Financial Briefing
Material for
the Third Quarter of
the Period Ending
March 2022
February 9, 2022

Contents

Consolidated Performance Summary
Third Quarter Financial Closing Highlights
Full-Year Earnings Forecast
Reference: DATA FILE

2

Third Quarter Financial Results
for the Period Ending March 2022

Consolidated
Performance
Summary3

Consolidated Performance Summary
Overview of consolidated management indicators, etc. (operating results)(Millions of yen)
3rd Quarter of
period ended
March 2021

3rd Quarter of
period ending
March 2022

Net sales of uncompleted construction
contracts at beginning of period

124,228

143,043

18,81415.1%

Net sales of construction contract orders
received

122,561

150,118

27,556

22.5%

Recovery mainly in large-scale construction
contracts to the pre-pandemic level
Despite a sufficient amount of net sales of uncompleted
construction contracts carried forward from the previous
period, value of work done was not recorded in thecurrent period because large projects were not fully inprogress, resulting in a slight decrease.

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 (%)

Increase(Decrease)

Change rate

111,099

108,257(2,841)-2.6%

16,401

13,562(2,838)-17.3%

14.8%

12.5%

-2.2p

7,205
6.5%
7,593
6.8%
5,190
4.7%

4,060
3.8%
4,399
4.1%
3,059
2.8%

(3,145)-2.7p(3,193)-2.8p(2,131)-1.8p-43.6%-42.1%

Major factors behind increase/decrease andannotation items

Decrease in gross profit margin of completed
construction contracts

Decrease in gross profit on completed construction
contracts
Decrease in operating profit-41.1%

Business environment
 Orders received decreased for renovations as a whole in the previous fiscal year due to the effects of the Covid-19 pandemic, but
increased in the current period mainly because of recovery in orders for large-scale projects to the pre-pandemic level.
 Net sales of completed construction contracts recorded a slight decrease, because large projects were not fully in progress. Additionally,
intensifying competition for order acquisition along with soaring prices of materials and equipment pushed down the profit margin andgross profit of completed construction contracts as well.
 Following the drop in gross profit of completed construction contracts, the Company recorded decreased profits.
© 2022 DAI-DAN Co.,Ltd.

4

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

Increase Decrease

April–December 2020
ResultDecrease in value ofwork done for general
construction contracts

Increase in value of work
Decrease in profit
done for renovations
margin of construction
contracts

Due to an increase in
SG&A expenses andother factors

April–December 2021
Result General construction saw a decrease in the value of work as large construction projects were not fully in progress, pushing down return on
net sales. Meanwhile, on the back of recovery from the pandemic, especially, the value of work done for mid-to-large factory projects
increased, pushing up return on net sales compared to the previous period.
 The profit margin of completed construction contracts decreased mainly due to intensifying competition for order acquisition and soaring
prices of materials and equipment.
© 2022 DAI-DAN Co.,Ltd.

5

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

Net sales(completed)

Orders received

3rd Quarter of
period ended
March 2021

Electricalinstallations
Air conditioning
installations
Plumbing
installations
Total
Electricalinstallations
Air conditioning
installations
Plumbing
installations

Net sales(uncompleted)

Total
Electricalinstallations
Air conditioning
installations
Plumbing
installations
Total

3rd Quarter of
period ending
March 2022

Increase(Decrease)

Change rate

20,165

18,347(1,817)-9.0%

71,661

98,247

26,58637.1%

30,73533,523

2,787

9.1%

122,561

150,118

27,55622.5%

16,646

16,621

(25)

-0.2%

67,78264,967(2,814)-4.2%

26,67026,668(1)-0.0%

111,099

108,257(2,841)-2.6%

23,032

23,611579

2.5%

81,464

119,21737,75346.3%

31,19442,074

10,88034.9%

135,691

184,904

49,212

36.3%

Major factors behind increase/decrease andannotation items

Increase in orders received for offices, hospitals, andindustrial facilities

See Page 4 for the factors behind the increase.

See Page 4 for the factors behind the decrease.

Increased net sales of uncompleted construction
contracts as at the end of FY2021, and an increase inorders received for FY2022.

 As described on Page 4, while orders received increased, net sales of completed construction contracts slightly decreased.
 The amount of orders received, mainly for large-scale construction projects, recovered with a notable increase recorded for offices,
hospitals, and industrial facilities.
 Reflecting increased net sales (uncompleted) as at the end of FY2021, increased orders received and decreased net sales (completed) for
FY2022, net sales (uncompleted) increased substantially.
© 2022 DAI-DAN Co.,Ltd.

6

Consolidated Performance Summary
Overview of consolidated management indicators, etc. (financial position)(Millions of yen)
Period ended
March 2021

3rd Quarter of
period ending
March 2022

Increase(Decrease)

Major factors behind increase/decrease andannotation items

Change rate

Net assets

74,83775,172334

0.4%

Retained earnings exceeded loss on valuation of
securities.

Total assets

132,210

129,582(2,628)-2.0%

Decrease in cash and deposits

3,491.84 yen

3,506.67 yen

14.83 yen

0.4%

As per the increase in Net assets stated above

0.85 times

0.66 times-0.19 times

–

56.4%

57.9%

1.4p

–

Book value per share (BPS)

Price book-value ratio (PBR)

Equity capital ratio(Reference) Closing stock price as of Mar. 31, 2021:
2,963 yen
Closing stock price as of Dec. 30, 2021:
2,298 yen

Overview of consolidated management indicators, etc. (cash flows)[Reference: Not disclosed in the brief report on financial statements](Millions of yen)
3rd Quarter of
period ended
March 2021

3rd Quarter of
period ending
March 2022

Increase(Decrease)

Major factors behind increase/decrease andannotation items

Change rate

Cash flows from operating activities

9,860(10,130)(19,991)–

Quarterly net profit decreased year-on-year, andfactors for fund decrease, such as an increase intrade receivables, exceeded those for fund increase.

Cash flows from investing activities(320)(1,299)(978)–Reconstruction of Hokkaido Branch and Hokuriku
BranchInvestment in venture companies

Cash flows from financing activities(2,253)(3,196)(943)–

Dividend payment

Cash and cash equivalents at
beginning of period

21,616

31,747

10,131

46.9%

Increase/decrease in cash and cash
equivalents

7,294(14,614)(21,908)–

Cash and cash equivalents at end ofquarter

28,91017,133(11,777)-40.7%© 2022 DAI-DAN Co.,Ltd.

7

Consolidated Performance Summary
Cash flow comparison with the previous period(Trends in period-end balance of cash and cash equivalents)(Millions of yen)

Increase Decrease(320)
InvestingCF

Period-end
cash andcash
equivalents
21,616

Period ended
March 2020

© 2022 DAI-DAN Co.,Ltd.

9,860
OperatingCF(2,253)FinancingCF
Period-end
cash andcash
equivalents
28,910

3rd quarter of
period ended
March 2021

Period-end
cash andcash
equivalents
31,747

Period ended
March 2021

(10,130)
OperatingCF(1,299)InvestingCF(3,196)
FinancingCF

Period-end
cash andcash
equivalents
17,133

3rd quarter of
period ending
March 2022

8

Third Quarter Financial Results
for the Period Ending March 2022

Third Quarter
Financial Closing
Highlights
9Status of construction orders received(Millions of yen)
Period ending
March 2022

Period ended March 2021
First to third
quarter

Fourth quarter

Full year

First to third
quarterYear-on-year change
Increase(Decrease)

Change rate

13,88023.9%

Major factors behindincrease/decrease and annotation
items

58,17919,57477,75472,060

47.5%

36.3%

44.0%

48.0%

Mid-to-large
renovations

33,868

11,76645,63546,85912,99038.4%

Small-scalerenovations

24,3107,808

32,11825,201890

3.7%

64,381

34,38998,71178,057

13,676

21.2%

Total orders received

122,561

53,964

176,526

150,118

27,55622.5%

Of which, direct orders

48,20920,526

68,73673,89825,68853.3%

Orders for large-scale hospitals,
factories, and data centers

Ratio of direct orders
(%)

39.3%

38.0%

38.9%

49.2%

Of which, public works

19,952

6,357

26,30925,836

5,884

29.5%

Orders for the above-mentioned
hospital projects

Ratio of public works
(%)

16.3%

11.8%

14.9%

17.2%

Renovations
Ratio of renovations
(%)

Other

Due mainly to orders for mid-to-large
factory projects

 Renovations decreased in the previous period due primarily to the effects of the Covid-19 pandemic, but recovered to the pre-pandemic
level in the current period thanks to orders received for mid-to-large factory projects.
 Direct orders were received for large-scale hospital, factory, and data center projects, and the large-scale hospital projects were public
works. Consequently, both direct orders and public works increased remarkably.

© 2022 DAI-DAN Co.,Ltd.

10

Status of construction orders received
Industrial facilities(Millions of yen)
Period ended
March 2021
First to third
quarter
Total industrial
facilities

Fourth quarter

Period ending
March 2022
Full year

First to third
quarter

40,26925,38065,64958,567(Share of totalorders: %)

32.9%

47.0%

37.2%

39.0%

Total orders received

122,561

53,965

176,526

150,118

Year-on-year change
Increase(Decrease)

Change rate

18,29745.4%

27,55622.5%

Major factors behindincrease/decrease andannotation items

An increase in large-scale
factory and data center orders* Factories, labs, data centers, and logistics facilities are classified as “industrial facilities.”

Trends in industrial facility orders received in the third quarter(Millions of yen)

Industrial facilities

Of which, small-scale work

Industrial facilities’ share of total orders

60,00050.0%

 Following the recovery in capital
investment, orders received for large-scale
factory and data center projects, inparticular, contributed to the year-on-yearincrease.

8,658
40.0%
40,000

30.0%

8,992
49,90920,00034,87836,18542,552
31,278

20.0%
10.0%

0

0.0%
December 2017

December 2018

December 2019

December 2020

December 2021

* As a result of reviewing the construction classification from the current period, part of small-scale construction works has been included in “Industrial facilities.”
The previous third quarter (December 2020) also indicates the value after retrospectively applying the revision of the construction classification.
© 2022 DAI-DAN Co.,Ltd.

11

Status of construction orders received
Overseas operations
 Singapore Branch and DAI-DAN (THAILAND) are the pillars of our overseas operation.
 As our new overseas bases, DAI-DAN (VIETNAM) Co., LTD. was established in Hanoi, Vietnam in the previous period, and DAI-DAN
INTERNATIONAL ASIA PTE.LTD. in Singapore in the current period.
(Millions of yen)
Period ended
March 2021
First to third
quarter

Fourth quarter

Period ending
March 2022
Full year

First to third
quarter

Total overseas orders
received

6,743

2,995

9,738

10,241(Share of totalorders: %)

5.5%

5.5%

5.5%

6.8%

Total orders received

122,561

53,965

176,526

150,118

Year-on-year change
Increase(Decrease)

3,497

51.9%

27,556

22.5%

Trends in overseas construction orders received in third quarter
Singapore Branch

DAI-DAN (THAILAND)

Overseas share of total orders(Millions of yen)

8.0%

12,000

45

623

6.0%

8,000

503

756
311

4.0%

10,196

9,088

4,000

6,241

5,628

2.0%

3,245
0

0.0%
December 2017

© 2022 DAI-DAN Co.,Ltd.

December 2018

December 2019

December 2020

December 2021

Change rate

Major factors behindincrease/decrease andannotation items

Increasing orders received foroverseas industrial facilities Continuing from the previous period,
movements are restricted in Singapore toprevent the spread of Covid-19, adversely
affecting the operation of construction sites.
However, the impact on order receiving
activities was limited, and net sales of
construction contract orders received
posted remarkable growth compared tolast year.
 In Thailand, orders received declined
substantially. The large-scale construction
orders received last year were canceled
because they were to be likely stopped forthe customer’s convenience.

12

Status of completed construction contracts(Millions of yen)
Third quarter of period ended March 2021
Monetary amountComposition ratio

Third quarter of period ending March 2022
Monetary amountComposition ratio

Year-on-year change
Monetary amount

Change rate

Total net sales of completed
construction contracts

111,099

100.0%

108,257

100.0%(2,841)-2.6%

Of which;(Industrial facilities)

46,62342.0%

46,869

43.3%

246

0.5%

(Renovations)

52,98947.7%

56,129

51.8%

3,139

5.9%

4,100

3.7%

6,674

6.2%

2,573

62.8%

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

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

150,000

120,000

90,00060,00030,0000
December 2017
Overseas operations© 2022 DAI-DAN Co.,Ltd.

December 2018

Renovations

December 2019

Industrial facilities

December 2020

December 2021

 Looking at net sales of completed
construction contracts for the current
period, industrial facilities increasedslightly, and renovations andoverseas operations posted growth.
As not many large-scale projects
carried forward from the previous
period were fully in progress in thecurrent period, however, overall net
sales of completed construction
contracts decreased slightly.
 As described on Page 14, net sales of
uncompleted construction contracts
are sufficient, and will contribute to
the net sales of completed
construction contracts for the fourth
quarter and the next fiscal period.

Total net sales of completed construction contracts

13

Status of uncompleted construction contracts(Millions of yen)
Third quarter of period ended March 2021
Monetary amountComposition ratio

Third quarter of period ending March 2022
Monetary amountComposition ratio

Year-on-year change
Monetary amount

Change rate

Net sales of uncompleted
construction contracts at
beginning of period

124,228–

143,043–

18,81415.1%

Net sales of construction
contract orders received

122,561–

150,118–

27,55622.5%

Net sales of completed
construction contracts

111,099–

108,257–(2,841)-2.6%

Net sales of uncompleted
construction contracts

135,691

100.0%

184,904

100.0%

49,21236.3%

Of which;(Industrial facilities)

34,58025.5%

51,95328.1%

17,373

50.2%(Renovations)

38,15628.1%

48,785

26.4%

10,62927.9%(Overseas operations)

11,195

8.3%

15,434

8.3%

4,238

37.9%

Of which, those to becompleted in fourth quarterof current period

37,387–47,447–

10,06026.9%* The figures in the table include a certain amount of overlap, as calculation is done by construction type: industrial facilities, renovations, and overseas operations.

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

200,000
160,000
120,000
80,00040,0000
December 2017

Overseas operations© 2022 DAI-DAN Co.,Ltd.

December 2018

Renovations

December 2019

Industrial facilities

December 2020

December 2021

Total net sales of uncompleted construction contracts

 Both net sales of uncompleted
construction contracts at beginning of
period and net sales of construction
contract orders received increased
from the previous period. Meanwhile,
net sales of completed construction
contracts slightly decreased as largescale projects were not fully inprogress, bringing about a significant
increase in net sales of uncompleted
construction contracts.
 The highest net sales of uncompleted
construction contracts in the last five
years were posted in the current
period, meaning a sufficient volume of
construction work has been secured.

14

Quarterly operating results(Millions of yen)

Net sales of
construction
contract orders
received

Net sales ofcompleted
construction
contracts

Increase(Decrease)

Period ended March 2021

Period ending March 2022

Change rate

April–June

36,167

44,698

8,531

23.6%

July–September

48,48962,725

14,23629.4%

October–December

37,906

42,695

4,790

12.6%

April–December

122,562

150,118

27,55622.5%

April–June

34,81627,257(7,559)-21.7%

July–September

37,91838,523605

1.6%

October–December

38,36542,477

4,112

10.7%

April–December

111,099

108,257(2,841)-2.6%

April–June

2,281

528

(1,752)-76.8%

July–September

2,789

2,240

(549)

-19.7%

October–December

2,135

1,292

(843)

-39.5%

April–December

7,205

4,060

(3,145)-43.6%

Operating profit

 Net sales of construction contract orders received from April to June, from July to September, and from October to December increased
compared to the previous period.
 Net sales of completed construction contracts decreased from April to June compared to the previous period, but increased in JulySeptember and October-December periods, showing an increasing trend with 10.7% growth posted from October to December.
 The year-on-year decrease rate of operating profit has been decelerating to -19.7% from July to September compared to -76.8% from
April to June. The rate fell to -39.5% from October to December, adversely affected by a decline in profit margin of completed
construction contracts.
© 2022 DAI-DAN Co.,Ltd.

15

Third Quarter Financial Results
for the Period Ending March 2022

Full-Year Earnings
Forecast
16

Full-year earnings forecast
Consolidated full-year earnings forecast(Millions of yen)
Period ended
March 2021

Year-on-year change,
full year

Period ending March 2022

Full year

Previous
forecast[Full year]

First to third
quarter(Actual)

Net sales of
construction contract
orders received

176,526

183,000

150,118

Net sales of completed
construction contracts

157,712

168,000

Gross profit oncompleted construction
contracts

21,521Gross profit margin ofcompleted construction
contracts (%)

Versus previous forecast,full year

Current
forecast[Full year]

Increase(Decrease)

Change rate

Increase(Decrease)

Change rate

32,882

183,000

6,474

3.7%

–

–

108,257

53,743

162,000

4,288

2.7%

(6,000)-3.6%

22,00013,562

6,938

20,500(1,021)-4.7%(1,500)

-6.8%

13.6%

13.1%

12.5%

12.9%

12.7%

-1.0%

Operating profit

8,754

7,500

4,060

2,940

7,000

(1,754)

Operating profit margin
(%)

5.6%

4.5%

3.8%

5.5%

4.3%

-1.2%

Ordinary profit

9,262

7,700

4,399

2,801

7,200

(2,062)

Ordinary profit margin
(%)

5.9%

4.6%

4.1%

5.2%

4.4%

-1.4%

Net profit attributable toowners of parent

6,318

5,200

3,059

1,941

5,000

(1,318)Net profit margin (%)

4.0%

3.1%

2.8%

3.6%

3.1%

-0.9%

Fourthquarter-0.4%-20.0%

(500)

-6.7%

-0.1%
-22.3%

(500)

-6.5%

-0.1%
-20.9%

(200)

-3.8%

-0.0%

Preconditions for earnings forecast We have revised our earnings forecast in the brief report on the financial statements announced on May 12, 2021.
 Because the progress of unfinished construction work and profit margin of construction contracts will not reach the initial forecast, while
SG&A expenses are expected to be reduced, we have downwardly revised the initial forecast as shown above.
© 2022 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.
 We have a dividend policy of striving for a payout ratio of 30% or more as per the numerical targets in our Mid-Term Management Plan.

Dividend status
Full-year dividend
End of second
quarter

End of period

Total dividend(Total sum)

Total

Dividend ratio(Consolidated)

Dividend on equity
ratio(Consolidated)

Yen SenYen SenYen SenMillion yen%%

Period ended March 2020

40.00

50.00

90.00

1,975

30.9%

3.0%

Period ended March 2021

45.00

45.00

90.00

1,949

30.8%

2.7%

45.00

45.00

90.00

–

38.5%

–

Period ending March 2022
(Forecast for period-end values)

Purchase of treasury shares We will consider it as appropriate aiming for returning profits to our shareholders and improving capital efficiency.

© 2022 DAI-DAN Co.,Ltd.

18

Reference:
DATA FILE(Full-Year)
19

Consolidated sales of construction orders received(by construction type) (Full-year)(Millions of yen)
Period ended March2017

Period ended March
2018

Period ended March
2019

Period ended March
2020

Period ended March
2021

Electrical installations

28,93322,73525,69030,88527,236Air conditioning
installations

84,106

92,09393,289102,515

104,878

Plumbing installations

30,96732,50639,55336,72044,410144,007147,335

158,533

170,121

176,526

Total

Consolidated construction orders received (by construction type)(Millions of yen)
200,000

160,000

120,000

80,00030,96736,72044,410102,515

104,878

39,55332,506

84,106

92,09393,28928,93322,73525,69030,88527,236

March 2017

March 2018

March 2019

March 2020

March 2021

40,0000Electrical installations© 2022 DAI-DAN Co.,Ltd.

Air conditioning installations

Plumbing installations

20

Trends in consolidated orders received(Orders received / Renovations) (Full-year)(Millions of yen)
Period ended March2017

Period ended March
2018

Period ended March
2019

Period ended March
2020

Period ended March
2021

144,007147,335

158,533

170,121

176,526

Renovations

74,31371,748

82,10985,00177,754

Percentage ofrenovations

51.6%

48.7%

51.8%

50.0%

44.0%

Orders received

Trends in construction contract orders received(Millions of yen)
200,000(Orders received / Renovations [Orders received / Percentage])
60.0%
50.0%

150,000
40.0%
100,000

30.0%
20.0%

50,000074,31371,748March 2017

March 2018

Of which, renovations© 2022 DAI-DAN Co.,Ltd.

82,10985,00177,754

March 2019

March 2020

March 2021

Orders received

10.0%
0.0%

Percentae of renovations

21Percentage of consolidated orders received
by division (Full-year)
Percentage of orders received
Period ended March 2017

Period ended March 2018

Period ended March 2019

Period ended March 2020

Period ended March 2021

East Japan Division

39.0%

41.6%

38.6%

39.1%

40.0%

Central Japan Division

19.4%

16.7%

18.1%

18.3%

17.5%

West Japan Division

38.6%

38.5%

36.9%

36.6%

37.0%

3.0%

3.2%

6.4%

6.0%

5.5%

Overseas

Percentage of orders received by division
100.0%

80.0%

3.0%

3.2%

38.6%

38.5%

19.4%

16.7%

39.0%

March 2017

6.4%

6.0%

5.5%

36.9%

36.6%

37.0%

18.1%

18.3%

17.5%

41.6%

38.6%

39.1%

40.0%

March 2018

March 2019

March 2020

March 2021

60.0%

40.0%

20.0%

0.0%

East Japan Division© 2022 DAI-DAN Co.,Ltd.

Central Japan Division

West Japan Division

Overseas22Percentage of consolidated net sales of completed
construction contracts by division (Full-year)
Percentage of net sales of completed construction contracts
Period ended March 2017

Period ended March 2018

Period ended March 2019

Period ended March 2020

Period ended March 2021

East Japan Division

41.0%

40.1%

37.1%

45.3%

41.3%

Central Japan Division

17.3%

17.3%

18.0%

15.8%

16.9%

West Japan Division

38.1%

39.0%

40.2%

34.9%

37.7%

3.6%

3.6%

4.7%

4.0%

4.1%

Overseas

Percentage of net sales of completed construction contracts bydivision
100.0%

80.0%

3.6%

3.6%

4.7%

38.1%

39.0%

40.2%

17.3%

17.3%

41.0%

40.1%

37.1%

March 2017

March 2018

March 2019

4.0%

4.1%

34.9%

37.7%

60.0%

40.0%

20.0%

0.0%

East Japan Division© 2022 DAI-DAN Co.,Ltd.

15.8%

16.9%

18.0%

Central Japan Division

45.3%

41.3%

March 2020

March 2021

West Japan Division

Overseas23Consolidated (operating/ordinary/net) profits (Full-year)(Millions of yen)
Period ended March2017

Period ended March
2018

Period ended March
2019

Period ended March
2020

Period ended March
2021

Period ending March2022 (Forecast)

Operating profit

6,750

7,385

7,661

9,063

8,754

7,500

Ordinary profit

6,939

7,674

8,057

9,282

9,262

7,700

Net profit

4,638

4,638

5,109

6,399

6,318

5,200

(Millions of yen)

Operating profit(Millions of yen)

10,00010,000

8,000

8,000

6,000

6,000

4,000

4,000

2,000

2,000

0

March

March

March

March

March

2017

2018

2019

2020

2021

0

March
2022

Ordinary profit

March

March

March

March

March

2017

2018

2019

2020

2021

(Forecast)

March
2022
(Forecast)

Net profit(Millions of yen)

8,000
6,000
4,000
2,000
0

March

March

March

March

March

2017

2018

2019

2020

2021

March
2022
(Forecast)© 2022 DAI-DAN Co.,Ltd.

24

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

IR-related inquiries:
PR and IR Team, Corporate Planning Office Tel: +81-3-3261-4568
2-15-10 Fujimi, Chiyoda-ku, Tokyo 102-8175© 2022 DAI-DAN Co.,Ltd.

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