Dai Dan : Business Result of 2023 1st Quarter

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 First Quarter Financial Statements for the Period Ending March 2023

[Japanese Standard] (Consolidated)

	August 5, 2022
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:	August 5, 2022
Creating supplements to the financial statement:	Yes
Holding a briefing session on the financial statement:	None

(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the first quarter of the period ending March 2023 (From April 1, 2022 to June 30, 2022)

(1) Consolidated management performance (Cumulative total)	(Percentage indications show increase or decrease from the previous period.)
			Net sales		Operating profit			Ordinary profit	Profit attributable to
						owners of parent
			Million yen	%	Million yen	%			Million yen	%	Million yen	%
	First quarter of the	35,342		29.7		818	54.8	1,308	72.0	862	71.9
	period ending March 2023
	First quarter of the	27,256		(21.7)		528	(76.8)		760		(69.9)	501	(70.8)
	period ending March 2022
(Note)	Comprehensive income First quarter of the period ending March 2023 755 Million yen	968.6%
			First quarter of the period ending March 2022	70 Million yen	(96.4%)
			Profit per share	Diluted Profit per share

First quarter of the

period ending March 2023 First quarter of the period ending March 2022

Yen Sen

Yen Sen

40.31―

23.48―

(2) Consolidated financial position

Total assets

Net assets

Equity capital ratio

		Million yen	Million yen
	First quarter of the	126,427		77,040
	period ending March 2023
	Period ending March 2022	139,099		77,242
(Reference) Equity capital	First quarter of the period ending March 2023	76,879 Million yen
		Period ending March 2022 77,081 Million yen

%

60.8

55.4

2. Dividends

			Annual dividends per share
		End of first quarter	End of second quarter	End of third quarter		Period end		Through year
		Yen Sen	Yen Sen	Yen Sen	Yen Sen		Yen Sen
	Period ending March 2022	―	45.00	―	45.00	90.00
	Period ending March 2023	―
	Period ending March 2023		45.00	―		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			Operating profit		Ordinary profit		Profit attributable to		Profit per share
								owners of parent
				Mil. yen	%		Mil. yen	%		Mil. yen	%		Mil. yen	%		Yen Sen
	Total period		175,000		7.4		8,500		12.1		8,700		7.5		6,000		3.8		280.46
(Reference)	Estimated net sales of construction contract orders 193,000 Million yen
(Note)	Presence of revision from estimate of performance published most recently: None

 Average number of shares in the period (quarter total)

 Number of treasury shares at the end of period

 Number of issued shares at the end of period (including treasury shares)

First quarter of the period ending March 2023

First quarter of the period ending March 2023

First quarter ofFirst quarter of

the period endingthe period ending

March 2023March 2022

(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, 102,007 shares for the first quarter of the period ending March 2023). In addition, the Company's shares held in the BIP Trust for Directors (125,770 shares for the first quarter of the period ending March 2022, 106,390 shares for the first quarter of the period ending March 2023) are also included in treasury shares, which is deducted in the calculation of the average number of shares outstanding during the period.

21,393,963 shares

1,583,612 shares

22,981,901 shares

Period ending March 2022

Period ending March 2022

21,375,091 shares

1,588,839 shares

22,981,901 shares

• 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

1. Number of issued shares (common stock)

• 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

The forward-looking statements disclosed herein are based on the information available at the time of preparation of this document and the assumption considered as reasonable.

Consequently, actual results differ materially from forecasts above due to changes in business results.

(Reference) Estimate of individual performance

1.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			Operating profit		Ordinary profit		Profit			Profit per share
				Mil. yen	%		Mil. yen	%		Mil. Yen	%		Mil. yen	%		Yen Sen
	Total period		170,000		5.5		8,500		10.3		8,700		5.9		6,000		2.3		280.46
(Reference)	Estimated net sales of construction contract orders	182,000 Million yen
(Note)	Presence of revision from estimate of performance published most recently: None

DAI-DAN Co., Ltd. (1980), Brief Report on the First 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)
(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
2. Supplementary Information .....................................................................................................................................	7
Divisional net sales of construction contract orders received, completed construction contracts, and
uncompleted construction contracts (consolidated) ................................................................................................	7

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DAI-DAN Co., Ltd. (1980), Brief Report on the First 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	Current First Quarter
				Consolidated Accounting
				Accounting Year
				Period
				(As of March 31, 2022)
				(As of June 30, 2022)
	Assets
	Current assets
	Cash and deposits	16,065	13,409
	Notes receivable, accounts receivable from			68,903	54,391
	completed construction contracts and other
	Electronically recorded monetary claims - operating	15,002	17,213
	Costs on construction contracts in progress	464	1,103
	Other	4,416	5,508
	Allowance for doubtful accounts	(6)	(6)
	Total current assets	104,846	91,618
	Non-current assets
	Property, plant and equipment	5,893	6,567
	Intangible assets	409	410
	Investments and other assets
	Investment securities	15,837	15,722
	Retirement benefit asset	10,628	10,643
	Other	1,622	1,602
	Allowance for doubtful accounts	(138)	(136)
	Total investments and other assets	27,949	27,831
	Total non-current assets	34,253	34,808
	Total assets		139,099	126,427

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