144
33

7,666
595
102
-239
22,50526,533111,365

7,169
596
95
-187
26,26630,321110,051

5,951
33,912
3,890
1,796
375
2,786
1,376
354
3,122

6,355
31,312
2,400
1,979
428
2,788
990
－
1,491

3,125
653
92
130
771
2
58,339

2,617
671
84
480
390
2
51,992

1,903
2,619
1,265
220
15
352
0
6,377
64,716

1,583
3,476
1,264
107
6
352
0
6,791
58,783

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

(in million yen)Previous fiscal year
(As of March 31, 2014)

Current fiscal year
(As of March 31, 2015)

Net Assets
Shareholders’ equity
4,479

4,479

Legal capital surplus

4,716

4,716

Other capital surplus

93

93

Total capital surplus

4,809

4,809

1,119

1,119

61

58

29,72029,720

3,432

4,952

34,33435,850-666-669

42,95744,471

Valuation difference on available-for-sale securities

3,690

6,797

Total valuation and translation adjustments

3,690

6,797

46,64851,268111,365

110,051

Capital stock
Capital surplus

Retained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced depreciation of noncurrent
assetsGeneral reserve
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments

Total net assets
Total liabilities and net assets

20

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2015(2) Income and Loss Statements(in million yen)Previous fiscal year
(From April 1, 2013 toMarch 31, 2014)

Current fiscal year
(From April 1, 2014 toMarch 31, 2015)

Net sales of completed construction contracts

122,966

120,572

Cost of sales of completed construction contracts

109,088

106,188

Gross profit on completed construction contracts

13,877

14,384

Selling, general and administrative expenses

9,816

9,869

Operating income

4,060

4,515

Interest income

1111

Dividends income

181

209

Real estate rent

33

34

Insurance fee

91

105

Foreign exchange gain

153

63

2

2

475

427

Interest expenses

150

157

Guarantee commission

18

6

Other

10

14

Total non-operating expenses

178

179

4,357

4,763

Gain on sales of non-current assets－

1

Gain on reversal of provision for environment

－

105

－

107

Impairment loss－

5

Loss on retirement of noncurrent assets

0105

Loss on sales of noncurrent assets

4－

Loss on valuation of investment securities

05

Loss on valuation of golf club membership

10

Loss reserve related to antimonopoly law

771

92

Loss on liquidation of subsidiaries and affiliates

26－

Total extraordinary losses

806

210

Income before income taxes

3,550

4,659

Income taxes-current

1,748

1,785

Income taxes-deferred

203

26

Total income taxes

1,951

1,811

Net income

1,599

2,848

Non-operating income

Other
Total non-operating income
Non-operating expenses

Ordinary income
Extraordinary income

measuresTotal extraordinary income
Extraordinary loss

21

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2015(3) Statements of Changes in Net Assets
Previous Fiscal Year (From April 1, 2013 to March 31, 2014)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Balance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance

Reserve for
Legal
Total
Other
advanced
capital retained depreciation
capitalsurplus surpluses earnings
ofnoncurrent
assetsCapital
stock

Legal
capitalsurplus

4,479

4,716

93

4,809

1,119

65

29,7202,677

33,582

4,479

4,716

93

4,809

1,119

65

29,7202,677

33,582

Generalreserve

Total
Retainedearnings retainedbrought earnings
forwardChanges of items during the period
Reversal of reserve disposition

3－

Dividends from surplus

-3

-847

-847

Net income

1,599

1,599

Purchase of treasury stock
Disposal of treasury stock
Net changes of items other thanshareholders' equity
Total changes of items during theperiod

－

－

－

－

－

-3

－

755

751

Balance at the end of current period

4,479

4,716

93

4,809

1,119

61

29,7203,432

34,334

Shareholders’ equity

Treasury stock

Balance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance

Valuation and translation adjustments

Valuationdifference on
Total shareholders’available-for-sale
equitysecurities

Total valuationand translation
adjustments

Total net assets-660

42,211

2,412

2,412

44,623-660

42,211

2,412

2,412

44,623

Changes of items during the period
Reversal of reserve disposition－－

Dividends from surplus

-847

-847

Net income

1,599

1,599

Purchase of treasury stock-5

Disposal of treasury stock

-5

-5

－

－

Net changes of items other thanshareholders' equity

1,278

1,278

1,278

Total changes of items during theperiod

-5

746

1,278

1,278

2,024

Balance at the end of current period-666

42,957

3,690

3,690

46,64822

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

Current Fiscal Year (From April 1, 2014 to March 31, 2015)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Capitalstock

Reserve for
Legal
Total
Other
Legal
advanced
capital retained depreciation
capital capitalsurplus surplus surpluses earningsofGeneralreserve

Retainedearnings
brought
forwardTotal
retainedearnings

29,7203,432

34,334

-618

-618

2,813

33,715

noncurrent
assetsBalance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance

4,479

4,479

4,716

4,716

93

4,809

93

4,809

1,119

61

1,119

61

29,720Changes of items during the period
Reversal of reserve disposition

3－

Dividends from surplus

-3

-713

-713

Net income

2,848

2,848

Purchase of treasury stock
Disposal of treasury stock

0

0

－

Net changes of items other thanshareholders' equity
Total changes of items during theperiod

－

－

0

0

－

-3

－

2,138

2,135

Balance at the end of current period

4,479

4,716

93

4,809

1,119

58

29,7204,952

35,850Shareholders’ equity
Treasury stock
Balance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance

Valuation and translation adjustments

Totalshareholders’equity-666

42,957

Valuation difference
on available-for-salesecurities

Total valuationand translation
adjustments

3,690

3,690

-618
-666

42,339Total net assets

46,648
-618

3,690

3,690

46,029Changes of items during the period
Reversal of reserve disposition
Dividends from surplus
Net income

-713

-713

2,848

2,848

Purchase of treasury stock

-4

-4

-4

Disposal of treasury stock

0

0

0

Net changes of items other thanshareholders' equity

3,106

3,106

3,106

Total changes of items during theperiod

-3

2,131

3,106

3,106

5,238

Balance at the end of current period-669

44,471

6,797

6,797

51,26823

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

(4) Annotation Items Concerning Individual Finance Statements(Notes to Going Concern Assumption)
None

7. Others(1) Board Member Changes
1) Changes in Representative Directors
None2) Change in other board members• Nominees as new director
Director, Corporate Officer, General Manager
Takayuki Ikeda(currently, Senior Corporate Officer &General Manager)

Director (Outside Director)
Hiroshi Yoshida(currently, Mitsubishi Plastics. Inc. Special
Advisor)Fumio Matsubara(currently, Lawyer)

Director (Outside Director)

3) Scheduled Date of Assumption of Office
June 26, 201524

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

(2) Others
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated)(in million yen)Previous consolidated
accounting year

Current consolidated
accounting year

(From April 1, 2013
to March 31, 2014)(From April 1, 2014
to March 31, 2015)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received

AmountComponent
ratio %

AmountComponent
ratio %

Difference

Amount%Electrical equipment
installations

28,80822.6

30,235

23.0

1,427

5.0

Air-conditioning
installations

75,27759.1

72,12254.8-3,155-4.2

Plumbing

23,307

18.3

29,275

22.2

5,967

25.6

Total

127,394

100.0

131,633

100.0

4,239

3.3

(Renovations)

71,59556.2

63,98748.6-7,608-10.6(Overseas operations)

10,385

8.2

9,929

7.5

-455

-4.4

Electrical equipment
installations

26,52821.3

26,076

21.4

-451

-1.7

Air-conditioning
installations

71,13457.2

71,245

58.5

111

0.2

Plumbing

26,78321.5

24,45820.1-2,324

-8.7

Total

124,445

100.0

121,780

100.0-2,664-2.1(Renovations)

65,293

52.5

63,38352.0-1,910-2.9(Overseas operations)

6,237

5.0

9,718

8.0

3,481

55.8

Electrical equipment
installations

13,37016.2

17,530

19.0

4,159

31.1

Air-conditioning
installations

51,921

62.7

52,797

57.0

876

1.7

Plumbing

17,42521.1

22,241

24.0

4,816

27.6

Total

82,716100.0

92,569

100.0

9,852

11.9

(Renovations)

26,66432.2

27,268

29.5

603

2.3

(Overseas operations)

7,852

9.5

8,063

8.7

211

2.7

25

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

Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (individual)(in million yen)Previous fiscal year

Current fiscal year

(From April 1, 2013
to March 31, 2014)(From April 1, 2014
to March 31, 2015)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received

AmountComponent
ratio %

AmountDifference

Component
ratio %

Amount%Electrical equipment
installations

28,37022.5

29,809

22.9

1,438

5.1

Air-conditioning
installations

74,68859.3

71,53454.9-3,154-4.2

Plumbing

22,94618.2

28,986

22.2

6,040

26.3

Total

126,005

100.0

130,330

100.0

4,325

3.4

(Renovations)70,18855.7

62,66648.1-7,522-10.7(Overseas operations)

9,578

7.6

9,195

7.1

-383

-4.0

Electrical equipment
installations

26,061

21.2

25,702

21.3

-358

-1.4

Air-conditioning
installations

70,51057.3

70,724

58.7

214

0.3

Plumbing

26,39421.5

24,14520.0-2,249

-8.5

Total

122,966

100.0

120,572

100.0-2,393-1.9(Renovations)

63,79651.9

62,16051.6-1,636-2.6(Overseas operations)

5,359

4.4

9,021

7.5

3,662

68.3

Electrical equipment
installations

13,235

16.1

17,342

18.8

4,106

31.0

Air-conditioning
installations

51,78662.9

52,596

57.1

809

1.6

Plumbing

17,30721.0

22,148

24.1

4,840

28.0

Total

82,329100.0

92,086

100.0

9,757

11.9

(Renovations)

26,27731.9

26,783

29.1

506

1.9

(Overseas operations)

7,543

9.2

7,716

8.4

173

2.3

26