Business Result of 2022 2nd 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 Second Quarter Financial Statements for the Period Ending March 2022

[Japanese Standard] (Consolidated)

	November 9, 2021
Name of listed company: DAI-DAN Co., Ltd.	Stock Exchange Listing:
Code No.: 1980 URL: https://www.daidan.co.jp/	Tokyo Stock Exchange 1st section
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 9, 2021
Date scheduled for dividend payment commencement:	December 1, 2021
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 2022 (From April 1, 2021 to September 30, 2021)

(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

65,780

(9.6)

2,768

(45.4)

3,044

(43.3)

2,077

(43.2)

period ending March 2022

Second quarter of the

72,734

(7.8)

5,070

23.9

5,366

26.8

3,654

26.1

period ending March 2021

(Note)

Comprehensive income Second quarter of the period ending March 2022

1,891 Million yen (56.9%)

Second quarter of the period ending March 2021

4,392 Million yen

57.6%

Profit per share

Diluted Profit per share

Yen

Sen

Yen Sen

Second quarter of the

97.14

―

period ending March 2022

Second quarter of the

168.61

―

period ending March 2021

(2) Consolidated financial position

Total assets

Net assets

Equity capital ratio

Million yen

Million yen

%

Second quarter of the

126,308

75,801

59.9

period ending March 2022

Period ending March 2021

132,210

74,837

56.4

(Reference)

Equity capital

Second quarter of the period

ending March 2022

75,627 Million yen

Period ending March 2021

74,632 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 2021

―

45.00

―

45.00

90.00

Period ending March 2022

―

45.00

Period ending March 2022

―

45.00

90.00

(Forecast)

(Note)

Presence of revision from dividend forecast published most recently: None

3. Estimate of consolidated performance for the period ending March 2022 (From April 1, 2021 to March 31, 2022)

(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	168,000		6.5	7,500	(14.3)	7,700		(16.9)	5,200	(17.7)	243.29
	(Reference)	Estimated net sales of construction contract orders 183,000 Million	yen
(Note)	Presence of revision from estimate of performance published most recently: None

• Annotations
• 1. Changes in key subsidiaries in the current quarter consolidated cumulative 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.: Yes  Changes in accounting policies other than : None
• Changes in accounting estimates: None
• Restatement: None

(Note)Please refer to Changes in accounting policies on page 8.

(4) 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
period ending
period (including treasury shares)	March 2022			March 2021
 Number of treasury shares at the end of	Second quarter of			Period ending
period ending	1,588,568	shares	1,608,562 shares
period	March 2021
	March 2022
 Average number of shares in the period	Second quarter of			Second quarter
period ending	21,383,289	shares	of period ending	21,676,532 shares
(quarter total)
March 2022			March 2021

(Note) The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (127,543 shares for the period ending March 2021, 107,302 shares for the second quarter of period ending March 2022). In addition, the Company's shares held in the BIP Trust for Directors (138,973 shares for the second quarter of period ending March 2021, 117,469 shares for the second quarter of period ending March 2022) 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 2022 (From April 1, 2021 to March 31, 2022)

(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	165,000		5.6	7,500	(13.2)	7,700		(15.8)	5,200		(16.7)	243.29
	(Reference)	Estimated net sales of construction contract orders 180,000 Million yen
(Note)	Presence of revision from estimate of performance published most recently: None

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2022

 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
(Change in Accounting Policy)........................................................................................................................	8
2. Supplementary Information .....................................................................................................................................	9
Divisional net sales of construction contract orders received, completed construction contracts, and
uncompleted construction contracts (consolidated) ................................................................................................	9

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DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2022

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, 2021)
					(As of September 30, 2021)
	Assets
	Current assets
	Cash and deposits	31,775	28,572
	Notes receivable, accounts receivable from	53,163	50,139
	completed construction contracts
	Electronically recorded monetary claims - operating	10,050	7,251
	Costs on construction contracts in progress	374	1,201
	Other			1,560		3,218
	Allowance for doubtful accounts	(7)	(7)
	Total current assets			96,916		90,374
	Non-current assets
	Property, plant and equipment	5,190	5,972
	Intangible assets	342	273
	Investments and other assets
	Investment securities	17,998	17,857
	Retirement benefit asset			10,385		10,414
	Other	1,522	1,555
	Allowance for doubtful accounts		(145)	(139)
	Total investments and other assets		29,762	29,688
	Total non-current assets		35,294	35,934
	Total assets		132,210	126,308

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