Dai Dan : Business result of 2023 2nd Quarter(from 1st April 2022 to 30th September 2022)(English)(420.58KB)

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 Second Quarter Financial Statements for the Period Ending March 2023

[Japanese Standard] (Consolidated)

	November 8, 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:	November 8, 2022
Date scheduled for dividend payment commencement:	December 1, 2022
Creating supplements to the financial statement:	Yes
Holding a briefing session on the financial statement:	Yes (for instituted investors and analysts)

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

1. Consolidated business results for the Second quarter of the period ending March 2023 (From April 1, 2022 to September 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

%

Second quarter of the

82,690

25.7

3,650

31.8

4,330

42.3

3,045

46.6

period ending March 2023

Second quarter of the

65,780

(9.6)

2,768

(45.4)

3,044

(43.3)

2,077

(43.2)

period ending March 2022

(Note)

Comprehensive income Second quarter of the period ending March 2023

2,746 Million yen 45.2%

Second quarter of the period ending March 2022

1,891 Million yen (56.9%)

Profit per share

Diluted Profit per share

Yen

Sen

Yen Sen

Second quarter of the

142.29

―

period ending March 2023

Second quarter of the

97.14

―

period ending March 2022

(2) Consolidated financial position

Total assets

Net assets

Equity capital ratio

Million yen

Million yen

%

Second quarter of the

137,220

79,055

57.5

period ending March 2023

Period ending March 2022

139,099

77,242

55.4

(Reference)

Equity capital

Second quarter of the period

ending March 2023

78,890 Million yen

Period ending March 2022

77,081 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 2022

―

45.00

―

45.00

90.00

Period ending March 2023

―

45.00

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		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	180,000		10.5	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: Yes

• 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	Second quarter of	22,981,901	shares	Period ending	22,981,901 shares
the period ending
period (including treasury shares)	March 2023			March 2022
 Number of treasury shares at the end of	Second quarter of			Period ending
the period ending	1,571,867	shares	1,588,839 shares
period	March 2022
	March 2023
 Average number of shares in the period	Second quarter of			Second quarter of
the period ending	21,401,029	shares	the period ending	21,383,289 shares
(quarter total)
March 2023			March 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, 90,207 shares for the second quarter of the period ending March 2023). In addition, the Company's shares held in the BIP Trust for Directors (117,469 shares for the second quarter of the period ending March 2022, 99,282 shares for the second 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.

• 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 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	175,000		8.6	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: Yes

DAI-DAN Co., Ltd. (1980), Brief Report on the Second 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)
	(Second Quarter Consolidated Cumulative Period).........................................................................................	4
(Consolidated Statements of Comprehensive Income)
	(Second Quarter Consolidated Cumulative Period).........................................................................................	5
(3)	Consolidated Statements of Cash Flows ............................................................................................................	6
(4) Annotation Items Concerning Quarterly Consolidated Financial Statements....................................................	8
	(Notes to Going Concern Assumption)............................................................................................................	8
	(Notes in Case of Significant Changes in the Amount of Shareholders' Equity) ............................................	8
2. Supplementary Information .....................................................................................................................................	9
Divisional net sales of construction contract orders received, completed construction contracts, and
uncompleted construction contracts (consolidated) ................................................................................................	9

1

DAI-DAN Co., Ltd. (1980), Brief Report on the Second 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 Second Quarter
					Consolidated Accounting
				Accounting Year
					Period
				(As of March 31, 2022)
					(As of September 30, 2022)
	Assets
	Current assets
	Cash and deposits	16,065	22,686
	Notes receivable, accounts receivable from	68,903	62,309
	completed construction contracts and other
	Electronically recorded monetary claims - operating	15,002	13,104
	Costs on construction contracts in progress	464	1,597
	Other			4,416		2,960
	Allowance for doubtful accounts	(6)	(6)
	Total current assets			104,846		102,652
	Non-current assets
	Property, plant and equipment	5,893	6,518
	Intangible assets	409	585
	Investments and other assets
	Investment securities	15,837	15,345
	Retirement benefit asset			10,628		10,657
	Other	1,622	1,596
	Allowance for doubtful accounts		(138)	(135)
	Total investments and other assets		27,949	27,463
	Total non-current assets		34,253	34,568
	Total assets		139,099	137,220

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