Dai Dan : Business result of 2023(from 1st April 2022 to 31st March 2023)(English)(485.26KB)

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 Financial Statements for the Period Ending March 2023

[Japanese Standard] (Consolidated)

									May 11, 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 ordinary shareholders general meeting convention: June 29, 2023
Date scheduled to dividend payment commencement:			June 30, 2023
Date scheduled to submit annual securities report:			June 29, 2023
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 period ending March 2023 (From April 1, 2022 to March 31, 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	%
	Period ending March 2023	185,961	14.1		8,428	11.1	9,288	14.7	6,626	14.7
	Period ending March 2022	162,929	3.3		7,584	(13.4)	8,095	(12.6)	5,778	(8.6)

	(Note)	Comprehensive income Period ending March 2023	7,083 Million yen 64.7%
			Period ending March 2022	4,299 Million yen (58.5%)
							Equity capital	Total asset vs.	Net sales vs.
			Profit per share		Diluted Profit per share	Ordinary profit	Operating
				vs. profit ratio
							ratio	profit ratio
			Yen Sen			Yen Sen	%		%	%
	Period ending March 2023	309.56			―	8.3		6.5	4.5
	Period ending March 2022	270.16			―	7.6		6.0	4.7
(2) Consolidated financial position
			Total assets			Net assets	Equity capital ratio	Net assets per share
			Million yen			Million yen		%		Yen Sen
	Period ending March 2023	148,544			82,424		55.4		3,841.33
	Period ending March 2022	139,099			77,242		55.4		3,603.11
	(Reference)	Equity capital	Period ending March 2023		82,242 Million yen
			Period ending March 2022	77,081 Million yen
(3) Consolidated cash flows
			Cash flows from			Cash flows from	Cash flows from	Cash and cash equivalents
			operating activities		investing activities	financing activities	at end of period
			Million yen			Million yen	Million yen		Million yen
	Period ending March 2023	15,941			(4,729)		2,218)		25,348
	Period ending March 2022	(11,718)			(873)		(3,214)		16,037

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	―		55.00	100.00
Period ending March 2024	―	55.00	―		55.00	110.00
(Forecast)
(Note) 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

• Annotations
• 1. Changes in key subsidiaries in the period (changes in specific subsidiaries requiring changes of consolidation scope): None
  2. 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	Period ending	22,981,901	shares	Period ending	22,981,901	shares
period (including treasury shares)	March 2023	March 2022
 Number of treasury shares at the end of	Period ending	1,572,067	shares	Period ending	1,588,839	shares
period	March 2023	March 2022
 Average number of shares in the period	Period ending	21,405,477	shares	Period ending	21,388,229	shares
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 period ending March 2023). In addition, the Company's shares held in the BIP Trust for Directors (112,386 shares for the period ending March 2022, 94,744 shares for 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.

(Reference) Estimate of individual performance

1. Individual business results for the period ending March 2023 (From April 1, 2022 to March 31, 2023)

(1) Individual management performance			(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		%
	Period ending March 2023	179,619		11.5		8,542		10.8	9,423	14.7	6,775		15.5
	Period ending March 2022	161,126		3.2		7,708		(10.8)	8,216	(10.2)	5,863		(6.1)
		Profit per share			Diluted Profit per share
			Yen	Sen				Yen Sen
	Period ending March 2023	316,51				―
	Period ending March 2022	274,15				―
(2) Individual financial position
		Total assets			Net assets	Equity capital ratio	Net assets per share
			Million yen			Million yen		%		Yen	Sen
	Period ending March 2023	144,312				80,689		55.9	3,768.82
	Period ending March 2022	136,750				75,779		55.4	3,542.23
	(Reference) Equity capital	Period ending March 2023		80,689 Million yen
		Period ending March 2022	75,779 Million yen

2.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

• Brief report on 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 financial results)
  Supplementary explanatory materials for financial results will be available on the Company's website.

DAI-DAN Co., Ltd. (1980), Brief Report on the 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)	4
(Consolidated Statements of Comprehensive Income)	5
(3) Consolidated Statements of Changes in Equity	6
(4) Consolidated Statements of Cash Flows	8
(5) Annotation Items Concerning Consolidated Financial Statements	10
	(Notes to Going Concern Assumption)	10
2. Individual Financial Statements and Major Notes	11
(1)	Balance Sheets	11
(2)	Statements of Income	14
(3)	Statements of Changes in Equity	15
3. Supplementary Information	17
Divisional net sales of construction contract orders received, completed construction contracts, and
uncompleted construction contracts	17

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DAI-DAN Co., Ltd. (1980), Brief Report on the 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 Consolidated
				Accounting Year		Accounting Year
				(As of March 31, 2022)		(As of March 31, 2023)
	Assets
	Current assets
	Cash and deposits	16,065	25,379
	Notes receivable, accounts receivable from	68,903	69,625
	completed construction contracts and other
	Electronically recorded monetary claims - operating	15,002	9,487
	Costs on construction contracts in progress			464		671
	Other	4,416	3,092
	Allowance for doubtful accounts	(6)	(136)
	Total current assets			104,846		108,120
	Non-current assets
	Property, plant and equipment
	Buildings and structures	8,020	9,274
	Accumulated depreciation		(3,739)	(4,049)
	Buildings and structures, net		4,281	5,225
	Machinery, equipment and vehicles	158	708
	Accumulated depreciation	(128)	(133)
	Machinery, equipment and vehicles, net			29		574
	Tools, furniture and fixtures	893	953
	Accumulated depreciation			(694)		(714)
	Tools, furniture and fixtures, net		198	238
	Land	1,280	1,280
	Construction in progress		104	197
	Total property, plant and equipment		5,893	7,516
	Intangible assets	409	1,178
	Investments and other assets
	Investment securities	15,837	18,790
	Retirement benefit asset	10,628	11,459
	Other	1,622	1,611
	Allowance for doubtful accounts		(138)	(133)
	Total investments and other assets		27,949	31,728
	Total non-current assets		34,253	40,424
	Total assets		139,099	148,544

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