Brief Report on the Second Quarter Financial Statements for the Period Ending March, 2015
[Japanese Standard] (Consolidated)
November 6, 2014
Listed Shares Exchanges:
Tokyo Stock Exchange 1st section

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

Representative of Company: Shohei KITANO, 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
Date scheduled to submit Quarterly report:
November 7, 2014
Date scheduled for dividend payment commencement:
December 1, 2014
Creating supplements to the financial statement:
None
Holding a briefing sessions on the financial statement:
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 2015 (From April 1, 2014 to September 30, 2014)(1) Consolidated management performance (Cumulative total)(Percentage indications show increase or decrease from the previous period.)

Net sales

Operating income

Ordinary income

Net income

Million yen%

Million yen%

Million yen%

Million yen%

Second quarter of the period ending March 2015

54,639

- 1.9

1,585

57.2

1,772

47.2

930

199.8

Second quarter of the period ending March 2014

55,701

- 0.9

1,008

219.1

1,204

215.8

310

―

(Note) Comprehensive income: Second quarter of the period ending March 2015 1,642 million yen (- 13.0 %)Second quarter of the period ending March 2014 1,888 million yen (– %)Net income per share after
making potential shareadjustments

Net income per share
Yen

Sen

Yen

Sen

Second quarter of the period ending March 2015

20.87

―

Second quarter of the period ending March 2014

6.96

―

(2) Consolidated financial position
Total assets
Second quarter of the period ending March 2015

Net assets

Net assets per share

Million yen%

102,01147,27646.2

Period ending March 2014

111,347
Second quarter of the period ending March 2015 47,083 million yen,

(Reference) Equity capital:

Equity capital ratio

Million yen

Yen

Sen

1,055.54

46,60941.7
Period ending March 2014 46,420 million yen

1,040.67

2. Dividend status
Annual Dividends
End of first quarter
Yen

End of second quarter
Sen

Yen

End of third quarter

Sen

Period ending March 2014

―

8.00

Period ending March 2015

―

8.00

Yen

Period end

Sen

Period ending March 2015 (Forecast)Yen

Through year
Sen

Yen

Sen

―

8.00

16.00

―

8.00

16.00

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

3. Estimate of consolidated performance for the period ending March 2015 (From April 1, 2014 to March 31, 2015)(Percentage figures represent increase or decrease from the previous accounting year.)Net sales
Total period

Operating income

Ordinary income

Net income

Net income per share

Million yen%

Million yen%

Million yen%

Million yen%

123,000

- 1.2

4,000

- 4.1

4,000

- 10.5

2,200

31.7

(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference) Estimated net sales of construction contract orders (Total period) 123,000 million yen

Yen

Sen
49.32

* Annotations(1) Changes in key subsidiaries 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) Changes in accounting policies, changes in accounting estimates, revision redisplay
 Changes in accounting policies due to revision of accounting standards etc.: Yes
 Changes in accounting policies other than : None
Changes in accounting estimates: None
Revision redisplay: None
(Note) Refer to (3) Changes in Accounting Policies, Changes in Accounting Estimates, and Revision Redisplay in 2. Items Concerning Summary
Information (Annotation) in attached document on page 3 for detail.
(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
March 2015
Second quarter of period ending
March 2015
Second quarter of period ending
March 2015

Period ending March 2014

45,963,803 shares

1,358,127 shares

Period ending March 2014

1,357,727 shares

44,606,550 shares

Second quarter of period ending
March 2014

44,611,867 shares

45,963,803 shares* Display Concerning State of Quarter Review Procedure Implementation
Quarter report review under the Financial Instruments and Exchange Act is implemented at the time of disclosure of this quarter settlement brief statement.
* Explanation 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 BusinessSettlement, (3) Explanation about Future Estimate Information such as Consolidated Earnings Forecasts” on page 3.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2015 (From April 1, 2014 to March 31, 2015)(Percentage figures represent increase or decrease from the previous accounting year.)Net sales
Total period

Operating income

Ordinary income

Net income

Net income per share

Million yen%

Million yen%

Million yen%

Million yen%

122,000

- 0.8

4,000

- 1.5

4,000

- 8.2

2,200

37.5

(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference)Estimated net sales of construction contract orders (Total period) 122,000 Million yen

Yen

Sen
49 .32

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

○ Contents of Information
1. Qualitative Information on Current Quarter Business Settlement ................................................... 2(1) Explanation about Operating Results ............................................................................................................... 2(2) Explanation about Financial Positions ............................................................................................................. 2(3) Explanation about Future Estimate Information such as Consolidated Earnings Forecasts ............................ 3

2. Items Concerning Summary Information (Annotation) ................................................................... 3(1) Changes in Major Subsidiaries in the Current Quarter Consolidated Cumulative Period ............................... 3(2) Application of Particular Accounting to the Preparation of Quarter Consolidated Financial Statements ....... 3(3) Changes in Accounting Policies, Changes in Accounting Estimates, Revision Redisplay .............................. 3

3. Consolidated Financial Statements .................................................................................................. 4(1) Consolidated Balance Sheets ........................................................................................................................... 4(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income ........................... 6
Consolidated Income Statements
Second Quarter Consolidated Cumulative Period ....................................................................................... 6
Consolidated Statements of Comprehensive Income
Second Quarter Consolidated Cumulative Period ......................................................................................... 7(3) Consolidated Statement of Cash Flows............................................................................................................ 8(4) Annotation Items Concerning Quarterly Consolidated Financial Statements ................................................ 10(Notes to Going Concern Assumption) .......................................................................................................... 10(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) .......................................... 10

4. Supplementary Information ........................................................................................................... 10
Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted
construction contracts (consolidated)..................................................................................................................................... 10-1-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

1. Qualitative Information on Current Quarter Business Settlement(1) Explanation about Operating Results
Although the sign of rebounding was partly seen in the Japanese economy during the current second quarter
consolidated accounting period, such as the mitigation of the impact of reactionary decline of the general
economy caused by the raising of consumption tax, the tempo of the rebounding was slow and the economy could
not achieve an authentic recovery.
In the construction industry, although the recovery of private equipment investment had been expected by the
improving tendency of corporate profits in addition to the increasing necessity of renewals of existing obsolete
facilities, the business transited sluggishly driven by the decrease of domestic demand after the tax increase.
Under the circumstances, as a result of that we tackled the securing of orders to be received and profit based upon
our mid-term management plan “Dai-Dan to Challenge a New Era,” our achievements during the current second
quarter consolidated accounting period were as follows.
Net sales of construction contract orders received amounted to 74,120 million yen which increased from that of
the same consolidated quarter of the previous year by 11,814 million yen.
Though the net sales of construction contract orders received was solid, the progress of constructions on hand was
not smooth and the net sales of completed construction contracts decreased to 54,639 million yen which was adecrease from that of the same consolidated quarter of the previous year by 1,062 million yen.
Though the net sales of completed construction contracts decreased, by the improvement in gross profit margin ofcompleted construction contracts, the gross profit on completed construction contracts increased by 681 million yen to
6,619 million yen.
Thanks to the increase of the gross profit of completed construction contracts, the operating income amounted to1,585 million yen which increased from that of the same consolidated quarter of the previous year by 576 million
yen.
Although the foreign exchange gains amounted to 40 million yen which decreased from that of the same
consolidated quarter of the previous year by 28 million yen, owing to the increase of the operating income, theordinary income amounted to 1,772 million yen which increased from that of the same consolidated quarter of theprevious year by 568 million yen.
In regard to the net income, because we were prosecuted by the Tokyo District Public Prosecutors Office on
March 4, 2014 on suspicion that we violated the antimonopoly law as to the bidding on the facilities’ constructionof Hokuriku Shinkansen, we reviewed the amount of loss that might happen after the prosecution, and allocatedthe provision of loss reserve related to antimonopoly law of 113 million yen, but thanks to the increase of theordinary income, the net income amounted to 930 million yen which increased from that of the same quarter ofthe previous consolidated accounting year by 620 million yen.
(2) Explanation about Financial Positions(Assets)
Current assets at the end of the current second quarter consolidated accounting period decreased by 9,755
million yen from the end of the previous consolidated accounting year to 75,968 million yen, primarily because
decreases in notes receivable and accounts receivable from completed construction contracts (14,655 million yen)etc. surpassed an increase in cash and deposits (3,692 million yen) and an increase of payment of uncompleted
construction contracts (807 million yen). Noncurrent assets amounted to 26,042 million yen, increasing from thatof the end of the previous consolidated accounting year by 419 million yen, primarily because the increase ofinvestment securities (1,039 million yen) etc. surpassed the decrease in net defined benefit asset (610 million yen)etc.
As a result, total assets decreased by 9,336 million yen from the end of the previous consolidated accounting
year to 102,011 million yen.
(Liabilities)
Current liabilities at the end of the current second quarter consolidated accounting period decreased by 10,319
million yen from the end of the previous consolidated accounting year to 48,220 million yen, primarily because of
decreases in notes payable, accounts payable for completed construction contracts (8,262 million yen), in income
taxes payable (802 million yen) and in the decrease in advances received on uncompleted construction contracts (476
million yen) etc.
Fixed liabilities increased by 316 million yen from the end of the previous consolidated accounting year to
6,514 million yen, primarily because of the increases in long-term loans payable (137 million yen), in deferred tax
liabilities (116 million yen) and in liabilities related to retirement allowance (67 million yen).
As a result, total liabilities decreased by 10,002 million yen from the end of the previous consolidated
accounting year to 54,734 million yen.
(Net Assets)
Net assets at the end of the current second quarter consolidated accounting year increased by 666 million yen-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

from the end of the previous consolidated accounting year to 47,276 million yen, primarily because net income(930 million yen) was accounted and the increase in valuation difference on available-for-sale securities (667
million yen) etc. surpassed the decrease in retained earnings (618 million yen) resulting from adjustment at the
beginning of the period due to the adoption of accounting standard for retirement benefits and the payment ofdividends (356 million yen).
As a result, equity ratio came to 46.2% (41.7% at the end of the previous consolidated accounting year).
Situation of cash flow: Cash and cash equivalents (hereinafter called “funds”) during the current second quarter
consolidated accounting period increased by 3,692 million yen from the end of the previous consolidated
accounting year to 28,291 million yen. The situations of cash flow during the current second quarter consolidated
accounting period and their factors are as follows.
(Cash flow caused by sales activities)
As a result of sales activities, the increased funds reached 3,965 million yen (increase of 372 million yen
compared with the same quarter of the previous consolidated accounting year), primarily because increasing
factors of the funds such as the allocation of income before income taxes and the decrease in notes and accounts
receivable-trade etc. surpassed the decreasing factors of the funds such as the increase in payment of uncompleted
construction contracts, the decreases in notes and accounts payable-trade and in advances received on uncompleted
construction contracts, and income taxes paid.
(Cash flow caused by investment activities)
As a result of investment activities, decreased funds reached 190 million yen (decrease of the funds by 78
million yen from the same quarter of the previous consolidated accounting year), primarily because of thePurchase of property, plant and equipment and expenditures by acquiring of other noncurrent assets.
(Cash flow caused by financial activities)
As a result of financial activities, decreased funds reached 115 million yen (decrease of 855 million yen
compared with the same quarter of the previous consolidated accounting year). The main factor was that thedecrease in short-term loans payable, repayment of long-term loans payable and cash dividends paid surpassed theincrease in short-terms loans payable and proceeds from long-term loans payable.
(3) Explanation about Future Estimate Information such as Consolidated Earnings Forecasts
Business result forecast to the second quarter consolidated accounting period and full period published on May
8, 2014 remains unchanged.

2. Items Concerning Summary Information (Annotations)(1) Changes in Major Subsidiaries in the Current Quarter Consolidated Cumulative PeriodNone(2) Application of Particular Accounting to the Preparation of Quarter Consolidated Financial Statements
None(3) Changes in Accounting Policies, Changes in Accounting Estimates, Revision Redisplay(Adoption of accounting standard for retirement benefits)
Concomitant with the “Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26 May 17, 2012,
hereinafter referred to as the “Accounting Standard for Retirement Benefits”) and Guidance on AccountingStandard for Retirement Benefits (ASBJ Guidance No. 25 May 17, 2012, hereinafter referred to as the “Guidanceon Retirement Benefits”), the Company Group has applied the regulations stipulated under Article No. 35 of the
Accounting Standard for Retirement Benefits and Article No. 67 of the Guidance on Retirement Benefits from thecurrent first quarter consolidated accounting period. Under the new standards, the method of calculating
retirement benefit obligations and service cost is revised, with the method of determining the discount rate revised
from the average number of remaining service years of employees to a single weighted average discount rate
reflecting the estimated timing and amount of benefit payment.
In regard to the adoption of the Accounting Standard for Retirement Benefits, the Company Group follows thetransitional measure stipulated under Article No. 37 of the Accounting Standard for Retirement Benefits, and theamount of financial impact arising from the changes in method of calculating retirement benefit obligations andservice cost is recognized as an adjustment to retained earnings at the beginning of the second quarter
consolidated accounting period.
As a result, net defined benefit liability has increased by 88 million yen from the beginning of the current
second quarter consolidated accounting period, and net defined benefit asset, deferred tax liabilities, and retained
earnings have decreased by 878 million yen, 347 million yen, and 618 million yen, respectively.
The effect on the operating income, ordinary income, and net income before taxes for the current second quarter
consolidated accounting period is minimal.
-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

3. Consolidated Financial Statements(1) Consolidated Balance Sheets
Previous Consolidated
Accounting Year
(March 31, 2014)
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts
Costs on uncompleted construction contracts
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Net defined benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets-4-(in million yen)
Current Second Quarter
Consolidated Accounting Period(September 30, 2014)

24,62657,18928,31842,534

152
0
1,273
2,488
-6
85,724

960
0
1,163
2,995
-4
75,968

3,788
260

3,780
188

13,229
1
6,921
2,086
-665

14,268
1
6,310
1,686
-194

21,57425,62322,072
26,042

111,347

102,011DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

(in million yen)
Current Second Quarter
Consolidated Accounting Period(September 30, 2014)

Previous Consolidated
Accounting Year
(March 31, 2014)
Liabilities
Current liabilities
Notes payable, accounts payable forconstruction contracts
Short-term loans payable
Income taxes payable
Advances received on uncompleted
construction contracts
Provision for bonuses
Provision for directors' bonuses
Provision for warranties for completed
construction
Provision for loss on construction contracts
Loss reserve related to antimonopoly law
OtherTotal current liabilities
Noncurrent liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Provision for environment measures
Provision for overseas investment loss
Long-term accounts payable
Other
Total noncurrent liabilities
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets-5-40,00731,744

5,686
1,381
3,124

5,789
579
2,647

－
－
92

1,413
42
100

130
771
7,346

175
884
4,843

58,53948,220

1,903
2,304
1,398
220
18
352
0

2,041
2,421
1,465
220
13
352
0

6,197

6,514

64,73754,7344,479
4,809
34,597
-666

4,479
4,809
34,553-666

43,221

43,176

3,690

4,357

68
-559

55
-507

3,199

3,906

189

193

46,609111,347

47,276
102,011DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income(Consolidated Income Statements)(Second Quarter Consolidated Cumulative Period)

Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Insurance fee
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Other

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2013 to
September 30, 2013)
55,701
49,764
5,937
4,929
1,008

(in million yen)
Current Second Quarter
Consolidated Cumulative Period(From April 1, 2014 toSeptember 30, 2014)
54,63948,020
6,619
5,034
1,585

8
107
82
68
25
293

7
118
96
40
18
281

75
12
9

82
3
8

97
1,204

93
1,772

Extraordinary income
Gain on sales of noncurrent assets－

1

Total extraordinary income

－

1

－
0
57
1
－

5
10
5
0
113

345
404

－
136

Income before income taxes

800

1,637

Income taxes-current
Income taxes-deferred

212
251

537
160

Total income taxes

463

697

Income before minority interests

336

939

Minority interests in income

26

8

Net income

310

930

Total non-operating expenses
Ordinary income

Extraordinary loss
Impairment loss
Loss on retirement 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 for loss on litigation
Total extraordinary loss

-6-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

(Consolidated Statements of Comprehensive Income)(Second Quarter Consolidated Cumulative Period)

Income before minority interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
before tax

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2013 to
September 30, 2013)
336

Total other comprehensive income
Comprehensive income(Particulars)
Comprehensive income attributable to ownersof parent
Comprehensive income attributable to minority
interests-7-(in million yen)
Current Second Quarter
Consolidated Cumulative Period(From April 1, 2014 toSeptember 30, 2014)
939

1,510

667

41
－

-17
52

1,552
1,888

702
1,642

1,847

1,638

41

4

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

(3) Consolidated Statement of Cash Flows

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2013 to
September 30, 2013)
Net cash provided by (used in) operating activities
Income before income taxes
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 loss on
litigation
Increase (decrease) in provision for overseas
investment loss
Interest and dividends income
Interest expenses
Loss (gain) on valuation of investment securities
Loss (gain) on sales of noncurrent assets
Impairment loss
Increase (decrease) in loss reserve related toantimonopoly law
Loss on retirement of noncurrent assets
Loss on valuation of golf club memberships
Decrease (increase) in notes and accounts
receivable-trade
Decrease (increase) in costs on uncompleted
construction contracts
Decrease (increase) in other current assets
Decrease (increase) in other noncurrent assets
Increase (increase) 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
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Proceeds from sales and redemption of securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Purchase of investment securities
Payments of loans receivableCollection of loans receivable
Expenditures by acquiring of other noncurrent
assets-8-(in million yen)
Current Second Quarter
Consolidated Cumulative Period(From April 1, 2014 toSeptember 30, 2014)

800
214
20

1,637
181
-473

-46

－

－

-12

336

－

－

-5

-116
75
57
－
－
－

-125
82
5
-1
5
113

0
1
6,246

10
0
15,126

-592

-807

-67
-455
－
-6,683-554－-193-8,262

958

-476

320
-2
1,068
116
-75
-736
372

-995
－
5,254
125
-83
-1,332
3,965

49
-107
－

－
-98
3

-7
-1
2
-31

-2
－
1
-118

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2013 to
September 30, 2013)17-78

Current Second Quarter
Consolidated Cumulative Period(From April 1, 2014 toSeptember 30, 2014)
23-190

16,520-17,120
1,300-1,061-3－-490

18,120-18,220
1,400-1,058-1
0-356

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents

-855
78

-115
32

Net increase (decrease) in cash and cash equivalents

-482

3,692

Cash and cash equivalents at beginning of period

22,42024,598

Balance of cash and cash equivalents at end of thequarterly period

21,93728,291

Revenue by sales of other noncurrent assets
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Increase in short-term loans payable
Decrease in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Purchase of treasury stock
Proceeds from sales of treasury stock
Cash dividends paid

-9-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2015

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

4. Supplementary Information

Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted
construction contracts (consolidated)(in million yen)Previous Second Quarter
Consolidated Cumulative
PeriodCurrent Second Quarter
Consolidated Cumulative
PeriodPrevious Consolidated
Accounting Year

(From April 1, 2013
to September 30, 2013)(From April 1, 2014
to September 30, 2014)(From April 1, 2013 toMarch 31, 2014)

Net sales of construction contract
orders received

AmountElectrical equipment

Net sales of completed
construction contracts

AmountComponent
ratio %

AmountComponent
ratio %

11,54518.5

17,99824.3

28,80822.6

38,95362.5

40,14354.2

75,27759.1

Plumbing

11,80619.0

15,97721.5

23,307

18.3

Total

62,305100.0

74,120100.0127,394

100.0(Renovations)

36,541

58.7

34,73846.9

71,595

56.2(Overseas operations)

4,242

6.8

6,077

8.2

10,385

8.2

12,06821.7

10,64519.5

26,52821.3

Air-conditioning

30,97555.6

32,72759.9

71,134

57.2

Plumbing

12,65722.7

11,26620.6

26,783

21.5

Total

55,701

100.0

54,639100.0

124,445

100.0(Renovations)

26,31847.3

27,095

49.6

65,293

52.5(Overseas operations)

2,277

4.1

4,041

7.4

6,237

5.0

10,566

12.2

20,723

20.2

13,37016.2

Air-conditioning

55,75664.6

59,33758.1

51,921

62.7

Plumbing

20,04923.2

22,13621.7

17,425

21.1

Total

86,371

100.0

102,197

100.0

82,716100.0(Renovations)30,58535.4

34,307

33.6

26,664

32.2(Overseas operations)

5,669

6.6

9,888

9.7

7,852

9.5

installations
Air-conditioning
installations

Electrical equipment
installations

Electrical equipment
Net sales of uncompleted
construction contracts

Component
ratio %

installations- 10 -