Brief Report on the third Quarter Financial Statements for the Period Ending March 2012
[Japanese Standard] (Consolidated)
February. 9, 2012
Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Osaka Stock Exchange 1st section

Name of listed company: DAI-DAN Co., Ltd.
Code No.: 1980
URL http://www.daidan.co.jp/

Representative of Company: Nobukazu UEBAYASHI, Representative Director, President and Chief Operating Officer (C.O.O.)
Inquiries to be addressed to: Hirokazu KAWAKUBO, Director, Senior Executive Corporate Officer, Head of General Administration Division
Scheduled date to file a quarterly report: February 10, 2012
Date scheduled for dividend payment commencement: ─
Yes or no of preparation of quarterｌｙ settlement supplementary explanation data: No
Yes or no of holding of quarterｌｙ settlement explanation meeting: No

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 2012 (From April 1, 2011 to December 31, 2011)(1) Consolidated management performance (Cumulative total)(Percentage figures represent the changes from the same quarter period of the previous accounting year.)

Sales amountOperating profit

Million yen%

Million yen

81,854
71,836

13.9
-9.3

452
-407

Third quarter of the period ending March 2012
Third quarter of the period ending March 2011

Ordinary profit%

Quarterly net income

Million yen――%

Million yen

―
―

359
-353

-319
-402

%
―
―

(Reference) Comprehensive income: Third quarter of the period ending March 2012 -178 million yen (– %), Third quarter of the period ending March 2011-644 million yen (– %)Quarterly net income pershare (basic)
Yen
Third quarter of the period ending March 2012
Third quarter of the period ending March 2011

Quarterly net income pershare (diluted)

Sen
-7.16
-9.00

Yen

Sen

―
―

(2) Consolidated financial condition
Total assets

Net assets

Million yen
Third quarter of the period ending March 2012
94,190Period ended March 2011
96,306(Reference) Equity capital:
Third quarter of the period ending March 2012 40,279 Million yen,

Equity capital ratio

Million yen
40,35041,259Period ending March 2011

%
42.8
42.8
41,193 Million yen

2. Dividend status
Annual Dividends
End of first quarter
Yen
Period ending March 2011
Period ending March 2012
Period ending March 2012 (Forecast)End of second quarter
Sen

Yen

―
―

End of third quarter

Sen

Yen

Period end

Sen

Yen

―
―

8.00
8.00

Through year
Sen

Yen

Sen

8.00

16.00

8.00

16.00

(Note) Presence or absence of revision of dividend forecast published most recently: None

3. Estimate of consolidated performance for the period ending March 2012 (From April 1, 2011 to March 31, 2012)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
118,000

Operating profit%
8.0

Million yen
2,500(Note) Presence or absence of revision of dividend forecast published most recently: Yes(Reference) Estimated amount of work order received [full year]: 116,000 Million yen

Ordinary profit%
102.3

Million yen
2,300

Current net profit%
71.3

Million yen
1,000

Current net earnings per share%
77.0

Yen Sen
22.38

4. Others(1) Key subsidiary changes in the current quarter consolidated cumulative 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) Accounting policy change, accounting estimate change, revision redisplay• Accounting policy change due to revision of accounting standards etc.: None
‚ Accounting policy change other than •: NoneƒAccounting estimate change: None
„Revision redisplay: None
(4) Number of issued shares (common stock)• Number of issued shares at the end of period (including treasury stock)‚ Number of treasury stock at the end of period
ƒ Average numbers of shares in the period (Quarter cumulative total)•

Third quarter of period ending‚

Third quarter of period endingƒ

Third quarter of period ending

March 2012
March 2012
March 2012

45,963,803 shares

Period ending March 2011

45,963,803 shares

1,313,258 shares

Period ending March 2011

1,280,170 shares

44,677,233 shares

Third quarter of period ending

44,696,177 shares

March 2011

* Display Concerning State of Quarter Review Procedure Implementation
Review procedure of the quarter financial statement under the Financial Instruments and Exchange Act is implemented at the time of disclosure of thisquarter settlement brief statement.
* Explanation about adequate use of achievement forecasts and other noteworthy matters
The above forecasts are based on the information available at the time of preparation of this document and the assumption considered as reasonable
Consequently, actual results can differ materially from forecasts above due to various factors. For precautions for the assumptions for the above forecasts
and the use of forecasts of business results, please refer to information in the section “1. Qualitative Information on Current Quarter Account Settlement. (3)Qualitative Information on Consolidated Earnings Forecasts” on page 3 of the attached information.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2012 (From April 1, 2011 to March 31, 2012)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
117,000

Operating profit%
8.0

Million yen
2,500(Note) Presence or absence of revision of dividend forecast published most recently: Yes(Reference)Estimated amount of work order received [full year]: 115,000 Million yen

Ordinary profit%
99.8

Million yen
2,300

Current net earnings per share

Current net profit%
69.6

Million yen
1,000

%
74.2

Yen Sen
22 38

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012

○Contents of Information
1. Qualitative Information on Current Quarter Account Settlement ................................................. 2(1) Qualitative Information on Consolidated Operating Results ........................................................................... 2(2) Qualitative Information on Consolidated Financial State ................................................................................ 2(3) Qualitative Information on Consolidated Earnings Forecasts.......................................................................... 3
2. Items concerning Summary Information (Others) ................................................................................. 3(1) Changes in major subsidiaries in the current quarter consolidated cumulative period .................................... 3(2) Application of particular accounting to the preparation of quarter consolidated financial statements ............ 3(3) Changes in accounting policies, changes in accounting estimates, revision redisplay .................................... 3

3. Quarterly Consolidated Financial Statements .............................................................................. 4(1) Quarterly Consolidated Balance Sheet ............................................................................................................ 4(2) Quarterly Consolidated Profit and Loss Statement and Consolidated Comprehensive Income Statement ..... 6
Quarterly Consolidated Profit and Loss Statement
Third Quarter Consolidated Cumulative Period .............................................................................................. 6
Quarterly Consolidated Comprehensive Income Statement
Third Quarter Consolidated Cumulative Period ............................................................................................... 7(3) Notes to Going Concern Assumption .............................................................................................................. 8(4) Notes in Case of Significant Changes in the Amount of Shareholders’ Equity............................................... 8

4. Supplementary Information......................................................................................................... 8
Divisional amount of work orders received, completed works, and works carried over (consolidated) ............... 8-1-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012

1. Qualitative Information on Current Quarter Account Settlement(1) Qualitative Information on Consolidated Operating Results
Japan’s economy in the current third quarter consolidated cumulative period remained in the state of uncertain
prospects due to the ever-lasting severe conditions resulting from the effects of the Great East Japan Earthquake
disaster and the Fukushima Daiichi Nuclear Power Plant accidents in addition to the drastic strong yen
progression and prolongation, feeble U.S. economy recovery, still worrisome European financial turmoils and soon despite signs of supply chain recovery and upward corporate production activities.
Order-acceptance circumstance still remains severe in the construction industry mainly due to private-sector
investment lacking in strength and public-sector investment hovering at low levels despite some demand forrestoration and recovery work.
Under these circumstances, efforts were made to secure orders and profits under the mid-term operating plan
“Go Back to the Starting Point to Realize Viable DAI-DAN.” As a result, the following results were attained in
the current third quarter consolidated cumulative period:
Accepted-order work amount increased 7,566 million yen from the year-earlier same quarter consolidated
cumulative period to 84,940 million yen despite the severe order-acceptance circumstances.
Completed-work amount increased 10,017 million yen from the year-earlier same quarter consolidated
cumulative period to 81,854 million yen because of the increase in accepted-order amount and progression inlarge-size works.
Completed-work gross profit increased 975 million yen from the year-earlier same quarter consolidated
cumulative period to 7,683 million yen because of the increase in completed-work amount.
As for operating profit and loss, 452 million yen operating profit (vs. 407 million yen operating loss in the
year-earlier same quarter consolidated cumulative period) was recorded because of the increase incompleted-work gross profit.
As for ordinary profit and loss, 359 million yen ordinary profit (vs. 353 million yen ordinary loss in the
year-earlier same quarter consolidated cumulative period) was recorded because of the occurrence of 231 million
yen exchange loss etc. despite the increase in operating profit.
As for quarterly net profit and loss, 319 million yen quarterly net loss (vs. 402 million yen quarterly net loss inthe year-earlier same quarter consolidated cumulative period) was recorded because of the occurrence of 322
million yen investment securities appraisal loss, 67 million yen increase in adjustment for corporate tax etc. due todeferred tax asset disposition, and so on despite the increase in ordinary profit.
(2) Qualitative Information on Consolidated Financial State(Assets)
Liquid assets at the end of the current third quarter consolidated accounting period decreased 2,010 million yen
from the end of the preceding consolidated accounting year to 74,501 million yen mainly because of the decrease(2,019 million yen) in bills receivable and completed-work accounts receivable and the decrease (208 million yen)in cash and deposits. Fixed assets decreased 105 million yen from the end of the preceding consolidated
accounting year to 19,688 million yen mainly because the decrease (80 million yen) in tangible fixed assets, thedecrease (135 million yen) in intangible fixed assets, the decrease (317 million yen) in deferred tax assets, etc.
exceeded the increase (200 million yen) in investment securities, the increase (458 million yen) in prepaid pension
expense, etc.
As a result, total assets decreased 2,116 million yen from the end of the preceding consolidated accounting year
to 94,190 million yen.
(Liabilities)
Liquid liabilities at the end of the current third quarter consolidated accounting period decreased 875 million
yen from the end of the preceding consolidated accounting year to 49,856 million yen mainly because thedecrease (3,255 million yen) in bills payable, work accounts payable, etc. exceeded the increase (856 million yen)in uncompleted work accounts received, the increase (938 million yen) in bonus payment reserve, the increase(434 million yen) in work loss reserve, etc. Fixed liabilities decreased 331 million yen from the end of thepreceding consolidated accounting year to 3,983 million yen mainly because of the decrease (230 million yen) in
long-term loans payable, the decrease (92 million yen) in retirement benefit reserve, etc.
As a result, total liabilities decreased 1,207 million yen from the end of the preceding consolidated accounting
year to 53,839 million yen.
(Net Assets)
Total net assets at the end of the current third quarter consolidated accounting period decreased 909 million yen
from the end of the preceding consolidated accounting year to 40,350 million yen mainly because quarterly net
loss posting (319 million yen), surplus dividend (714 million yen), etc. exceeded the increase (114 million yen) inother securities appraisal variance and the increase (22 million yen) in exchange conversion adjustment accounts.
As a result, the equity capital ratio was 42.8% or at the same level as at the end of the preceding consolidated
accounting year.
-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012(3) Qualitative Information on Consolidated Earnings Forecasts
See “Notice on Business Performance Forecast Amendment” published today for March 2012 period businessperformance forecast amendment and contents.

2. Items concerning Summary Information (Others)(1) Changes in major subsidiaries in the current quarter consolidated cumulative period
No applicable matter.
(2) Application of particular accounting to the preparation of quarter consolidated financial statements
No applicable matter.
(3) Changes in accounting policies, changes in accounting estimates, revision redisplay
No applicable matter.

-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012

3. Quarterly Consolidated Financial Statements(1)Quarterly Consolidated Balance Sheet
Previous Consolidated
Accounting Year
(March 31, 2011)
AssetsLiguid assets
Cash and deposits
Bills receivables, completed work accounts
receivables
Securities
Uncompleted work expenditures
Inventories of raw materials and supplies
Deferred tax assets
OthersAllowance for bad debts
Total liquid assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Prepaid pension expense
OthersAllowance for bad debts
Total investments and other assets
Total fixed assets
Total assets-4-(in million yen)
Current Third Quarter
Consolidated Accounting Period(December 31, 2011)

23,93823,73048,83946,819

100
387
0
1,092
2,233
-80
76,512

99
1,022
0
1,077
1,756
-5
74,501

3,391
763

3,310
627

7,033
1,350
5,331
2,978
-1,054
15,63919,79496,306

7,234
1,032
5,789
2,514
-820
15,74919,68894,190DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012

Previous Consolidated
Accounting Year
(March 31, 2011)
Liabilities
Lipuid liabilities
Bills payable, work accounts payable
Short-term loans payable
Corporate tax, etc. payable
Uncompleted work accounts received
Reserves for bonus payment
Reserves for directors’ bonuses
Reserves for completed work compensation
Reserves for work loss
OthersTotal liquid liabilities
Fixed liabilities
Long-term loans payable
Reserves for retirement benefits
Reserves for environmental measureLong-term accounts payable
Reserves for overseas investment loss
OthersTotal fixed liabilities
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Earned surplus
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive profit
Appraisal variance of other securities
Exchange conversion adjustment accountTotal accumulated other comprehensive profit
Minority interest equity
Total net assets
Total liabilities and net assets-5-(in million yen)
Current Third Quarter
Consolidated Accounting Period(December 31, 2011)

36,344
6,645
2
1,661
−
−
187
811
5,079
50,732

33,088
6,631
60
2,518
938
44
191
1,246
5,137
49,856

2,095
1,544
220
439
13
0
4,314
55,047

1,865
1,451
220
439
5
0
3,983
53,8394,479
4,809
32,428
-626

4,479
4,809
31,393-642

41,09140,040

73
28
102
65
41,25996,306

188
50
238
70
40,35094,190DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012(2)Quarterly Consolidated Profit and Loss Statement and Consolidated Comprehensive Income
Statement(Quarterly Consolidated Profit and Loss Statement)(Third Quarter Consolidated Cumulative Period)

Completed work amountCompleted work costCompleted work gross profit
Selling expenses and general administrative expenses
Operating profit or operating loss (-)
Non-operating income
Interests received
Dividends received
Insurance claim received
OthersTotal non-operating income
Non-operating expenses
Interest payable
Guarantee charge payable
Loss on foreign exchange
OthersTotal non-operating expenses
Ordinary profit or ordinary loss (-)
Special profits
Profit on sales of fixed assets
Profit on sales of investment securities
Reversal of allowance for bad debts
Compensation for transfer of property
Total special profits
Special losses
Loss on sales of fixed assets
Loss on retirement of fixed assets
Appraisal Quarterly net loss on investment
securities
Appraisal loss on golf-club menbership
Total special losses
Quarterly net income or net loss (-) before income
taxes and other adjustment
Corporate tax, residence tax and business tax
Adjustment amounts such as for corporate taxes
Total corporate tax, etc.
Quarterly net loss (-) before adjustment of profit andloss of minority interests
Profit or loss of minority interests (-)
Quarterly net loss (-)

Previous Third Quarter
Consolidated Cumulative Period(From April 1, 2010 to
December 31, 2010)
71,836
65,129
6,707
7,114
-407

-6-

(in million yen)
Current Third Quarter
Consolidated Cumulative Period(From April 1, 2011 to
December 31, 2011)
81,854
74,170
7,683
7,230
452

17
119
151
31
318

11
138
98
46
294

122
7
122
12
264
-353

119
13
231
23
388
359

1
48
178
−
228

27
−
−
34
61

0
0

−
23

102

322

−
102

11
357

-226

63

80
104
185

104
267
371

-412

-308

-9
-402

11
-319

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012

(Quarterly Consolidated Comprehensive Income Statement)(Third Quarter Consolidated Cumulative Period)
Previous Third Quarter
Consolidated Cumulative Period(From April 1, 2010 to
December 31, 2010)(in million yen)
Current Third Quarter
Consolidated Cumulative Period(From April 1, 2011 to
December 31, 2011)

-412

-308

-226
-5
-231
-644

114
15
130
-178

-634

-183

-9

5

Quarterly net loss (-) before adjustment of profit andloss of minority interests
Other comprehensive profit
Appraisal variance of other securities
Exchange conversion adjustment accountTotal other comprehensive profit
Quarterly comprehensive profit(Particulars)
Quarterly comprehensive profit pertaining toparent company shareholders
Quarterly Comprehensive profit pertaining tominority shareholders-7-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2012(3)Notes to Going Concern AssumptionNone(4)Notes in Case of Significant Changes in the Amount of Shareholders’ Equity
None

4. Supplementary Information
Divisional amount of work orders received, completed works, and works carried over (consolidated)(in million yen)Previous Third Quarter
Consolidated Cumulative
periodCurrent Third Quarter
Consolidated Cumulative
PeriodPrevious consolidated
accounting year

(From April 1, 2010
to December 31, 2010)(From April 1, 2011
to December 31, 2011

(From April 1, 2010 toMarch 31, 2011)

Amount of works carriedoverAmount of completed
works

Amount of work orders
received

AmountComponent
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

13,53317.5

17,454

20.6

20,76518.8

Air-conditioning work

46,922

60.6

49,202

57.9

64,94958.6

Plumbing/sanitation

16,91721.9

18,283

21.5

25,036

22.6

Total

77,373100.0

84,940100.0

110,751

100.0(Renewal work)

39,24250.7

51,24560.3

55,39550.0(Overseas work)

2,052

2.7

7,379

8.7

2,301

2.1

Electrical work

13,41818.7

13,805

16.9

20,285

18.6

Air-conditioning work

42,88359.7

51,385

62.8

66,206

60.6

Plumbing/sanitation

15,534

21.6

16,66320.3

22,733

20.8

Total

71,836100.0

81,854100.0

109,224

100.0(Renewal work)

32,88045.8

40,18549.1

50,294

46.1(Overseas work)

3,436

4.8

4,479

5.5

5,809

5.3

Electrical work

9,737

11.0

13,751

15.7

10,101

11.9

Air-conditioning work

60,35468.1

52,87660.3

55,05965.1

Plumbing/sanitation

18,50020.9

21,04024.0

19,421

23.0

Total

88,592100.0

87,668100.0

84,582100.0(Renewal work)

22,42025.3

32,23436.8

21,17425.0(Overseas work)

3,543

4.0

4,319

4.9

1,419

1.7

-8-