Note: This document is translation of a part of the original Japanese version and provided for reference purposes only. If there is any
discrepancy between the Japanese original and this English translation, the Japanese original will prevail.

Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023
[Japanese Standard] (Consolidated)
February 8, 2023

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

Stock Exchange Listing:Tokyo Stock Exchange Prime Market

Code No.: 1980 URL: https://www.daidan.co.jp/
Representative of Company: Ichiro Fujisawa, Representative Director, PresidentInquiries to be addressed to: Yasuo Kamei, Director, Executive Corporate Officer,
Head of General Administration
Date scheduled to submit Quarterly report:
February 8, 2023
Creating supplements to the financial statement:
Yes
Holding a briefing session on the financial statement:
NoneTel. (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 2023 (From April 1, 2022 to December 31, 2022)(Percentage indications show increase or decrease from the previous period.)(1) Consolidated management performance (Cumulative total)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Third quarter of the130,088
20.2
5,171
27.4
5,851
33.0
period ending March 2023
Third quarter of the108,257(2.6)
4,060(43.6)
4,399(42.1)
period ending March 2022(Note)
Comprehensive income Third quarter of the period ending March 2023 3,969 Million yen 78.1%
Third quarter of the period ending March 2022 2,229 Million yen (66.9%)

Profit per share

Yen Sen186.86―143.04―(2) Consolidated financial position
Total assets

Net assets

Million yen

End of first quarter

3,999

30.7

3,059

(41.1)

Equity capital ratio

Million yen%

Third quarter of the139,380
79,310period ending March 2023
Period ending March 2022
139,099
77,242(Reference) Equity capital Third quarter of the period ending March 2023 79,150 Million yen
Period ending March 2022 77,081 Million yen

2. Dividends%

Diluted Profit per share

Yen SenThird quarter of theperiod ending March 2023
Third quarter of theperiod ending March 2022

Million yen

56.855.4

Annual dividends per share
End of second quarter End of third quarter

Yen Sen――Yen Sen
45.00
45.00

Period end

Yen Sen――Through year

Yen Sen45.00

Yen Sen
Period ending March 2022
90.00
Period ending March 2023
Period ending March 2023
55.00
100.00(Forecast)(Note) 1 Presence of revision from dividend forecast published most recently: None
2 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 2023 (From April 1, 2022 to March 31, 2023)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen

Total period

Operating profit%

Mil. yen

Profit attributable toowners of parent

Ordinary profit%

Mil. yen

180,000
10.5
8,500
12.1
8,700
(Reference) Estimated net sales of construction contract orders 193,000 Million yen(Note)
Presence of revision from estimate of performance published most recently: None%

Mil. yen%

7.5

6,000

3.8Profit per share
YenSen280.46

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

Third quarter ofPeriod ending
the period ending 22,981,901 shares
March 2022
March 2023
Third quarter ofPeriod ending
the period ending 1,572,017 shares
March 2022
March 2023
Third quarter ofThird quarter ofthe period ending 21,404,017 shares the period ending
March 2023
March 2022

22,981,901 shares
1,588,839 shares
21,386,600 shares(Note) The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (107,302
shares for the period ending March 2022, 90,207 shares for the third quarter of the period ending March 2023). In addition, theCompany's shares held in the BIP Trust for Directors (114,080 shares for the third quarter of the period ending March 2022, 96,257
shares for the quarter of the third period ending March 2023) are also included in treasury shares, which is deducted in the calculationof the average number of shares outstanding during the period.

* 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.
(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 2023 (From April 1, 2022 to March 31, 2023)(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

175,000
8.6
8,500
10.3
8,700
Estimated net sales of construction contract orders 182,000 Million yen
Presence of revision from estimate of performance published most recently: NoneProfit

Profit per share%

Mil. yen%

Yen Sen

5.9

6,000

2.3

280.46

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023

 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)(Third Quarter Consolidated Cumulative Period)............................................................................................4(Consolidated Statements of Comprehensive Income)(Third 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
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), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023

1. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2022)
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
OtherAllowance 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 Third Quarter
Consolidated Accounting
Period(As of December 31, 2022)

16,065

17,531

68,90361,491

15,002
464
4,416
(6)
104,846

20,665
1,475
2,572
(126)
103,610

5,893
409

7,003
802

15,837
10,628
1,622(138)
27,94934,253139,099

15,81010,672
1,612(131)27,964
35,770139,380

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023

(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2022)
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 Third Quarter
Consolidated Accounting
Period(As of December 31, 2022)

24,025

18,401

12,0473,229
701

12,566
2,578
450

2,058

3,393

－－
26
70
615
8,703
6,004
57,483

1,820
21
17
84
428
10,542
4,402
54,709

675
2,419
1,251
5
22
4,374
61,857

1,021
3,052
1,233
5
46
5,360
60,0694,479
4,837
63,946(3,166)70,097

4,479
4,837
66,011(3,132)
72,195

6,079
34
870
6,984
160
77,242139,099

6,166117
670
6,954
160
79,310139,380

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Third 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
Rental income from real estateInsurance fee income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Rental expenses on real estate
Arrangement Fees
Commitment Fees
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
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 - deferredTotal income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

4

Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2021
to December 31, 2021)
108,257
94,694
13,562
9,502
4,060

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2022
to December 31, 2022)
130,088
114,612
15,476
10,305
5,171

7
299
25
122
16
9481

7
367
23
128
205
42775

82
4
9
35
0
11
142
4,399

53
8
9－
15
8
95
5,851－
248
248

3
270
274

82
4
87
4,560
301
1,239
1,541
3,019
(39)
3,059

16－16
6,108
1,444
682
2,126
3,982
(17)
3,999

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023

(Consolidated Statements of Comprehensive Income)(Third 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 Third Quarter
Consolidated Cumulative
Period(From April 1, 2021
to December 31, 2021)
3,019

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2022
to December 31, 2022)
3,982

(615)
(24)
(149)
(789)
2,229

86100
(199)
(12)
3,969

2,281

3,969

(52)

(0)

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023

(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)
None6

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2023

2. Supplementary Information

Divisional net sales of construction contract orders received, completed construction contracts, and uncompletedconstruction contracts (consolidated)(Millions of yen)Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2021
to December 31, 2021)
AmountNet sales of construction
contract orders receivedElectrical installations

Net sales of completed
construction contracts(From April 1, 2022
to December 31, 2022)
AmountIncrease(decrease)

Component
ratio %

AmountRatio %

18,34712.2

24,212

14.6

5,864

32.0

98,24765.5

104,530

63.1

6,283

6.4

33,52322.3

36,840

22.3

3,317

9.9

131,77087.8

141,370

85.4

9,600

7.3

Total

150,118

100.0

165,583

100.0

15,464

10.3(Renovations)

72,06048.0

66,24040.0(5,820)(8.1)(Industrial facilities)

58,56739.0

76,19646.0

17,62930.1(Overseas operations)

10,241

6.8

15,020

9.1

4,779

46.7

Electrical installations

16,621

15.4

21,921

16.8

5,300

31.9

Air
conditioning
installations

64,96760.0

78,78660.6

13,81921.3

Plumbing
installations

26,66824.6

29,380

22.6

2,711

10.2

subtotal

91,63684.6

108,167

83.2

16,531

18.0

Total

108,257

100.0

130,088

100.0

21,831

20.2(Renovations)

56,12951.8

57,717

44.4

1,588

2.8

(Industrial facilities)

46,86943.3

51,928

39.9

5,058

10.8

(Overseas operations)

6,674

6.2

11,602

8.9

4,928

73.8

Electrical installations

23,611

12.8

25,753

12.9

2,141

9.1

Air
conditioning
installations

119,21764.5

131,37865.9

12,16010.2

Plumbing
installations

42,07422.7

42,144

21.2

70

0.2

subtotal

161,292

87.2

173,52287.1

12,2307.6

Total

184,904

100.0

199,276100.0

14,372

7.8(Renovations)

48,78526.4

45,41922.8(3,366)(6.9)(Industrial facilities)

51,95328.1

69,52834.9

17,574

33.8(Overseas operations)

15,434

8.3

16,257

8.2

823

5.3

and plumbingAir
conditioning
installations
Plumbing
installations

installations

subtotalAir
conditioningAir
conditioning
and plumbinginstallations

AirNet sales of uncompleted
construction contracts

Component
ratio %

Current Third Quarter
Consolidated Cumulative
Periodconditioningand 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, Industrial facilities and Overseas operations are aggregated for each type of construction. These includes duplicatedconstruction.

7