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

Brief Report on the Second Quarter Financial Statements for the Period Ending March 2023
[Japanese Standard] (Consolidated)
November 8, 2022

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

Stock Exchange Listing:Code No.: 1980 URL: https://www.daidan.co.jp/
Tokyo Stock Exchange Prime Market
Representative of Company: Ichiro Fujisawa, Representative Director, President
Inquiries to be addressed to: Yasuo Kamei, Director, Executive Corporate Officer,
Head of General Administration
Tel. (06) 6447 - 8003
Date scheduled to submit Quarterly report:
November 8, 2022
Date scheduled for dividend payment commencement:
December 1, 2022
Creating supplements to the financial statement:
Yes
Holding a briefing session on the financial statement:
Yes (for instituted investors and analysts)(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the Second quarter of the period ending March 2023 (From April 1, 2022 to September 30, 2022)(Percentage indications show increase or decrease from the previous period.)(1) Consolidated management performance (Cumulative total)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Second quarter of the82,690
25.7
3,650
31.8
4,330
42.3
period ending March 2023
Second quarter of the
65,780(9.6)
2,768(45.4)
3,044(43.3)
period ending March 2022
(Note)
Comprehensive income Second quarter of the period ending March 2023 2,746 Million yen 45.2%
Second quarter of the period ending March 2022 1,891 Million yen (56.9%)

Profit per share

Yen Sen142.29

―

97.14

―

(2) Consolidated financial position
Total assets

Net assets

Million yen

End of first quarter

3,045

46.6

2,077

(43.2)

Equity capital ratio

Million yen%

Second quarter of the137,220
79,055
period ending March 2023
Period ending March 2022
139,099
77,242(Reference) Equity capital Second quarter of the period ending March 2023 78,890 Million yen
Period ending March 2022 77,081 Million yen

2. Dividends%

Diluted Profit per share

Yen Sen
Second quarter of theperiod ending March 2023
Second quarter of theperiod ending March 2022

Million yen

57.5
55.4

Annual dividends per share
End of second quarter End of third quarter

Yen Sen――Yen Sen
45.00
45.00

Period end

Yen Sen―Through year

Yen Sen45.00

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

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

Net sales
Mil. yen

Operating profit%

Mil. yen

Profit attributable toowners of parent

Ordinary profit%

Mil. yen%Mil. yen%

180,000
10.5
8,500
12.1
8,700
Total period(Reference) Estimated net sales of construction contract orders 193,000 Million yen(Note)
Presence of revision from estimate of performance published most recently: Yes

7.5

6,000

3.8

Profit per share
Yen

Sen
280.46

* Annotations(1) Changes in key subsidiaries in the period (changes in specific subsidiaries requiring changes of consolidation scope): None
(2) Application of particular accounting to the preparation of quarter consolidated financial statements: None

(3) Changes in accounting policies, changes in accounting estimates, restatement
 Changes in accounting policies due to revision of accounting standards, etc.: None
 Changes in accounting policies other than : None
 Changes in accounting estimates: None Restatement: None
(4) Number of issued shares (common stock) Number of issued shares at the end of
period (including treasury shares)
 Number of treasury shares at the end of
period Average number of shares in the period(quarter total)

Second quarter of
Period ending
the period ending 22,981,901 shares
22,981,901 shares
March 2022
March 2023
Second quarter of
Period ending
the period ending 1,571,867 shares
1,588,839 shares
March 2022
March 2023
Second quarter ofSecond quarter ofthe period ending 21,401,029 shares the period ending 21,383,289 shares
March 2023
March 2022

(Note) The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (107,302
shares for the period ending March 2022, 90,207 shares for the second quarter of the period ending March 2023). In addition, theCompany's shares held in the BIP Trust for Directors (117,469 shares for the second quarter of the period ending March 2022, 99,282
shares for the second quarter of the period ending March 2023) are also included in treasury shares, which is deducted in the calculationof the average number of shares outstanding during the period.

* Brief report on quarterly financial statements is beyond the object of audit by CPA or an audit corporation.
* Explanation about adequate use of achievement forecasts and other noteworthy matters(Caution regarding forward-looking statements and others)
The forward-looking statements disclosed herein are based on the information available at the time of preparation of thisdocument and the assumption considered as reasonable.
Consequently, actual results differ materially from forecasts above due to changes in business results.
(How to obtain supplementary explanatory materials for quarterly financial results)
Supplementary explanatory materials for quarterly financial results will be available on the Company’s website.

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

Net sales
Mil. yen

Total period(Reference)(Note)

Operating profit%

Mil. yen

Ordinary profit%

Mil. Yen

175,000
8.6
8,500
10.3
8,700
Estimated net sales of construction contract orders 182,000 Million yen
Presence of revision from estimate of performance published most recently: Yes

ProfitProfit per share%

Mil. yen%

Yen Sen

5.9

6,000

2.3

280.46

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

 Contents of Information
1. Consolidated Financial Statements and Major Notes ..............................................................................................2(1) Consolidated Balance Sheets .............................................................................................................................2(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ........................4(Consolidated Statements of Income)(Second Quarter Consolidated Cumulative Period) .........................................................................................4(Consolidated Statements of Comprehensive Income)(Second Quarter Consolidated Cumulative Period) .........................................................................................5(3) Consolidated Statements of Cash Flows ............................................................................................................6(4) Annotation Items Concerning Quarterly Consolidated Financial Statements ....................................................8(Notes to Going Concern Assumption) ............................................................................................................8(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ............................................8
2. Supplementary Information .....................................................................................................................................9
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated) ................................................................................................91

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

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

2

Current Second Quarter
Consolidated Accounting
Period(As of September 30, 2022)

16,06522,686

68,90362,30915,002
464
4,416
(6)
104,846

13,104
1,597
2,960
(6)
102,652

5,893
409

6,518
585

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

15,345
10,657
1,596(135)
27,46334,568137,220

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

(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2022)
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for bonuses
Provision for directors' bonuses
Provision for share awards
Provision for warranties for completed construction
Provision for loss on construction contracts
Deposits received
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Retirement benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

3

Current Second Quarter
Consolidated Accounting
Period(As of September 30, 2022)

24,025

19,307

12,0473,229
701

11,021
2,859
1,362

2,058

3,570

－
－
26
70
615
8,703
6,004
57,483

2,615
43
8
80
473
9,022
3,442
53,808

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

519
2,542
1,246
5
42
4,356
58,165

4,479
4,837
63,946(3,166)70,0974,479
4,837
66,024(3,132)
72,209

6,079
34
870
6,984
160
77,242139,099

5,837
106
737
6,680
164
79,055
137,220

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

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

Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Insurance fee income
Foreign exchange gains
Rental income from real estate
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Rental expenses on real estate
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

4

Previous Second Quarter
Consolidated Cumulative
Period(From April 1, 2021
to September 30, 2021)
65,78056,923
8,857
6,088
2,768

Current Second Quarter
Consolidated Cumulative
Period(From April 1, 2022
to September 30, 2022)
82,69072,325
10,364
6,714
3,650

5
197
122
1
16
8
352

5
262
128
291
15
34
738

54
2
8
10
76
3,044

33
4
9
10
57
4,330

－
106
106

2
268
270

65
4
70
3,080
124
906
1,031
2,049
(27)
2,077

12
－
12
4,588
1,269
288
1,557
3,030
(14)
3,045

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

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

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

5

Previous Second Quarter
Consolidated Cumulative
Period(From April 1, 2021
to September 30, 2021)
2,049

Current Second Quarter
Consolidated Cumulative
Period(From April 1, 2022
to September 30, 2022)
3,030

(48)
(10)
(99)
(158)
1,891

(242)
90
(132)
(284)
2,746

1,924

2,741

(32)

4

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

(3) Consolidated Statements of Cash Flows(Millions of yen)Previous Second Quarter
Current Second Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2021

(From April 1, 2022

to September 30, 2021)

to September 30, 2022)

Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on valuation of investment securities
Loss (gain) on sale of investment securities
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in costs on construction contracts
in progress
Decrease (increase) in other current assets
Decrease (increase) in other non-current assets
Decrease (increase) in retirement benefit asset
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in advances received on
construction contracts in progress
Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities
SubtotalInterest and dividends received
Interest paid
Income taxes refund (paid)
Net cash provided by (used in) operating activities

6

3,080
232
(5)
9
(203)
54
4
(106)
－
65

4,588
234
(3)
1
(267)
33
－
(268)
(2)
12

5,822

8,492

(826)

(1,132)(1,655)
5
(181)

1,195
8
(227)

(4,309)(5,743)

863

1,512

(2,325)
2
527
203
(53)
(1,523)
(846)

383
19
8,838
267
(32)
(564)
8,509

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

(Millions of yen)Previous Second Quarter
Current Second Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2021

(From April 1, 2022

to September 30, 2021)

to September 30, 2022)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Payments for retirement of property, plant andequipment
Purchase of investment securities
Proceeds from sale and redemption of investment
securities
Proceeds from collection of loans receivable
Other payments
Other proceeds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
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
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

7

(947)
－

(805)
2

(27)

(6)

(201)

(1)

376

412

－
(162)
17
(945)

0
(349)
60
(686)

19,480(19,580)
500
(836)
(0)
(967)
(1,404)

10,700(10,700)
100
(626)
(0)
(967)
(1,494)(6)

293(3,203)31,74728,544

6,621
16,03722,659DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2023

(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)
None8

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

2. Supplementary Information

Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted
construction contracts (consolidated)(Millions of yen)Previous Second Quarter
Consolidated Cumulative
Period(From April 1, 2021
to September 30, 2021)
AmountNet sales of construction
contract orders received

Electrical installations

Net sales of completed
construction contracts(From April 1, 2022
to September 30, 2022)
AmountIncrease(decrease)

Component
ratio %

AmountRatio %

12,34011.5

18,647

14.9

6,306

51.1

70,66765.8

78,799

63.1

8,132

11.5

24,41522.7

27,519

22.0

3,103

12.7

95,082

88.5

106,318

85.1

11,236

11.8

Total

107,423

100.0

124,966

100.0

17,542

16.3(Renovations)

49,32645.9

49,121

39.3

(204)

(0.4)

(Industrial facilities)

37,09034.5

53,74443.0

16,654

44.9(Overseas operations)

6,449

6.0

13,486

10.8

7,037

109.1

Electrical installations

10,41815.9

13,970

16.9

3,551

34.1

Air
conditioning
installations

38,63058.7

49,091

59.4

10,461

27.1

Plumbing
installations

16,732

25.4

19,628

23.7

2,896

17.3

subtotal

55,362

84.1

68,72083.1

13,357

24.1

Total

65,780100.082,690100.0

16,90925.7(Renovations)

34,125

51.9

36,092

43.6

1,966

5.8

(Industrial facilities)

27,56541.9

32,305

39.1

4,740

17.2

(Overseas operations)

3,931

6.0

7,794

9.4

3,863

98.3

Electrical installations

23,80712.9

28,140

13.6

4,332

18.2

Air
conditioning
installations

117,975

63.9

135,341

65.7

17,366

14.7

Plumbing
installations

42,903

23.2

42,575

20.7

(327)

(0.8)

subtotal

160,87887.1

177,91786.4

17,039

10.6

Total

184,685100.0

206,057

100.0

21,371

11.6(Renovations)

48,05526.0

49,925

24.2

1,870

3.9

(Industrial facilities)

49,781

27.0

66,69932.4

16,91834.0(Overseas operations)

14,384

7.8

18,531

9.0

4,146

28.8

and plumbingAir
conditioning
installations
Plumbing
installations

installations

subtotalAir
conditioningAir
conditioning
and plumbing
installations

Air
Net sales of uncompleted
construction contracts

Component
ratio %

Current Second Quarter
Consolidated Cumulative
Periodconditioning
and plumbing
installations(Note) 1. The “Air conditioning and plumbing installations” category has been set as a total of air conditioning installations and plumbing
installations.
2. Renovations, Industrial facilities and Overseas operations are aggregated for each type of construction. These includes duplicatedconstruction.

9