Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013
[Japanese Standard] (Consolidated)
November 8, 2012
Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Osaka Securities Exchange 1st section

Name of listed company: DAI-DAN Co., Ltd.
Code No.: 1980
URL http://www.daidan.co.jp/

Representative of Company :Nobukazu UEBAYASHI, Representative Director, President and Chief Operating Officer (C.O.O.)
Inquiries to be addressed to: Hirokazu KAWAKUBO, Director, Senior Executive Corporate Officer, Head of General Administration Division
Scheduled date to file a quarterly report: November 9, 2012
Date scheduled for dividend payment commencement: December 3, 2012
Yes or no of preparation of quarterly settlement supplementary explanation data: No
Yes or no of holding of quarterly settlement explanation meeting: Yes

Tel. : 06 - 6447 - 8003

(Amounts are indicated with figures less than 1 million yen discarded)
1. Consolidated business results for the Second quarter of the period ending March 2013 (From April 1, 2012 to September 30, 2012)(1) Consolidated management performance (Cumulative total)(Percentage figures represent the changes from the same quarter period of the previous accounting year.)

Sales amountOperating profit

Million yen
56,19052,429Second quarter of the period ending March 2013
Second quarter of the period ending March 2012

%
7.2
12.3

Million yen
316
539

Ordinary profit%

Million yen
381
458

-41.4
―

Quarterly net income%

Million yen
-111
1

-16.9
―

%
―
―

(Reference) Comprehensive income: Second quarter of the period ending March 2013 -6 million yen (– %), Second quarter of the period ending March 2012
176 million yen (– %)Quarterly net income pershare (basic)
Yen
Second quarter of the period ending March 2013
Second quarter of the period ending March 2012

Quarterly net income pershare (diluted)

Sen
-2.49
0.03

Yen

Sen
―
―

(2) Consolidated financial condition
Total assets

Net assets

Shareholders capital rate

Net assets per share

Million yen
Million yen%
Second quarter of the period ending March 2013
93,453
41,83044.7
Period ended March 2012
103,345
42,197
40.8(Reference) Equity capital:
Second quarter of the period ending March 2013 41,729 Million yen,
Period ending March 2012 42,123 Million yen%
934.85943.57

2. Dividend status
Annual Dividends(Base date)

End of first quarter
Yen

End of second quarter
Sen

Yen

End of third quarter

Sen

Period ending March 2012

―

8.00

Period ending March 2013

―

8.00

Yen

Period ending March 2013 (Forecast)

Period end

Sen

Yen

Through year
Sen

Yen

Sen

―

8.00

16.00

―

11.00

19.00

(Note) Presence or absence of revision from dividend forecast published most recently: Yes
Breakdown of March 2013 term-end dividend: Ordinary dividend ¥8.00, memorial dividend ¥3.00.
For amendments to dividend forecast, please refer to “the notice on dividend forecast amendment (110th anniversary memorial dividend)” announced today (November 8, 2012).

3. Estimate of consolidated performance for the period ending March 2013 (From April 1, 2012 to March 31, 2013)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
116,000

Operating profit%-5.0

Million yen
2,500(Note) Presence or absence of revision from business forecast published most recently: None
(Reference)Estimated amount of work order received [full year]: 121,000 Million yen

Ordinary profit%-7.1

Million yen
2,500

Current net profit%-8.7

Million yen
1,200

Current net earnings per share%
2.1

Yen Sen26.88

* Annotations(1) Key subsidiary changes in the current quarter consolidated cumulative 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) Accounting policy change, accounting estimate change, revision redisplay
 Accounting policy change due to revision of accounting standards etc.: Yes
 Accounting policy change other than : None
Accounting estimate change: Yes
Revision redisplay: None
(Note) These come under Article 10-5 of the “Regulations on Terms, Forms and Preparation Methods of Quarterly Consolidated Financial Statements.” For details,
please refer to Attached Data p.3 “2. Matters Concerning Summary Information (Annotations) (3) Representation of Changes in Accounting Policies and Changes andRevisions in Accounting Estimates.”(4) Number of issued shares (common stock) Number of issued shares at the end of period (including treasury stock) Number of treasury stock at the end of period
 Average numbers of shares in the period (Quarter total)Second quarter of period endingSecond quarter of period endingSecond quarter of period ending

March 2013
March 2013
March 2013

45,963,803 shares

Period ending March 2012

45,963,803 shares

1,326,082 shares

Period ending March 2012

1,321,248 shares

44,640,224 shares

Second quarter of period ending

44,681,294 shares

March 2012

* Display Concerning State of Quarter Review Procedure Implementation
Quarter report review under the Financial Commodity Transaction Law is implemented at the time of disclosure of this quarter settlement brief statement.
* 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 for use of the assumptions for theabove forecasts and forecasts of business results, please refer to information in the section “1. Qualitative Information on Current Quarter Consolidated
Business Settlement, (3) Qualitative Information on Consolidated Earnings Forecast” on page 3.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2013 (From April 1, 2012 to March 31, 2013)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
115,000

Operating profit%-4.5

Million yen
2,500(Note) Presence or absence of revision from business forecast published most recently: None
(Reference)Estimated amount of work order received [full year]: 120,000 Million yen

Ordinary profit%-4.9

Million yen
2,500

Current net profit%-6.0

Million yen
1,200

Current net earnings per share%
5.1

Yen Sen
26 .88DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

○ Contents of Information
1. Qualitative Information on Current Quarter Consolidated Business Settlement ............................. 2(1) Qualitative Information on Consolidated Operating Results ........................................................................... 2(2) Qualitative Information on Consolidated Financial State ................................................................................ 2(3) Qualitative Information on Consolidated Earnings Forecast ........................................................................... 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. Quarterly Consolidated Financial Statements .................................................................................. 4(1) Quarterly Consolidated Balance Sheet............................................................................................................. 4(2) Quarterly Consolidated profit and loss statement and consolidated comprehensive income statement .......... 6
Quarterly Consolidated Profit and Loss Statement
Second Quarter Consolidated Cumulative Period ........................................................................................... 6
Quarterly Consolidated comprehensive income statement
Second Quarter Consolidated Cumulative Period ............................................................................................. 7(3) Quarterly Consolidated Statement of Cash Flows ........................................................................................... 8(4) Notes to Going Concern Assumption ............................................................................................................ 10(5) Notes in Case of Significant Changes in the Amount of Shareholders’ Equity ............................................. 10

4. Supplementary Information ........................................................................................................... 10
Divisional amount of work orders received, completed works, and works carried over (consolidated) ............. 10-1-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

1. Qualitative Information on Current Quarter Consolidated Business Settlement.
(1) Qualitative Information on Consolidated Operating Results
Japan’s economy in the current second quarter consolidated cumulative period saw a mild recovery inproduction activities and corporate earnings in the early part of the period but the recovery showed signs of steadyslowdown toward the end of the period. Further, the economy remained unpredictable because of deep-rooted
debt problems in Europe, low stock prices, strong yen recurrence, etc.
In the construction industry, order-taking environments continued severe because of persisting sense ofovercapacity etc. since the mild recovery seen in private-sector equipment investments was devoid of strength.
Under these circumstances, business results given below were attained in the current second quarter
consolidated cumulative period as a result of efforts for securing orders and profits in accordance with the
mid-term management plan “DAI-DAN Challenging the New Age.”Amount of work on accepted orders was 63,399 million yen (up 9,395 million yen from the year-earlier samequarter consolidated cumulative period) despite severe order-taking environments.
Amount of finished work was 56,190 million yen (up 3,761 million yen from the year-earlier same quarter
consolidated cumulative period) mainly because of the effect of increase in amount of work on accepted orders.
Finished work gross profit was 5,235 million yen (down 135 million yen from the year-earlier same quarter
consolidated cumulative period) because of decrease in finished work gross profit rate despite increase in amountof finished work.
Operating profit was 316 million yen (down 222 million yen from the year-earlier same quarter consolidated
cumulative period) mainly because of decrease in finished work gross profit and increase (87 million yen) in
selling expense and general administration expense from the year-earlier same quarter consolidated cumulative
period (which had a temporary decrease factor of posting a big amount doubtful account reserve reversal).
Ordinary profit was 381 million yen (down 77 million yen from the year-earlier same quarter consolidated
cumulative period) because of decrease in operating profit though exchange loss was 60 million yen (down 132
million yen from the year-earlier same quarter consolidated cumulative period).
Quarterly net profit and loss was quarterly net loss of 111 million yen (vs. 1 million yen quarterly net profit in
the year-earlier same quarter consolidated cumulative period) after deduction of corporate tax, resident tax,
business tax, adjustment for corporate tax, and minority shareholder interest because of decrease in ordinary profit
though investment securities appraisal loss was 185 million yen (down 16 million yen from the year-earlier samequarter consolidated cumulative period).
(2) Qualitative Information on Consolidated Financial State(Assets)
Liquid assets at the end of the current second quarter consolidated accounting period were 73,565 million yen(down 10,189 million yen from the end of the preceding consolidated accounting year) mainly because of
decrease (10,747 million yen) in bills receivable and finished work accounts receivable. Fixed assets were 19,888
million yen (up 297 million yen from the end of the preceding consolidated accounting year) mainly because
tangible fixed asset increase (157 million yen) and prepaid pension expense increase (372 million yen) exceeded
intangible fixed asset decrease (87 million yen) and investment securities decrease (64 million yen).
As a result, total assets decreased 9,892 million yen from the previous consolidated accounting year end to
93,453 million yen.
(Liabilities)
Liquid liabilities at the end of the current second quarter consolidated accounting period were 47,956 million
yen (down 9,411 million yen from the end of the preceding consolidated accounting year) mainly because of
decrease (8,410 million yen) in bills payable and work accounts payable and decrease (667 million yen) in
short-term loans payable. Fixed liabilities were 3,666 million yen (down 114 million yen from the end of thepreceding consolidated accounting year) mainly because decrease (224 million yen) in long-term loans payableand decrease (41 million yen) in retirement benefit reserve exceeded increase (167 million yen) in deferred tax
liabilities.
As a result, total liabilities decreased 9,525 million yen from the previous consolidated accounting year end to
51,622 million yen.
(Net Assets)
Total net assets at the end of the current second quarter consolidated accounting period were 41,830 million yen(down 366 million yen from the end of the preceding consolidated accounting year) mainly because quarterly net
loss posting (111 million yen) and surplus distribution (357 million yen) exceeded increase (76 million yen) inother securities appraisal variance.
As a result, capital adequacy ratio was 44.7% (vs. 40.8% at the previous consolidated accounting year end).

-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

State of Cash Flows
Cash and cash equivalent (“funds”) in the current second quarter consolidated cumulative period were 22,968
million yen (up 332 million yen from the end of the preceding consolidated accounting year).
Given below are states and factors of respective cash flows in the current second quarter consolidated
cumulative period.
(Cash Flow on Operating Activities)
Fund increase resulting from operating activities was 1,856 million yen (vs. 73 million yen fund decrease in the
year-earlier same quarter consolidated cumulative period) mainly because fund increase factors like sales credit
decrease exceeded fund decrease factors like purchase liability decrease.
(Cash Flow on Investment Activities)
Fund expenditure resulting from investment activities was 215 million yen (vs. 230 million yen fundexpenditure in the year-earlier same quarter consolidated cumulative period) mainly because of expenditure fortangible fixed asset acquisition.
(Cash Flow on Financial Activities)
Fund decrease resulting from financial activities was 1,251 million yen (vs. 227 million yen fund decrease in
the year-earlier same quarter consolidated cumulative period) mainly because expenditure for repayment of shortand long-term loans payable and dividend payment exceeded revenues from short- and long-term loans payable.
(3) Qualitative Information on Consolidated Earnings Forecasts“The notice on business performance forecast amendments” announced on October 30, 2012 remains
unchanged.

2. Items Concerning Summary Information (Annotations)(1) Changes in major subsidiaries in the current quarter consolidated cumulative period
No applicable matter.
(2) Application of particular accounting to the preparation of quarter consolidated financial statements
No applicable matter.
(3) Changes in accounting policies, changes in accounting estimates, revision redisplay
No applicable matter.
(Changes in Depreciation Methods)
Because of the Corporate Tax Law revision, the Company, effective from the current first quarter consolidated
accounting period, changed the depreciation methods to those under the revised Corporate Tax Law for
application to tangible fixed assets acquired on and after April 1, 2012.
Effects of the change are minor.

-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet(in million yen)
Current Second Quarter
Consolidated Accounting Period(September 30, 2012)

Previous Consolidated
Accounting Year
(March 31, 2012)
AssetsCurrent assets
Cash on hand and in banks
Note receivables, completed work accounts
receivables
Securities
Incomplete work expenditures
Inventories of raw materials and supplies
Deferred tax assets
OthersAllowance for bad debts
Total current assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Prepaid pension costs
OthersAllowance for bad debts
Total investments and other assets
Total fixed assets
Total assets-4-

22,66357,43422,99546,686

99
466
0
1,228
1,867
-6

99
866
0
1,177
1,743
-5

83,75473,565

3,267
590

3,425
503

8,118
5,929
2,497
-814
15,731

8,054
6,302
2,410
-807
15,95919,59019,888103,345

93,453

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

(in million yen)
Current Second Quarter
Consolidated Accounting Period(September 30, 2012)

Previous Consolidated
Accounting Year
(March 31, 2012)
Liabilities
Current liabilities
Notes payable, work accounts payable
Short-term loans payable
Corporate tax etc. payable
Incomplete work accounts received
Reserves for bonuses
Reserves for directors’ premiums
Reserves for completed work compensation
Reserves for work loss
Others41,235
6,233
489
2,404
－
－
168
1,152
5,682

32,825
5,565
108
2,798
1,096
42
184
793
4,541

57,36747,956

Fixed liabilities
Long-term loans payable
Reserves for retirement benefits
Reserves for environmental measureLong-term accounts payable
Reserves for overseas investment loss
Deferred tax liabilities
OthersTotal fixed liabilities

1,623
1,433
220
433
5
63
0
3,780

1,399
1,391
220
420
2
231
0
3,666

Total liabilities

61,14851,622

4,479
4,809
32,889-647
41,531

4,479
4,809
32,421-649
41,061

564
27

640
27

Total current liabilities

Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Earned surplus
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive profit
Evaluation difference of other securities
Currency translation adjustment account

591

668

Minority interest equity
Total net assets

73
42,197

101
41,830Total liabilities and net assets

103,345

93,453

Total accumulated other comprehensive profit-5-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

(2) Quarterly Consolidated profit and loss statement and consolidated comprehensive income
statement(Quarterly Consolidated Profit and Loss Statement)(Second Quarter Consolidated Cumulative Period)

Completed work amountCompleted work costCompleted work gross profit
Selling expenses and general administrative expenses
Operating profit
Non-operating income
Interests received
Dividends received
Insurance claim received
OthersTotal non-operating income
Non-operating expenses
Interest payable
Payment guarantee charge
Loss on foreign exchange
OthersTotal non-operating expenses
Ordinary profit
Special profits
Gain on sales of fixed assets
Compensation for transfer of property(in million yen)Previous Second Quarter
Current Second Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2011 to(From April 1, 2012 to
September 30, 2011)
September 30, 2012)
52,42956,19047,05850,955
5,371
5,235
4,832
4,919
539
316
9
93
84
36
224

7
97
93
25
224

79
10
193
21
304
458

80
8
60
9
158
381

27
24
51

－
－
－

1
202
－
203

37
185
2
226

Quarterly net income before income taxes and otheradjustment

306

155

Corporate tax, residence tax and business tax
Adjustment amounts such as for corporate taxes

110
190

65
173

Total corporate tax etc.
Quarterly net income or loss (-) before adjustment of
profit and loss of minority interests
Minority interests in income

300

239

6

-84

4
1

27
-111

Total special profits
Special losses
Loss on retirement of fixed assets
Evaluation loss on investments in securities
Golf club membership appraisal loss
Total special losses

Quarterly net loss (-)-6-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

(Quarterly Consolidated comprehensive income statement)(Second Quarter Consolidated Cumulative Period)(in million yen)
Current Second Quarter
Consolidated Cumulative Period(From April 1, 2012 to
September 30, 2012)

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2011 to
September 30, 2011)
Quarterly net income or loss (-) before adjustment of
profit and loss of minority interests
Other comprehensive profit
Evaluation difference of other securities
Currency translation adjustment accountTotal other comprehensive profit
Quarterly comprehensive profit(Particulars)
Quarterly comprehensive profit pertaining toparent company shareholders
Quarterly Comprehensive profit pertaining tominority shareholders

-7-

6

-84

178
-8
170
176

76
0
77
-6

174

-34

2

27

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

(3) Quarterly Consolidated Statement of Cash Flows

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2011 to
September 30, 2011)(in million yen)
Current Second Consolidated
Cumulative Period(From April 1, 2012 to
September 30, 2012)

306

155

217

199

-257

-10

-58

-41

-102
79

-105
80

202

185

-27

－

-24
1
－

－
37
2

3,757

10,746

-479

-400

323

180

-315

-372

-5,991-8,410

1,025

393

712

-356

-7

-12

-638
102
-81

2,272
105
-78

543

-442

-73

1,856

-49
49
-73
87
-232
2
-45
30
-230

-49
49
-276
－
-2
2
-49
110
-215

Cash flow on sales activities
Quarterly net income before income taxes andother adjustment
Depression expenses
Increased or decreased amount of allowance forbad debts (“-” represents decrease.)
Increased or decreased in reserves for retirement
benefits (“-” represents decrease.)
Interest and dividends received
Interest paid
Profit or loss on appraisal of investments insecurities (“-” represents profit.)
Profit or loss on sales of fixed assets(“-” represents profit.)
Compensation for transfer of property
Loss on retirement of fixed assets
Golf club membership appraisal loss
Increased or decreased amount of sales credit(“-” represents increase.)
Increased or decreased amount of incomplete work
expenditures (“-” represents increase.)
Increased or decreased in other current assets(“-” represents increase.)
Increased or decreased in other fixed assets(“-” represents increase.)

Increased or decreased amount of procurement
credits (“-” represents decrease.)
Increased or decreased amount of incomplete work
received amount (“-” represents decrease.)
Increased or decreased in other current liabilities(“-” represents decrease.)
Increased or decreased in other fixed liabilities(“-” represents decrease.)
Sub-total
Received amount of interests and dividends
Paid interest amountPaid or refund amount of corporate tax etc.
（“-” represents paid）
Cash flow on sales activities
Cash flow on investment activities
Expenditures by acquiring of securities
Revenue by sales or redemption of securities
Expenditures by acquiring of tangible fixed assets
Revenue by sales of tangible fixed assets
Expenditures by acquiring of investment securities
Revenue from loans receivable
Expenditures by acquiring of other fixed assets
Revenue by sales of other fixed assets
Cash flow on investment activities-8-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2011 to
September 30, 2011)(in million yen)
Current Second Quarter
Consolidated Cumulative Period(From April 1, 2012 to
September 30, 2012)15,820-15,920
1,300-1,067-2-357

14,880-15,480800-1,092
-2
-357

-227

-1,251

-225

-57

-756

332

Balance of cash and cash equivalents at the beginningof period

23,911

22,635

Balance of cash and cash equivalents at the end of thequarterly period

23,15422,968Cash flow on financial activities
Revenue by short-term loans
Expenditures by repayment of short-term loans
Revenue by long-term loans
Expenditures by repayment of long-term loans
Expenditures by acquiring of treasury stock
Paid amount of dividends
Cash flow on financial activities
Translation difference relating to cash and cash
equivalents
Increased or decreased amount of cash and cash
equivalents (“-” represents decrease.)-9-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2013

(4) Notes to Going Concern Assumption
None(5) Notes in Case of Significant Changes in the Amount of Shareholders’ Equity
None
4. Supplementary Information
Divisional amount of work orders received, completed works, and works carried over (consolidated)(in million yen)Previous Second Quarter
Consolidated Cumulative
periodCurrent Second Quarter
Consolidated Cumulative
PeriodPrevious consolidated
accounting year

(From April 1, 2011
to September 30, 2011)(From April 1, 2012
to September 30, 2012

(From April 1, 2011 toMarch 31, 2012)

Amount of works carriedoverAmount of completed
works

Amount of work orders
received

AmountComponent
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

11,93622.1

11,41418.0

23,195

19.5

Air-conditioning work

30,68756.8

38,25960.4

68,541

57.4

Plumbing/sanitation

11,381

21.1

13,725

21.6

27,496

23.1

Total

54,004100.0

63,399100.0

119,233

100.0（Renewal work）

33,45962.0

29,702

46.9

66,916

56.1（Overseas work）

5,412

10.0

3,430

5.4

10,407

8.7

Electrical work

9,105

17.4

12,36122.0

21,72917.8

Air-conditioning work

32,58062.1

32,35457.6

75,85862.1

Plumbing/sanitation

10,743

20.5

11,47420.4

24,521

20.1

Total

52,429100.0

56,190100.0122,109

100.0（Renewal work）

24,96347.6

30,061

53.5

62,894

51.5（Overseas work）

2,913

5.6

4,408

7.9

7,169

5.9

Electrical work

12,93315.0

10,621

12.0

11,56714.2

Air-conditioning work

53,16561.7

53,64760.3

47,742

58.4

Plumbing/sanitation

20,05823.3

24,64627.7

22,396

27.4

Total

86,157100.0

88,915100.0

81,706100.0（Renewal work）

29,671

34.4

24,83627.9

25,196

30.8（Overseas work）

3,918

4.6

3,679

4.1

4,657

5.7

- 10 -