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

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

Representative of Company: Shohei KITANO, Representative Director, President and Chief Operating Officer (C.O.O.)
Inquiries to be addressed to: Hirokazu KAWAKUBO, Director, Senior Executive Corporate Officer, Head of General Administration Division
Scheduled date to file a quarterly report: February 7, 2014
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 third quarter of the period ending March 2014 (From April 1, 2013 to December 31, 2013)(1) Consolidated management performance (Cumulative total)(Percentage figures represent the changes from the same quarter period of the previous accounting year.)

Sales amountOperating income

Million yen
85,01083,600Third quarter of the period ending March 2014
Third quarter of the period ending March 2013

%
1.7
2.1

Million yen
2,191
303

(Reference) Comprehensive income: Third quarter of the period ending March 2014
Third quarter of the period ending March 2013
Net income per share(basic)Yen
Third quarter of the period ending March 2014
Third quarter of the period ending March 2013

Ordinary income
%
621.4
-32.9

Million yen
2,554
649

Net income
%
293.1
80.8

Million yen
1,127
43

%
―
―

3,198 million yen (377.9 %) ,669 million yen (– %)Net income per share(diluted)

Sen
25.28
0.97

Yen

Sen
―
―

(2) Consolidated financial condition
Total assets

Net assets

Million yen
Third quarter of the period ending March 2014
104,958
Period ending March 2013
106,155(Reference) Equity capital:
Third quarter of the period ending March 2014
Period ending March 2013

Equity capital ratio

Million yen
47,33344,98847,151 Million yen,
44,856 Million yen

Net assets per share
%
44.9
42.3

Yen

Sen
1,057.05
1,005.38

2. Dividend status
Annual Dividends
End of first quarter
Yen

End of second quarter
Sen

Yen

End of third quarter

Sen

Yen

Period end

Sen

Period ending March 2013

―

8.00

―

Period ending March 2014

―

8.00

―

Yen

Period ending March 2014 (Forecast)Through year
Sen

Yen

Sen

11.00

19.00

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 2014 (From April 1, 2013 to March 31, 2014)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
126,000

Operating income%
3.3

Million yen
3,500(Note) Presence or absence of revision from earnings forecast published most recently: None
(Reference)Estimated amount of work order received [full year]: 126,000 Million yen

Ordinary income%
27.3

Million yen
3,500

Net income%
6.8

Million yen
1,600

Net income per share%
0.0

Yen Sen35.86

* 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.: None
 Accounting policy change other than : None
Accounting estimate change: None
Revision redisplay: None
(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)

Third quarter of period ending March
2014
Third quarter of period ending March
2014
Third quarter of period ending March
2014

45,963,803 shares

Period ending March 2013

45,963,803 shares

1,357,098 shares

Period ending March 2013

1,347,546 shares

44,610,457 shares

Third quarter of period ending March
2013

44,638,955 shares* Display Concerning State of Quarter Review Procedure Implementation
Quarter report review under the Financial Commodity Transaction Law 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 Settlement, (3) Explanation about Future Estimate Information such as Consolidated Earnings Forecast” on page 2.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2014 (From April 1, 2013 to March 31, 2014)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
125,000

Operating income%
4.1

Million yen
3,500(Note) Presence or absence of revision from earnings forecast published most recently: None
(Reference) Estimated amount of work order received [full year]: 125,000 Million yen

Ordinary income%
33.7

Million yen
3,500

Net income%
11.6

Million yen
1,600

Net income per share%
3.8

Yen Sen35 .86

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2014

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

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

3. Consolidated Financial Statements .................................................................................................. 4(1) Consolidated Balance Sheets ........................................................................................................................... 4(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income ........................... 6
Consolidated Income Statements
Third Quarter Consolidated Cumulative Period .............................................................................................. 6
Consolidated Statements of Comprehensive Income
Third Quarter Consolidated Cumulative Period................................................................................................ 7(3) 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

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 Third Quarter Financial Statements for the Period Ending March 2014

1. Qualitative Information on Current Quarter Business Settlement(1) Explanation about Operating Results
A mild improvement in corporate earnings was seen in Japan’s economy in the current consolidated cumulative
third quarter because of the economic turnaround in overseas business conditions and recovery of production
activity in the industries centering around manufacturing industry against the background of weak yen. In theconstruction industry, despite expectation for activation of private-sector capital investment due to theimprovement in corporate earnings, business conditions did not reach a full-scale recovery because of the factors
including the remaining sense of overcapacity at corporations in the country and investment sentiment with
continued cautious attitude.
Under such circumstances, efforts have thus far been made to secure orders and profits based on the mid-termbusiness plan of “DaiDan Challenging the New Age.” As a result, the following business results were attained in
the current consolidated cumulative third quarter.
Net sales of construction contract orders received was 95,956 million yen with an increase of 7,512 million yen
from the same period of the previous year in spite of severe order taking environments.
Net sales of completed construction contracts were 85,010 million yen with an increase of 1,409 million yen
from the same period of the previous year due to the increase in net sales of construction contract orders received.
Gross profit of completed construction contracts was 9,520 million yen with an increase of 1,896 million yen
from the same period of the previous year because of the improvement in gross profit margin of completed
construction contracts in addition to the increase in net sales of completed construction contracts.
Operating income was 2,191 million yen with an increase of 1,887 million yen from the same period of theprevious year due to the increase in gross profit margin of completed construction contracts.
Ordinary income was 2,554 million yen with an increase of 1,904 million yen from the same period of theprevious year because of the increase in operating income.
Net income was 1,127 million yen with an increase of 1,084 million yen from the same period of the previous
year as a result of the posting of a loss on valuation of investment securities of 40 million yen and provision forloss on litigation of 345 million yen, and the deduction of income taxes-current, income taxes-deferred andminority interests in income.
(2) Explanation about Financial Conditions(Assets)
Current assets at the end of the current third quarter consolidated accounting period were 77,807 million yen
with a decrease of 4,774 million yen from the end of the preceding consolidated accounting year predominantly
because of the decrease in cash and deposits (2,093 million yen), note receivables and accounts receivables oncompleted construction contracts (3,320 million yen) etc. Fixed assets were 27,151 million yen with an increaseof 3,577 million yen from the end of the preceding consolidated accounting year predominantly because of theincrease in investment securities (3,103 million yen) etc.
As a result, total assets were 104,958 million yen with a decrease of 1,196 million yen from the end of thepreceding consolidated accounting year.
(Liabilities)
Current liabilities at the end of the current third quarter consolidated accounting period were 50,933 million yen
with a decrease of 5,412 million yen from the end of the preceding consolidated accounting year mainly becauseof the decrease in notes payable and accounts payable for construction contracts (5,535 million yen) etc. Fixedliabilities were 6,631 million yen with an increase of 1,870 million yen from the end of the preceding consolidated
accounting year predominantly because of the increase in long-term loans payable (268 million yen), the increasein deferred tax liabilities (1,319 million yen) and the posting of provision for loss on litigation (336 million yen).
As a result, total liabilities were 57,625 million yen with a decrease of 3,541 million yen from the end of thepreceding consolidated accounting year.
(Net Assets)
Total net assets at the end of the current third quarter consolidated accounting period were 47,333 million yen
with an increase of 2,345 million yen from the end of the preceding consolidated accounting year. This was
mainly because the posting of the quarterly net income (1,127 million yen) and the increase in valuationdifference on available-for-sale securities (1,999 million yen) exceeded surplus dividend (847 million yen) etc.
As a result, net worth ratio was 44.9% (vs. 42.3% at the end of the preceding consolidated accounting year).

-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2014

(3) Explanation about Future Estimate Information such as Consolidated Earnings forecasts
The full-year earnings forecasts announced on November 7, 2013 remains unchanged.

2. Items Concerning Summary Information (Annotations)(1) Changes in major subsidiaries in the current quarter consolidated cumulative period
No applicable matter.
(2) Application of particular accounting to the preparation of quarter consolidated financial statements
No applicable matter.
(3) Changes in accounting policies, changes in accounting estimates, revision redisplay
No applicable matter.

-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2014

3. Consolidated Financial Statements(1) Consolidated Balance Sheets(in million yen)
Current Third Quarter
Consolidated Accounting Period(December 31, 2013)

Previous Consolidated
Accounting Year
(March 31, 2013)
AssetsCurrent assets
Cash and deposits
Note receivables, accounts receivable fromcompleted construction contracts and other
Securities
Costs on uncompleted construction contracts
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Prepaid pension cost
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets-4-

22,44756,324

20,35453,004

49
314
0
1,003
2,446
-6

－
1,093
0
781
2,578
-5

82,58177,807

3,970
417

3,839
297

11,007
2
6,587
2,222
-632
19,18623,574
106,155

14,111
2
7,306
2,233
-639
23,014
27,151
104,958DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2014

(in million yen)
Current Third Quarter
Consolidated Accounting Period(December 31, 2013)

Previous Consolidated
Accounting Year
(March 31, 2013)
Liabilities
Current liabilities
Notes payable, accounts payable forconstruction contracts
Short-term loans payable
Income taxes payable
Advance received on uncompleted construction
contracts
Provision for bonuses
Provision for directors’ bounses
Provision for warranties for completed
construction
Provision for loss on construction contracts
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Deferred tax liabilities
Provision for retirement benefits
Provision for environmental measures
Provision for loss on litigation
Provision for overseas investment loss
Long-term accounts payable
Other
Total noncurrent liabilities
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets-5-39,97934,444

6,251
788
2,435

5,531
177
3,764

－
－
100

1,100
41
96

391
6,458
56,405162
5,675
50,993

1,378
1,455
1,328
220
－
2
376
0
4,761
61,167

1,647
2,775
1,275
220
336
－
376
0
6,631
57,6254,479
4,809
33,774-660
42,403

4,479
4,809
34,054-665
42,678

2,412

4,412

40
2,453
131
44,988106,155

61
4,473
181
47,333104,958DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2014

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

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

Previous Third Quarter
Consolidated Cumulative Period(From April 1, 2012 to
December 31, 2012)
83,60075,975
7,624
7,320
303

(in million yen)
Current Third Quarter
Consolidated Cumulative Period(From April 1, 2013 to
December 31, 2013)
85,01075,489
9,520
7,329
2,191

9
147
98
193
35

10
164
91
200
33

485

500

117
11
9

113
14
9

139

138

649

2,554

－
37
159
2
－
199
450
70
296
366
83
39
43

4
0
40
0
345
391
2,162
582
414
996
1,165
37
1,127

Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Other
Total non-operating expenses
Ordinary income
Extraordinary loss
Loss on sales of noncurrent assets
Loss on retirement of noncurrent assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Provision for loss on litigation
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-6-DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2014

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

Income before minority interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income(Particulars)
Comprehensive income attributable to ownersof parent
Comprehensive income attributable to minority
interests(in million yen)Previous Third Quarter
Current Third Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2012 to(From April 1, 2013 to
December 31, 2012)
December 31, 2013)
83
1,165

-7-

582

1,999

3
585
669

33
2,032
3,198

627

3,148

41

50

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2014

(3) Annotation Items Concerning Quarterly Consolidated Financial Statements(Notes to Going Concern Assumption)
None(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity)
None
4. Supplementary Information
Divisional amount of work orders received, completed works, and works carried over (consolidated)(in million yen)Previous Third Quarter
Consolidated Cumulative
periodCurrent Third Quarter
Consolidated Cumulative
PeriodPrevious consolidated
accounting year

(From April 1, 2012
to December 31, 2012)(From April 1, 2013
to December 31, 2013)(From April 1, 2012 toMarch 31, 2013)24,171

Component
ratio %
20.1

59.7

71,23059.4

16,633

17.3

24,578

20.5

100.0

95,956100.0

119,980

100.0

42,65648.2

56,58959.0

58,517

48.8

4,345

4.9

9,915

10.3

5,599

4.7

17,39820.8

17,84021.0

24,64920.2

48,44458.0

48,24956.8

71,19458.4

17,75721.2

18,92022.2

26,075

21.4

83,600100.085,010100.0

121,919100.0

43,933

52.6

41,68349.0

63,350

52.0

5,636

6.7

3,376

4.0

6,552

5.4

11,03612.8

15,27316.8

11,08913.952,497

60.6

56,82762.7

47,77759.9

23,015

26.6

18,612

20.5

20,90026.2

86,549100.0

90,713100.0

79,767100.0

23,91827.6

35,26838.9

20,362

25.5

3,366

3.9

10,244

11.3

3,704

4.6

22,023Component
ratio %
23.0

60.1

57,29918,37620.8

88,443

16,866Component
ratio %
19.1

53,199Amount of work orders
received

AmountElectrical work
Air-conditioning work
Plumbing/sanitation
Total（Renewal work）（Overseas work）
Amount of completed
worksElectrical work
Air-conditioning work
Plumbing/sanitation
Total（Renewal work）

Amount of works carried
over（Overseas work）
Electrical work
Air-conditioning work
Plumbing/sanitation
Total（Renewal work）（Overseas work）

Amount-8-

Amount