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 Second Quarter of the Period Ending March 2024
[Japanese Standard]
November 9, 2023

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

Stock Exchange Listing:Code No.: 1980 URL: https://www.daidan.co.jp/
Tokyo Stock Exchange Prime Market
Representative of Company: Ichiro Fujisawa, Representative Director, President
Inquiries to be addressed to: Yasuo Kamei, Director, Executive Corporate Officer,
Head of General Administration
Tel. (06) 6447 - 8003
Date scheduled to submit Quarterly report:
November 9, 2023
Date scheduled for dividend payment commencement:
December 1, 2023
Creating supplements to the financial statement:
Yes
Holding a briefing session on the financial statement:
Yes (for instituted investors and analysts)(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the Second quarter of the period ending March 2024 (From April 1, 2023, to September 30, 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%
Second quarter of the
91,30610.4
3,031(16.9)
3,595(17.0)
period ending March 2024
Second quarter of the82,690
25.7
3,650
31.8
4,330
42.3
period ending March 2023
(Note)
Comprehensive income Second quarter of the period ending March 2024 3,807 Million yen 38.6%
Second quarter of the period ending March 2023 2,746 Million yen 45.2%

Profit per share

Million yen

%

2,411

(20.8)

3,045

46.6

Diluted Profit per share

Yen SenYen Sen
Second quarter of the
56.29―
period ending March 2024
Second quarter of the
71.15―
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

Second quarter of the146,498
period ending March 2024
Period ending March 2023
148,544(Reference) Equity capital Second quarter of the period ending March 2024
Period ending March 2023 82,242 Million yen%

85,082

57.9

82,424
84,843 Million yen

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

Total period

Profit per share%

200,000
7.5
8,500
0.8
8,900
(4.2)
6,500
(1.9)
(Reference) Estimated net sales of construction contract orders 240,000 Million yen(Note) 1 Presence of revision from estimate of performance published most recently: None
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.

Yen

Sen
151.80* 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)
Second quarter of
Period ending
the period ending
45,963,802 shares
45,963,802 shares
March 2023
March 2024
Second 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
Second quarter ofSecond quarter of Average number of shares in the period
the period ending
42,835,176 shares the period ending
42,802,057 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 Second quarter of the period ending March 2024). In addition, theCompany's shares held in the BIP Trust for Directors (198,564 shares for the Second quarter of the period ending March 2023,
164,692 shares for the quarter of the Second 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 the 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%

190,000
5.8
8,500
(0.5)
8,900
(5.6)
6,500
(4.1)
(Reference) Estimated net sales of construction contract orders 230,000 Million yen(Note) 1 Presence of revision from estimate of performance published most recently: None
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 Sen151.80DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Second 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)(Second Quarter Consolidated Cumulative Period).........................................................................................4(Consolidated Statements of Comprehensive Income)(Second Quarter Consolidated Cumulative Period).........................................................................................5(3) Consolidated Statements of Cash Flows ............................................................................................................6(4) Annotation Items Concerning Quarterly Consolidated Financial Statements ....................................................8(Notes to Going Concern Assumption) ............................................................................................................8(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ............................................8(Significant Subsequent Event) .......................................................................................................................8
2. Supplementary Information .....................................................................................................................................9
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated) ................................................................................................91

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Second 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 Second Quarter
Consolidated Accounting
Period(As of September 30, 2023)

25,37918,19369,62569,850

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

8,985
1,901
4,167
(168)
102,930

7,516
1,178

7,802
1,374

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

21,36011,4901,674(133)
34,391
43,568146,498

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Second 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 Second Quarter
Consolidated Accounting
Period(As of September 30, 2023)

23,294

18,134

12,1092,901
2,258

13,769
2,835
1,232

1,899

2,250

－
－
26
48
516
9,307
9,169
61,532

2,684
38
8
60
985
10,827
3,491
56,316

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

429
3,474
1,142
5
47
5,099
61,416

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

4,479
4,837
69,867(3,099)76,084

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

7,681
(12)
1,090
8,758
239
85,082
146,498

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

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Second 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
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 Second Quarter
Consolidated Cumulative
Period(From April 1, 2022
to September 30, 2022)
82,69072,325
10,364
6,714
3,650

Current Second Quarter
Consolidated Cumulative
Period(From April 1, 2023
to September 30, 2023)
91,30680,822
10,483
7,452
3,031

5
262
128
291

6
209
136
205

－

36

15
34
738

16
10
623

33
4
9
10
57
4,330

32
3
10
13
59
3,595

2
268
270

1
94
95

12
12
4,588
1,269
288
1,557
3,030
(14)
3,045

1
1
3,689
1,068
167
1,235
2,454
42
2,411

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

(Consolidated Statements of Comprehensive Income)(Second 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
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

5

Previous Second Quarter
Consolidated Cumulative
Period(From April 1, 2022
to September 30, 2022)
3,030

Current Second Quarter
Consolidated Cumulative
Period(From April 1, 2023
to September 30, 2023)
2,454

(242)
90
(132)
(284)
2,746

1,565
(111)
(101)
1,352
3,807

2,741
4

3,750
56

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

(3) Consolidated Statements of Cash Flows(Millions of yen)Previous Second Quarter
Current Second Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2022

(From April 1, 2023

to September 30, 2022)

to September 30, 2023)

Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on sales of investment securities
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in costs on construction contracts
in progress
Decrease (increase) in other current assets
Decrease (increase) in other non-current assets
Decrease (increase) in retirement benefit asset
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in advances received on
construction contracts in progress
Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities
SubtotalInterest and dividends received
Interest paid
Income taxes refund (paid)
Net cash provided by (used in) operating activities

6

4,588
234
(3)
1
(267)
33

3,689
329
31
(3)
(216)
32

－

(36)

(268)
(2)
12

(94)
(1)
1

8,492

277

(1,132)(1,229)

1,195
8
(227)

(1,248)0(178)(5,743)(3,499)

1,512

351

383
19
8,838
267
(32)
(564)
8,509

(488)
(4)
(2,287)216(31)(2,052)(4,155)DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Second Quarter of the Period Ending March 2024

(Millions of yen)Previous Second Quarter
Current Second Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2022

(From April 1, 2023

to September 30, 2022)

to September 30, 2023)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Payments for retirement of property, plant andequipment
Purchase of investment securities
Proceeds from sale and redemption of investment
securities
Purchase of shares of subsidiaries and associates
Proceeds from collection of loans receivable
Other payments
Other proceeds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

7

(805)
2

(687)
2

(6)

－

(1)

(201)

412

151

－
0
(349)
60
(686)

(311)
0
(659)
10
(1,695)

10,700(10,700)
100
(626)
(0)
(967)
(1,494)

10,600(10,600)
－
(357)
(0)
(1,182)(1,540)

293

205

6,621
16,03722,659(7,185)25,34818,162

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Second 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(Significant Subsequent Event)(Stock Split)
Based on the resolution of the Board of Directors held on August 4, 2023, the Company conducted to implement a stock split
and to partially revise the Articles of Incorporation in relation to the stock split.
(1) Objective of the stock split
The purpose of the stock split is to lower the unit investment amount, creating a more investment-friendly environmentand broadening the shareholder base.
(2) Outline of the stock split① Method of stock split
With September 30, 2023 (Saturday) (since this date is treated as a holiday, shareholders of record was determined on
September 29, 2023 (Friday)) as the record date, The company implemented a 2-for-1 stock split of common shares
owned by shareholders listed or recorded in the closing register of shareholders with a record date.
② Number of shares to be increased by stock split
Total number of issued shares before the stock split

22,981,901 shares

Increase in number of shares due to the stock split

22,981,901 shares

Total number of issued shares after the stock split

45,963,802 shares

Total number of shares authorized to be issued after the stock split

80,000,000 shares③ Schedule of the stock split
Date of public notice of the record date September

14, 2023

Record date

September

30, 2023

Effective date

October

1, 2023④ Impact on per share information
The impact on per share information is stated in the proper place.

8

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the Second 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 Second Quarter
Consolidated Cumulative
Period(From April 1, 2022
to September 30, 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 Second Quarter
Consolidated Cumulative
Period(From April 1, 2023
to September 30,2023)
AmountIncrease(decrease)

Component
ratio %

AmountRatio %

18,647

14.9

23,735

18.5

5,088

27.3

106,31885.1

104,787

81.5(1,531)

(1.4)

Total

124,966

100.0

128,523

100.0

3,557

2.8

(Renovations)

49,121

39.3

41,73732.5(7,384)(15.0)(Industrial facilities)

53,74443.0

65,76451.2

12,01922.4(Overseas operations)

13,486

10.8

7,149

5.6

(6,337)(47.0)

Electrical installations

13,97016.9

14,269

15.6

299

2.1

68,72083.1

77,036

84.4

8,316

12.1

Total

82,690100.091,306

100.0

8,615

10.4

(Renovations)

36,092

43.6

31,69834.7(4,393)(12.2)(Industrial facilities)

32,30539.1

42,98347.1

10,67833.1(Overseas operations)

7,794

9.4

9,040

9.9

1,245

16.0

Electrical installations

28,14013.6

28,791

13.0

651

2.3

177,917

86.4

192,58387.0

14,6668.2

Total

206,057

100.0

221,375

100.0

15,317

7.4(Renovations)

49,92524.2

46,341

20.9(3,584)(7.2)(Industrial facilities)

66,69932.4

83,34837.7

16,64825.0(Overseas operations)

18,531

9.0

14,105

6.4(4,425)(23.9)

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.

9