Brief report on the Financial Statements for the period ending March, 2014
[Japanese Standard] (Consolidated)
May 8, 2014

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

Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Tel. (06) 6447 - 8003
Representative of Company: Shohei KITANO, Representative Director, President and Chief Operating Officer (C.O.O.)
Inquiries to be addressed to: Hirokazu KAWAKUBO, Director, Senior Executive Corporate Officer,
Head of General Administration Division
Date scheduled for ordinary shareholders general meeting convention: June 27, 2014
Date scheduled for asset securities report submission:
June 27, 2014
Date scheduled for dividend payment commencement:
June 30, 2014
Creating supplements to the financial statement
None
Holding a briefing sessions on the financial statement
Yes

Code No.:1980

URL: http://www.daidan.co.jp/(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the period ending March, 2014 (From April 1, 2013 to March 31, 2014)(1) Consolidated management performance
Net sales(Percentage indications show increase or decrease from the previous period.)

Operating income

Ordinary income

Net income

Million yen％
Million yen％
Million yen％
Million yen％
Period ending March 2014
124,445
2.1
4,171
51.7
4,471
36.4
1,670
4.5
Period ending March 2013
121,919
-0.2
2,749
2.1
3,278
19.8
1,599
36.0
(Note) Comprehensive income Period ending March 2014 3,034 Million yen (-13.8%) Period ending March 2013 3,518 Million yen (110.3 %)Net income per shareafter making potential
share adjustments

Net income per share

Yen Sen
Period ending March 201437.45
Period ending March 2013
35.83
(Reference) Investment income or loss on equity method

Yen

Sen

―
―

Total asset vs. ordinary Net sales vs. operating
income ratio
income ratio
%
%
%

3.7
3.7

Period ending March 2014 - Million yen(2) Consolidated financial condition

Total assets

Net assets

4.1
3.1

Equity capital ratio

Million yen%

111,347
106,155

46,60944,98841.7
42.3

Period ending March 2014 46,420 Million yen(3) Consolidated cash flow condition

Cash flows from investing
activities

Million yen

Million yen

3,117
1,261

Period ending March 2013

Net assets per share
Yen Sen

1,040.67
1,005.38

Period ending March 2013 44,856 Million yen

Cash flows fromoperating activities

Period ending March 2014

3.4
2.3

Period ending March 2013 - Million yen

Million yen
Period ending March 2014
Period ending March 2013
(Reference) Equity capital

Equity capital vs.
net income ratio

Cash flows fromfinancing activities

Cash and equivalents at
end of period

Million yen

-172
- 740

Million yen

-892
-955

24,59822,4202. Dividend status
Annual dividends
End of first End of second End of third
Periodquarterquarterquarterend

Throughyear

Yen SenYen SenYen SenYen SenYen Sen

Period ending March 2013
Period ending March 2014――

Period ending March 2015
(Forecast)

―

8.00

―

8.00

16.00

8.00
8.00

―
―

11.00
8.00

19.00
16.00

Total
Dividend Net asset vs.
dividend
trend
dividend ratio(through year) (consolidated) (consolidated)
Million yen

847
713

%

%

53.0
42.7

1.9
1.6

32.4

3. Estimate of consolidated performance for the period ending March 2015 (From April 1, 2014 to March 31, 2015)
Net sales(Percentage indications show increase or decrease from the previous period for total period andfrom the same quarter of the previous year for the 2nd quarter consolidated cumulative period.)
Operating income
Ordinary income
Net income
Net income per share
Mil. yenMil. yen%%Mil. yen%
Yen SenMil. yen%

2nd quarter consolidated
cumulative period

55,500

-0.4

1,200

19.0

1,200

-0.4

660

112.6

14.80

Total period

123,000

-1.2

4,000

-4.1

4,000

-10.5

2,200

31.7

49.32

(Reference) 1. Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 67,200 Million yen
2. Estimated net sales of construction contract orders (Total period)
123,000 Million yen

* Annotations(1) Changes in key subsidiaries in the period (changes in specific subsidiaries requiring changes of consolidation scope)None(2) 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: None
 Revision redisplay: None
(Note) For details, please refer to Attached Data p.14 “4. Consolidated Financial Statements, (5) Annotation Items Concerning
Consolidated Financial Statements (Changes in Accounting Policies).”(3) Number of issued stocks (common stock) Number of issued stocks at the end of period (including treasury stock)
Period ending March 2014 45,963,803 shares
Period ending March 2013 45,963,803 shares Number of treasury stock at the end of period
Period ending March 2014 1,357,727 shares
Period ending March 2013 1,347,546 shares Average numbers of shares in the period
Period ending March 2014 44,609,462 shares
Period ending March 2013 44,634,770 shares(Reference) Outline of individual performance
1. Individual performance during the period ending March 2014 (From April 1, 2013 to March 31, 2014)(Percentage indications show increase or decrease from the previous period.)(1) Individual management performance
Net sales
Operating income
Ordinary income
Net income
Million yen
Period ending March 2014
Period ending March 2013

% Million yen

122,966
120,0852.4-0.3

Net income per share
Yen% Million yen

4,060
2,617

55.1
-0.5

Period ending March 2013

% Million yen

38.9
17.9

%

1,599
1,541

3.8
34.9

Net income per shareafter making
potential shareadjustments

Sen

Yen

35.86
34.53

Period ending March 2014

4,357
3,137

Sen

―
―

(2) Individual financial condition
Total assets
Period ending March 2014
Period ending March 2013
(Reference) Equity capital

Net assets

Equity capital ratio

Net assets per share

Million yen

Million yen%

111,365
105,452

46,64844,623

41.9
42.3

Period ending March 2014 46,648 million yen

Yen

Sen

1,045.79
1,000.17

Period ending March 2013 44,623 million yen

2. Individual performance forecast for the period ending March 2015 (From April 1, 2014 to March 31, 2015)(Percentage indications show increase or decrease from the previous period for total period
and from the same quarter of the previous year for the 2nd quarter cumulative period.)
Net income per
Operating income Ordinary income
Net income
share

Net sales
Mil. yen%Mil. yen%Mil. yen%Mil. yen%

2nd quarter consolidated
cumulative period

55,000

-0.2

1,200

26.6

1,200

5.2

660

128.1

14.80

Total period

122,000

-0.8

4,000

-1.5

4,000

-8.2

2,200

37.5

49.32

Yen

Sen

(Reference) ①Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 66,700 million yen②Estimated net sales of construction contract orders (Total period)
122,000 million yenDisplay concerning state of audit proceeding implementation
Financial statement audit proceeding in accordance with Financial Instruments and Exchange Act is under way at the time of
disclosure of this brief report.



Explanation about adequate use of achievement forecasts and other noteworthy matters
The above forecasts are based on the information available at the time of preparation of this document and the assumption
considered as reasonable.
Consequently, actual results differ materially from forecasts above due to changes in business results. For precautions foruse of the assumptions for theabove forecasts and forecasts of business results, please refer to information in the section “1. Analysis Concerning
Operating Results and Financial Positions (1) Analysis Concerning Operating Results” on page 2.

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

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

1

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

1. Analysis Concerning Operating Results and Financial Positions

We were indicted on March 4, 2014 by the Tokyo District Public Prosecutors Office over alleged antimonopoly
law violations in connection with bid rigging for facility installation projects for the Hokuriku Shinkansenbullet train line. With this indictment, we received the recommendation of the Minister of Land, Infrastructure
and Transport on March 10 and submitted a report to the Minister on April 9 on concrete measures such as legal
compliance in order to develop an internal organizational structure and prevent recurrence.
It is really regrettable that we got into such a situation, and we hereby sincerely apologize to you for muchconvenience and worry caused.
As disclosed in the “Notice of Formulating Recurrence Preventive Measures against the suspicion of
antimonopoly law violations” dated April 9, 2014, we will review the compliance structure and implement therecurrence preventive measures.

(1) Analysis Concerning Operating Results1) Operating Results in the Current Consolidated Accounting Year
The Japanese economy in the current consolidated accounting year showed gradual recovery in the corporate
earnings thanks to a recovery in production activities centering on the manufacturing industry supported by
an upward trend of overseas economy driven by developed countries and improvement in export costs as aresult of weakening yen in addition to growth in consumer spending by improvement in employment andincome situations.
In the construction industry, private capital investment showed a sign of a pickup with the recovery incorporate earnings, but companies still maintained a cautious stance to their capital investment. As a result,
there was not a full recovery in the Japanese economy.
Under these circumstances, we have been working to secure orders and incomes in accordance with the
mid-term business plan “Dai-Dan to Challenge a New Era,” and achieved the following operating results inthe current consolidated accounting year.
Net sales of construction contract orders received, despite the severe order taking environments, increased
by 7,413 million yen over the previous consolidated accounting year to 127,394 million yen.
Net sales of completed construction contracts increased by 2,525 million yen over the previous consolidated
accounting year to 124,445 million yen partly because of the increase in the net sales of construction
contract orders received.
Gross profit of completed construction contracts increased by 1,395 million yen over the previous
consolidated accounting year to 14,137 million yen because of improvement in gross profit margin ofcompleted construction contracts in addition to the increase in net sales of completed construction contracts
Operating income increased by 1,421 million yen over the previous consolidated accounting year to 4,171
million yen due to the increase in the gross profit of completed construction contracts.
Ordinary income increased by 1,192 million yen over the previous consolidated accounting year to 4,471
million yen because of the increase in the operating income, although foreign exchange gains reduced by
228 million yen over the previous consolidated accounting year.
Net income increased by 71 million yen to 1,670 million yen as a result of posting provision of loss reserve
related to antimonopoly law of 771 million yen and that for loss on overseas investment of 17 million yen as
extraordinary loss, and deducting income taxes-current, income taxes-deferred, and minority interests inincome.
The provision of loss reserve related to antimonopoly law of 771 million yen was reasonably estimated toprepare for the payment of surcharges, etc. due to antimonopoly law violations.
Although the provision for loss on litigation of 345 million yen was posted for the second and third quarter
consolidated cumulative period, the posting of the said provision was eliminated in the current consolidated
accounting year.
2) Prospects for the Next Period
Private capital investment is expected to increase due to the recovery of corporate earnings. However, as aresult of examining the impact of the antimonopoly law violations as mentioned at the beginning, we
forecast net sales of construction contract orders received of 123,000 million yen, net sales of completed
construction contracts of 123,000 million yen, operating income of 4,000 million yen, ordinary income of
4,000 million yen, and net income of 2,200 million yen for consolidated operating results of the next period.
(2) Analysis Concerning Financial Positions
1) States of Assets, Liabilities and Net Assets
Total assets at the end of the current consolidated accounting year increased by 5,192 million yen from theend of the previous consolidated accounting year to 111,347 million yen.
Current assets increased by 3,143 million yen from the end of the previous consolidated accounting year to2

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

85,724 million yen, primarily due to an increase in cash and deposits (2,178 million yen) as well as anincrease in note receivables and accounts receivable from completed construction contracts (865 million
yen).
Noncurrent assets increased by 2,049 million yen from the end of the previous consolidated accounting year
to 25,623 million yen, primarily due to an increase in investment securities (2,221 million yen).
Total liabilities at the end of the current consolidated accounting year increased by 3,570 million yen fromthe end of the previous consolidated accounting year to 64,737 million yen.
Current liabilities increased by 2,134 million yen from the end of the previous consolidated accounting year
to 58,539 million yen, primarily due to an increase in income taxes payable (593 million yen), an increase inadvance received on uncompleted construction contracts (689 million yen), and posting of provision of loss
reserve related to antimonopoly law (771 million yen).
Noncurrent liabilities increased by 1,436 million yen from the end of the previous consolidated accounting
year to 6,197 million yen, primarily due to an increase in long-term loans payable (525 million yen) and anincrease in deferred tax liabilities (849 million yen).
Net assets at the end of the current consolidated accounting year increased by 1,621 million yen from theend of the previous consolidated accounting year to 46,609 million yen, primarily due to posted net income(1,670 million yen) and an increase in valuation difference on available-for-sale securities (1,278 million
yen) in excess of dividends from surplus (847 million yen) and an increase in remeasurements of defined
benefit plans (559 million yen).
2) Status of Cash Flows
Cash and cash equivalents (hereinafter referred to as the “funds”) in the current consolidated accounting
year increased by 2,178 million yen (i.e., 9.7%) from the end of the previous consolidated accounting year
to 24,598 million yen. Cash flow statuses in the current consolidated accounting years and the causes are as
follows:(Cash Flows from Operating Activities)
As the result of operating activities, the funds increased by 3,117 million yen (1,261 million yen increase in
the previous consolidated accounting year), primarily due to factors behind the increase in the funds such as
posting of income before income taxes and minority interests, a decrease in costs on uncompleted
construction contracts and an increase in advance received on uncompleted construction contracts in excess
of factors behind the decrease in the funds such as an increase in notes and accounts receivable-trade andincome taxes paid.
(Cash Flows from Investing Activities)
As the result of investing activities, the funds decreased by 172 million yen (740 million yen decrease in theprevious consolidated accounting year), primarily due to factors behind the decrease in the funds such as
payments for purchases of property, plant and equipment and payment for purchases of investment
securities in excess of factors behind the increase in the funds such as proceeds from sales of noncurrent
assets.
(Cash Flows from Financing Activities)
As the result of financing activities, the funds decreased by 892 million yen (955 million yen decrease in theprevious consolidated accounting year), primarily due to dividend payment.
(Reference) Transition of cash flow-related indexes
Equity capital ratio
Equity capital ratio at market
value
Cash flow to interest-bearing
liability ratio
Interest coverage ratio

Period ending
March 2010

Period ending
March 2011

Period ending
March 2012

Period ending
March 2013

Period ending
March 2014

42.2%

42.8%

40.8%

42.3%

41.7%

21.2%

23.6%

22.2%

21.1%

21.8%

2.3 years―

9.0 years

6.0 years

2.4 years

26.3 times―

5.5 times

8.2 times

20.7 times

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

3

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

2. State of Corporate Group
Disclosure is omitted because of the absence of major changes from “Business Systematic Chart (Content of
Business)” and “State of Affiliate Companies” in the latest securities report (submitted on June 27, 2013).

3. Management Policies(1) Basic Policy on Management
Our Company Group enforces the management principles of “As a building services engineering andinstallation provider, we continually take on the challenge of creating value for our clients while contributing
to the development of a better environment and stronger communities.” and provides customers withtechnologies and services, which are ahead of their needs, thus working toward upgrading the corporate value.
Furthermore, the company has an on-target grasp of changes in the industrial structure and conducts the speedy
and practical management with an eye toward becoming a vigorous company.
(2) Management Index Goal:
As stated in the “Announcement on Revision to the “Mid-Term Management Plan”” that is released today, theCompany Group aims to achieve net sales of construction contract orders received of 123,000 million yen, net
sales of completed construction contracts of 123,000 million yen, and operating income of 4,000 million yen
as the consolidated operating results for fiscal 2014.
(3) Mid- and Long-Term Management Strategies and Tasks to Be Addresses
The Company is pursuing the reforms of its whole management in accordance with the mid-term management
plan “Dai-Dan to Challenge a New Era” launched in April 2012. In order to appropriately cope with changes
in business environment, we have decided to review the management strategies and measures on a biennial
basis, and the revenue target on an annual basis. This time, we introduced new strategies and measures, andrevised the mid-term business plan, for further growth of the Company.
With a gradual but expected increase in private capital investment due to the recovery in corporate earnings, it
has become a task for us to further add our corporate value and ensure operating results by pursuing thestrategies and measures of the mid-term business plan in order to achieve the continual development of theCompany as a general equipment construction/installation contractor.
The following section describes major strategies and measures we are pursuing in the foregoing revised
mid-term management plan.
1) Strategies and Measures Based on Customer First Policy
We will enhance the function of “Building chart system” as well as “Customer-oriented one stop service”
considering building life cycle to aim to increase renewal construction contracts. In addition, we will
strengthen the system for customer support after completion/handover by establishing a “Customer Support
Center” not only to meet diversified needs, but also to speed up customer service.
We will keep up with customer needs and market trends to strongly promote engineering proposals with theuse of our development and development-related technologies.
2) Strategies and Measures to Strengthen “Field Capabilities”
We will rebuild the company-wide training system to strengthen our “filed capabilities” as well as promote
the flexible distribution and effective utilization of human resources capable of responding to changes inmarket trends. Furthermore, we will promote the introduction of IT in field operations to work on effective
improvement of field management methods.
Besides establishing and making use of the Dai-Dan Meister System, we will rebuild the network of
associate companies on a nationwide scale to strengthen our construction system for big projects andprojects requiring special technologies.
3) Strategies and Measures to Establish Revenue Base for the Next Generation
We will focus on projects requiring advanced plant engineering, including battery-related plants,
pharmaceutical plants, laboratory animal facilities, regenerative medicine-related facilities, data centers, andplant factories. We will conduct active marketing and sales activities in the medical field that is important asa social infrastructure on the basis of our industry’s top experience and technological capabilities in thehospital construction field. In order to strengthen our competitiveness in these fields, we will work toaccumulate construction technologies and develop differentiation technologies.
To make it possible to offer engineering proposals with distinguishing characteristics as a generalequipment construction/installation contractor, we will establish the “Dai-Dan Smart Energy Technology”
4DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

to introduce and evaluate it in our Institute of Technology, thus strengthening our response capabilities to
the green fields
4) Measures to meet corporate social requirements
We will thoroughly provide continual training for all board directors and employees to conduct businessactivities in compliance with the Antimonopoly law and other related laws and regulations.
We will reduce resource and energy consumption, and CO2 emission in the construction phase as well as
reduce energy consumption in all of our offices. Furthermore, as a corporate citizen, we will commit
ourselves to continual CSR activities with an awareness of employee involvement.
With the foregoing tasks, we will not only secure orders and earnings, but also take on the challenge ofcreating value for our clients while contributing to the development of a better environment and stronger
communities.

5

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

4. Consolidated Financial Statements(1) Consolidated Balance Sheets(in million yen)Previous Consolidated
Accounting Year(As of March 31, 2013)

Current Consolidated
Accounting Year(As of March 31, 2014)

AssetsCurrent assets
Cash and deposits

22,447

24,626

Notes receivable, accounts receivable from56,32457,189Securities

49－

Costs on uncompleted construction contracts

314

152

0

0

Deferred tax assets

1,003

1,273

Other

2,446

2,488

-6

-6

82,58185,724

5,417

5,409

Accumulated depreciation-2,718-2,862

Buildings and structures, net

2,699

2,546

Machinery, equipment and vehicles

146

154

-111

-123

34

31

766

780

Accumulated depreciation

-587

-624

Tools, furniture and fixtures, net

179

155

Land

1,057

1,054

Total property, plant and equipment

3,970

3,788

417

260

11,007

13,229

2

1

6,587

－

－

6,921

Other

2,222

2,086

Allowance for doubtful accounts

-632

-665

Total investments and other assets

19,186

21,574

23,57425,623

106,155

111,347

completed construction contracts and otherRaw materials and supplies

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

Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures

Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Prepaid pension costs
Net defined benefit assets

Total noncurrent assets
Total assets

6

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(in million yen)Previous
Consolidated Accounting Year(As of March 31, 2013)

Current Consolidated
Accounting Year(As of March 31, 2014)

Liabilities
Current liabilities
Notes payable, accounts payable for construction

39,97940,007

Short-term loans payable

6,251

5,686

Income taxes payable

788

1,381

2,435

3,124

Provision for warranties for completed construction

100

92

Provision for loss on construction contracts

391

130

Loss reserve related to antimonopoly law

－

771

Other

6,458

7,346

Total current liabilities

56,40558,539Long-term loans payable

1,378

1,903

Deferred tax liabilities

1,455

2,304

Provision for retirement benefits

1,328

－

Net defined benefit liability

－

1,398

Provision for environment measures

220

220

Provision for overseas investment loss

2

18

376

352

0

0

4,761

6,197

61,16764,737

Capital stock

4,479

4,479

Capital surplus

4,809

4,809

Retained earnings

33,774

34,597

Treasury stock

-660

-666

42,40343,221

contracts

Advances received on uncompleted construction
contracts

Noncurrent liabilities

Long-term accounts payable
Other
Total noncurrent liabilities
Total liabilities
Net Assets
Shareholders’ equity

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

2,412

3,690

Foreign currency translation adjustment

40

68

Remeasurements of defined benefit plans

－

-559

2,453

3,199

Minority interests

131

189

Total net assets

44,98846,609106,155

111,347

Total accumulated other comprehensive income

Total liabilities and net assets

7

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

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

Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Real estate rent
Insurance fee
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Income on sales of noncurrent assets
Extraordinary income
Extraordinary loss
Loss on retirement of noncurrent assets
Loss on sales of noncurrent assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Provision of loss reserve related to antimonopoly law
Provision of loss reserve on overseas investment
Total extraordinary loss
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

8

Previous Consolidated
Accounting Year
(From April 1, 2012
to March 31, 2013)
121,919
109,177
12,7429,992
2,749(in million yen)
Current Consolidated
Accounting Year
(From April 1, 2013
to March 31, 2014)
124,445
110,307
14,137
9,966
4,171

15
162
34
98
383
11
705

16
181
33
91
155
3
482

154
12
10
177
3,278

150
18
13
182
4,471

－
－

2
2

49
－
－
4
－
－
54
3,224
1,007
574
1,582
1,641
42
1,599

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

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(Consolidated Comprehensive Income Statement)(in million yen)

Income before minority interests

Previous Consolidated
Accounting Year
(From April 1, 2012
to March 31, 2013)
1,641

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

1,847

1,278

28

45

1,876

1,323

3,518

3,034

3,460

2,976

57

57

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income(Particulars)
Comprehensive income attributable to owners of theparentComprehensive income attributable to minority
interests

9

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(3) Consolidated Statements of Changes in Net Assets
Current consolidated accounting year (From April 1, 2012 to March 31, 2013)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current

Capital surplus

4,479

periodRetained earnings

4,809

Total shareholders’

Treasury stock

32,889equity-647

41,531

Changes of items during the period
Dividends from surplus

-714

-714

Net income

1,599

1,599

Purchase of treasury stock
Disposal of treasury stock

0

-14

-14

1

1

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

－

0

885

-13

871

4,479

4,809

33,774-660

42,403

periodBalance at the end of current period

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at the beginning of current
period564

Foreign currency Remeasurements

Total accumulatedof defined benefit other comprehensive

translation

incomeplans

adjustment

27

Minority interests Total net assets

－

591

73

42,197

Changes of items during the period
Dividends from surplus-714

Net income

1,599

Purchase of treasury stock-14

Disposal of treasury stock

1

Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period

1,847

13

－

1,861

57

1,919

1,847

13

－

1,861

57

2,790

2,412

40

－

2,453

131

44,98810

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

Current Consolidated Accounting Year (From April 1, 2013 to March 31, 2014)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current

Capital surplus

4,479

periodRetained earnings

4,809

Total shareholders’

Treasury stock

33,774

equity-660

42,403

Changes of items during the period
Dividends from surplus

-847

-847

Net income

1,670

1,670

Purchase of treasury stock-5-5

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

－

－

823

-5

817

4,479

4,809

34,597-666

43,221

periodBalance at the end of current period

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at the beginning of current
period2,412

Foreign currency Remeasurements

Total accumulatedof defined benefit other comprehensive

translation

incomeplans

adjustment

40

Minority interests Total net assets

－

2,453

131

44,988Changes of items during the period
Dividends from surplus-847

Net income

1,670

Purchase of treasury stock-5

Disposal of treasury stock－

Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period

1,278

27

-559

746

57

803

1,278

27

-559

746

57

1,621

3,690

68

-559

3,199

189

46,60911

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014(4) Statement of Consolidated Cash Flow(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2012
to March 31, 2013)

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

Net cash provided by (used in) operating activities
Current net income before tax adjustments, etc.
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) amount of net defined benefit liability
Interest and dividends income
Interest expenses
Increased (decrease) in reserve for overseas investment loss
Loss (gain) on valuation of investment securities
Loss (gain) on sales of noncurrent assets
Loss on retirement of noncurrent assets
Increased (decrease) in loss reserve related to antimonopoly
law
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 (decrease) in net defined benefit asset
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received on uncompleted
construction contracts
Increase (decrease) in other current liabilities

3,224
402
-186
-104
－
-177
154
－
－
－
49

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

－

771

4
1,283

1
-884

152

162

-780
-657
－
-1,255-141
6,586-7,66627

30

689

Increase (decrease) in other noncurrent liabilities

-126
-60

695
-24

Subtotal

1,952

4,265

Interest and dividends income received
Interest expenses paid
Income taxes (paid) refund

177
-153
-714

198
-150
-1,195

Net cash provided by (used in) operating activities

1,261

3,117

Net cash provided by (used in) investing activities
Proceeds from withdrawal of time deposits
Payments into time deposits
Purchase of securities

27
-27
-49

27
-27
－

Proceeds from sales and redemption of securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Payments of loans receivableCollection of loans receivable
Expenditures by acquiring of other noncurrent assets
Revenue by sales of other noncurrent assets

99
-845
－
-3
2
-30
34
-68
121

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

Net cash provided by (used in) investing activities

-740

-172

12

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2012
to March 31, 2013)

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

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

32,38034,570Decrease in short-term loans payable-32,230-35,070

Proceeds from long-term loans payable

1,800

2,600

Repayment of long-term loans payable-2,177-2,139-14-5Purchase of treasury stock

1－

Cash dividends paid

Proceeds from sales of treasury stock

-714

-847

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

-955

-892

217

126

-215

2,178

Cash and cash equivalents at beginning of period

22,63522,420Cash and cash equivalents at end of period

22,42024,59813

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(5) Annotation Items Concerning Consolidated Financial Statements(Annotation Concerning Going Concern Premise)
No applicable items.
(Changes in Accounting Policy)(Adoption of accounting standard for retirement benefits)
Accounting Standard for Retirement Benefits (ASBJ Statement No. 26 May 17, 2012, hereinafter referred toas the “Accounting Standard for Retirement Benefits”) and Guidance on Accounting Standard for
Retirement Benefits (ASBJ Guidance No. 25 May 17, 2012, hereinafter referred to as the “Guidance on
Retirement Benefits”) are applied from the end of the consolidated accounting year under review (however,excluding the regulations stipulated under Article No. 35 of Accounting Standard for retirement benefits andArticle No. 67 of Guidance on Accounting Standard). Net defined benefit assets and liabilities are calculated
by reducing the amount of pension assets from projected benefit obligation, and unrecognized actuarial
gains and losses and prior service costs are recorded under net defined benefit assets and liabilities.
In regard to the adoption of Accounting Standard for Retirement Benefits, the Company Group follows thetransitional measure stipulated under Article No. 37 of Accounting Standard for Retirement Benefits, andthe amount of financial impact caused by this change in accounting policy is added to or subtracted fromremeasurements of defined benefit plan under accumulated other comprehensive income.
As a result, net defined benefit liabilities of 1,398 million yen and net define benefit assets of 6,921 million
yen are recorded, and accumulated other comprehensive income decreased by 559 million yen, at the end of
the consolidated accounting year under review.
Net assets per share decreased by 12.55 yen.
(Relating to Consolidated Balance Sheet)
1. Mortgaged assets and secured liabilities
Mortgaged assets and secured liabilities are as follows:
Previous Consolidated Accounting Year Current Consolidated Accounting Year
(March 31, 2013)(March 31, 2014)
Investment securities

103 million yen

105 million yen

Short-term loans payable

75 million yen

100 million yen

Long-term loans payable－

175 million yen

Liability corresponding to the above:

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

29 million yen

29 million yen

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

27 million yen

27 million yen

2. Contingent liability
Loss indemnity is given to investors to the following consolidated subsidiary on the amount of investment:
Previous Consolidated Accounting Year Current Consolidated Accounting Year
(March 31, 2013)(March 31, 2014)
DAI-DAN (THAILAND) CO., LTD.

16 million yen

14

16 million yen

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(Relating to Consolidated Income and Loss Statement)
Main items of selling expenses and general administrative expenses are as follows:
Previous consolidated accounting year Current consolidated accounting year
(From April 1, 2012 to March 31, 2013) (From April 1, 2013 to March 31, 2014)
Employee salary and allowance
3,682 million yen
3,970 million yen
Retirement benefit expenses
417
48
Correspondence and transportation expenses
882
888
Computer expense441
426
Depreciation
396
419
Provision of allowance for doubtful accounts-9-16(Account Statement of Changes in Consolidated Shareholder’s Equity Etc.)
Previous consolidated accounting year (From April 1, 2012 to March 31, 2013)
1. Items relating to the type and number of issued stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
45,963――45,963
2. Items relating to the type and number of treasury stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
1,321
29
2
1,347
(Outline of variation causes)
Main items of increases are as follows:
Increase due to odd stock purchase demand
Main items of decreases are as follows:
Decrease due to odd stock sale demand

29 thousand shares
2 thousand shares

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

Type of stock

Ordinary general meeting ofshareholders on June 28, 2012
Board of directors on November 8,
2012

Total dividends

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

Effective dateCommon stock

357

8.00

March 31, 2012

June 29, 2012

Common stock

357

8.00

September 30, 2012

December 3, 2012

(2) Of the dividends with their record date belonging to the current consolidated accounting year, thosebecoming effective in the next consolidated accounting period.
Resolution
Ordinary general meeting ofshareholders on June 27, 2013

Type of stock
Common stock

Resource for

Total dividends

Dividend per share

dividend(in million yen)(in yen)490

Surplus earnings

15

11.00

Record date

Effective date

March 31, 2013

June 28, 2013

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

Current consolidated accounting year (From April 1, 2013 to March 31, 2014)
1. Items relating to the type and number of issued stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
45,963――45,963
2. Items relating to the type and number of treasury stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
1,347
10
―
1,357
(Outline of variation causes)
Main items of increases are as follows:
Increase due to odd stock purchase demand
10 thousand shares
3. Matters pertaining to subscription rights to shares
There are no matters that come under this paragraph.
4. Items relating to dividend(1) Paid amount of dividend
Resolution

Type of stock

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

Total dividends

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

Effective dateCommon stock

490

11.00

March 31, 2013

June 28, 2013

Common stock

356

8.00

September 30, 2013

December 2, 2013

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

Type of stock
Common stock

Resource for

Total dividends

Dividend per share

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

356

8.00

Record date

Effective date

March 31, 2014

June 30, 2014

(Relating to Consolidated Statements of Cash Flows)
The following table shows the relationship between the balance of cash and cash equivalents at the end of full-year
period and the amounts of accounts listed in the full-year consolidated balance sheet
Previous consolidated accounting year
(From April 1, 2012 to March 31, 2013)
Cash and deposits
Time deposits with time periodof more than three months
Cash and cash equivalents

22,447 million yen

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

24,626 million yen

-27

-27

22,42024,59816

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(Segment Information etc.)(Segment Information)
Previous consolidated accounting year (From April 1, 2012 to March 31, 2013)
Current consolidated accounting year (From April 1, 2013 to March 31, 2014)
Descriptions are omitted since the Company Group is a single segment of equipment work business.
(Per-share Information)
Items

Previous consolidated
accounting year
(From April 1, 2012 to March 31, 2013)

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

1,005.38 yen
35.83 yen

1,040.67 yen
37.45 yen

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

Current consolidated accounting year

(From April 1, 2012 to March 31, 2013)(From April 1, 2013 to March 31, 2014)

1,599

1,670

―

―

1,599

1,670

44,63444,609Net income (million yen)Amount not belonging to common stock(million yen)
Current period net income pertaining tocommon stock (million yen)
Average number of common stock
shares during the period (thousand
shares)(Important Events Subsequent to Balance Sheet Date)
Not applicable(On Disclosure Omission)
Disclosure of annotations concerning real estate and consolidated comprehensive income statement such aslease transactions, tax effect accounting, financial products, securities, retirement benefit, asset retirement
obligation, lease, etc. is omitted since disclosure necessity in the brief report on the financial statements is
considered small.
No annotations exist in concerning information of the parties concerned, derivative transactions, stock options,etc. and business combination etc.

17DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

5. Individual Financial Statements(1) Balance Sheets(in million yen)Previous fiscal year
(As of March 31, 2013)

Current fiscal year
(As of March 31, 2014)

AssetsCurrent assets
Cash and deposits

21,771

23,930Notes receivable-trade

2,084

2,885

Accounts receivable from completed construction

54,056

54,116

Securities

49－

Costs on uncompleted construction contracts

307

151

Raw materials and supplies

00Prepaid expenses

19

19

Advances paid

1,526

1,357

Deferred tax assets

contracts

1,001

1,270

Other

892

1,105

Allowance for doubtful accounts-5-6

81,704

84,831

5,273

5,263

Accumulated depreciation-2,613-2,751

Buildings, net

2,659

2,512

144

145

-104

-110

39

34

17

17

-7

-9

Total current assets
Noncurrent assets
Property, plant and equipment
Buildings

Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net

9

7

102

108

Accumulated depreciation

-89

-95

Vehicles, net

13

13

Tools, furniture and fixtures

744

752

Accumulated depreciation

-571

-604

Tools, furniture and fixtures, net

172

148

Land

1,057

1,054

Total property, plant and equipment

3,952

3,771

Software

375

218

Other

38

38

Total intangible assets

413

256

VehiclesIntangible assets

18

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(in million yen)Previous fiscal year
(As of March 31, 2013)
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andaffiliates
Guarantee deposits
Long-term insurance premiums
Claims provable in bankruptcy, claims provable inrehabilitation and otherPrepaid pension cost
Golf club membership
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes payable-trade
Accounts payable for construction contracts
Short-term loans payable
Current portion of long-term loans payable
Accounts payable-otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Advances received on uncompleted construction
contracts
Deposits received
Deposits received from employees
Provision for warranties for completed construction
Provision for loss on construction contracts
Provision for loss related to antimonopoly law
OtherTotal current liabilities
Noncurrent liabilities
Long-term loans payable
Deferred tax liability
Provision for retirement benefits
Provision for environmental measures
Allowance for overseas investment loss
Long-term accounts payable-other
Other
Total noncurrent liabilities
Total liabilities

Current fiscal year
(As of March 31, 2014)

10,942289
3
44

13,164
289
5
44

648
309
110

637
154
86

6,587
599
99
-250
19,382
23,748105,452

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

5,792
34,040
4,390
1,861
568
2,122
778
263
2,342

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

2,813
630
99
391
2
56,097

3,125
653
92
130
771
2
58,339

1,378
1,427
1,326
220
2
376
0
4,731
60,829

1,903
2,619
1,265
220
15
352
0
6,377
64,716－19

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

(in million yen)Previous fiscal year
(As of March 31, 2013)

Current fiscal year
(As of March 31, 2014)

Net Assets
Shareholders’ equity
Capital stock

4,479

4,479

Capital surplus
Legal capital surplus

4,716

4,716

Other capital surplus

93

93

Total capital surplus

4,809

4,809

Retained earnings
Legal retained earnings

1,119

1,119

Other retained earnings
Reserve for advanced depreciation of noncurrent
assetsGeneral reserve65

61

29,72029,720Retained earnings brought forward

2,677

3,432

33,582

34,334-660-666

42,211

42,957

Valuation difference on available-for-sale securities

2,412

3,690

Total valuation and translation adjustments

2,412

3,690

Total net assets

44,62346,648

Total liabilities and net assets

105,452

111,365

Total retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments

20

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014(2) Income and Loss Statements(in million yen)Previous fiscal year
(From April 1, 2012 toMarch 31, 2013)
Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Real estate rent
Insurance fee
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Other
Total non-operating expenses
Ordinary income
Extraordinary loss
Loss on retirement of noncurrent assets
Loss on sales of noncurrent assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Loss reserve related to antimonopoly law
Loss on liquidation of subsidiaries and affiliates
Total extraordinary losses
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income

21

Current fiscal year
(From April 1, 2013 toMarch 31, 2014)

120,085

122,966

107,594

109,088

12,49013,877

9,872

9,816

2,617

4,060

13

11

162

181

34

33

98

91

377

153

8

2

696

475

154

150

12

18

10

10

177

178

3,137

4,357

49

0

－

4

－

0

4

1

－

771

－

26

54

806

3,083

3,550

967

1,748

575

203

1,542

1,951

1,541

1,599

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014(3) Statements of Changes in Net Assets
Previous Fiscal Year (From April 1, 2012 to March 31, 2013)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings
Reserve for

Capital

Legal

Other

Total

stock

capitalcapitalcapitalsurplussurplus surpluses earnings

Legaladvancedretained depreciationofRetained
Generalreservenoncurrent

Total

earnings retainedbrought earnings
forwardassetsBalance at the beginning of current
period

4,479

4,716

93

4,809

1,119

68

29,7201,847

32,755

Changes of items during the period
Reversal of reserve disposition

3－

Dividends from surplus

-3

-714

-714

Net income

1,541

1,541

Purchase of treasury stock
Disposal of treasury stock00

Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period

－

－

0

0

－

-3

－

829

826

4,479

4,716

93

4,809

1,119

65

29,7202,677

33,582

Shareholders’ equity

Valuation and translation adjustments
Valuation

Treasury stock

Total shareholders’difference on

equityavailable-for-salesecurities

Balance at the beginning of current
period-647

41,398564

Total valuationand translation

Total net assets

adjustments
564

41,962

Changes of items during the period
Reversal of reserve disposition
Dividends from surplus

-714

-714

Net income

1,541

1,541

Purchase of treasury stock

-14

-14

-14

Disposal of treasury stock

1

1

1

Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period

1,847

1,847

1,847

-13

813

1,847

1,847

2,661

-660

42,211

2,412

2,412

44,62322

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

Current Fiscal Year (From April 1, 2013 to March 31, 2014)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings
Reserve for

Capital

Legal

Other

Total

stock

capitalcapitalcapitalLegaladvancedretained depreciation

surplus surplus surpluses earningsofRetained

Total

Generalearnings

retainedreservebrought

earnings

noncurrent

forwardassetsBalance at the beginning of current
period

4,479

4,716

93

4,809

1,119

65

29,7202,677

33,582

Changes of items during the period
Reversal of reserve disposition

3－

Dividends from surplus

-3

-847

-847

Net income

1,599

1,599

Purchase of treasury stock
Disposal of treasury stock
Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period

－

－

－

－

－

-3

－

755

751

4,479

4,716

93

4,809

1,119

61

29,7203,432

34,334

Shareholders’ equity
Treasury stock
Balance at the beginning of current
period-660

Valuation and translation adjustments

Total

Valuation difference

Total valuation

shareholders’on available-for-saleand translation

equitysecurities

adjustments

42,211

2,412

2,412

Total net assets

44,623

Changes of items during the period
Reversal of reserve disposition
Dividends from surplus
Net income
Purchase of treasury stock

－

－

-847

-847

1,599

1,599

-5

Disposal of treasury stock

-5

-5

－

－

Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period

1,278

1,278

1,278

-5

746

1,278

1,278

2,024

-666

42,957

3,690

3,690

46,64823

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

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

6. Others(1) Board Member Changes
1) Changes in Representative Directors
None2) Change in other board members• Newly appointed director candidate
Director, Corporate Officer, Head ofTechnical Construction Division

Norio Ogino(Currently Senior Corporate Officer,
Head of Technical Construction
Division)

Director, Corporate Officer, Head ofCentral Japan Area, General
Manager of Nagoya BranchRyoei Koshin(Currently Senior Corporate Officer,
in charge of Central Japan Area,
General Manager of Nagoya Branch)

3) Scheduled Date of Assumption of Office
June 27, 201424

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

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

Current consolidated
accounting year

(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received

AmountComponent
ratio %

AmountDifference

Component
ratio %

Amount%Electrical equipment
installations

24,17120.1

28,808

22.6

4,636

19.2

Air-conditioning
installations

71,23059.4

75,277

59.1

4,047

5.7

Plumbing

24,57820.5

23,30718.3-1,271

-5.2

Total

119,980100.0

127,394

100.0

7,413

6.2

(Renovations)

58,51748.8

71,59556.2

13,07822.4(Overseas operations)

5,599

4.7

10,385

8.2

4,785

85.5

Electrical equipment
installations

24,64920.2

26,528

21.3

1,878

7.6

Air-conditioning
installations

71,19458.4

71,134

57.2

-60

-0.1

Plumbing

26,075

21.4

26,783

21.5

707

2.7

Total

121,919100.0

124,445

100.0

2,525

2.1

(Renovations)

63,35052.0

65,293

52.5

1,943

3.1

(Overseas operations)

6,552

5.4

6,237

5.0

-314

-4.8

Electrical equipment
installations

11,08913.913,370

16.2

2,280

20.6

Air-conditioning
installations

47,77759.9

51,921

62.7

4,143

8.7

Plumbing

20,90026.2

17,42521.1-3,475

-16.6

Total

79,767100.0

82,716

100.0

2,948

3.7

(Renovations)

20,362

25.5

26,664

32.2

6,301

30.9

(Overseas operations)

3,704

4.6

7,852

9.5

4,147

112.0

25

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2014

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

Current fiscal year

(From April 1, 2012
to March 31, 2013)(From April 1, 2013
to March 31, 2014)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received

AmountComponent
ratio %

AmountDifference

Component
ratio %

Amount%Electrical equipment
installations

23,65220.0

28,370

22.5

4,717

19.9

Air-conditioning
installations

70,55059.7

74,688

59.3

4,138

5.9

Plumbing

24,066

20.3

22,94618.2-1,119

-4.7

Total

118,269100.0

126,005

100.0

7,736

6.5

(Renovations)

56,77048.0

70,18855.7

13,418

23.6(Overseas operations)

4,416

3.7

9,578

7.6

5,162

116.9

Electrical equipment
installations

24,06420.0

26,061

21.2

1,996

8.3

Air-conditioning
installations

70,40658.6

70,510

57.3

104

0.1

Plumbing

25,615

21.4

26,394

21.5

779

3.0

Total

120,085100.0

122,966

100.0

2,880

2.4

(Renovations)

61,48051.2

63,796

51.9

2,315

3.8

(Overseas operations)

5,247

4.4

5,359

4.4

111

2.1

Electrical equipment
installations

10,92613.8

13,235

16.1

2,309

21.1

Air-conditioning
installations

47,60760.0

51,786

62.9

4,178

8.8

Plumbing

20,75626.2

17,30721.0-3,448

-16.6

Total

79,290100.082,329

100.0

3,039

3.8

(Renovations)

19,88525.1

26,277

31.9

6,392

32.1

(Overseas operations)

3,323

4.2

7,543

9.2

4,219

126.9

26