Brief report on the Financial Statements for the period ending March, 2017
[Japanese Standard] (Consolidated)
May 11, 2017

Name of listed company: DAI-DAN Co., Ltd.
Code No.:1980

Stock Exchange Listing:Tokyo Stock Exchange 1st section
Tel. (06) 6447 - 8003

URL: http://www.daidan.co.jp/

Representative of Company: Shohei KITANO, Representative Director, President
Inquiries to be addressed to: Takayuki IKEDA, Director, Senior Executive Corporate Officer, Head of General Administration
Division
Date scheduled for ordinary shareholders general meeting convention: June 29, 2017
Date scheduled for asset securities report submission:
June 29, 2017
Date scheduled for dividend payment commencement:
June 30, 2017
Creating supplements to the financial statement:
None
Holding a briefing sessions on the financial statement:
Yes(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the period ending March, 2017 (From April 1, 2016 to March 31, 2017)(1) Consolidated management performance
Net sales(Percentage indications show increase or decrease from the previous period.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Million yen%
Million yen%
Million yen%
Million yen%
Period ending March 2017
125,253
-9.5
6,750
3.3
6,939
2.5
4,638
9.2
Period ending March 2016
138,346
13.6
6,537
43.8
6,770
38.9
4,248
45.4
(Note) Comprehensive income Period ending March 2017 4,362 Million yen (121.0%) Period ending March 2016 1,973 Million yen (-75.9%)
Profit per share after
making potential shareadjustments

Equity capital vs. profit Total asset vs. Ordinary Net sales vs. Operating
ratio
profit ratio
profit ratio
Yen SenYen Sen%%%
Period ending March 2017104.02
－
8.3
5.8
5.4
Period ending March 2016
95.26
－
7.9
5.7
4.7
(Reference) Investment income or loss on equity method Period ending March 2017 - Million yen Period ending March 2016 - Million yen
Profit per share(2) Consolidated financial position
Total assets

Net assets

Million yen
Period ending March 2017
Period ending March 2016
(Reference) Equity capital

118,454
122,312Period ending March 2017

Equity capital ratio

Net assets per share
Yen Sen58,00448.8
1,296.64
54,58344.5
1,219.41
57,817 Million yen
Period ending March 2016 54,379 Million yen
Million yen%(3) Consolidated cash flows
Cash flows fromoperating activities
Period ending March 2017
Period ending March 2016

Cash flows frominvesting activities

Million yen
5,395
611

Cash flows fromfinancing activities

Million yen-1,442-493

Cash and equivalents at
end of period

Million yen
-925
-894

Million yen
26,54923,536

2. Dividends
Annual dividends
End of first End of second End of third Period end
quarterquarterquarter
Period ending March 2016
Period ending March 2017
Period ending March 2018
(Forecast)(Note) 1.
(Note) 2.

Throughyear

Yen Sen－－Yen Sen
9.00
10.00

Yen Sen－－Yen Sen
11.00
13.00

Yen Sen
20.00
23.00

－

11.50

－

23.00

－

Total
Dividend Net asset vs.
dividend ratio
dividend
trend(through year) (consolidated) (consolidated)
Million yen
891
1,025

%
21.0
22.1

%
1.7
1.8

21.8

Breakdown of dividend at the end of the current period of March 2016: ordinary dividend 9.00 yen and special dividend 2.00 yen
Breakdown of dividend at the end of the current period of March 2017: ordinary dividend 10.00 yen and special dividend 3.00 yen
Because we are scheduled to have a stock merger of 2 common shares to 1 common share, which will become effective on October 1,
2017, we are describing the period-end dividend per share in March 2018 (expected) as the figure after the stock merger of the shares, andare describing the sum of annual dividends as “-”. The period-end dividend per share (expected) in March 2018 when stock merger is notconsidered will be 11.50 yen and the annual dividend will be 23.00 yen.

3. Estimate of consolidated performance for the period ending March 2018 (From April 1, 2017 to March 31, 2018)(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.)

Net sales
2nd quarter consolidated
cumulative period

Operating profit

Profit attributableto owners of parent

Ordinary profit

Mil. yen%Mil. yen%Mil. yen%Mil. yen%

65,500

11.6

3,200

3.7

3,200

9.9

2,100

14.6

Profit per share
Yen

Sen
94.18

Total period
141,000
12.6
7,200
6.7
7,200
3.8
4,800
3.5
215.28(Reference) 1. Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 70,500 Million yen
2. Estimated net sales of construction contract orders (Total period) 146,000 Million yen(Note)
Because we are scheduled to have a stock merger of 2 common shares to 1 common share, which will become effective on October 1,
2017, we are describing profit per share in the 2nd quarter consolidated cumulative period and total period in the foresight of consolidated
results in March 2018 in the figures where we consider the stock merger. The profits per share of the 2nd quarter consolidated cumulative
period and total period when we do not consider the stock merger are as follows.
The 2nd quarter consolidated cumulative period: 47.09 yen, and total period: 107.64 yen.

* Annotations(1) Changes in key subsidiaries in the period (changes in specific subsidiaries requiring changes of consolidation scope): None
(2) Changes in accounting policies, changes in accounting estimates, restatement
 Changes in accounting policies due to revision of accounting standards etc.: Yes
 Changes in accounting policies other than : None
 Changes in accounting estimates: None Restatement: None
For details, please refer to the section “3. Consolidated Financial Statements and Major Notes (5) Notes to Consolidated
Financial Statements (Changes in Accounting Policy)” on page 12.

(3) Number of issued shares (common stock) Number of issued shares at the end of period (including treasury shares)
Period ending March 2017 45,963,803 shares
Period ending March 2016 45,963,803 shares Number of treasury shares at the end of period
Period ending March 2017 1,373,273 shares
Period ending March 2016 1,368,636 shares Average number of shares during the period
Period ending March 2017 44,593,407 shares
Period ending March 2016 44,598,149 shares

(Reference) Outline of individual performance
1. Individual business results the period ending March 2017 (From April 1, 2016 to March 31, 2017)(Percentage indications show increase or decrease from the previous period.)(1) Individual management performance
Net sales
Operating profit
Ordinary profit
ProfitPeriod ending March 2017

Million yen
123,878

Period ending March 2016

137,072% Million yen
-9.6
6,743

% Million yen
3.9
6,929

% Million yen
3.1
4,630

%
9.8

13.7

43.7

41.1

48.0

Yen
Period ending March 2016

6,721

4,216

Profit per share after
making potential
share adjustments

Profit per share

Period ending March 2017

6,489

Sen
103.83
94.54

Yen

Sen
－
－

(2) Individual financial condition
Total assets
Period ending March 2017
Period ending March 2016
(Reference) Equity capital

Net assets

Million yen
118,127
121,538
Period ending March 2017

Equity capital ratio

Million yen%
57,86849.0
54,161
44.6
57,868 million yen
Period ending March 2016

Net assets per share
Yen Sen
1,297.79
1,214.51
54,161 million yen

2. Estimate of indivisual performance for the period ending March 2018 (From April 1, 2017 to March 31, 2018)(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.)
Profit per
Operating profit
Ordinary profit
Profitshare

Net sales
2nd quarter consolidated
cumulative period

Mil. yen%Mil. yen%Mil. yen%Mil. yen%

65,000

12.0

3,200

4.0

3,200

10.2

2,100

15.1

Yen

Sen
94.18

Total period

140,000
13.0
7,200
6.8
7,200
3.9
4,800
3.7
215.28(Reference) 1. Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 70,000 million yen
2. Estimated net sales of construction contract orders (Total period)
145,000 million yen(Note)

Because we are scheduled to have a stock merger of 2 common shares to 1 common share, which will become effective on October 1,
2017, we are describing profit per share in the 2nd quarter consolidated cumulative period and total period in the foresight of individual
results in March 2018 in the figures where we consider the stock merger. The profits per share of the 2nd quarter consolidated cumulative
period and total period when we do not consider the stock merger are as follows.
The 2nd quarter consolidated cumulative period: 47.09 yen, and total period: 107.64 yen.



Brief report on the financial statements is beyond the object of audit
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 the above forecasts and forecasts of business results, please refer to the section “1. Summary ofOperating Results (4) Future Foresight” on page 3.

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

 Contents of Information
1. Summary of Operating Results ................................................................................................................................2(1) Summary of Operating Results on the Current Accounting Year.......................................................................2(2) Summary of Financial Conditions on the Current Accounting Year .................................................................2(3) Summary of Cash Flows on the Current Consolidated Accounting Year ..........................................................3(4) Future Foresight .................................................................................................................................................3
2. Fundamental Philosophy for Selection of Accounting Standard .............................................................................3
3. Consolidated Financial Statements and Major Notes ..............................................................................................4(1) Consolidated Balance Sheets .............................................................................................................................4(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ........................6(Consolidated Statements of Income) ................................................................................................................6(Consolidated Statements of Comprehensive Income) ......................................................................................7(3) Consolidated Statements of Changes in Equity .................................................................................................8(4) Consolidated Statements of Cash Flows ..........................................................................................................10(5) Notes to Consolidated Financial Statements ....................................................................................................12(Notes to Going Concern Assumption) ...........................................................................................................12(Changes in Accounting Policy) ......................................................................................................................12(Segment Information) ....................................................................................................................................12(Per-share Information) ...................................................................................................................................12(Important Events Subsequent to Balance Sheet Date) ...................................................................................12
4. Individual Financial Statements and Major Notes .................................................................................................13(1) Balance Sheets .................................................................................................................................................13(2) Statements of Income .......................................................................................................................................16(3) Statements of Changes in Equity .....................................................................................................................17(4) Notes to Individual Finance Statements ...........................................................................................................19(Notes to Going Concern Assumption)............................................................................................................19
5. Others ....................................................................................................................................................................19(1) Board Member Changes...................................................................................................................................19(2) Others ...............................................................................................................................................................20

1

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

1. Summary of Operating Results(1) Summary of Operating Results on the Current Accounting Year
Though favorable employment environment continued in the economy of our country in the current
consolidated accounting year, individual consumption transited at low level. In addition, due to unstablefinancial market which arose from the decision of monetary policy by the Bank of Japan, foreign exchange
and stock market etc. continued in a non-transparent state for the future. On the other hand, production andexport bounced up and corporate results showed an improvement driven by USA and China, partly as abright movement.
In the construction industry, public investment solidly transited and private equipment investment transitedsolidly thanks to the improvement of corporate profits.
Under the circumstances, based on our mid-term management plan “Dai-Dan — Creating the environments
our customers require — Always With You,” we tackled the securing of orders received and profit, resulting
in the following results in the current consolidated accounting year.
Net sales of construction contract orders received increased by 503 million yen, resulting in 144,007 million
yen compared to the previous consolidated accounting year.
Net sales of completed construction contracts decreased by 13,092 million yen, resulting in 125,253 million
yen compared to the previous consolidated accounting year.
Gross profit on completed construction contracts increased by 1,075 million yen, resulting in 17,788 million
yen compared with the previous consolidated accounting year, though the amount of completed construction
contracts decreased, but thanks to the improvement of the rate of gross profit on completed construction
contracts.
Operating profit increased by 213 million yen, resulting in 6,750 million yen compared with the previous
consolidated accounting year thanks to the increase of the gross profit of completed construction contracts.
Ordinary profit increased by 168 million yen, resulting in 6,939 million yen compared with the previous
consolidated accounting year thanks to the increase of the operating profit.
Profit attributable to owners of parent increased by 390 million yen, resulting in 4,638 million yen comparedwith the previous consolidated accounting year because of the 52 million yen of gain on sales of non-current
assets as a special profit and 76 million yen caused by a disaster (loss related to the Kumamoto Earthquake)as a special loss were posted, and income taxes-current, income taxes-deferred and the loss attributable tonon-controlling interests were deducted.
(2) Summary of Financial Conditions on the Current Accounting Year
Total asset as of the end of the current consolidated accounting year decreased by 3,857 million yen,resulting in 118,454 million yen compared with the end of the previous consolidated accounting year.
Current assets decreased by 4,187 million yen, resulting in 87,516 million yen compared with the end of theprevious consolidated accounting year. Major factors are the decreases of notes receivable-trade, accounts
receivable for completed construction contracts (6,958 million yen) etc.
Non-current assets increased by 329 million yen, resulting in 30,938 million yen compared with the end of
the previous consolidated accounting year. Major factors are the increase of buildings and structures (688
million yen) etc.
Total liabilities as of the end of the current consolidated accounting year decreased by 7,279 million yen,resulting in 60,450 million yen compared with the end of the previous consolidated accounting year.
Current liabilities decreased by 7,728 million yen, resulting in 53,705 million yen compared with the end of
the previous consolidated accounting year. Major factors are that the decrease of notes payable and accounts
payable for construction contracts (22,016 million yen) surpassed the posting of electronically recorded
liabilities (16,384 million yen) that were introduced from the current consolidated accounting year etc.
Non-current liabilities increased by 449 million yen, resulting in 6,744 million yen compared with the end of
the previous consolidated accounting year. Major factors are the increase of long-term loans payable (653
million yen) etc.
Net assets as of the end of the current consolidated accounting year increased by 3,421 million yen, resulting
in 58,004 million yen compared with the end of the previous consolidated accounting year. Major factors are
the increase of retained earnings (3,702 million yen) etc.

2

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(3) Summary of Cash Flows on the Current Consolidated Accounting Year
Cash and cash equivalents in the current consolidated accounting year (hereinafter referred to as the“funds”) resulted in 26,549 million yen, increasing by 3,012 million yen compared with the end of theprevious consolidated accounting year. The situations of each cash flows and their factors in the current
consolidated accounting year are as follows.
(Cash Flows from Operating Activities)
As a result of operation activities, the funds increased by 5,395 million yen (611 million yen increase in theprevious consolidated accounting year).
The main factors for this is that the increase factors of the funds such as the posting of profit before income
taxes and the decrease in notes and accounts receivable-trade surpassed the decrease factors of the funds
such as the decrease in notes in accounts payable-trade etc.
(Cash Flows from Investing Activities)
As a result of investing activities, the funds decreased by 1,442 million yen (493 million yen decrease in theprevious consolidated accounting year).
Main factor for this is the purchase of property, plant and equipment.
(Cash Flows from Financing Activities)
As a result of financing activities, the funds decreased by 925 million yen (894 million yen decrease in
the previous consolidated accounting year).
Main factor for this is that the repayment of short- and long-term loans payable and dividends paid
surpassed proceeds from short- and long-term loans payable.
(Reference) Transition of cash flow-related indexes
Equity capital ratio
Equity capital ratio at market
value
Cash flow to interest-bearing
liability ratio

Period ending
March 2013

Period ending
March 2014

Period ending
March 2015

Period ending
March 2016

Period ending
March 2017

42.3%

41.7%

46.9%

44.5%

48.8%

21.1%

21.8%

32.2%

27.1%

39.9%

6.0 years

2.4 years

2.5 years

9.7 years

1.1 years

Interest coverage ratio
8.2 times
20.7 times
15.7 times
4.2 times
40.5 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 shares excluding treasury shares.
* Operating cash flow uses cash flows from operating activities given in the Consolidated Statement of Cash Flows.
* Interest-bearing liabilities cover all interest-paying liabilities of the liabilities given in the Consolidated Balance Sheets.
Interest expenses paid given in the Consolidated Statement of Cash Flows is used for interest payment.

(4) Future ForesightIn expectation of an increase in private capital investment due to improved corporate earnings, we forecast
that consolidated operating results of the next period will achieve net sales of construction contract orders
received of 146,000 million yen, net sales of completed construction contracts of 141,000 million yen,
Operating profit of 7,200 million yen, Ordinary profit of 7,200 million yen, and Profit attributable to ownersof parent of 4,800 million yen.

2. Fundamental Philosophy for Selection of Accounting Standard
Dai-Dan group adopts Japanese accounting standards because of small business overseas and less financing
needs from overseas. Adoption of Japanese accounting standards secures comparability with othercompanies in the same business in Japan.

3

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

3. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(in million yen)Previous Consolidated
Accounting Year(As of March 31, 2016)

Current Consolidated
Accounting Year(As of March 31, 2017)

AssetsCurrent assets
Cash and deposits

23,563

26,57656,15749,198

8,095

8,216

385

478

0

0

Deferred tax assets

1,392

1,194

Other

2,117

1,857

-7

-6

91,70487,516

5,392

6,229

Accumulated depreciation-2,908-3,057

Buildings and structures, net

2,484

3,172

Machinery, equipment and vehicles

164

170

-132

-136

32

33

Tools, furniture and fixtures

808

775

Accumulated depreciation

-650

-476

Tools, furniture and fixtures, net

158

298

1,063

1,137

439

51

4,178

4,694

594

682

16,543

16,574

1

0

Net defined benefit asset

7,866

7,560

Other

1,612

1,615

Allowance for doubtful accounts

-188

-188

Total investments and other assets

25,83625,56230,60830,938122,312

118,454

Notes receivable, accounts receivable fromcompleted construction contracts
Electronically recorded monetary claims - operating
Costs on uncompleted construction contracts
Raw materials and supplies

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

Accumulated depreciation
Machinery, equipment and vehicles, net

LandConstruction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets

Total non-current assets
Total assets

4DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

(in million yen)Previous Consolidated
Accounting Year(As of March 31, 2016)

Current Consolidated
Accounting Year(As of March 31, 2017)

Liabilities
Current liabilities
Notes payable, accounts payable for construction

42,067

20,051－

16,384

Short-term loans payable

4,519

3,880

Income taxes payable

1,622

1,143

2,794

3,028

Provision for warranties for completed construction

81

76

Provision for loss on construction contracts

628

254

contracts
Electronically recorded obligations - operating

Advances received on uncompleted construction
contracts

2

－

Other

9,717

8,887

Total current liabilities

61,43453,705Long-term loans payable

1,401

2,054

Deferred tax liabilities

3,208

3,046

Net defined benefit liability

1,376

1,339

Provision for foreign investment loss

5

7

Long-term accounts payable – other

303

296

0

0

6,295

6,744

67,72960,450Capital stock

4,479

4,479

Capital surplus

4,809

4,809

Retained earnings

39,58843,290Treasury shares

-674

-678

48,20351,901

6,326

6,344

Provision for environmental measures

Non-current liabilities

Other
Total non-current liabilities
Total liabilities
Net Assets
Shareholders’ equity

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

20

13

Remeasurements of defined benefit plans

-169

-441

Total accumulated other comprehensive income

6,176

5,916

203

186

54,58358,004

122,312

118,454

Non-controlling interests
Total net assets
Total liabilities and net assets

5DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)Previous Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)
138,346(in million yen)
Current Consolidated
Accounting Year
(From April 1, 2016
to March 31, 2017)
125,253

Cost of sales of completed construction contracts

121,632

107,465

Gross profit on completed construction contracts

16,713

17,788Selling, general and administrative expenses

10,176

11,038Operating profit

6,537

6,750

Net sales of completed construction contracts

Non-operating income
Interest income

137

Dividends income

250

278

Real estate rent34

34

Insurance fee

106

109

5

4

410

434

Interest expenses

144

133

Guarantee commission

11

6

Foreign exchange losses

11

81

Other

9

24

177

245

6,770

6,939

Income on sales of non-current assets

252Gain on sales of investment securities
Profit reversed from the allowance for the loss relating
to the antimonopoly law

4

－

47

－

54

52

Loss on retirement of non-current assets

1

4

Loss on valuation of investment securities

18－

Loss on valuation of golf club membership

2－

Loss on disaster－76

Total extraordinary losses

22

80

Profit before income taxes

6,802

6,911

Income taxes - current

2,405

2,134

Income taxes - deferred

150

147

Total income taxes

2,556

2,282

Profit

4,246

4,628

-2

-10

4,248

4,638

Other
Total non-operating income
Non-operating expenses

Total non-operating expenses
Ordinary profit
Extraordinary income

Total extraordinary income
Extraordinary losses

Loss attributable to non-controlling interests (-)
Profit attributable to owners of parent

6

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

(Consolidated Statements of Comprehensive Income)Previous Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)
4,246(in million yen)
Current Consolidated
Accounting Year
(From April 1, 2016
to March 31, 2017)
4,628

Valuation difference on available-for-sale securities

-470

17

Foreign currency translation adjustment

-39

-12

Remeasurements of defined benefit plans, before tax-1,762-271

Total other comprehensive income-2,273-266

Comprehensive income

1,973

4,362

Comprehensive income attribute toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

1,995

4,378

-22

-16

ProfitOther comprehensive income7DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(3) Consolidated Statements of Changes in Equity
Previous consolidated accounting year (From April 1, 2015 to March 31, 2016)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

4,479

Retained earnings

4,809

Treasury shares

36,186

Total shareholders’equity-669

44,807

Changes of items during the period
Dividends from surplus

-847

-847

Profit attributable to owners ofparent

4,248

4,248

Purchase of treasury shares-5-5

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

－

－

3,401

-5

3,395

Balance at the end of current period

4,479

4,809

39,588-674

48,203

Accumulated other comprehensive income
Non-controlling
Valuation
Foreign currency Remeasurements Total accumulated
interests
difference ontranslationof defined benefit other comprehensive
available-for-saleadjustment
plansincomesecurities
Balance at the beginning of current
period

6,797

39

1,592

8,429

225

Total net assets

53,462

Changes of items during the period
Dividends from surplus-847

Profit attributable to owners ofparent4,248

Purchase of treasury shares
Net changes of items other thanshareholders' equity

-5
-470

-19

-1,762-2,252-22-2,275

Total changes of items during theperiod-470-19-1,762-2,252-22

1,120

Balance at the end of current period

6,326

20

-169

6,176

203

54,5838

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

Current Consolidated Accounting Year (From April 1, 2016 to March 31, 2017)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

4,479

Retained earnings

4,809

Treasury shares

39,588

Total shareholders’equity-674

48,203

Changes of items during the period
Dividends from surplus

-936

-936

Profit attributable to owners ofparent

4,638

4,638

Purchase of treasury shares-4-4

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

－

－

3,702

-4

3,697

Balance at the end of current period

4,479

4,809

43,290-678

51,901

Accumulated other comprehensive income
Non-controlling
Valuation
Foreign currency Remeasurements Total accumulated
interests
difference ontranslationof defined benefit other comprehensive
available-for-saleadjustment
plansincomesecurities
Balance at the beginning of current
period

6,326

20

-169

6,176

203

Total net assets

54,583

Changes of items during the period
Dividends from surplus-936

Profit attributable to owners ofparent

4,638

Purchase of treasury shares
Net changes of items other thanshareholders' equity

-4
17

-6

-271

-259

-16

-276

Total changes of items during theperiod

17

-6

-271

-259

-16

3,421

Balance at the end of current period

6,344

13

-441

5,916

186

58,0049

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(4) Consolidated Statements of Cash Flows(in million yen)
Current Consolidated
Accounting Year
(From April 1, 2016
to March 31, 2017)

Previous Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)
Cash fows from operating activities
Profit before Income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) amount of net defined benefit
liability
Increase (decrease) in provision for environmental
measuresInterest and dividend income
Interest expenses
Increased (decrease) in provision for foreign
investment loss
Loss (gain) on valuation of investment securities
Loss (gain) on sales of investment securities
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Increase (decrease) in loss reserve related toantimonopoly law
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 non-current assets
Decrease (increase) 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
Increase (decrease) in other non-current liabilities
SubtotalInterest and dividends income received
Interest expenses paid
Loss related to antimonopoly law paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities

10

6,802
284
-1

6,911
428
-0

-82

-15

-105

-2

-263
144

-286
133

-0

1

18
-4
-2
1

－
－
-52
4

-47

－

-11,450

6,836

39

-93

-164
4
-749

257
10
-106

4,130

-5,631

1,294

233

2,898
-48
2,696
263
-143
-342
-1,862
611

-577
-6
8,043
286
-130
－
-2,804
5,395

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)
Cash flows from investing activities
Proceeds from withdrawal of time deposits
Payments into time deposits
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
Purchase of other non-current assets
Proseeds from sales of other non-current assets
Net cash provided by (used in) investing activities
Cash flows from financing activities

Current Consolidated
Accounting Year
(From April 1, 2016
to March 31, 2017)

27
-27
-259
2
-4

27
-27
-1,027
26
-4

13

0

-2
3
-269
23
-493

－
1
-506
67
-1,442

Increase in short-term loans payable

39,01035,060Decrease in short-term loans payable-38,710-35,860

Proceeds from long-term loans payable

1,800

3,000

Repayment of long-term loans payable-2,142-2,184

-5

-4

-847

-936

-894

-925

-45

-14

-822

3,012

Cash and cash equivalents at beginning of period

24,35823,536

Cash and cash equivalents at end of period

23,536

26,549Purchase of treasury shares
Cash 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

11

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(5) Notes to Consolidated Financial Statements(Notes to Going Concern Assumption)
No applicable items.
(Changes in Accounting Policy)(Application of the handling in administrative work relating to the change of the method of depreciation
concerning the revision of taxation in FY 2017)
Accompanying the revision of the Corporation Tax Act, we applied “the Handling in Administrative Work
Relating to the Change of the Method of Depreciation concerning the Revision of Taxation in FY 2017”(Administrative Work Response Report No.32 dated June 17, 2016) to the current consolidated accounting
year and the method of depreciation related to the facilities attached to buildings and structures that wereacquired on April 1, 2016 and later was changed from the declining-balance method to the straight-line
method.
The influence by this change is minute.
(Segment Information)
Previous consolidated accounting year (From April 1, 2015 to March 31, 2016) andCurrent consolidated accounting year (From April 1, 2016 to March 31, 2017)
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, 2015 to March 31, 2016)

Current consolidated
accounting year
(From April 1, 2016 to March 31, 2017)

Net assets per share
Profit per share

1,219.41 yen
95.26 yen

1,296.64 yen
104.02 yen(Note) 1. Profit per share after making potential share adjustments is not mentioned because of the absence ofpotential shares.
2. Profit per share is calculated on the basis of the following:
Previous consolidated accounting year

Current consolidated accounting year

(From April 1, 2015 to March 31, 2016)(From April 1, 2016 to March 31, 2017)

4,248

4,638

－

－

4,248

4,638

44,59844,593

Profit attributable to owners of parent(million yen)Amount not belonging to common stock(million yen)
Profit attributable to owners of parent
related to common stock (million yen)
Average number of common stock
shares during the period (thousand
shares)(Important Events Subsequent to Balance Sheet Date)(Change of the number of share unit, stock merger and partial change of the Articles of Incorporation)
At the meeting of the board of directors held today, we made resolutions on the change of the number of shareunit and partial change of the Articles of Incorporation. In addition, at the same meeting of the board of
directors, we made a resolution that stock merger will be an agendum at the 88th annual shareholders’ meeting
which is scheduled to be held on June 29, 2017.

12

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

4. Individual Financial Statements and Major Notes(1) Balance Sheets(in million yen)Previous fiscal year
(As of March 31, 2016)
AssetsCurrent assets
Cash and deposits

Current fiscal year
(As of March 31, 2017)

22,85325,786

Notes receivable - trade

2,456

1,733

Electronically recorded monetary claims - operating

8,095

8,216

Accounts receivable from completed construction
contracts

53,46047,313353

484

Costs on uncompleted construction contracts
Raw materials and supplies

00Prepaid expenses

15

12

Advances paid

771

897

Deferred tax assets

1,388

1,192

Other

1,316

934

-6

-6

90,706

86,565

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

5,246

6,061

Accumulated depreciation-2,792-2,935

Buildings, net

2,454

3,125

143

165

-115

-120

27

44

15

15

-10

-11

4

3

126

133

-100

-103

25

29

Tools, furniture and fixtures

777

751

Accumulated depreciation

-623

-455

Tools, furniture and fixtures, net

154

295

1,063

1,137

439

51

4,170

4,689

Software

82

613

Other

507

65

Total intangible assets

590

679

Buildings

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

LandConstruction in progress
Total property, plant and equipment
Intangible assets

13

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

(in million yen)Previous fiscal year
(As of March 31, 2016)
Investments and other assets
Investment securities
Stocks of subsidiaries and associates
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andassociates
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 non-current assets
Total assets
Liabilities
Current liabilities
Notes payable - trade
Electronically recorded obligations - operating
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 environmental measures
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Provision for retirement benefits
Provision for foreign investment loss
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities

14

Current fiscal year
(As of March 31, 2017)16,478289
516,508
289
3

44

44

654
144

649
144

29

27

7,918
597
94
-186
26,07130,831
121,538

8,025
595
93
-187
26,19331,561
118,127

7,047－
34,899
2,700
1,819
1,026
3,615
1,602
643

2,718
16,384
17,174
1,900
1,980
629
3,323
1,142
841

2,755

3,019

3,688
688
81
628
2
2
61,201

3,323
714
75
254
－
10
53,492

1,401
3,283
1,181
5
303
0
6,175
67,376

2,054
3,240
1,166
7
296
0
6,765
60,258DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

(in million yen)Previous fiscal year
(As of March 31, 2016)

Current fiscal year
(As of March 31, 2017)

Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Legal capital surplus
Other capital surplus

4,479

4,479

4,716
93

4,716
93

Total capital surplus

4,809

4,809

1,119

1,119

55

51

29,7208,324
39,220-674
47,83529,72012,022
42,913-678
51,524

Valuation difference on available-for-sale securities

6,326

6,344

Total valuation and translation adjustments

6,326

6,344

54,161

57,868

121,538

118,127

Retained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced depreciation of
non-current assets
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders’ equity
Valuation and translation adjustments

Total net assets
Total liabilities and net assets

15

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(2) Statements of Income(in million yen)

Net sales of completed construction contracts
Cost of sales of completed construction contracts

Previous fiscal year
(From April 1, 2015 toMarch 31, 2016)
137,072
120,555

Current fiscal year
(From April 1, 2016 to
March 31, 2017)
123,878
106,237

Gross profit on completed construction contracts

16,517

17,641

Selling, general and administrative expenses

10,027

10,898Operating profit

6,489

6,743

10
250
34
106
5

5
278
34
109
3

407

432

144
11
10
9

132
6
82
24

175

246

6,721

6,929

0
4

52
－

47

－

52

52

1
18
2
－

4
－
－
76

Total extraordinary losses

22

80

Profit before income taxes

6,751

6,900

Income taxes – current
Income taxes – deferred

2,383
152

2,125
145

Total income taxes

2,535

2,270

Profit

4,216

4,630

Non-operating income
Interest income
Dividend income
Real estate rent
Insurance fee
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Profit reversed from the allowance for the loss relating
to the antimonopoly law
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Loss on disaster

16

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(3) Statements of Changes in Equity
Previous Fiscal Year (From April 1, 2015 to March 31, 2016)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Capital

Legal

Other

Total

Legal

stock

capitalcapitalcapitalretained

surplussurplussurplusearnings

Reserve foradvanced

Generaldepreciationof non-current

reserve

period

4,479

4,716

93

4,809

1,119

58

Total

earnings

retainedbrought

earnings

forwardassetsBalance at the beginning of current

Retained

29,7204,952

35,850Changes of items during the period
3－

Dividends from surplus

-847

-847

Profit

4,216

4,216

Reversal of reserve-3

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

－

－

－

－

－

-3

－

3,372

3,369

4,479

4,716

93

4,809

1,119

55

29,7208,324

39,220Shareholders’ equity
Total shareholders’

Treasury shares
Balance at the beginning of current
periodValuation and translation adjustments

equity-669

44,471

Valuation difference

Total valuation andon available-for-saletranslation

securities

adjustments

6,797

6,797

Total net assets

51,268Changes of items during the period－

Reversal of reserve disposition－

Dividends from surplus

-847

-847

Profit

4,216

4,216

-5

-5

Purchase of treasury shares-5

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

-470

-470

-470

-5

3,363

-470

-470

2,892

-674

47,835

6,326

6,326

54,16117

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

Current Fiscal Year (From April 1, 2016 to March 31, 2017)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Capital

Legal

Other

stock

capitalcapitalsurplussurplus

Total capitalsurplusReserve forLegalretainedearnings

advanceddepreciation of
non-current

Generalreserve

period

4,479

4,716

93

4,809

1,119

55

Total

earnings

retainedbrought

earnings

forwardassetsBalance at the beginning of current

Retained

29,7208,324

39,220Changes of items during the period
3－

Dividends from surplus

-936

-936

Profit

4,630

4,630

Reversal of reserve-3

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

－

－

－

－

－

-3

－

3,697

3,693

4,479

4,716

93

4,809

1,119

51

29,72012,022

42,913

Shareholders’ equity
Treasury shares
Balance at the beginning of current
period-674

Valuation and translation adjustments

Total shareholders’equity47,835

Valuation difference on Total valuation andavailable-for-saletranslation

securities

adjustments
6,326

6,326

Total net assets

54,161

Changes of items during the period
－

－

-936

-936

4,630

4,630

-4

-4

Reversal of reserve
Dividends from surplus
ProfitPurchase of treasury shares-4

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

17

17

17

-4

3,689

17

17

3,707

-678

51,524

6,344

6,344

57,86818

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(4) Notes to Individual Financial Statements(Notes to Going Concern Assumption)
None

5. Others(1) Board Member Changes
1) Changes in Representative Directors
None2) Change in other board members• Nominees as new director
Director, Corporate Officer, Deputy Group Head of Technical Construction Group, Head of the TechnicalConstruction Division and Deputy General Manager of Tokyo Head OfficeKazuhiko Chikaraishi(currently, Senior Corporate Officer,
Deputy Group Head of TechnicalConstruction Group, Head of the TechnicalConstruction Division and Deputy General
Manager of Tokyo Head Office)3) Scheduled Date of Appointment
June 29, 201719

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017(2) Others
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received(in million yen)

Electrical equipment
installations
Air-conditioning
installations

Previous consolidated
accounting year

Current consolidated
accounting year

(From April 1, 2015
to March 31, 2016)
Component
Amountratio %

(From April 1, 2016
to March 31, 2017)
Component
Amountratio %

Difference

Amount%27,70019.3

28,933

20.1

1,232

4.4

83,88058.5

84,106

58.4

226

0.3

Plumbing

31,92222.2

30,967

21.5

-955

-3.0

Total

143,503100.0

144,007

100.0

503

0.4

(Renovations)

75,81452.8

74,31351.6-1,500-2.0(Overseas operations)

4,260

3.0

4,246

3.0

-13

-0.3

30,80522.3

25,926

20.7-4,878-15.8

77,29855.9

72,501

57.9-4,797-6.2

Plumbing

30,242

21.8

26,825

21.4-3,416

-11.3

Total

138,346100.0

125,253

100.0-13,092-9.5(Renovations)

77,42156.0

71,35557.0-6,065-7.8(Overseas operations)

9,381

6.8

4,560

3.6

-4,820-51.4

14,42514.8

17,432

15.0

3,006

20.8

59,37960.8

70,98560.9

11,605

19.5

Plumbing

23,921

24.4

28,063

24.1

4,141

17.3

Total

97,727100.0

116,480

100.0

18,753

19.2(Renovations)25,661

26.3

28,618

24.6

2,957

11.5

(Overseas operations)

2,942

3.0

2,628

2.3

-314

-10.7

Electrical equipment
installations
Air-conditioning
installations

Electrical equipment
installations
Air-conditioning
installations

20

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2017

Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (individual)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received(in million yen)

Electrical equipment
installations
Air-conditioning
installations

Previous fiscal year

Current fiscal year

(From April 1, 2015
to March 31, 2016)
Component
Amountratio %

(From April 1, 2016
to March 31, 2017)
Component
Amountratio %

Difference

Amount%27,46519.3

28,700

20.1

1,235

4.5

83,33558.5

83,486

58.5

151

0.2

Plumbing

31,57222.2

30,614

21.4

-957

-3.0

Total

142,372

100.0

142,801

100.0

428

0.3

(Renovations)

74,66852.4

73,10051.2-1,568-2.1(Overseas operations)

3,814

2.7

3,747

2.6

-66

-1.7

30,47522.2

25,63020.7-4,845-15.9

76,68256.0

71,86058.0-4,822-6.3

Plumbing

29,91421.8

26,38721.3-3,526

-11.8

Total

137,072

100.0

123,878

100.0-13,194-9.6(Renovations)

76,134

55.5

69,96556.5-6,168-8.1(Overseas operations)

8,751

6.4

3,963

3.2

-4,787-54.7

14,332

14.7

17,401

15.0

3,069

21.4

59,24860.8

70,87460.9

11,625

19.6

Plumbing

23,80624.5

28,033

24.1

4,227

17.8

Total

97,386100.0

116,309100.0

18,922

19.4(Renovations)25,31826.0

28,453

24.5

3,134

12.4

(Overseas operations)

2,779

2.9

2,563

2.2

-216

-7.8

Electrical equipment
installations
Air-conditioning
installations

Electrical equipment
installations
Air-conditioning
installations

21