Note: This document has been translated from a part of the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024
[Japanese Standard]
February 8, 2024

Name of listed company: DAI-DAN Co., Ltd.

Code No.: 1980 URL: https://www.daidan.co.jp/
Representative of Company: Ichiro Fujisawa, Representative Director, President
Inquiries to be addressed to: Yasuo Kamei, Director, Executive Corporate Officer,
Head of General Administration
Date scheduled to submit Quarterly report:
February 8, 2024
Date scheduled for dividend payment commencement:―
Creating supplements to the financial statement:
Yes
Holding a briefing session on the financial statement:
None

Stock Exchange Listing:Tokyo Stock Exchange Prime Market
Tel. (06) 6447 - 8003

(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the Third quarter of the period ending March 2024 (From April 1, 2023, to December 31, 2023)(Percentage indications show increase or decrease from the previous period.)(1) Consolidated management performance (Cumulative total)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen
Third quarter of the139,504
7.2
6,342
22.7
6,882
period ending March 2024
Third quarter of the
130,088
20.2
5,171
27.4
5,851
period ending March 2023
(Note)
Comprehensive income Third quarter of the period ending March 2024 6,347 Million yen 59.9%
Third quarter of the period ending March 2023 3,969 Million yen 78.1%

Profit per share%

Million yen

%

17.6

5,115

27.9

33.0

3,999

30.7

Diluted Profit per share

Yen SenYen SenThird quarter of the119.41―
period ending March 2024
Third quarter of the
93.43―
period ending March 2023
(Note) The Company conducted a 2-for-1 stock split of shares of common stock, with an effective date of October 1, 2023. “Profit per share” iscalculated assuming that the stock split was executed at the beginning of the previous consolidated accounting year.

(2) Consolidated financial position
Total assets

Net assets

Million yen

Equity capital ratio

Million yen%

Third quarter of the150,353
86,440period ending March 2024
Period ending March 2023
148,544
82,424(Reference) Equity capital Third quarter of the period ending March 2024 86,206 Million yen
Period ending March 2023 82,242 Million yen

57.3
55.4

2. Dividends
End of first quarter
Yen Sen――Annual dividends per share
End of second quarter End of third quarter
Yen Sen
45.00
55.00

Yen Sen――

Period end
Yen Sen
55.00

Through year

Yen Sen
Period ending March 2023
100.00Period ending March 2024
Period ending March 2024
30.00―
(Forecast)(Note) 1 Presence of revision from dividend forecast published most recently: None
2 The Company conducted a 2-for-1 stock split of shares of common stock, with an effective date of October 1, 2023. Dividends
before the second quarter of the fiscal year ending March 31, 2024, are the actual dividend amount before the stock split. The period end
dividend for the period ending March 31, 2024 (forecast) shown in the table above reflects the effect of the stock split, and the total annual
dividend is shown as "―". Without considering the stock split, the Company plans to pay a period end dividend of 60 yen per share for the
fiscal year ending March 31, 2024.
3 Breakdown of dividend for the period ending March 2023: Ordinary dividend:90yen
Commemorative dividend:10yen (120th anniversary commemorative dividend)3. Estimate of consolidated performance for the period ending March 2024 (From April 1, 2023, to March 31, 2024)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen

Operating profit%

Mil. yen

Profit attributable toowners of parent

Ordinary profit%

Mil. yen%Mil. yen

Profit per share%

Yen

Total period

195,000
4.9
9,000
6.8
9,400
1.2
7,100
7.1
(Reference) Estimated net sales of construction contract orders 240,000 Million yen(Note) 1 Presence of revision from estimate of performance published most recently: Yes
2 The consolidated financial results forecast for earnings per share for the fiscal year ending March 31, 2024, is presented in an
amount after the stock split.

Sen
165.68* Annotations(1) Changes in key subsidiaries in the 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) Changes in accounting policies, changes in accounting estimates, restatement
 Changes in accounting policies due to revision of accounting standards, etc.: None
 Changes in accounting policies other than : None
 Changes in accounting estimates: None Restatement: None
(4) Number of issued shares (common stock)
Third quarter of
Period ending
the period ending
45,963,802 shares
45,963,802 shares
March 2023
March 2024
Third quarter of Number of treasury shares at the end of
Period ending
the period ending
3,111,380 shares
3,144,134 sharesperiodMarch 2023
March 2024
Third quarter ofThird quarter of Average number of shares in the period
the period ending
42,840,925 shares the period ending
42,808,033 shares(quarter total)
March 2024
March 2023
(Note) 1 The Company conducted a 2-for-1 stock split of shares of common stock, with an effective date of October 1, 2023.
“Number of issued shares at the end of period,” “Number of treasury shares at the end of period” and “Average numbers of shares in
the period” are calculated assuming that the stock split was executed at the beginning of the previous consolidated accounting year.
2 The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (180,414
shares for the period ending March 2023, 147,252 shares for the Third quarter of the period ending March 2024). In addition, theCompany's shares held in the BIP Trust for Directors (192,514 shares for the Third quarter of the period ending March 2023,
158,879 shares for the Third quarter of the period ending March 2024) are also included in treasury shares, which is deducted in
the calculation of the average number of shares outstanding during the period.

 Number of issued shares at the end of
period (including treasury shares)* Brief report on quarterly financial statements is beyond the object of audit by CPA or an audit corporation.
* Explanation about adequate use of achievement forecasts and other noteworthy matters(Caution regarding forward-looking statements and others)
The forward-looking statements disclosed herein are based on the information available at the time of preparation of thisdocument and the assumption considered as reasonable.
Consequently, actual results differ materially from forecasts above due to changes in business results.
(About the Stock Split)
The Company conducted to conduct a 2-for-1 stock split of shares of common stock, with an effective date of October 1, 2023.
(How to obtain supplementary explanatory materials for quarterly financial results)
Supplementary explanatory materials for quarterly financial results will be available on TDnet and Company’s website.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2024 (From April 1, 2023 to March 31, 2024)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen

Total period

Operating profit%

Mil. yen

Ordinary profit%

Mil. Yen

Profit%Mil. yen

Profit per share%

185,000
3.0
9,000
5.4
9,400
(0.3)
7,100
4.8
(Reference) Estimated net sales of construction contract orders 230,000 Million yen(Note) 1 Presence of revision from estimate of performance published most recently: Yes
2 The individual financial results forecast for earnings per share for the fiscal year ending March 31, 2024, is presented in an
amount after the stock split.

Yen Sen165.68DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024

 Contents of Information
1. Consolidated Financial Statements and Major Notes ..............................................................................................2(1) Consolidated Balance Sheets .............................................................................................................................2(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ........................4(Consolidated Statements of Income)(Third Quarter Consolidated Cumulative Period)............................................................................................4(Consolidated Statements of Comprehensive Income)(Third Quarter Consolidated Cumulative Period)............................................................................................5(3) Annotation Items Concerning Quarterly Consolidated Financial Statements ....................................................6(Notes to Going Concern Assumption) ............................................................................................................6(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ............................................6
2. Supplementary Information .....................................................................................................................................7
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated) ................................................................................................71

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024

1. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2023)
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Electronically recorded monetary claims - operating
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

2

Current Third Quarter
Consolidated Accounting
Period(As of December 31, 2023)

25,37920,264

69,62565,906

9,487
671
3,092
(136)
108,120

14,573
2,039
4,442
(145)
107,081

7,516
1,178

8,138
1,405

18,79011,4591,611(133)
31,72840,424
148,544

20,67911,5051,650(107)
33,72843,272
150,353DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024

(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2023)
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for bonuses
Provision for directors' bonuses
Provision for share awards
Provision for warranties for completed construction
Provision for loss on construction contracts
Deposits received
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Retirement benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

3

Current Third Quarter
Consolidated Accounting
Period(As of December 31, 2023)

23,294

16,883

12,1092,901
2,258

12,773
9,826
432

1,899

2,174

－
－
26
48
516
9,307
9,169
61,532

1,865
18
16
62
693
11,623
2,252
58,621

720
2,660
1,148
5
51
4,587
66,119

409
3,685
1,139
5
51
5,291
63,913

4,479
4,837
68,638(3,132)74,822

4,479
4,837
71,389(3,099)77,606

6,116
112
1,191
7,419
182
82,424
148,544

7,155
404
1,039
8,600
233
86,440150,353DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024

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

Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Insurance fee income
Foreign exchange gains
Share of profit of entities accounted for using equity
methodRental income from real estate
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Rental expenses on real estateCommitment fees
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

4

Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2022
to December 31, 2022)
130,088
114,612
15,476
10,305
5,171

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2023
to December 31, 2023)
139,504
122,031
17,472
11,129
6,342

7
367
128
205

9
330
156
37

－

4

23
42
775

25
58
621

53
8
9
15
8
95
5,851

46
4
10
15
5
81
6,882

3
270
274

1
802
804

16
16
6,108
1,444
682
2,126
3,982
△17
3,999

8
8
7,678
1,892
632
2,525
5,152
36
5,115

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024

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

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

5

Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2022
to December 31, 2022)
3,982

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2023
to December 31, 2023)
5,152

86
100
(199)

1,039
64
(151)

－

242

(12)
3,969

1,194
6,347

3,969

6,296

(0)

51

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024

(3) Annotation Items Concerning Quarterly Consolidated Financial Statements(Notes to Going Concern Assumption)
None(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity)
None

6

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Third Quarter of the Period Ending March 2024

2. Supplementary Information
Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted
construction contracts (consolidated)(Millions of yen)Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2022
to December 31, 2022)
AmountNet sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction
contract orders received

Electrical installations

Component
ratio %

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2023
to December 31,2023)
AmountIncrease(decrease)

Component
ratio %

AmountRatio %

24,212

14.6

32,438

15.1

8,226

34.0

141,37085.4

182,009

84.9

40,638

28.7

Total

165,583

100.0

214,448100.0

48,864

29.5(Renovations)66,24040.0

62,82029.3(3,419)(5.2)(Industrial facilities)

76,19646.0

132,418

61.7

56,222

73.8(Overseas operations)

15,0209.1

13,1206.1(1,899)(12.6)

Electrical installations

21,921

16.8

21,860

15.7

(60)

(0.3)

108,167

83.2

117,643

84.3

9,475

8.8

Total

130,088

100.0

139,504

100.0

9,415

7.2

(Renovations)

57,71744.4

52,98038.0(4,736)(8.2)(Industrial facilities)

51,92839.9

63,48745.5

11,55822.3(Overseas operations)11,602

8.9

12,464

8.9

862

7.4

Electrical installations

25,75312.9

29,902

11.5

4,149

16.1

173,52287.1

229,199

88.5

55,676

32.1

Total

199,276100.0

259,102100.0

59,82530.0(Renovations)45,41922.8

46,142

17.8

722

1.6

(Industrial facilities)

69,52834.9

129,499

50.0

59,97086.3(Overseas operations)

16,2578.2

16,652

6.4

395

2.4

Air conditioning
and plumbing
installations

Air conditioning
and plumbing
installations

Air conditioning
and plumbing
installations(Note) 1. The “Air conditioning and plumbing installations” category has been set as a total of air conditioning installations and plumbing
installations.
2. Renovations and Industrial facilities, Overseas operations are aggregated for each type of construction These includes duplicatedconstruction.

7