Financial Results Material
for the First Quarter of the
Period Ending March 2024
August 4, 2023

Contents

Consolidated Performance
SummaryFirst Quarter Financial Closing
Highlights
Full-Year Earnings Forecast
Reference: DATA FILE(Full Year)2

First Quarter Financial Results
for the Period Ending March 2024

Consolidated
Performance
Summary3

Consolidated Performance Summary
Overview of consolidated management indicators, etc. (operating results)(Millions of yen)
1st Quarter of
period ended
March 2023

1st Quarter of
period ending
March 2024

Increase(Decrease)

Change rate

Net sales of uncompleted construction
contracts at beginning of period

163,782

184,158

20,375

12.4%

Net sales of construction contract orders
received

66,71267,005292

0.4%

Net sales of completed construction
contracts

35,342

40,731

5,389

15.2%

4,280

4,459

179

4.2%

12.1%

10.9%

-1.2p

–

818

691

(126)

-15.5%

2.3%

1.7%

-0.6p

–

1,308

1,141

(167)

-12.8%

3.7%

2.8%

-0.9p

–

862

755

(107)

-12.5%

2.4%

1.9%

-0.6p

–

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 (%)

Business environment and the Company’s performance summary⚫ Net sales of construction contract orders received remained favorable, at the same level as the previous period, thanks to orders secured
for large-scale construction projects, mainly for industrial, medical, and Osaka Kansai Expo-related facilities.
⚫ In uncompleted construction contracts carried over from the previous period, large-scale general construction projects posted an increase.
On the other hand, highly profitable mid-to-large renovations decreased. As a result, while net sales of completed construction contracts
increased, gross profit margin of completed construction contracts decreased.
⚫ Despite the year-on-year increase in gross profit on completed construction contracts, operating profit decreased due to an increase in
SG&A expenses resulting from DX investment and other reasons.
© 2023 DAI-DAN Co.,Ltd.

4

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

267

(741)
Increase Decrease

653

(306)
818
691

Results of 1st Quarter of
period ended March 2023

Increase in value ofwork done

Foreign exchange effects
due to the yen’s
depreciation

Decrease in gross profit
margin of completed
construction contracts

Due to an increase in
SG&A expenses andother factors

Results of 1st Quarter of
period ending March
2024⚫ The increase in the value of work done is attributable to steady progress on large-scale construction projects such as industrial facilities,
airports, and medical facilities.
⚫ The yen’s depreciation, which began in the previous year, is still ongoing in the current period, resulting in an increase in foreign
currency-denominated sales at our overseas branches, contributing to profit growth.
⚫ The decrease in highly profitable medium-scale renovations pushed down the gross profit margin of completed construction contracts.
© 2023 DAI-DAN Co.,Ltd.

5

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

Net sales(uncompleted)

Net sales(completed)

Orders received

1st Quarter of
period ended
March 2023

1st Quarter of
period ending
March 2024

Increase(Decrease)

Change rate

Electrical installations

7,906

10,959

3,052

38.6%

Air conditioning andplumbing installations

58,80556,046(2,759)

-4.7%

Total

66,71267,005292

0.4%Electrical installations

6,102

6,160

58

1.0%

Air conditioning andplumbing installations

29,23934,571

5,331

18.2%

Total

35,342

40,731

5,389

15.2%

Electrical installations

25,26624,122(1,143)-4.5%

Air conditioning andplumbing installations

169,885

186,308

16,423

9.7%

Total

195,152

210,431

15,2797.8%⚫ Orders received remained unchanged from the previous period due to an increase in orders mainly for industrial facilities and redevelopment
projects in electrical installations.
⚫ Net sales (completed) increased as large-scale construction projects including industrial facilities, airports, and medical facilities saw steadyprogress.
⚫ Net sales (uncompleted) increased as large-scale construction contract orders were received mainly for medical facilities, redevelopment
projects, and industrial facilities.
© 2023 DAI-DAN Co.,Ltd.

6

Consolidated Performance Summary
Overview of consolidated management indicators, etc. (financial position)(Millions of yen)
Period ended
March 2023

1st Quarter of
period ending
March 2024

Increase(Decrease)

Major factors behind increase/decrease
and annotation items

Change rate

0.8% –Net assets

82,424

83,093668

Total assets

148,544

136,803(11,740)-7.9% made progress.

Book value per share (BPS)

3,841.33 yen

3,870.13 yen

28.80 yen

0.7% –

Price book-value ratio (PBR)

0.62 times

0.70 times

–

–

55.4%

60.6%

5.2p

– –

Equity capital ratio

Payment of liabilities recorded in the previous period(Reference) Closing stock price as of Mar. 31, 2023: 2,369 yen
Closing stock price as of Jun. 30, 2023: 2,722 yen

Overview of consolidated management indicators, etc. (cash flows)[Reference: Not disclosed in the brief report on financial statements](Millions of yen)
1st Quarter of
period ended
March 2023

Cash flows from operating
activities
Cash flows from investing
activities
Cash flows from financing
activities
Cash and cash equivalents at
beginning of period
Increase/decrease in cash andcash equivalents
Cash and cash equivalents at
end of quarter© 2023 DAI-DAN Co.,Ltd.

1st Quarter of
period ending
March 2024

Increase(Decrease)

Change rate

Major factors behind increase/decrease
and annotation items– Advanced payment of construction costs(657)(3,324)(2,666)

(860)

(991)

(130)

– offsite facilities, etc.

(1,287)(1,361)(74)– Dividend payment

16,03725,3489,310

58.1% –

(2,655)(5,552)(2,897)– –13,381

19,7956,413

47.9% –

Reconstruction of Niigata Branch, construction of7

Consolidated Performance Summary
Breakdown of cash flows (Trends in period-end balance of cash and cash equivalents)(Millions of yen)

Increase Decrease(3,324)
Operating CF(991)
Investing CF
Period-end cash
and cashequivalents
25,348(1,361)
Financing CF

125Translationdifferences
Period-end cash
and cashequivalents
19,795Period ended
March 2023

1st Quarter of period
ending March 2024

⚫ Regarding the breakdown of cash flows, net cash decreased in all three categories due to different factors: Operating CF (advancepayment of construction costs), Investing CF (Reconstruction of Niigata Branch, construction of offsite facilities, etc.), and Financing CF(dividend payment).
⚫ We have signed commitment credit line agreements with three banks for efficient working capital financing.
© 2023 DAI-DAN Co.,Ltd.

8

First Quarter Financial Results
for the Period Ending March 2024

First Quarter
Financial Closing
Highlights
9Status of construction orders received
Renovations, direct orders, and public works(Millions of yen)

Period ending
March 2024

Period ended March 2023
First quarter

Second to fourth
quarters

Full year

First quarter

Year-on-year change
Increase(Decrease)

Change rate

30,25153,44083,691

21,668(8,582)-28.4%

Ratio of renovations (%)

45.3%

38.3%

40.6%

32.3%

–

–

Mid-to-large renovations

16,491

22,52739,018

9,625(6,866)-41.6%

Small-scale renovations

13,75930,91344,673

12,043(1,716)-12.5%

General construction works

36,461

86,184

122,646

45,336

8,875

24.3%

Total orders received

66,712

139,625

206,337

67,005292

0.4%

Of which, direct orders

33,27957,01390,29323,373(9,906)-29.8%

49.9%

40.8%

43.8%

34.9%

–

–

5,606

14,224

19,83015,753

10,146181.0%

8.4%

10.2%

9.6%

23.5%

–

–

Renovations

Ratio of direct orders (%)
Of which, public works
Ratio of public works (%)⚫ Renovations decreased as we focused on receiving large-scale general construction project orders to increase order receipts.
⚫ Large-scale general construction work increased thanks to orders received mainly for industrial and medical facilities.
⚫ Direct orders showed a reactionary drop following the overseas large-scale projects received in the previous period.
⚫ Public work grew substantially thanks to large-scale project orders received.

© 2023 DAI-DAN Co.,Ltd.

10

Status of construction orders received
Industrial facilities(Millions of yen)

Period ending
March 2024

Period ended March 2023
First quarter

Total industrial facilities(Share of total orders: %)Total orders received

Second to fourth
quarters

Full year

First quarter

Year-on-year change
Increase(Decrease)

Change rate

29,452

61,72891,181

32,843

3,391

11.5%

44.1%

44.2%

44.2%

49.0%

–

–

66,712

139,625

206,337

67,005292

0.4%* Factories, labs, data centers, and logistics facilities are classified as “industrial facilities.”

Trends in industrial facility orders received
Industrial facilities

Of which, small-scale work

Industrial facilities’ share of total orders(Millions of yen)

40,0002,800

30,00060.0%⚫ Orders received for industrial facility
construction exceeded the previous
period’s record high, and the share of totalorders received rose to 49%.
⚫ We expect to receive more construction
orders, such as for large-scale
semiconductor plants.

3,337
40.0%

20,0003,038
26,1153,704
10,00015,683

11,341

30,04420.0%

15,825

0

0.0%
1Q of
period ended
March 2020

© 2023 DAI-DAN Co.,Ltd.

1Q ofperiod ended
March 2021

1Q ofperiod ended
March 2022

1Q ofperiod ended
March 2023

1Q ofperiod ending
March 2024

11

Status of construction orders received
Overseas operations⚫ Singapore (Branch and DAI-DAN INTERNATIONAL ASIA PTE. LTD.), Thailand (DAI-DAN (THAILAND) CO., LTD.), Vietnam (DAI-DAN(VIETNAM) CO., LTD. (non-consolidated)), and Taiwan (DAI-DAN Taiwan Co., Ltd. (non-consolidated)) are the bases of our overseas
operations.
⚫ In February 2023, we acquired 40% of shares of Presico Engineering Pte. Ltd., a Singaporean company, and made it an equity method
applied affiliate.
(Millions of yen)
Period ending
March 2024

Period ended March 2023
First quarter

Second to fourth
quarters

Full year

First quarter

Year-on-year change
Increase(Decrease)

Change rate

Total overseas orders received(Consolidated)

10,02910,36020,3904,331(5,698)-56.8%(Share of total orders: %)

15.0%

7.4%

9.9%

6.5%

–

–

66,712

139,625

206,337

67,005292

0.4%

Total orders received

Trends in overseas construction orders received (Consolidated)
DAI-DAN (THAILAND)SINGAPORE (BRANCH & DAI-DAN INTERNATIONAL ASIA)
Overseas share of total orders(Millions of yen)

12,000

20.0%

161

15.0%

8,000

⚫ Singapore experienced a reactionary drop
following the overseas large-scale resort
facility projects received in the previous
period.
⚫ Thailand posted a year-on-year increase
resulting mainly from orders received forplant construction.

10.0%

9,869

4,000

357
734

211
1,042

1Q of
period ended
March 2020

1Q ofperiod ended
March 2021

0

© 2023 DAI-DAN Co.,Ltd.

85
2,317
1Q of
period ended
March 2022

574

5.0%

3,758
0.0%
1Q of
1Q of
period ended period ending
March 2023
March 2024

12

Status of completed construction contracts(Millions of yen)First quarter of period
ended March 2023
Monetary amountFirst quarter of period
ending March 2024

Composition ratio

Monetary amountYear-on-year change

Composition ratio

Monetary amount

Change rate

Total net sales of completed
construction contracts

35,342100.0%

40,731100.0%

5,389

15.2%

Of which; (Renovations)

16,47946.6%

14,30735.1%(2,171)-13.2%(Industrial facilities)

14,293

40.4%

19,498

47.9%

5,204

36.4%

(Overseas operations)

2,738

7.7%

3,585

8.8%

847

30.9%

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

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

45,00030,00015,000⚫ Renovations decreased due to anincrease in general construction work
carried over from the previous period.
⚫ Industrial facility construction works
and overseas operations increased
due primarily to progress in large-scaleconstruction projects for factories anddata centers.
⚫ In addition to the above, progress with
airport and redevelopment projects
pushed up net sales of completed
construction contracts.

0
1Q of
period ended
March 2020
Renovations© 2023 DAI-DAN Co.,Ltd.

1Q ofperiod ended
March 2021

Industrial facilities

1Q ofperiod ended
March 2022

Overseas operations

1Q ofperiod ended
March 2023

1Q ofperiod ending
March 2024

Total net sales of completed construction contracts

13

Status of uncompleted construction contracts(Millions of yen)First quarter of period
ended March 2023
Monetary amount
Net sales of uncompleted
construction contracts at
beginning of period
Net sales of construction
contract orders received
Net sales of completed
construction contracts
Net sales of uncompleted
construction contracts

First quarter of period
ending March 2024

Composition ratio

Monetary amountYear-on-year change

Composition ratio

Monetary amount

Change rate

163,782–

184,158–

20,375

12.4%

66,712–67,005

–

292

0.4%

35,342–

40,731

–

5,389

15.2%

195,152

100.0%

210,431100.0%

15,2797.8%

50,66826.0%

43,66320.7%(7,005)-13.8%(Industrial facilities)

60,41731.0%

73,91335.1%

13,495

22.3%(Overseas operations)20,13010.3%

16,7428.0%(3,388)-16.8%

104,264–

122,594–

18,33017.6%

Of which; (Renovations)Of these, contracts to becompleted in current period* The figures in the table include a certain amount of overlap, as calculation is done by construction type: renovations, industrial facilities, and overseas operations.

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

250,000
200,000
150,000
100,000
50,0000
1Q ofperiod ended
March 2020
Renovations© 2023 DAI-DAN Co.,Ltd.

1Q ofperiod ended
March 2021

Industrial facilities

1Q ofperiod ended
March 2022

Overseas operations

1Q ofperiod ended
March 2023

1Q ofperiod ending
March 2024

⚫ As for uncompleted construction
contracts for the current period, net
sales of construction contract orders
received exceeded net sales ofcompleted construction contracts,
posting year-on-year growth.
⚫ A sufficient volume of unfinishedconstruction projects has been secured,
especially for large-scale projects suchas medical facilities and industrial
facilities, and these will contribute to thevalue of work done for the current
period.

Total net sales of uncompleted construction contracts

14

First Quarter Financial Results
for the Period Ending March 2024

Full-Year Earnings
Forecast for the
Period Ending
March 202415

Full-year earnings forecast
Consolidated full-year earnings forecast(Millions of yen)
Period ended March 2023
Second tofourth quarters

First quarter

Period ending March 2024
Full year

Second tofourth quarters(Forecast)First quarter

Year-on-year change, full year

Full year(Forecast)

Increase(Decrease)

Change rate

Net sales of construction
contract orders received

66,712

139,625

206,337

67,005

142,995

210,000

3,663

1.8%

Net sales of completed
construction contracts

35,342

150,619

185,961

40,731

159,269

200,000

14,039

7.5%

4,280

18,344

22,624

4,459

19,941

24,400

1,776

7.9%

12.1%

12.2%

12.2%

10.9%

12.5%

12.2%

0.0%

–

818

7,610

8,428

691

7,809

8,500

72

0.9%

2.3%

5.1%

4.5%

1.7%

4.9%

4.3%

-0.3%

–

1,308

7,980

9,288

1,141

7,759

8,900

(388)

-4.2%

Ordinary profit margin (%)

3.7%

5.3%

5.0%

2.8%

4.9%

4.5%

-0.5%

–

Net profit attributable to ownersof parent

862

5,764

6,626

755

5,745

6,500

(126)

-1.9%

Net profit margin (%)

2.4%

3.8%

3.6%

1.9%

3.6%

3.3%

-0.3%

–

–

–

8.3%

–

–

7.7%

-0.6%

–

Gross profit on completed
construction contracts
Gross profit margin ofcompleted construction
contracts (%)
Operating profit
Operating profit margin (%)
Ordinary profit

Return on equity (ROE)

Preconditions for earnings forecast⚫ There has been no change to our earnings forecast in the brief report on the financial statements announced on May 11, 2023.
⚫ Compared to a year ago, we recorded higher sales but lower profits in the first quarter of the current period. Nevertheless, we have asufficient volume of unfinished construction projects to be completed in the current period and expect full-year earnings to be in line with
our forecast.
© 2023 DAI-DAN Co.,Ltd.

16

Shareholder return
Stock split and revision of dividend forecast (dividend increase)
At a Board of Directors meeting held on August 4, 2023, the Company resolved to approve a stock split, partially amend
its Articles of Incorporation, and revise its dividend forecast (dividend increase).

Stock split
1. Stock split(1) Purpose of the stock split
The purpose of the stock split is to create a more investment-friendly environment, improve market liquidity, andexpand the investor base by reducing the price of share-trading units of the Company’s stock.
(2) Outline of the stock split[1] Split method
The record date of the stock split will be Saturday, September 30, 2023 (the determination of shareholders listedon the shareholder register will effectively be made on Friday, September 29, 2023, because September 30, 2023
is a non-business day). Each share of the Company’s common stock held by shareholders listed on the final
shareholder register as of the record date will be split into 2 shares.
[2] Increase in the number of shares resulting from the stock split
Total number of shares outstanding before the stock split

22,981,901 shares

Number of shares to be increased by the stock split

22,981,901 shares

Total number of shares issued and outstanding after the stock split

45,963,802 shares

Total number of authorized shares after the stock split

80,000,000 shares[3] Schedule for the stock split(Scheduled) Date of public notice of record date: September 14, 2023 (Thursday); Record date: September 30,
2023 (Saturday); and Effective date: October 1, 2023 (Sunday)© 2023 DAI-DAN Co.,Ltd.

17

Shareholder return
Revision of dividend forecast (dividend increase)⚫ To further enhance returns to our shareholders who provide us with continued support, we plan to increase the year-end dividend pershare for the fiscal year ending March 31, 2024 by 5 yen from the 55 yen per share before the stock split announced on May 11, 2023, to
60 yen per share before the stock split (30 yen after the stock split).
Full-year dividend

End of second
quarter

End of period

Total

Total dividend

Dividend ratio

Dividend on
equity ratio(Total sum)(Consolidated)(Consolidated)

Yen SenYen SenYen SenMillion yen%%

Period ended March 2022

45.00

45.00

90.00

1,935

33.3%

2.5%

Period ended March 2023

45.00

55.00

100.00

2,150

32.3%

2.7%

Period ending March 2024
(Forecast)

55.00

30.00

–

–

37.9%

–

(60.00)(115.00)(On the pre-stock split basis)

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.
⚫ Aiming to further promote profit returns to shareholders, we have set a new dividend policy of a dividend payout ratio of 35% or more
(previously 30%) for the period ending March 2024 and onward.

Purchase of treasury shares⚫ We will consider it as appropriate aiming for returning profits to our shareholders and improving capital efficiency.
© 2023 DAI-DAN Co.,Ltd.

18

Reference:
DATA FILE(Full Year)
19

Consolidated net sales of construction orders received
by construction type (Full year)(Millions of yen)

Period ended
March 2019

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Electrical installations

25,69030,88527,23627,25428,741

Air conditioning andplumbing installations

132,843

139,236

149,289

156,414

177,596

Total

158,533

170,121

176,526

183,668

206,337

Consolidated net sales of construction orders received (by construction type)(Millions of yen)

240,000

200,000

28,741160,000

30,88527,23627,254

Electrical installations
Air conditioning andplumbing installations

25,690120,000

177,596
80,000132,843

139,236

Period ended
March 2019

Period ended
March 2020

149,289

156,41440,0000© 2023 DAI-DAN Co.,Ltd.

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

20

Trends in consolidated orders received(Orders received / Renovations) (Full year)(Millions of yen)

Period ended
March 2019

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Net sales of
construction contract
orders received

158,533

170,121

176,526

183,668

206,337

Renovations

82,10985,00177,75489,224

83,691

Percentage ofrenovations

51.8%

50.0%

44.0%

48.6%

40.6%

Trends in consolidated orders received(Orders received / Renovations [Orders received / Percentage])(Millions of yen)

250,000

60.0%

50.0%

200,000

40.0%
150,000
30.0%
100,000
20.0%
50,00089,224

83,691

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Orders received

Percentage of renovations

82,10985,00177,754

Period ended
March 2019

Period ended
March 2020
Of which, renovations

0© 2023 DAI-DAN Co.,Ltd.

10.0%

0.0%

21

Percentage of consolidated orders received by division(Full year)
Percentage of orders received
Period ended
March 2019

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

East Japan Division

38.6%

39.1%

40.0%

41.2%

36.4%

Central Japan Division

18.1%

18.3%

17.5%

16.8%

16.1%

West Japan Division

36.9%

36.6%

37.0%

35.8%

37.6%

International Division

6.4%

6.0%

5.5%

6.2%

9.9%

Percentage of orders received by division* The Central Japan Division will be integrated into
the East Japan Division from the fiscal year ending
March 31, 2024 due to organizational changes.

100.0%

80.0%

38.6%

39.1%

40.0%

41.2%

36.4%

60.0%
18.1%

16.1%

18.3%

17.5%

16.8%

East Japan Division
Central Japan Division
West Japan Division

40.0%

International Division

37.6%
36.9%

36.6%

37.0%

35.8%

6.4%

6.0%

5.5%

6.2%

9.9%

Period ended
March 2019

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

20.0%

0.0%

© 2023 DAI-DAN Co.,Ltd.

22

Consolidated net sales of completed construction contracts
by construction type (Full year)(Millions of yen)
Period ended
March 2019

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Electrical installations

24,393

26,84024,86525,67632,879Air conditioning andplumbing installations

131,171

142,388

132,846

137,253

153,082

Total

155,565

169,229

157,712

162,929

185,961(Millions of yen)

Consolidated net sales of completed construction contracts(by construction type)240,000

200,000

32,879160,000

26,84024,39324,86525,676

132,846

137,253

153,082

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Electrical installations
Air conditioning andplumbing installations

120,000

80,000131,171

142,388

40,0000

Period ended
March 2019
© 2023 DAI-DAN Co.,Ltd.

Period ended
March 202023

Percentage of consolidated net sales of completed
construction contracts by division (Full year)
Percentage of net sales of completed construction contracts
Period ended
March 2019

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

East Japan Division

37.1%

45.3%

41.3%

37.5%

38.5%

Central Japan Division

18.0%

15.8%

16.9%

17.2%

17.4%

West Japan Division

40.2%

34.9%

37.7%

38.8%

34.8%

International Division

4.7%

4.0%

4.1%

6.4%

9.3%

Percentage of net sales of completed construction contracts by division* The Central Japan Division will be integrated into
the East Japan Division from the fiscal year ending
March 31, 2024 due to organizational changes.

100.0%

80.0%

37.1%
45.3%

41.3%

37.5%

38.5%

17.2%

17.4%

60.0%
18.0%
15.8%

16.9%

East Japan Division

West Japan Division

40.0%

International Division

40.2%© 2023 DAI-DAN Co.,Ltd.

38.8%

34.8%

4.1%

6.4%

9.3%

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

34.9%

37.7%

4.7%

4.0%

Period ended
March 2019

Period ended
March 2020

20.0%

0.0%

Central Japan Division24Consolidated operating/ordinary/net profits (Full year)(Millions of yen)
Period ended
March 2019

Period ended
March 2020

Period ended
March 2021

Period ended
March 2022

Period ended
March 2023

Period ending March2024 (Forecast)

Operating profit

7,661

9,063

8,754

7,584

8,428

8,500

Ordinary profit

8,057

9,282

9,262

8,095

9,288

8,900

Net profit

5,464

6,399

6,318

5,778

6,626

6,500

Operating profit

Ordinary profit(Millions of yen)

(Millions of yen)

10,00010,000

8,000

8,000

6,000

6,000

4,000

4,000

2,000

2,000

0

0
Period
ended
March
2019

Period
ended
March
2020

Period
ended
March
2021

Period
ended
March
2022

Period
ended
March
2023

PeriodendingMarch
2024(Forecast)

Period
ended
March
2019

Period
ended
March
2020

Period
ended
March
2021

Period
ended
March
2022

Period
ended
March
2023

PeriodendingMarch
2024(Forecast)

Net profit(Millions of yen)

8,000
6,000

4,000
2,000
0
Period
ended
March
2019

© 2023 DAI-DAN Co.,Ltd.

Period
ended
March
2020

Period
ended
March
2021

Period
ended
March
2022

Period
ended
March
2023

PeriodendingMarch
2024(Forecast)25

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

IR-related inquiries:
Corporate Communications Dept., Corporate Planning Division Tel: +81-3-5276-4568
2-15-10 Fujimi, Chiyoda-ku, Tokyo 102-8175© 2023 DAI-DAN Co.,Ltd.

26