Brief Report on the First Quarter Financial Statements for the Period Ending March 2012
[Japanese Standard] (Consolidated)
August. 9, 2011
Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Osaka Stock Exchange 1st section

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

Representative of Company :Nobukazu UEBAYASHI, 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: August 10, 2011
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 first quarter of the period ending March 2012 (From April 1, 2011 to June 30, 2011)(1) Consolidated management performance(Cumulative total)(Percentage figures represent the changes from the same quarter period of the previous accounting year.)

Sales amountOperating profit

Ordinary profit

Quarterly net income

Million yen%

Million yen%

Million yen%

Million yen%

21,772
21,114

3.1
-9.5

-629
-796

―
―

-507
-751

―
―

-480
-684

―
―

First quarter of the period ending March 2012
First quarter of the period ending March 2011

(Reference) Comprehensive income: First quarter of the period ending March 2012 -412 million yen (– %), First quarter of the period ending March 2011
-1,004 million yen (– %)Quarterly net income pershare (basic)
YenFirst quarter of the period ending March 2012
First quarter of the period ending March 2011

Quarterly net income pershare (diluted)

Sen-10.76-15.32

Yen

Sen

―
―

(2) Consolidated financial condition
Total assets

Net assets
Million yen%

91,252

40,48844.3

First quarter of the period ending March 2012
Period ended March 2011
(Reference) Equity capital:
First quarter of the period ending March 2012

Shareholders capital rate

Million yen
96,30640,421 Million yen,

41,259Period ending March 2011

42.8
41,193 Million yen

2. Dividend status
Annual Dividends(Base date)

End of first quarter
Yen

Period ending March 2011
Period ending March 2012
Period ending March 2012 (Forecast)End of second quarter
Sen

Yen

―
―

End of third quarter

Sen

Yen

Period end

Sen

Yen

Through year
Sen

Yen

Sen

8.00

―

8.00

16.00

8.00

―

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 2012 (From April 1, 2011 to March 31, 2012)(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 consolidated cumulative period.)

Sales amountSecond quarter(cumulative)
Total period

Operating profit

Ordinary profit

Current net profit

Current net earnings per share

Million yen%

Million yen%

Million yen%

Million yen%

57,500

23.2

1,200

―

1,200

―

500

―

11.19

119,000

8.9

3,500

183.0

3,500

160.5

1,700

200.7

38.04

(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference)(1) Estimated amount of work order received [End of second quarter (Cumulative total)]: 60,500 Million yen(2) Estimated amount of work order received [full year]: 124,000 Million yen

Yen

Sen

4. Others(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 •: NoneƒAccounting 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
ƒ Average numbers of shares in the period (Quarter total)•

First quarter of period ending‚

First quarter of period endingƒFirst quarter of period ending

March 2012
March 2012
March 2012

45,963,803 shares

Period ending March 2011

45,963,803 shares

1,282,730 shares

Period ending March 2011

1,280,170 shares

44,682,270 sharesFirst quarter of period ending

44,700,469 shares

March 2011

* 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 Performance Etc. (3) Qualitative Information on Consolidated Earnings Forecast” on page 2.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2012 (From April 1, 2011 to March 31, 2012)(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 consolidated cumulative period.)

Sales amountSecond Quarter(cumulative)
Total period

Operating profit

Ordinary profit

Current net earnings per share

Current net profit

Million yen%

Million yen%

Million yen%

Million yen%

57,000

23.1

1,200

－

1,200

－

500

－

11.19

118,000

8.9

3,500

179.6

3,500

158.0

1,700

195.7

38.04

(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference)(1) Estimated amount of work order received [End of second quarter (Cumulative total)]: 60,000 Million yen(2) Estimated amount of work order received [full year]: 123,000 Million yen

Yen

Sen

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2012

○ Contents of Information
1. Qualitative Information on Current Quarter Consolidated Business Performance Etc.................. 2(1) Qualitative Information on Consolidated Operating Results ........................................................................... 2(2) Qualitative Information on Consolidated Financial State ................................................................................ 2(3) Qualitative Information on Consolidated Earnings Forecast ........................................................................... 2
2. Items concerning Summary Information (Others) ................................................................................. 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. Quarterly Consolidated Financial Statements .............................................................................. 4(1) Quarterly Consolidated Balance Sheet ............................................................................................................ 4(2) Quarterly Consolidated profit and loss statement and consolidated comprehensive income statement .......... 6
Quarterly Consolidated Profit and Loss Statement
First Quarter Consolidated Cumulative Period ............................................................................................... 6
Quarterly Consolidated comprehensive income statement
First Quarter Consolidated Cumulative Period ................................................................................................. 7(3) Notes to Going Concern Assumption .............................................................................................................. 8(4) 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 First Quarter Financial Statements for the Period Ending March 2012

1. Qualitative Information on Current Quarter Consolidated Business Performance Etc.
(1) Qualitative Information on Consolidated Operating Results
While Japan’s economy in the current first quarter consolidated cumulative period remained in a severe state
due to the effect of the Great East Japan Earthquake disaster, anxiety spread over the domestic production becauseof the prolonged strong yen and power shortage problems etc. despite signs of improvement seen in corporate
production activities with the progress of supply chain recovery.
In the construction industry, order-taking environments remained severe because of factors including private
sector equipment investment lacking in recovery strength and public investment staying at low levels despitesome demand seen for restoration work.
Under these circumstances, efforts were made to secure orders and profits in accordance with the mid-term
management plan “Realize Dynamic Dai-Dan by Going Back to The Starting Point.” As a result, the businessresults for the current first quarter consolidated cumulative period were as given below:
Work on received orders was 25,834 million yen (up 84 million yen from the same period a year ago) despite
the severe order-taking environments.
Completed work was 21,772 million yen (up 658 million yen from the same period a year ago) thanks to theeffect of the increase in work on received orders etc.
Completed work gross profit was 1,942 million yen (up 160 million yen from the same period a year ago)
thanks to the increase in completed work etc.
As for operating profit and loss, operating loss was 629 million yen (down 167 million yen from the same
period a year ago) thanks to the increase in completed work gross profit.
As for ordinary profit and loss, ordinary loss was 507 million yen (down 243 million yen from the same perioda year ago) because exchange loss was 1 million yen (down 82 million yen from the same period a year ago) andbecause of the decrease in operating loss.
As for quarter net profit and loss, quarter net loss was 480 million yen (down 203 million yen from the same
period a year ago) after deduction on corporate tax, resident tax, business tax, adjustment for corporate tax etc.
and minority shareholder profit because investment securities appraisal loss was 136 million yen (down 207
million yen from the same period a year ago) and because of the decrease in ordinary loss.
(2) Qualitative Information on Consolidated Financial State(Assets)
Liquid assets at the end of the current first quarter consolidated accounting period were 71,528 million yen(down 4,983 million yen from the end of the previous consolidated accounting year). Main causes are the decrease(7,637 million yen) in bills receivable, completed work accounts receivable, etc. exceeding the increase (2,397
million yen) in cash and deposits, etc. Fixed assets were 19,723 million yen (down 70 million yen from the end of
the previous consolidated accounting year). Main causes are the decrease (59 million) in intangible fixed assets
and the decrease (120 million yen) in deferred tax assets etc. exceeding the increase (58 million yen) ininvestment securities and the increase (169 million yen) in prepaid pension expense etc.
As a result, total assets were 91,252 million yen (down 5,054 million yen from the end of previous consolidated
accounting year).
(Liabilities)
Liquid liabilities at the end of the current first quarter consolidated accounting period were 46,869 million yen(down 3,863 million yen from the end of the previous consolidated accounting year). Main causes are the decrease(4,978 million yen) in bills payable, work accounts payable, etc. exceeding the increase (907 million yen) in
uncompleted work accounts received etc. Fixed liabilities were 3,894 million yen (down 420 million yen from theend of the previous consolidated accounting year). Main causes are the decrease (385 million yen) in long-termborrowings etc.
As a result, total liabilities were 50,763 million yen (down 4,283 million yen from the end of the previous
consolidated accounting year).
(Net assets)
Total net assets at the end of the current first quarter consolidated accounting period were 40,488 million yen(down 770 million yen from the end of the previous consolidated accounting year). Main causes are quarter net
loss recording (480 million yen) and surplus dividend (357 million yen).
As a result, equity capital ratio was 44.3% (vs. 42.8% at the end of the previous consolidated accounting year).
(3) Qualitative Information on Consolidated Earnings Forecast
Business result forecast for the second quarter consolidated cumulative period and full period published on May
12, 2011 remains unchanged.

-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2012

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

-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2012

3. Quarterly Consolidated Financial Statements(1)Quarterly Consolidated Balance Sheet
Previous Consolidated
Accounting Year
(March 31, 2011)
AssetsCurrent assets
Cash on hand and in banks
Note receivables, completed work accounts
receivables
Securities
Incomplete work expenditures
Inventories of raw materials and supplies
Deferred tax assets
OthersAllowance for bad debts
Total current assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Prepaid pension costs
OthersAllowance for bad debts
Total investments and other assets
Total fixed assets
Total assets-4-(in million yen)
Current First Quarter
Consolidated Accounting Period(June 30, 2011)

23,93826,33548,83941,202

100
387
0
1,092
2,233
-80
76,512

100
763
0
1,352
1,802
-29
71,528

3,391
763

3,406
703

7,033
1,350
5,331
2,978
-1,054
15,63919,79496,306

7,092
1,229
5,501
2,780
-991
15,613
19,723
91,252

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2012

Previous Consolidated
Accounting Year
(March 31, 2011)
Liabilities
Current liabilities
Notes payable, work accounts payable
Short-term loans payable
Corporate tax, etc. payable
Incomplete work accounts received
Reserves for bonuses
Reserves for directors’ premiums
Reserves for completed work compensation
Reserves for work loss
OthersTotal current liabilities
Fixed liabilities
Long-term loans payable
Reserves for retirement benefits
Reserves for environmental measureLong-term accounts payable
Reserves for overseas investment loss
OthersTotal fixed liabilities
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Earned surplus
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive profit
Evaluation difference of other securities
Currency translation adjustment accountTotal accumulated other comprehensive profit
Minority interest equity
Total net assets
Total liabilities and net assets-5-(in million yen)
Current First Quarter Consolidated
Accounting Period(June 30, 2011)

36,344
6,645
2
1,661
−
−
187
811
5,079
50,732

31,365
6,399
0
2,569
651
21
176
776
4,908
46,869

2,095
1,544
220
439
13
0
4,314
55,047

1,710
1,516
220
439
6
0
3,894
50,7634,479
4,809
32,428
-626

4,479
4,809
31,590-627

41,091

40,251

73
28
102
65
41,25996,306

152
17
169
67
40,48891,252

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2012(2)Quarterly Consolidated profit and loss statement and consolidated comprehensive income statement(Quarterly Consolidated Profit and Loss Statement)(First Quarter Consolidated Cumulative Period)

Completed work amountCompleted work costCompleted work gross profit
Selling expenses and general administrative expenses
Operating loss (-)
Non-operating income
Interests received
Dividends received
Insurance claim received
OthersTotal non-operating income
Non-operating expenses
Interest payable
Payment guarantee charge
Loss on foreign exchange
OthersTotal non-operating expenses
Ordinary loss (-)
Special profits
Profit gained by returning allowance for bad debts
Total special profits
Special losses
Loss on sales of fixed assets
Loss on retirement of fixed assets
Evaluation loss on investments in securities
Total special losses
Quarterly net loss before income taxes (-)
Corporate tax, residence tax and business tax
Adjustment amounts such as for corporate taxes
Total corporate tax, etc.
Quarterly net loss before adjustment of profit and lossof minority interests (-)
Profit or loss of minority interests (-)
Quarterly net loss (-)

Previous First Quarter
Consolidated Cumulative Period(From April 1, 2010 toJune 30, 2010)
21,114
19,331
1,782
2,579
-796

-6-

(in million yen)
Current First Quarter
Consolidated Cumulative Period(From April 1, 2011 toJune 30, 2011)
21,772
19,829
1,942
2,572
-629

4
78
85
9
178

3
87
82
10
184

39
1
83
8
133
-751

39
2
1
20
62
-507

70
70

−
−

0
0
344
345
-1,025
20
-358
-338

−
0
136
136
-644
23
-186
-163

-686

-480

-1
-684

0
-480

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2012

(Quarterly Consolidated comprehensive income statement)(First Quarter Consolidated Cumulative Period)
Previous First Quarter
Consolidated Cumulative Period(From April 1, 2010 toJune 30, 2010)(in million yen)
Current First Quarter
Consolidated Cumulative Period(From April 1, 2011 toJune 30, 2011)

-686

-480

-304
-12
-317
-1,004

78
-9
68
-412

-1,005-413

1

1Quarterly net profit before adjustment for minority
shareholder profit and loss
Other comprehensive profit
Evaluation difference of other securities
Currency translation adjustment accountTotal other comprehensive profit
Quarterly comprehensive profit(Particulars)
Quarterly comprehensive profit pertaining toparent company shareholders
Quarterly Comprehensive profit pertaining tominority shareholders-7-

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2012(3)Notes to Going Concern AssumptionNone(4)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 First Quarter
Consolidated Cumulative
periodCurrent First Quarter
Consolidated Cumulative
PeriodPrevious consolidated
accounting year

(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011

(From April 1, 2010 toMarch 31, 2011)

Amount of works carriedoverAmount of completed
works

Amount of work orders
received

AmountComponent
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

3,386

13.2

5,137

19.9

20,76518.8

Air-conditioning work

17,84069.3

14,03554.3

64,94958.6

Plumbing/sanitation

4,524

17.5

6,662

25.8

25,036

22.6

Total

25,750100.0

25,834100.0

110,751

100.0（Renewal work）

12,17547.3

15,44359.8

55,39550.0（Overseas work）

1,310

5.1

2,746

10.6

2,301

2.1

Electrical work

4,357

20.7

3,483

16.0

20,285

18.6

Air-conditioning work

12,202

57.8

14,02464.4

66,206

60.6

Plumbing/sanitation

4,555

21.5

4,264

19.6

22,733

20.8

Total

21,114100.0

21,772100.0

109,224

100.0（Renewal work）

8,883

42.1

9,957

45.7

50,294

46.1（Overseas work）

799

3.8

877

4.0

5,809

5.3

Electrical work

8,651

9.9

11,755

13.3

10,101

11.9

Air-conditioning work

61,95370.6

55,06962.1

55,05965.1

Plumbing/sanitation

17,086

19.5

21,81924.6

19,421

23.0

Total

87,692100.0

88,644100.0

84,582100.0（Renewal work）

19,44522.2

26,66030.1

21,17425.0（Overseas work）

5,437

6.2

3,289

3.7

1,419

1.7

-8-