Brief Report on the First Quarter Financial Statements for the Period Ending March 2013
[Japanese Standard] (Consolidated)
August. 9, 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: August 10, 2012
Date scheduled for dividend payment commencement: ─
Yes or no of preparation of quarterly settlement supplementary explanation data: No
Yes or no of holding of quarterly settlement explanation meeting: No

Tel. : 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 2013 (From April 1, 2012 to June 30, 2012)(1) Consolidated management performance(Cumulative total)(Percentage indications represent the changes from the same quarter period of the previous accounting year.)

Sales amountOperating profit

Million yen
25,285
21,772First quarter of the period ending March 2013
First quarter of the period ending March 2012

%
16.1
3.1

Million yen
-331
-629

Ordinary profit%――

Million yen
-290
-507

Quarterly net income%――

Million yen
-426
-480

%
―
―

(Reference) Comprehensive income: First quarter of the period ending March 2013 -441 million yen (– %), First quarter of the period ending March 2012 -412
million yen (– %)Quarterly net income pershare (basic)
YenFirst quarter of the period ending March 2013
First quarter of the period ending March 2012

Quarterly net income pershare (diluted)

Sen
-9.56
-10.76

Yen

Sen

―
―

(2) Consolidated financial condition
Total assets

Net assets

Shareholders capital rate

Net assets per share

Million yen
Million yen%
First quarter of the period ending March 2013
97,692
41,39742.3
Period ended March 2012
103,345
42,197
40.8(Reference) Equity capital:
First quarter of the period ending March 2013 41,306 Million yen,
Period ending March 2012 42,123 Million yen

Yen Sen925.31
943.57

2. Dividend status
Annual Dividends
End of first quarter
Yen
Period ending March 2012―

Period ending March 2013―

End of second quarter
Sen

Yen

Period ending March 2013 (Forecast)End of third quarter

Sen

Yen

Period end

Sen

Yen

Through year
Sen

Yen

Sen

8.00

―

8.00

16.00

8.00

―

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 2013 (From April 1, 2012 to March 31, 2013)(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 consolidated cumulative period.)

Sales amountSecond quarter(cumulative)
Total period

Operating profit

Million yen%

58,500121,000

Ordinary profit

Million yen

%

11.6

750

-0.9

3,000

Current net profit
%

39.1

750

63.5

300

―

6.72

11.4

3,000

9.6

1,500

27.6

33.60

(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference)(1) Estimated amount of work order received [End of second quarter (Cumulative total)]: 60,500 Million yen(2) Estimated amount of work order received [full year]: 121,000 Million yen

Million yen

Current net earnings per share

Million yen

%

Yen

Sen

* 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
and Revisions 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)First quarter of period ending
March 2013
First quarter of period ending
March 2013
First quarter of period ending
March 2013

45,963,803 shares

Period ending March 2012

45,963,803 shares

1,322,817 shares

Period ending March 2012

1,321,248 shares

44,641,504 sharesFirst quarter of period ending
March 2012

44,682,270 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 Consolidated
Business Performance Etc. (3) Qualitative Information on Consolidated Earnings Forecast” on page 2.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2013 (From April 1, 2012 to March 31, 2013)(Percentage indications show increase or decrease from the previous period for total period.)

Sales amountSecond Quarter(cumulative)
Total period

Operating profit

Ordinary profit

Current net profit

Current net earnings per share

Million yen%

Million yen%

Million yen%

Million yen%

58,000

11.6

750

40.2

750

83.0

300

－

6 .72

120,000

-0.3

3,000

14.1

3,000

12.8

1,500

31.3

33 .60(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference)(1) Estimated amount of work order received [End of second quarter (Cumulative total)]: 60,000 Million yen(2) Estimated amount of work order received [full year]: 120,000 Million yen

Yen

Sen

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

○ Contents of Information
1. Qualitative Information on Current Quarter Consolidated Business Performance Etc ................... 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 (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. 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
First Quarter Consolidated Cumulative Period ............................................................................................... 6
Quarterly Consolidated comprehensive income statement
First Quarter Consolidated Cumulative Period ................................................................................................. 7(3) Notes to Going Concern Assumption .............................................................................................................. 8(4) Notes in Case of Significant Changes in the Amount of Shareholders’ Equity............................................... 8

4. Supplementary Information ............................................................................................................. 8
Divisional amount of work orders received, completed works, and works carried over (consolidated) ................. 8-1-

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

1. Qualitative Information on Current Quarter Consolidated Business Performance Etc.
(1) Qualitative Information on Consolidated Business Results
Japan’s economy in the current first quarter consolidated cumulative period remained unpredictable because ofconcerns over power shortage due to operation curtailment at nuclear power plants in addition to low stock prices
against the background of European debt problems, foreign exchange rates turning to another strong yen, etc.
despite a mild recovery of production activities, corporate revenues, etc.
In the construction industry, order taking environments continued severe because of factors including thepersistent sense of equipment excess despite signs of feeble recovery seen in private sector equipment
investments.
Under these circumstances, we tackled taking orders and ensuring profits under the mid-term business plan
“DAI-DAN Challenging the New Age.” As a result, business results for the current first quarter consolidated
cumulative period were as follows:
Amount of work orders received was 29,134 million yen (up 3,299 million yen from the year-earlier same period)
despite the severe order taking environments.
Amount of completed work was 25,285 million yen (up 3,513 million yen from the year-earlier same period)
because of the effect of the amount of work orders received increase etc.
Completed work gross profit was 2,245 million yen (up 302 million yen from the year-earlier same period)
because of the amount of completed work increase.
Operating loss was 331 million yen (down 297 million yen from the year-earlier same period) because of thecompleted work gross profit increase.
Ordinary loss was 290 million yen (down 217 million yen from the year-earlier same period) because of theoperating loss decrease despite exchange loss of 83 million yen (up 82 million yen from the year-earlier same
period).
Quarterly net loss after deduction for corporate tax, resident tax, business tax, adjustment for corporate tax etc.,
and minority interests in income was 426 million yen (down 54 million yen from the year-earlier same period)
because of the ordinary loss decrease despite investment securities appraisal loss of 210 million yen (up 73
million yen from the year-earlier same period).
(2) Qualitative Information on Consolidated Financial State(Assets)
Current assets at the end of the current first quarter consolidated accounting period were 78,151 million yen(down 5,603 million yen from the end of the previous consolidated accounting year) mainly because decrease(13,221 million yen) etc. in bills receivable and completed work accounts receivable exceeded increase (8,024
million yen) etc. in cash and deposits. Fixed assets were 19,541 million yen (down 49 million yen from the end of
the previous consolidated accounting year) mainly because decrease (38 million yen) in intangible fixed assets,
decrease (269 million yen) etc. in investment securities exceeded increase (83 million yen) in tangible fixed assets,
increase (208 million yen) etc. in prepaid pension expense.
As a result, total assets were 97,692 million yen (down 5,652 million yen from the end of the previous
consolidated accounting year).
(Liabilities)
Total current liabilities at the end of the current first quarter consolidated accounting period were 52,836
million yen (down 4,531 million yen from the end of the previous consolidated accounting year) mainly because
decrease (6,101 million yen) etc. in notes payable and work accounts payable exceeded increase (1,255 million
yen) etc. in incompleted work accounts received. Fixed liabilities were 3,458 million yen (down 321 million yen
from the end of the previous consolidated accounting year) mainly because of decrease (325 million yen) etc. in
long-term loans payable.
As a result, total liabilities were 56,294 million yen (down 4,853 million yen from the end of the previous
consolidated accounting year).
(Net Assets)
Total net assets at the end of the current first quarter consolidated accounting period were 41,397 million yen(down 799 million yen from the end of the previous consolidated accounting year) mainly because of quarterly net
loss posting (426 million yen), surplus distribution (357 million yen), etc.
As a result, net worth ratio was 42.3% (vs. 40.8% at the end of the previous consolidated accounting year).

-2-

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

(3) Qualitative Information on Consolidated Earnings Forecast
Business result forecast for the second quarter consolidated cumulative period and full period published on May
9, 2012 remains unchanged.

2. Items concerning Summary Information (Annotations)(1) Changes in major subsidiaries in the current quarter consolidated cumulative period
No applicable items.
(2) Application of particular accounting to the preparation of quarter consolidated financial statements
No applicable items.
(3) Changes in accounting policies, changes in accounting estimates, revision redisplay
Changes in Accounting Policies(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 First Quarter Financial Statements for the Period Ending March 2013

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet
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
Deferred tax assets
Prepaid pension costs
OthersAllowance for bad debts
Total investments and other assets
Total fixed assets
Total assets-4-(in million yen)
Current First Quarter
Consolidated Accounting Period(June 30, 2012)

22,66330,68757,434

44,213

99
466
0
1,228
1,867
-6

99
775
0
1,408
970
-4

83,75478,151

3,267
590

3,351
552

8,118
−
5,929
2,497
-814

7,849
2
6,138
2,476
-828

15,731
19,59015,63819,541

103,345

97,692

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

(in million yen)
Current First Quarter Consolidated
Accounting Period(June 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

35,133
6,519
48
3,660
604
21
196
960
5,691

57,367

52,836

1,623
1,433
220
433
5
63
0

1,297
1,407
220
424
4
103
0

3,780

3,458

61,14856,2944,479
4,809
32,889
-647

4,479
4,809
32,105-647

41,53140,747

Accumulated other comprehensive profit
Evaluation difference of other securities
Currency translation adjustment account

564
27

525
33

Total accumulated other comprehensive profit
Minority interest equity

591
73

559
91

42,19741,397103,345

97,692

Total current liabilities
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
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Earned surplus
Treasury stock
Total shareholders’ equity

Total net assets
Total liabilities and net assets-5-DAI-DAN Co., Ltd. (1980), Brief Report on the First 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)(First Quarter Consolidated Cumulative Period)

Completed work amountCompleted work costCompleted work gross profit
Selling expenses and general administrative expenses
Operating loss (-)
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 loss (-)
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 before income taxes (-)
Corporate tax, residence tax and business tax
Adjustment amounts such as for corporate taxes
Total corporate tax, etc.
Quarterly net loss before adjustment of profit and lossof minority interests (-)
Minority interests in income
Quarterly net loss (-)(in million yen)Previous First Quarter
Current First Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2011 to(From April 1, 2012 toJune 30, 2011)
June 30, 2012)
21,77225,28523,04019,829
1,942
2,245
2,577
2,572
-629
-331

-6-

3
87
82
10
184

3
86
76
11
177

39
2
1
20
62
-507

38
6
83
7
136
-290

0
136
−
136
-644
23
-186
-163
-480

6
210
1
218
-508
29
-121
-91
-416

0
-480

10
-426

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

(Quarterly Consolidated comprehensive income statement)(First Quarter Consolidated Cumulative Period)

Loss before 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(in million yen)Previous First Quarter
Current First Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2011 to(From April 1, 2012 toJune 30, 2011)
June 30, 2012)
-480
-416

-7-

78
-9
68
-412

-38
13
-25
-441

-413

-458

1

17

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

(3) Notes to Going Concern Assumption
None(4) 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 First Quarter
Consolidated Cumulative
PeriodCurrent First Quarter
Consolidated Cumulative
PeriodPrevious Consolidated
Accounting Year

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

5,137

19.9

6,106

21.0

23,195

19.5

Air-conditioning work

14,035

54.3

16,58356.9

68,541

57.4

Plumbing/sanitation

6,662

25.8

6,443

22.1

27,496

23.1

Total

25,834100.0

29,134100.0

119,233

100.0（Renewal work）

15,44359.8

14,39449.4

66,916

56.1（Overseas work）

2,746

10.6

2,828

9.7

10,407

8.7

Electrical work

3,483

16.0

5,367

21.2

21,72917.8

Air-conditioning work

14,02464.4

15,30960.6

75,85862.1

Plumbing/sanitation

4,264

19.6

4,609

18.2

24,521

20.1

Total

21,772100.0

25,285100.0

122,109

100.0（Renewal work）

9,957

45.7

13,55753.6

62,894

51.5（Overseas work）

877

4.0

2,067

8.2

7,169

5.9

Electrical work

11,755

13.3

12,30714.4

11,56714.2

Air-conditioning work

55,06962.1

49,01657.3

47,742

58.4

Plumbing/sanitation

21,81924.6

24,231

28.3

22,396

27.4

Total

88,644100.0

85,555100.0

81,706100.0（Renewal work）

26,66030.1

26,03330.4

25,196

30.8（Overseas work）

3,289

3.7

5,418

6.3

4,657

5.7

-8-