Dai Dan : Consolidated Financial Statements for the First Quarter of the Period Ending March 2024(357.84KB)

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 First Quarter of the Period Ending March 2024

[Japanese Standard]

										August 4, 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:				August 4, 2023
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 2024 (From April 1, 2023 to June 30, 2023)
(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	40,731	15.2		691	(15.5)	1,141	(12.8)	755	(12.5)
period ending March 2024
First quarter of the	35,342	29.7		818	54.8	1,308	72.0	862	71.9
period ending March 2023
(Note)	Comprehensive income First quarter of the period ending March 2024	1,840 Million yen 143.6%
		First quarter of the period ending March 2023	755 Million yen 968.6%
		Profit per share		Diluted Profit per share
		Yen	Sen			Yen	Sen
First quarter of the	35.27				―
period ending March 2024
First quarter of the	40.31				―
period ending March 2023
(2) Consolidated financial position
		Total assets			Net assets		Equity capital ratio
		Million yen			Million yen		%
First quarter of the	136,803			83,093		60.6
period ending March 2024
Period ending March 2023	148,544			82,424		55.4
(Reference)	Equity capital	First quarter of the period ending March 2024	82,879 Million yen
		Period ending March 2023 82,242 Million yen
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 2023	―			45.00			―	55.00	100.00
Period ending March 2024	―
Period ending March 2024				55.00			―	30.00	―
(Forecast)

(Note) 1 Presence of revision from dividend forecast published most recently: Yes

At a meeting of the Board of Directors held today, the Company resolved to conduct a 2-for-1 stock split of shares of common stock, with an effective date of October 1, 2023.

Without considering the stock split, the Company plans to pay a year-end dividend of 60 yen per share for the fiscal year ending March 31, 2024, an increase of 5 yen from the 55 yen per share announced on May 11, 2023.

As a result, the annual dividend will be 115 yen per share.

The year-end dividend for the period ending March 31, 2024 (forecast) shown in the table above reflects the effect of this stock split, and the total annual dividend is shown as "―".

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 2024 (From April 1, 2023 to March 31, 2024)

					(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	200,000	7.5	8,500	0.8	8,900	(4.2)	6,500	(1.9)	303.60
(Reference)	Estimated net sales of construction contract orders 210,000 Million yen
(Note)	Presence of revision from estimate of performance published most recently: None

• 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)

	Number of issued shares at the end of	First quarter of			Period ending
the period ending	22,981,901	shares	22,981,901 shares
	period (including treasury shares)	March 2023
		March 2024
	Number of treasury shares at the end of	First quarter of			Period ending
the period ending	1,566,626	shares	1,572,067 shares
	period	March 2024			March 2023
	Average number of shares in the period	First quarter of			First quarter of
the period ending	21,410,769	shares	the period ending	21,393,963 shares
	(quarter total)
	March 2024			March 2023

(Note) The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (90,207 shares for the period ending March 2023, 84,626 shares for the first quarter of the period ending March 2024). In addition, the Company's shares held in the BIP Trust for Directors (106,390 shares for the first quarter of the period ending March 2023, 89,233 shares for the quarter of the first 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.

• 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 this document 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 2024 (From April 1, 2023 to March 31, 2024)

					(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	190,000	5.8	8,500	(0.5)	8,900	(5.6)	6,500	(4.1)	303.60
(Reference)	Estimated net sales of construction contract orders 200,000 Million yen
(Note)	Presence of revision from estimate of performance published most recently: None

DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First 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)
(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
(Significant Subsequent Event)	6
2. Supplementary Information	7
Divisional net sales of construction contract orders received, completed construction contracts, and
uncompleted construction contracts (consolidated)	8

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

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, 2023)
	(As of June 30, 2023)
Assets
Current assets
Cash and deposits	25,379	19,795
Notes receivable, accounts receivable from	69,625	57,338
completed construction contracts and other
Electronically recorded monetary claims - operating	9,487	13,161
Costs on construction contracts in progress	671	1,055
Other	3,092	3,247
Allowance for doubtful accounts	(136)	(153)
Total current assets	108,120	94,444
Non-current assets
Property, plant and equipment	7,516	7,778
Intangible assets	1,178	1,162
Investments and other assets
Investment securities	18,790	20,402
Retirement benefit asset	11,459	11,492
Other	1,611	1,656
Allowance for doubtful accounts	(133)	(133)
Total investments and other assets	31,728	33,417
Total non-current assets	40,424	42,358
Total assets	148,544	136,803

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