Financial Results
Material for the Period
Ended March 2024
May 9, 2024

Contents

Consolidated Performance Summary
Full-Year Financial Closing Highlights
Full-Year Earnings Forecast for the
Period Ending March 2025
Reference: DATA FILE (Full Year)2

Full-Year Financial Results for
the Period Ended March 2024

Consolidated
Performance
Summary3

Consolidated Performance Summary
Overview of consolidated management indicators, etc. (operating results)
Period ended
March 2023

Period ended
March 2024

Increase(Decrease)(Millions of yen)
Change rate

Net sales of uncompleted construction contracts at
beginning of period

163,782

184,158

20,375

12.4%

Net sales of construction contract orders received

206,337
185,961
22,624
12.2%
8,428
4.5%
9,288
5.0%
6,626
3.6%
154.78*yen
7.7 times
8.3%

253,134
197,431
26,217
13.3%
10,877
5.5%
11,918
6.0%
9,087
4.6%
212.10*yen
11.7 times
10.3%

46,796
11,469
3,593
1.1p
2,449
1.0p
2,630
1.0p
2,460
1.0p
57.32 yen
4.1 times
2.0p

22.7%
6.2%
15.9%
–
29.1%
–
28.3%
–
37.1%
–
37.0%
–
–

Net sales of completed construction contracts
Gross profit on completed construction contracts
Gross profit margin of completed construction contracts (%)
Operating profit
Operating profit margin (%)
Ordinary profit
Ordinary profit margin (%)
Net profit attributable to owners of parent
Net profit margin (%)
Earnings per share (EPS)
Price earnings ratio (PER)
Return on equity (ROE)* The Company executed a 2-for-1 stock split of its common stock as of October 1, 2023. Earnings per share (EPS) are calculated on the assumption that the stock
split was executed at the beginning of the previous consolidated fiscal year.

Business environment and the Company’s performance summary Net sales of construction contract orders received grew substantially compared to the previous period thanks to orders for large-scale
semiconductor plants and automotive battery plants.
 Net sales of completed construction contracts increased as measures taken mainly for securing large-scale general construction projects
encouraged steady progress with uncompleted construction contracts.
 In addition to the increase in net sales of completed construction contracts, order receipts at appropriate prices enabled by theunderstanding of our customers about rising material prices and labor shortages caused the gross profit margin of completed construction
contracts to increase; this pushed up both gross profit on completed construction contracts and operating profit.
© 2024 DAI-DAN Co.,Ltd.

4

Consolidated Performance Summary
Breakdown of increase/decrease in consolidated operating profit(Millions of yen)

2,198

Increase Decrease

10,877(1,144)
1,395
8,428

Period ended March 2023

Increase in net sales ofcompleted construction
contracts

Increase in gross profit marginof completed construction
contracts

Increase in SG&A expenses

Period ended March 2024

 Net sales of completed construction contracts increased significantly due to steady progress with the large amount of construction work carriedover from the previous period.
 As shown in the previous page, gross profit margin of completed construction contracts increased due to improved profits.
 The increase in SG&A expenses is attributable to expenses for “DX investments, including investment in raising efficiency in field operation andoffice work,” “R&D and depreciation in new businesses and construction efficiency improvement,” “business activities associated with recent
business expansion,” etc.
© 2024 DAI-DAN Co.,Ltd.

5

Consolidated Performance Summary
Trends in consolidated net sales by construction type(Millions of yen)

Net sales(uncompleted)

Net sales(completed)

Orders received

Period ended
March 2023

Period ended
March 2024

Increase(Decrease)

Change rate

Electrical installations

28,741

39,236

10,49536.5%

Air conditioning andplumbing installations

177,596

213,897

36,300

20.4%

Total

206,337

253,134

46,796

22.7%

Electrical installations

32,87930,880(1,998)-6.1%

Air conditioning andplumbing installations

153,082

166,550

13,467

8.8%

Total

185,961

197,431

11,469

6.2%

Electrical installations

19,324

27,681

8,356

43.2%

Air conditioning andplumbing installations

164,833

212,179

47,346

28.7%

Total

184,158

239,861

55,70230.2%

 Orders received for both electrical installations and air conditioning and plumbing installations increased significantly year-on-year, hitting arecord high.
 Net sales (completed) increased thanks to steady progress in large-scale construction projects including industrial facilities and airports as wellas heat source construction work for overseas resort facilities.
 Net sales (uncompleted) increased significantly, supported by construction contracts carried over from the previous period and orders for largescale projects such as industrial facilities, medical facilities, and redevelopment projects.
© 2024 DAI-DAN Co.,Ltd.

6

Consolidated Performance Summary
Overview of consolidated management indicators, etc. (financial position)(Millions of yen)
Period ended
March 2023

Period ended
March 2024

Increase(Decrease)

Major factors behind increase/decrease
and annotation items

Change rate

Net assets

82,424

93,987

11,562

14.0%

Total assets

148,544

160,553

12,0098.1%

Book value per share (BPS)

1,920.67 *yen

2,187.86*yen

267.19 yen

13.9%Price book-value ratio (PBR)

0.62 times

1.14 times

–

–

55.4%

58.4%

3.0p

–

Equity capital ratio

Increases in retained earnings and valuationdifference on available-for-sale securities
Recording of receivables and payables
associated with sales growth
PBR improvement to over 1x as stock price rises(Reference) Closing stock price as of Mar. 31, 2023:
1,184 yen
Closing stock price as of Mar. 31, 2024:
2,491 yen

* The Company executed a 2-for-1 stock split of its common stock as of October 1, 2023. Book value per share (BPS) is calculated on the assumption that the stock
split was executed at the beginning of the previous consolidated fiscal year.

Overview of consolidated management indicators, etc. (cash flows)(Millions of yen)
Period ended
March 2023

Period ended
March 2024

Increase(Decrease)

Major factors behind increase/decrease
and annotation items

Change rate

Cash flows from operating activities

15,941

596(15,344)–

Cash flows from investing activities(4,729)

(603)

4,125

–

Cash flows from financing activities(2,218)(2,829)(611)–

Cash and cash equivalents at
beginning of period

16,03725,348

9,310

58.1%

Increase/decrease in cash and cash
equivalents

9,310(2,682)(11,993)–

Cash and cash equivalents at end ofyear

25,34822,665(2,682)-10.6%© 2024 DAI-DAN Co.,Ltd.

Advance payment of construction costs
associated with sales growth
Used:

Reconstruction of Niigata Branch
Construction of offsite facilities
Provided: Sale of investment securities
Payment of dividends

7Consolidated Performance Summary
Breakdown of cash flows (Trends in period-end balance of cash and cash equivalents)(Millions of yen)

596
Operating CF

Increase Decrease(603)
Investing CF

Period-end
cash and cash
equivalents
25,348Period ended
March 2023

154
Translationdifferences(2,829)Financing CF

Period-end
cash and cash
equivalents
22,665Period ended
March 2024

 Regarding the breakdown of cash flows, increases or decreases in net cash over three categories are attributable to different factors: Operating
CF (advance payment of construction costs associated with sales growth), Investing CF (Used: reconstruction of Niigata Branch andconstruction of offsite facilities, Provided: Sale of investment securities), and Financing CF (Payment of dividends).
 We have signed commitment credit line agreements with three banks for efficient working capital financing.
© 2024 DAI-DAN Co.,Ltd.

8

Full-Year Financial Results for
the Period Ended March 2024

Full-Year Financial
Closing Highlights
9Status of construction orders received
Renovations, direct orders, and public works(Millions of yen)
Period ended March 2023
First half year

Second halfyear49,121

34,569Ratio of renovations (%)

39.3%

Mid-to-large renovations
Small-scale renovations

Period ended March 2024

Year-on-year changeFirst half year

Second halfyear

83,691

41,73742,25983,997

305

0.4%

42.5%

40.6%

32.5%

33.9%

33.2%

-7.4p

–

23,57815,44039,01818,626

19,28637,912(1,105)-2.8%

25,543

19,12944,673

23,111

22,972

46,084

1,410

3.2%

75,84446,801

122,646

86,78582,351

169,137

46,49037.9%

Total orders received

124,966

81,371

206,337

128,523

124,610

253,134

46,796

22.7%

Of which, direct orders

55,333

34,95990,29349,35867,030116,389

26,095

28.9%

44.3%

43.0%

43.8%

38.4%

53.8%

46.0%

2.2p

–

12,381

7,449

19,83018,097

12,54330,64010,809

54.5%

9.9%

9.2%

9.6%

14.1%

10.1%

12.1%

2.5p

–

Renovations

General construction works

Ratio of direct orders (%)
Of which, public works
Ratio of public works (%)

Full year

Full year

Increase(Decrease)

Change rate Renovations were in line with the initial plan and on a par with the previous period.
 General construction work increased significantly thanks to orders received mainly for industrial facilities.
 Direct orders were significantly boosted by large-scale semiconductor plant projects received.
 Public work grew substantially thanks to large-scale project orders received.

© 2024 DAI-DAN Co.,Ltd.

10

Status of construction orders received
Industrial facilities(Millions of yen)
Period ended March 2023
First half year

Second half
year

Period ended March 2024
Full year

First half year

Second halfyear

Year-on-year change
Full year

Increase(Decrease)

Change rate

Total industrial facilities

53,74437,436

91,181

65,76479,439145,203

54,022

59.2%(Share of total orders: %)

43.0%

46.0%

44.2%

51.2%

63.7%

57.4%

13.2p

–

124,966

81,371

206,337

128,523

124,610

253,134

46,796

22.7%

Total orders received* Factories, labs, data centers, and logistics facilities are classified as “industrial facilities.”

Trends in industrial facility orders received
Industrial facilities

Of which, small-scale work

Industrial facilities’ share of total orders(Millions of yen)

150,000

11,701

120,000

60%
50%

90,00040%

12,09960,00010,83030,000070%

 Orders received for industrial facility
construction increased significantly fromlarge-scale semiconductor plants andautomotive battery plants; industrial
facilities’ share of total orders was well
above our target of 50%.

55,69554,820Period ended
March 2020

Period ended
March 2021

© 2024 DAI-DAN Co.,Ltd.

133,502

12,02362,611

Period ended
March 2022

30%
20%

79,082

10%
Period ended
March 2023

Period ended
March 2024

0%

11

Status of construction orders received
Overseas operations
 Singapore (Branch and DAI-DAN INTERNATIONAL ASIA PTE. LTD.), Thailand (DAI-DAN (THAILAND) CO., LTD.), Vietnam (DAI-DAN(VIETNAM) CO., LTD. (non-consolidated)), and Taiwan (DAI-DAN Taiwan Co., Ltd. (non-consolidated)) are the bases of our overseas
operations.

(Millions of yen)

Period ended March 2023
First half year
Total overseas orders
received (consolidated)(Share of total orders: %)Total orders received

Second half
year

Period ended March 2024
Full year

First half year

7,149

10,277

17,426(2,964)-14.5%

10.8%

8.5%

9.9%

5.6%

8.2%

6.9%

-3.0p

–

124,966

81,371

206,337

128,523

124,610

253,134

46,796

22.7%

DAI-DAN (THAILAND)
Overseas share of total orders

20,0002,553

15,0005,000
0-5,000

889

1,228

9,369

8,511

Period ended
March 2020

Period ended
March 2021

© 2024 DAI-DAN Co.,Ltd.

Change rate

20,390(Consolidated)

10,000

Increase(Decrease)

6,904

SINGAPORE (BRANCH & DAI-DAN INTERNATIONAL ASIA)

25,000

Full year

13,486

Trends in overseas construction orders received(Millions of yen)

Second halfyear

Year-on-year change

238

17,838

11,149Period ended
March 2022

Period ended
March 2023

1,999

15,428Period ended
March 2024

 Singapore saw a significant year-on-year
decrease due to the lack of large projectorders in the first half of the year; however,order receipts for large projects were
12.5%
favorable in the second half, bringing thefull-year total to approx. 85% of the previous
period’s level when the largest amount inrecent years was recorded.
7.5%
 Construction orders received in Thailand
decreased from the previous period whenorders for factory projects were strong, and2.5%
yet achieved a high level again at approx. 2billion yen for the current period.
-2.5%

12

Status of completed construction contracts(Millions of yen)
Period ended March 2023

Period ended March 2024

Year-on-year change

Monetary amountComposition ratio

Monetary amountComposition ratio

Monetary amount

185,961

100.0%

197,431100.0%

11,4696.2%

84,28545.3%

81,76941.4%(2,515)-3.0%(Industrial facilities)

75,87440.8%

86,27743.7%

10,402

13.7%(Overseas operations)

17,233

9.3%

19,023

9.6%

1,789

10.4%

Total net sales of completed
construction contracts
Of which; (Renovations)

Change rate

* The figures in the table include a certain amount of overlap, as calculation is done by construction type: renovations, industrial facilities, and overseas operations.

Consolidated net sales of completed construction contracts(Millions of yen)

200,000

150,000

100,000

50,0000

Period ended
March 2020

Renovations© 2024 DAI-DAN Co.,Ltd.

Industrial facilities

Period ended
March 2021

Period ended
March 2022

Overseas operations

Period ended
March 2023

 Renovations decreased with the increase inorder intake for general construction
projects.
 Industrial facility construction work
increased primarily due to progress inlarge-scale construction projects forfactories and data centers.
 In addition to the above, progress inprojects for airports and redevelopment
projects in urban areas centering on Tokyo
and Osaka pushed up the net sales ofcompleted construction contracts as awhole.

Period ended
March 2024

Total net sales of completed construction contracts

13

Status of uncompleted construction contracts(Millions of yen)
Period ended March 2023

Period ended March 2024

Year-on-year change

Monetary amountComposition ratio

Monetary amountComposition ratio

Monetary amount

Change rate

Net sales of uncompleted
construction contracts at
beginning of period

163,782–

184,158–

20,375

12.4%

Net sales of construction contract
orders received

206,337–

253,134–

46,796

22.7%

Net sales of completed
construction contracts

185,961–

197,431–

11,4696.2%

Net sales of uncompleted
construction contracts

184,158

100.0%

239,861

100.0%

55,70230.2%

Of which; (Renovations)

36,302

19.7%

38,529

16.1%

2,227

6.1%

(Industrial facilities)

60,56732.9%

119,493

49.8%

58,926

97.3%(Overseas operations)

15,996

8.7%

14,4006.0%(1,596)-10.0%* The figures in the table include a certain amount of overlap, as calculation is done by construction type: renovations, industrial facilities, and overseas operations.

Consolidated net sales of uncompleted construction
contracts(Millions of yen)

250,000
200,000
150,000
100,000

50,0000Renovations

Period ended
March 2020

Period ended
March 2021

Industrial facilities© 2024 DAI-DAN Co.,Ltd.

Period ended
March 2022

Overseas operations

Period ended
March 2023

Period ended
March 2024

Total net sales of uncompleted construction contracts

 Uncompleted construction contracts for the current
period increased significantly compared to theprevious period due to a substantial year-on-yearincrease in net sales of construction contract orders
received, which exceeded net sales of completed
construction contracts.
 A sufficient volume of unfinished construction
projects has been secured, especially for industrial
facilities, which will contribute to the future value ofwork done.
 In view of this, in the next period, progress with
uncompleted construction contracts is expected tomake a significant contribution as a huge boost to
net sales of completed construction contracts.

14Quarterly operating results(Millions of yen)

Net sales of
construction
contract orders
received

Net sales ofcompleted
construction
contracts

Operating profit

Period ended March
2023

Period ended March
2024

Increase(Decrease)

April–June

66,71267,005292

0.4%

July–September

58,25361,518

3,265

5.6%

October–December

40,61785,92445,307111.5%

January–March

40,75438,685(2,067)-5.1%

April–December

206,337

253,134

46,797

22.7%

April–June

35,342

40,731

5,389

15.2%

July–September

47,34850,574

3,226

6.8%

October–December

47,39848,197799

1.7%January–March

55,87357,927

2,054

3.7%

April–March

185,961

197,431

11,470

6.2%

April–June

818

691

(126)

-15.5%

July–September

2,832

2,340

(492)

-17.4%

October–December

1,521

3,311

1,790

117.8%

January–March

3,257

4,534

1,277

39.2%

April–March

8,428

10,877

2,449

29.1%

Change rate Net sales of construction contract orders received increased considerably from the previous period thanks to orders for large-scaleindustrial facilities received in the period from October to December.
 Net sales of completed construction contracts posted growth with steady progress mainly in industrial facilities and redevelopment
projects.
 Operating profit also showed a year-on-year increase, reflecting improvement in profit from unfinished construction projects in the period
from October to March.
© 2024 DAI-DAN Co.,Ltd.

15

Full-Year Financial Results for
the Period Ended March 2024

Full-Year Earnings
Forecast for the
Period Ending
March 202516

Full-year earnings forecast
Consolidated full-year earnings forecast(Millions of yen)
Period ended March
2024

Period ending March
2025

Full year

Recent forecast[Full year]

Year-on-year change, full year
Increase (Decrease)

Change rate

Net sales of construction contract
orders received

253,134

250,000(3,134)-1.2%

Net sales of completed construction
contracts

197,431250,000

52,56926.6%

26,21733,000

6,783

25.9%

13.3%

13.2%

-0.1p

–

10,877

15,000

4,123

37.9%

5.5%

6.0%

0.5p

–

11,91815,300

3,382

28.4%

6.0%

6.1%

0.1p

–

9,087

11,000

1,913

21.1%

4.6%

4.4%

-0.2p

–

10.3%

11.3%

1.0p

–

Gross profit on completed
construction contracts
Gross profit margin of completed
construction contracts (%)
Operating profit
Operating profit margin (%)
Ordinary profit
Ordinary profit margin (%)
Net profit attributable to owners ofparentNet profit margin (%)
Return on equity (ROE)

Preconditions for earnings forecast The Stage 2030 Mid-Term Management Plan Phase 2 《Refining Stage》 (FY2024 – FY2026) announced today is positioned as the threeyear period for bolstering overall group capabilities. Regarding earnings forecast for the period ending March 2025, net sales of
construction contract orders received are expected at the same level as the previous period, which was the highest ever, and net sales ofcompleted construction contracts are expected to hit a new high, as the Company has secured uncompleted construction contracts
brought forward.
 While gross profit margin on completed construction contracts is expected to remain at the same level as the previous period,
considerable growth with net sales of completed construction contracts is expected to push operating profit to a record high as well.
© 2024 DAI-DAN Co.,Ltd.

17

Shareholder return
Shareholder return policy
 We consider returning profits to our shareholders through profit distribution as the most important management issue and strive to build asound financial structure.
 As announced today in the Stage 2030 Mid-Term Management Plan Phase 2 《Refining Stage》, aiming to further promote profit return toshareholders and implement a more stable dividend policy, we have adopted a new dividend policy of “Dividend payout ratio of 40% or
higher (Dividend payout ratio +5pt compared to) and a minimum DOE of 4% (DOE: newly set)” starting from the period ending March 31,
2025.

Dividend status
Full-year dividend

Total dividend(Total sum)

Dividend ratio(Consolidated)

Dividend on
equity ratio(Consolidated)

End of second
quarter

End of period

Yen SenYen SenYen SenMillion yen%%

Period ended March 2023

45.00

55.00

100.00

2,150

32.3%

2.7%

Period ended March 2024
(On the pre-stock split basis)

55.00

48.00
(96.00)―(151.00)

3,246

35.6%

3.7%

Period ending March 2025 (Forecast)

52.00

52.00

104.00

4,472

40.5%

4.6%

© 2024 DAI-DAN Co.,Ltd.

Total

18

Reference:
DATA FILE(Full Year)
19

Consolidated net sales of construction orders received
by construction type (Full year)(Millions of yen)
Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

Electrical installations

30,88527,23627,25428,741

39,236Air conditioning andplumbing installations

139,236

149,289

156,414

177,596

213,897

Total

170,121

176,526

183,668

206,337

253,134(Millions of yen)
280,000

Consolidated net sales of construction orders received(by construction type)240,000

39,236200,000
160,000

28,74130,88527,23627,254

Electrical installations
Air conditioning andplumbing installations

120,000
80,000213,897
139,236

149,289

156,414

Period ended
March 2021

Period ended
March 2022

177,596

40,0000© 2024 DAI-DAN Co.,Ltd.

Period ended
March 2020

Period ended
March 2023

Period ended
March 2024

20

Trends in consolidated orders received(Orders received / Renovations) (Full year)(Millions of yen)
Period ended
March 2020
Net sales of
construction contract
orders received

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

170,121

176,526

183,668

206,337

253,134

Renovations

85,00177,75489,224

83,691

83,997

Percentage ofrenovations

50.0%

44.0%

48.6%

40.6%

33.2%

Trends in consolidated orders received(Orders received / Renovations [Orders received / Percentage])(Millions of yen)
300,000

60.0%

250,000

50.0%

200,000

40.0%

150,000

30.0%

100,000

20.0%

50,0000© 2024 DAI-DAN Co.,Ltd.

89,224

83,691

83,997

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

Of which, renovations

Orders received

85,00177,754

Period ended
March 2020

10.0%

0.0%

Percentage of renovations

21Percentage of consolidated orders received by division(Full year)
Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

East Japan Division

57.4%

57.4%

58.0%

52.6%

58.5%

West Japan Division

36.6%

37.0%

35.8%

37.6%

34.6%

International Division

6.0%

5.5%

6.2%

9.9%

6.9%

Percentage of orders received by division100%* The Central Japan Division was integrated into
the East Japan Division during the period ended
March 31, 2024, due to reorganization.

80%
57.4%

57.4%

58.0%

52.6%

58.5%

60%

East Japan Division
West Japan DivisionInternational Division

40%

20%

0%

© 2024 DAI-DAN Co.,Ltd.

36.6%

37.0%

35.8%

6.0%

5.5%

6.2%

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

37.6%

34.6%

9.9%

6.9%

Period ended
March 2023

Period ended
March 202422

Consolidated net sales of completed construction contracts
by construction type (Full year)(Millions of yen)
Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

Electrical installations

26,84024,86525,67632,87930,880Air conditioning andplumbing installations

142,388

132,846

137,253

153,082

166,550

Total

169,229

157,712

162,929

185,961

197,431(Millions of yen)
240,000

Consolidated net sales of completed construction contracts(by construction type)200,000

160,000

26,84032,87924,86530,88025,676
Electrical installations

120,000

80,000142,388

132,846

137,253

Period ended
March 2021

Period ended
March 2022

153,082

166,550

Air conditioning andplumbing installations

40,0000© 2024 DAI-DAN Co.,Ltd.

Period ended
March 2020

Period ended
March 2023

Period ended
March 2024

23

Percentage of consolidated net sales of completed
construction contracts by division (Full year)
Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

East Japan Division

61.1%

58.3%

54.8%

56.0%

53.7%

West Japan Division

34.9%

37.7%

38.8%

34.8%

36.6%

International Division

4.0%

4.1%

6.4%

9.3%

9.6%

Percentage of net sales of completed
construction contracts by division

100.0%* The Central Japan Division was integrated into
the East Japan Division during the period ended
March 31, 2024, due to reorganization.

80.0%
61.1%

58.3%

54.8%

56.0%

53.7%

60.0%

East Japan Division
West Japan DivisionInternational Division

40.0%
38.8%

34.8%

36.6%

20.0%

34.9%

37.7%

0.0%

4.0%

4.1%

6.4%

9.3%

9.6%

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

© 2024 DAI-DAN Co.,Ltd.

24

Consolidated operating/ordinary/net profits (Full year)(Millions of yen)
Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ended
March 2024

Period ending
March 2025
(Forecast)

Operating profit

9,063

8,754

7,584

8,428

10,877

15,000Ordinary profit

9,282

9,262

8,095

9,288

11,91815,300Net profit

6,399

6,318

5,778

6,626

9,087

11,000Operating profit

Ordinary profit(Millions of yen)

(Millions of yen)

15,00018,00015,00012,00012,000

9,000

9,000

6,000

6,000

3,000
0

3,000
Period
ended
March
2020

Period
ended
March
2021

Period
ended
March
2022

Period
ended
March
2023

Period
ended
March
2024

0

PeriodendingMarch
2025(Forecast)

Period
ended
March
2020

Period
ended
March
2021

Period
ended
March
2022

Period
ended
March
2023

Period
ended
March
2024

PeriodendingMarch
2025(Forecast)

Net profit(Millions of yen)

12,000
9,000
6,000
3,000
0

© 2024 DAI-DAN Co.,Ltd.

Period
ended
March
2020

Period
ended
March
2021

Period
ended
March
2022

Period
ended
March
2023

Period
ended
March
2024

PeriodendingMarch
2025(Forecast)25

Disclaimer
The forecast concerning future business results, including future plans and strategies, disclosed by the Company is basedon assumptions deemed reasonable at the time of announcement. Therefore, actual business results may differ from theforecast due to various factors.

IR-related inquiries:
Corporate Communications Dept., Corporate Planning Division Tel: +81-3-5276-4568
2-15-10 Fujimi, Chiyoda-ku, Tokyo 102-8175© 2024 DAI-DAN Co.,Ltd.

26