Brief Report on the Mid-term Financial Statements for the PeriodEnding March 2004 (consolidated)
Name of listed company:

DAI-DAN Co., Ltd.

Nov. 18, 2003

Listed Stock Exchanges: Tokyo and Osaka

Code No.:1980(URL http://www.daidan.co.jp)

Location of Head Office: Osaka Prefecture

Representative of Company:

Toshikazu ANDO, Representative Director & President

Tel. 06-6441-8231

Inquiries to be addressed to: Go TAJIMA, Director of General Administration Division
Date of Directors' meeting on mid-term closing of accounts: Nov. 18, 2003
Adoption of American Accounting Standards : No

1. Consolidated performance for the mid-term period ended Sept. 2003 (From April 1, 2003 to Sept. 30, 2003)(1) Consolidated management performance (Note: Amounts are indicated with figures less than 1 million yen discarded.)
Sales amountOperating profit
Ordinary profit
in millions of yen
Mid-term periodended Sept. 2003
Mid-term periodended Sept. 2002
Period ended
March 2003

in percentage

in percentage

in millions of yen

in percentage

17.4-1,791−-1,998−50,590-15.4-2,538−-2,719−164,115

2,044

Current net profit(mid-term)in millions of yen
Mid-term period
ended Sept. 2003
Mid-term period
ended Sept. 2002
Period ended
March 2003

in millions of yen

59,417

1,746

Current net earnings per share(mid-term)in percentage

in yen and sen

Current net earning per shareafter making potential shareadjustments (mid-term)in yen and sen-1,603−-35.61−-1,895−-41.28

−

22.26

−

1,017

Note: ①Investment profit or loss on equity method

Mid-term period ended September 2003: -38 million yen,
Mid-term period ended September 2002: 60 million yen,
Period ended March 2003:
43 million yen②Interim average number of shares (consolidated) Mid-term period ended September 2003: 45,014,893 shares
Mid-term period ended September 2002: 45,926,196 shares
Period ended March 2003:
45,730,284 shares③Changes in accounting procedures: none
④Percentage indications of sales amount, operating profit, ordinary profit, and mid-term (current) net profit show
increase or decrease compared with previous mid-term period.

(2) Consolidated financial condition
Total assets

Shareholders' capitalin millions of yenMid-term periodended Sept. 2003
Mid-term periodended Sept. 2002
Period endedMarch 2003

Shareholders' capital ratein millions of yen

Shareholders' capital per sharein percentage

in yen and sen

130,611

43,59633.4

968.62

141,334

41,90429.6

912.68138,148

43,87431.8

974.56

Note: Issued number of shares at the end of period (consolidated) Mid-term period ended September 2003: 45,008,983 shares
Mid-term period ended September 2002: 45,913,999 shares
Period ended March 2003:
45,019,424 shares(3) Consolidated cash flow condition

Cash flow on sales activities

Cash flow on investment
activities

in millions of yen
Mid-term periodended Sept. 2003
Mid-term periodended Sept. 2002
Period ended
March 2003

Cash flow on financial activities

Period end balance of cash andequivalent items

in millions of yen

in millions of yen

in millions of yen-9,804604-2,05819,308-890-1,560-746

25,754

6,688-1,705-3,12330,653(4) Consolidation scope and items relating to application of equity method
Number of consolidated subsidiaries: 11, Number of non-consolidated subsidiaries with equity method applied: none
Number of affiliated companies with equity method applied: 1(5) Consolidation scope and situation on changes in equity method application
Consolidated(new): none, (Excluded): none, Equity method(new): none, (Excluded): none
2. Estimate of consolidated performance of period ending March 2004 (From April 1, 2003 to March 31, 2004)
Sales amount
Ordinary profit
Current net profit
in millions of yen

Full Year

150,000

in millions of yen

1,450

in millions of yen

510(Reference) ①Estimated current net profit per share (for full-year term): 11 yen and 33 sen(Reference) ②Estimated amount of work orders received: 156,000 million yen*The estimate of consolidated performance was produced in accordance with data available as of the date of the announcement.
Thus, actual performance figures may differ from the above estimated figures in accordance with a variety of factors ahead.
As for any items related to the above estimate of consolidated performance, please refer to information at page 5 of attached data.

1