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 First Quarter of the Period Ending March 2025
[Japanese Standard]August 6, 2024

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

Code No.: 1980 URL: https://www.daidan.co.jp/
Representative of Company: Yasuhiro Yamanaka, Representative Director, President
Inquiries to be addressed to: Yasuo Kamei, Director, Senior Executive Corporate Officer,
Head of General Administration
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 first quarter of the period ending March 2025 (From April 1, 2024 to June 30, 2024)(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
First quarter of theperiod ending March 2025
First quarter of theperiod ending March 2024
(Note) Comprehensive income

Million yen%

Million yen%

Million yen%

Million yen%

44,325

8.8

1,725

149.4

2,125

86.2

1,306

73.1

40,731

15.2

691(15.5)

1,141(12.8)

755(12.5)First quarter of the period ending March 2025 1,631 Million yen (11.3%)
First quarter of the period ending March 2024 1,840 Million yen 143.6%

Profit per share

Diluted Profit per share

Yen SenYen Sen

30.50―

First quarter of theperiod ending March 2025

First quarter of the

17.63―
period ending March 2024
(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%

First quarter of the167,036
93,572
period ending March 2025
Period ending March 2024
160,553
93,987(Reference) Equity capital First quarter of the period ending March 2025 93,338 Million yen
Period ending March 2024 93,754 Million yen

55.9
58.4

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

Yen Sen―

Period end
Yen Sen
48.00

Through year

Yen Sen
Period ending March 2024―
Period ending March 2025
Period ending March 2025
52.00
―
52.00
104.00(Forecast)(Note) Presence of revision from dividend forecast published most recently: None
The Company conducted a 2-for-1 stock split of shares of common stock, with an effective date of October 1, 2023. Dividends at the end of thesecond quarter of the fiscal year ending March 31, 2024, are the actual dividend amount before the stock split. The period end dividend for theperiod ending March 31, 2024 shown in the table above reflects the effect of the stock split, and the total annual dividend is shown as "―". If
the stock split had been implemented at the beginning of the fiscal year ending March 31 2024, interim dividend per share is 27.50 yen, theyear-end dividend per share is 48.00 yen, and annual dividend per share is 75.50 yen.

3. Estimate of consolidated performance for the period ending March 2025 (From April 1, 2024 to March 31, 2025)(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

Total period

250,000
26.6
15,00037.9
15,300(Reference) Estimated net sales of construction contract orders 250,000 Million yen(Note)
Presence of revision from estimate of performance published most recently: None%

Mil. yen%

28.4

11,000

21.1

Profit per share
Yen

Sen
256.70* 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.: Yes
 Changes in accounting policies other than : None
 Changes in accounting estimates: None Restatement: None
(Note) For details, please see “1. Consolidated Financial Statements and Major Notes (3) Annotation Items Concerning Quarterly Consolidated
Financial Statements (Notes on Changes in accounting policies)” on page 6 of the attachments.

(4) Number of issued shares (common stock) Number of issued shares at the end of
period (including treasury shares)
 Number of treasury shares at the end of
period Average number of shares in the period(quarter total)

First quarter of
Period ending
the period ending 45,963,802 shares
March 2024
March 2025
First quarter of
Period ending
the period ending 3,094,774 shares
March 2024
March 2025
First quarter ofFirst quarter ofthe period ending 42,855,869 shares the period ending
March 2025
March 2024

45,963,802 shares
3,111,494 shares
42,821,537 shares(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 (147,252
shares for the period ending March 2024, 130,496 shares for the first quarter of the period ending March 2025). In addition, theCompany's shares held in the BIP Trust for Directors (178,465 shares for the first quarter of the period ending March 2024, 143,661
shares for the first quarter of the period ending March 2025) are also included in treasury shares, which is deducted in thecalculation of the average number of shares outstanding during the period.

* Review of the accompanying quarterly consolidated financial statements by CPA or an audit corporation : Yes (voluntary)* 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.
(How to obtain supplementary explanatory materials for quarterly financial results)
Supplementary explanatory materials for quarterly financial results will be available on the Company’s website.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2025 (From April 1, 2024 to March 31, 2025)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen

Total period(Reference)(Note)

Operating profit%

Mil. yen

Ordinary profit%

Mil. Yen

240,000
28.4
15,00041.8
15,300Estimated net sales of construction contract orders 235,000 Million yen
Presence of revision from estimate of performance published most recently: None

ProfitProfit per share%

Mil. yen%

Yen Sen

32.9

11,00025.0

256.70DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2025

 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)(First Quarter Consolidated Cumulative Period) .............................................................................................4(Consolidated Statements of Comprehensive Income)(First 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(Notes on Changes in accounting policies)......................................................................................................6(Notes regarding the Quarterly Consolidated statement of cash flows) ..........................................................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 First Quarter of the Period Ending March 2025

1. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2024)
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 First Quarter
Consolidated Accounting
Period(As of June 30, 2024)

22,696

41,281

74,90162,726

11,499
726
2,366
(99)
112,090

10,505
1,220
2,545
(81)
118,198

8,396
1,390

8,318
1,371

21,16015,997
1,625(107)
38,67548,462
160,553

21,567
16,0181,670(107)
39,14848,838167,036

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2025

(Millions of yen)
Current first Quarter
Consolidated Accounting
Period(As of June 30, 2024)

Previous Consolidated
Accounting Year(As of March 31, 2024)
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 bonuses for directors (and otherofficers)
Provision for share awards
Provision for warranties for completed construction
Provision for loss on construction contracts
Asset retirement obligations
Deposits received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
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

21,44916,971

11,961
2,788
3,336

6,546
22,796
42

1,531

2,350

－

1,682

－

16

28
36
696
99
9,894
9,072
60,895

18
41
1,093
99
11,7583,497
66,914

369
4,153
1,101
2
43
5,670
66,565

482
4,921
1,091
2
51
6,549
73,4644,479
4,837
75,360(3,099)81,577

4,479
4,837
74,603(3,082)80,837

7,754
308
4,114
12,177232
93,987
160,553

7,958
542
4,000
12,501
233
93,572167,036

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2025

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(First 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 estate
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
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 First Quarter
Consolidated Cumulative
Period(From April 1, 2023
to June 30, 2023)
40,731
36,272
4,459
3,767
691

Current First Quarter
Consolidated Cumulative
Period(From April 1, 2024
to June 30, 2024)
44,32538,593
5,731
4,006
1,725

2
142
133
163

0
139
136
119

41

31

8
6
499

8
23
459

30
1
9
7
49
1,141

42
0
10
6
59
2,125

－
－

0
0

1
－
1
1,139
(3)
362
359
780
25
755

3
68
71
2,055
20
728
749
1,306
(0)
1,306

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2025

(Consolidated Statements of Comprehensive Income)(First 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, net of tax
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 First Quarter
Consolidated Cumulative
Period(From April 1, 2023
to June 30, 2023)
780

Current First Quarter
Consolidated Cumulative
Period(From April 1, 2024
to June 30, 2024)
1,306

1,110
(14)
(37)

203
87
(114)

－

148

1,059
1,840

325
1,631

1,809

1,630

30

0

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2025

(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(Notes on Changes in accounting policies)(Application of the “Accounting Standard for Current Income Taxes” and other relevant Accounting Standards Board of Japan(ASBJ) regulations)
The Company began applying the “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27, October 28,
2022; the “Revised Accounting Standard of 2022”) and other relevant ASBJ regulations during the first quarterly consolidated
accounting period under review.
Revisions to categories for recording current income taxes (taxation on other comprehensive income) conform to thetransitional treatment in the proviso of paragraph 20-3 of the Revised Accounting Standard of 2022 and the transitional
treatment in the proviso of paragraph 65-2 (2) of the “Guidance on Accounting Standard for Tax Effect Accounting” (ASBJ
Guidance No. 28, October 28, 2022, Accounting Standards Board of Japan). This change in accounting policies has had no
impact on the Company’s quarterly consolidated financial statements.
Concerning revisions related to a review of how gains and losses incurred as a result of the sale of assets such as shares ofsubsidiaries between consolidated companies shown on consolidated financial statements when deferred for tax reasons, theCompany began applying the 2022 revised Implementation Guidance during the first quarterly consolidated accounting period
under review. This change in accounting policy is being applied retroactively, and quarterly consolidated financial statements
and consolidate financial statements for the previous quarter and the previous consolidated fiscal year, respectively, reflect its
retroactive application. This change in accounting policy had no impact on the quarterly consolidated financial statements forthe previous quarter or on the consolidated financial statements for the previous consolidated fiscal year.
(Notes regarding the Quarterly Consolidated statement of Cash Flows)
Quarterly consolidated statements of cash flows have not been prepared for the first quarter of the fiscal year under review.
Depreciation (including amortization of intangible assets) for the first quarter of the fiscal year under review are as follows.
(Millions of yen)Previous First Quarter Consolidated Cumulative
Period(From April 1, 2023 to June 30, 2023)

Current First Quarter Consolidated Cumulative
Period(From April 1, 2024 to June 30,2024)

147

226

Depreciation

6

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2025

2. Supplementary Information
Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted
construction contracts (consolidated)(Millions of yen)Previous First Quarter
Consolidated Cumulative
Period(From April 1, 2023
to June 30, 2023)
AmountComponent
ratio %

Current First Quarter
Consolidated Cumulative
Period(From April 1, 2024
to June 30,2024)
AmountIncrease(decrease)

Component
ratio %

AmountRatio %Net sales of construction
contract orders received

Air conditioning
and plumbing

56,04683.6

66,24888.5

10,202

18.2

Electrical installations

10,959

16.4

8,616

11.5

(2,342)(21.4)

Total

67,005100.0

74,864

100.0

7,859

11.7

(Renovations)21,66832.3

29,798

39.8

8,129

37.5

(Industrial facilities)

32,84349.0

39,972

53.4

7,129

21.7

(Overseas operations)

4,331

6.5

2,277

3.0

(2,054)(47.4)

34,571

84.9

38,395

86.6

3,824

11.1

Electrical installations

6,160

15.1

5,929

13.4

(231)

(3.8)

Total

40,731100.0

44,325

100.0

3,593

8.8

(Renovations)14,30735.1

14,290

32.2

(17)

(0.1)

(Industrial facilities)

19,49847.9

18,09440.8(1,403)(7.2)(Overseas operations)

3,585

8.8

3,089

7.0

(496)

(13.8)

186,30888.5

240,03388.8

53,724

28.8

Electrical installations

24,12211.5

30,367

11.2

6,244

25.9

Total

210,431100.0

270,400

100.0

59,96928.5(Renovations)

43,663

20.7

54,03720.0

10,37423.8(Industrial facilities)

73,91335.1

141,372

52.3

67,45991.3(Overseas operations)

16,742

8.0

13,5885.0(3,153)(18.8)

installations

Net sales of completed
construction contracts

Air conditioning
and plumbing
installations

Net sales of uncompleted
construction contracts

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