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
- Changes in key subsidiaries in the period (changes in specific subsidiaries requiring changes of consolidation scope): None
- Application of particular accounting to the preparation of quarter consolidated financial statements: None
- 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
- 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 |
1
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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Dai-Dan Co. Ltd. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 06:36:07 UTC.