Note: This document is translation of a part of the original Japanese version and provided for reference purposes only. If there is any
discrepancy between the Japanese original and this English translation, the Japanese original will prevail.

Brief Report on the First Quarter Financial Statements for the Period Ending March 2023
[Japanese Standard] (Consolidated)
August 5, 2022

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

Stock Exchange Listing:Tokyo Stock Exchange Prime Market

Code No.: 1980 URL: https://www.daidan.co.jp/
Representative of Company: Ichiro Fujisawa, Representative Director, President
Inquiries to be addressed to: Yasuo Kamei, Director, Executive Corporate Officer,
Head of General Administration
Date scheduled to submit Quarterly report:
August 5, 2022
Creating supplements to the financial statement:
Yes
Holding a briefing session on the financial statement:
NoneTel. (06) 6447 - 8003

(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the first quarter of the period ending March 2023 (From April 1, 2022 to June 30, 2022)(1) Consolidated management performance (Cumulative total)
Net sales(Percentage indications show increase or decrease from the previous period.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Million yen%
Million yen%
Million yen%First quarter of the35,342
29.7
818
54.8
1,308
72.0
period ending March 2023
First quarter of the27,256(21.7)
528(76.8)760(69.9)
period ending March 2022
(Note)
Comprehensive income First quarter of the period ending March 2023 755 Million yen 968.6%
First quarter of the period ending March 2022
70 Million yen (96.4%)

Profit per share%

862

71.9

501(70.8)

Diluted Profit per shareYen Sen

Yen Sen

40.31

―

23.48

―

First quarter of theperiod ending March 2023
First quarter of theperiod ending March 2022

Million yen(2) Consolidated financial position
Total assets

Net assets

Million yen

Equity capital ratio

Million yen%First quarter of the126,427
77,040period ending March 2023
Period ending March 2022
139,099
77,242(Reference) Equity capital First quarter of the period ending March 2023 76,879 Million yen
Period ending March 2022 77,081 Million yen

60.8
55.4

2. Dividends
Annual dividends per share
End of first quarter End of second quarter End of third quarter
Yen Sen――Yen Sen45.00

Yen Sen―

Period end

Through year

Yen Sen45.00

Yen Sen
Period ending March 2022
90.00
Period ending March 2023
Period ending March 2023
45.00
―
55.00
100.00(Forecast)(Note) 1 Presence of revision from dividend forecast published most recently: None
2 Breakdown of dividend for the period ending March 2023: Ordinary dividend:90yen
Commemorative dividend:10yen (120th anniversary commemorative dividend)

3. Estimate of consolidated performance for the period ending March 2023 (From April 1, 2022 to March 31, 2023)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen

Operating profit%

Mil. yen

Profit attributable toowners of parent

Ordinary profit%

Mil. yen%Mil. yen%

175,000
7.4
8,500
12.1
8,700
Total period(Reference) Estimated net sales of construction contract orders 193,000 Million yen(Note)
Presence of revision from estimate of performance published most recently: None

7.5

6,000

3.8

Profit per share
YenSen280.46

* Annotations(1) Changes in key subsidiaries in the period (changes in specific subsidiaries requiring changes of consolidation scope): None
(2) Application of particular accounting to the preparation of quarter consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, restatement
 Changes in accounting policies due to revision of accounting standards, etc.: None
 Changes in accounting policies other than : None
 Changes in accounting estimates: None Restatement: None
(4) Number of issued shares (common stock)
First quarter ofPeriod ending
the period ending
22,981,901 shares
22,981,901 shares
March 2022
March 2023
First quarter of Number of treasury shares at the end ofPeriod ending
the period ending
1,583,612 shares
1,588,839 sharesperiodMarch 2022
March 2023
First quarter ofFirst quarter of Average number of shares in the period
the period ending
21,393,963 shares the period ending 21,375,091 shares(quarter total)
March 2023
March 2022
(Note) The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (107,302
shares for the period ending March 2022, 102,007 shares for the first quarter of the period ending March 2023). In addition, theCompany's shares held in the BIP Trust for Directors (125,770 shares for the first quarter of the period ending March 2022, 106,390
shares for the first quarter of the period ending March 2023) are also included in treasury shares, which is deducted in the calculation of
the average number of shares outstanding during the period.

 Number of issued shares at the end ofperiod (including treasury shares)* Brief report on quarterly financial statements is beyond the object of audit by CPA or an audit corporation.
* Explanation about adequate use of achievement forecasts and other noteworthy matters

The forward-looking statements disclosed herein are based on the information available at the time of preparation of thisdocument and the assumption considered as reasonable.
Consequently, actual results differ materially from forecasts above due to changes in business results.

(Reference) Estimate of individual performance
1.Estimate of individual performance for the period ending March 2023 (From April 1, 2022 to March 31, 2023)(Percentage indications show increase or decrease from the previous period.)Net sales
Mil. yen(Reference)(Note)

Ordinary profit

Mil. yenMil. Yen%

ProfitProfit per share%

Mil. yen%

Yen Sen170,000
5.58,500
10.3
8,700
5.9
Estimated net sales of construction contract orders 182,000 Million yen
Presence of revision from estimate of performance published most recently: None

6,000

2.3

280.46

Total period%

Operating profit

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2023

 Contents of Information
1. Consolidated Financial Statements and Major Notes ..............................................................................................2(1) Consolidated Balance Sheets .............................................................................................................................2(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ........................4(Consolidated Statements of Income)(First Quarter Consolidated Cumulative Period) .............................................................................................4(Consolidated Statements of Comprehensive Income)(First Quarter Consolidated Cumulative Period) .............................................................................................5(3) Annotation Items Concerning Quarterly Consolidated Financial Statements ....................................................6(Notes to Going Concern Assumption) ............................................................................................................6(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ............................................6
2. Supplementary Information .....................................................................................................................................7
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated) ................................................................................................71

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2023

1. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2022)
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Electronically recorded monetary claims - operating
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

2Current First QuarterConsolidated Accounting
Period(As of June 30, 2022)

16,065

13,40968,90354,391

15,002
464
4,416
(6)
104,846

17,213
1,103
5,508
(6)
91,618

5,893
409

6,567
410

15,837
10,628
1,622(138)
27,94934,253139,099

15,722
10,643
1,602(136)
27,83134,808
126,427

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2023

(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2022)
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for bonuses
Provision for directors' bonuses
Provision for share awards
Provision for warranties for completed construction
Provision for loss on construction contracts
Deposits received
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Retirement benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assetsShareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
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

3

Current First Quarter
Consolidated Accounting
Period(As of June 30, 2022)

24,025

14,77012,047
3,229
701

8,505
3,022
15

2,058

3,209－－
26
70
615
8,703
6,00457,483

1,319
21
23
73
597
9,973
3,171
44,704

675
2,419
1,251
5
22
4,374
61,857

563
2,823
1,247
5
424,682
49,386

4,479
4,837
63,946(3,166)70,097

4,479
4,837
63,841(3,155)70,002

6,079
34
870
6,984
160
77,242139,033

6,005
67
803
6,876
161
77,040126,427

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2023

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(First Quarter Consolidated Cumulative Period)(Millions of yen)Previous First Quarter
Consolidated CumulativePeriod(From April 1, 2021
to June 30, 2021)
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 profit
Non-operating income
Interest income
Dividend income
Insurance fee income
Foreign exchange gains
Rental income from real estate
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Rental expenses on real estate
OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

4

Current First Quarter
Consolidated CumulativePeriod(From April 1, 2022
to June 30, 2022)

27,25623,669
3,587
3,058
528

35,342
31,062
4,280
3,461
818

1143
114
185274

1151
122
226
7145232708541760

16294
32
1,308－
44
44

1－
140
4
44761
(1)
267
266
494
(7)
501

12－
12
1,298
(19)
465
446
851
(10)
862

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2023

(Consolidated Statements of Comprehensive Income)(First Quarter Consolidated Cumulative Period)(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

5

Previous First Quarter
Consolidated Cumulative
Period(From April 1, 2021
to June 30, 2021)
494

Current First Quarter
Consolidated Cumulative
Period(From April 1, 2022
to June 30, 2022)
851

(374)
(0)
(49)
(424)
70(73)
43(66)
(96)
755

77

754

(7)

0DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2023

(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

6

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2023

2. Supplementary Information
Divisional net sales of construction contract orders received, completed construction contracts and uncompleted
construction contracts (consolidated)(Millions of yen)Previous First Quarter
Consolidated CumulativePeriod(From April 1, 2021
to June 30, 2021)
AmountNet sales of construction
contract orders received

Electrical installations

Net sales of completed
construction contracts

AmountIncrease(decrease)

Component
ratio %

AmountRatio %

6,697

15.0

7,906

11.9

1,209

18.1

27,35261.2

45,041

67.5

17,68964.7

10,64823.8

13,764

20.6

3,115

29.3

38,00185.0

58,80588.1

20,804

54.7

Total

44,698100.0

66,712100.0

22,014

49.3(Industrial facilities)

18,86242.2

29,452

44.1

10,58956.1(Renovations)24,80355.5

30,251

45.3

5,447

22.0

(Overseas operations)

2,401

5.4

10,029

15.0

7,628

317.6

Electrical installations

4,070

14.9

6,102

17.3

2,032

49.9

Air
conditioning
installations

16,13559.2

21,446

60.7

5,311

32.9

and plumbing

Plumbing
installations

7,050

25.9

7,792

22.0

741

10.5

installations

subtotal

23,18685.1

29,239

82.7

6,053

26.1

Total

27,256100.0

35,342

100.0

8,085

29.7

(Industrial facilities)

12,03044.1

14,293

40.4

2,263

18.8

(Renovations)

14,80654.3

16,479

46.6

1,672

11.3

(Overseas operations)

1,477

5.4

2,738

7.7

1,260

85.3

Electrical installations

and plumbingAir
conditioning
installations
Plumbing
installations

installations

subtotalAir
conditioningAir

Net sales of uncompleted
construction contracts

Component
ratio %

Current First Quarter
Consolidated Cumulative
Period(From April 1, 2022
to June 30, 2022)

conditioning

24,511

15.3

25,266

13.0

754

3.1

Air
conditioning
installations

97,15560.5

129,22866.2

32,07333.0

Plumbing
installations

38,81824.2

40,656

20.8

1,838

4.7

subtotal

135,97384.7

169,885

87.0

33,912

24.9

Total

160,484

100.0

195,152

100.0

34,667

21.6(Industrial facilities)

47,08829.3

60,41731.0

13,32828.3(Renovations)

42,851

26.7

50,668

26.0

7,816

18.2

(Overseas operations)

12,7908.0

20,130

10.3

7,339

57.4

Air
conditioningand plumbinginstallations(Note) 1. The breakdown of Air conditioning and plumbing installations is divided into Air conditioning installations and Plumbing installations.
2. Industrial facilities and Renovations, Overseas operations are aggregated for each type of construction. These includes duplicatedconstruction.

7