Slides
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February 6, 2026 Financial Results Material for the Third Quarter of the Period Ending March 2026
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Contents Consolidated Performance Summary Third Quarter Financial Closing Highlights Full-Year Earnings Forecast Reference: DATA FILE
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Third Quarter Financial Results for the Period Ending March 2026 Consolidated Performance Summary
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© 2026 DAI-DAN CO., Ltd. Consolidated Performance Summary Business environment and the Company’s performance summary Overview of consolidated management indicators, etc. (operating results) 4 Third quarter of period ended March 2025 Third quarter of period ending March 2026 Increase (Decrease) Change rate Net sales of uncompleted construction contracts at beginning of period 239,861 258,400 18,539 7.7% Net sales of construction contract orders received 205,770 244,959 39,188 19.0% Net sales of completed construction contracts 185,850 180,189 (5,660) -3.0% Gross profit on completed construction contracts 29,074 41,671 12,596 43.3% Gross profit margin of completed construction contracts (%) 15.6% 23.1% 7.5p – Operating profit 16,400 26,525 10,125 61.7% Operating profit margin (%) 8.8% 14.7% 5.9p – Ordinary profit 16,977 27,553 10,576 62.3% Ordinary profit margin (%) 9.1% 15.3% 6.2p – Net profit attributable to owners of parent 12,088 19,176 7,088 58.6% Net profit margin (%) 6.5% 10.6% 4.1p – Net sales of construction contract orders received reached a record high due to orders received for large-scale construction projects overseas. Net sales of completed construction contracts showed a reactionary decline from the previous period, when large-scale construction projects were underway. Gross profit on completed construction contracts increased as profitability improved, supported by greater customer understanding of appropriate price pass-through. As a result of the above, we posted higher profits in all profit categories. (Millions of yen)
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© 2026 DAI-DAN CO., Ltd. Consolidated Performance Summary 5 Breakdown of increase/decrease in consolidated operating profit The decrease in net sales of completed construction contracts and the increase in gross profit margin of completed construction contracts are due to reasons stated on the previous page. SG&A expenses increased due mainly to “an increase in employee salaries accompanying base salary increases” and “DX investments, including investment in raising efficiency in field operation and office work.” 16,400 (886) 13,483 (2,472) 26,525 Results of third quarter of period ended March 2025 Decrease in net sales of completed construction contracts Increase in gross profit margin of completed construction contracts Increase in SG&A expenses Results of third quarter of period ending March 2026 (Millions of yen) Increase Decrease
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© 2026 DAI-DAN CO., Ltd. 6 Consolidated Performance Summary Trends in consolidated net sales by construction type (Millions of yen) Third quarter of period ended March 2025 Third quarter of period ending March 2026 Increase (Decrease) Change rate Orders received Air conditioning and plumbing installations 173,328 178,199 4,870 2.8% Electrical installations 32,442 66,760 34,317 105.8% Total 205,770 244,959 39,188 19.0% Net sales (completed) Air conditioning and plumbing installations 162,051 146,206 (15,844) -9.8% Electrical installations 23,798 33,982 10,184 42.8% Total 185,850 180,189 (5,660) -3.0% Net sales (uncompleted) Air conditioning and plumbing installations 223,456 255,428 31,972 14.3% Electrical installations 36,325 67,741 31,416 86.5% Total 259,781 323,170 63,388 24.4% Air conditioning and plumbing installations Orders received remained solid, mainly supported by large-scale construction orders for public facilities and redevelopment projects. Net sales (completed) decreased as a reaction to large-scale construction projects that progressed in the previous period. Electrical installations Orders received doubled mainly due to orders for large-scale medical facility projects overseas. Net sales (completed) increased with steady progress on unfinished construction projects. Both air conditioning and plumbing installations and electrical installations posted an increase in the amount of net sales (uncompleted) with a higher volume of orders received than net sales (completed), maintaining a high level.
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© 2026 DAI-DAN CO., Ltd. 7 Consolidated Performance Summary Overview of consolidated management indicators, etc. (cash flows) Overview of consolidated management indicators, etc. (financial position) (Millions of yen) (Millions of yen) Third quarter of period ended March 2025 Third quarter of period ending March 2026 Increase (Decrease) Change rate Major factors behind increase/decrease and annotation items Cash flows from operating activities (12,963) 46,527 59,490 – Smooth progress in the collection of accounts receivable Cash flows from investing activities 517 (1,885) (2,403) – Investment in the regenerative medicine business Cash flows from financing activities 15,963 (28,571) (44,534) – Repayment of borrowings to secure working capital Cash and cash equivalents at beginning of period 22,665 50,552 27,886 123.0% Increase/decrease in cash and cash equivalents 3,738 16,365 12,626 – Cash and cash equivalents at end of period 26,404 67,231 40,826 154.6% Period ended March 2025 Third quarter of period ending March 2026 Increase (Decrease) Change rate Major factors behind increase/decrease and annotation items Net assets 109,206 121,814 12,607 11.5% Retained earnings increased. Total assets 215,309 203,862 (11,446) -5.3% Repayment of borrowings and decrease in accounts payable Book value per share (BPS) 831.82 yen 923.91 yen 92.10 11.1% PBR improved as stock price rose. (Reference) Closing stock price as of Mar. 31, 2025: 1,236 yen (Reference) Closing stock price as of Dec. 30, 2025: 2,476 yen Price book-value ratio (PBR) 1.49 times 2.68 times – – Equity capital ratio 49.7% 58.6% 8.9p – Due to the decrease in liabilities as stated above * The Company executed a 3-for-1 stock split of its common stock as of January 1, 2026. Book value per share (BPS) is calculated on the assumption that the stock split was executed at the beginning of the previous consolidated fiscal year. * *
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© 2026 DAI-DAN CO., Ltd. 8 Consolidated Performance Summary Breakdown of cash flows (Trends in period-end balance of cash and cash equivalents) Period-end cash and cash equivalents 67,231 We have announced our Partnership Building Declaration, aimed at coexistence and co-prosperity with our business partners, and have decided to settle payments in cash for all our business partners (effective for payment on January 20, 2026 and beyond) as part of efforts to further strengthen our relationships. We will continue to promote various initiatives to fulfill our social responsibilities throughout the supply chain. Respective factors contributing to increases and decreases in cash flow in connection to the above are as follows: Operating CF (smooth progress in the collection of accounts receivable), Investing CF (investment in the regenerative medicine business), and Financing CF (repayment of borrowings to secure working capital in response to the increase in operating CF). Period-end cash and cash equivalents 50,552 46,527 Operating CF (1,885) Investing CF 608 Translation differences (28,571) Financing CF Period ended March 2025 Third quarter of period ending March 2026 (Millions of yen) Increase Decrease
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Third Quarter Financial Closing Highlights Third Quarter Financial Results for the Period Ending March 2026
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© 2026 DAI-DAN CO., Ltd. 49,909 66,609 123,405 104,662 73,742 8,658 9,587 9,014 11,246 11,644 0% 20% 40% 60% 0 30,000 60,000 90,000 120,000 150,000 3Q of period ended March 2022 3Q of period ended March 2023 3Q of period ended March 2024 3Q of period ended March 2025 3Q of period ending March 2026 Trends in industrial facility orders received Industrial facilities Of which, small-scale work Industrial facilities’ share of total orders Period ended March 2025 Period ending March 2026 Year-on-year change First to third quarters Fourth quarter Full year First to third quarters Increase (Decrease) Change rate Total industrial facilities 115,907 46,894 162,802 85,385 (30,521) -26.3% (Share of total orders: %) 56.3% 62.1% 57.9% 34.9% - 21.5p – Total orders received 205,770 75,501 281,271 244,959 39,188 19.0% 10 Status of construction orders received Industrial facilities * Factories, labs, data centers, and logistics facilities are classified as “industrial facilities.” (Millions of yen) (Millions of yen) The postponement and cancellation of large-scale industrial facility projects led to a decrease in both the amount and percentage of orders received compared to the previous period.
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© 2026 DAI-DAN CO., Ltd. 10,196 13,306 11,322 25,594 48,001 45 1,714 1,798 1,785 1,276 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 0 10,000 20,000 30,000 40,000 50,000 3Q of period ended March 2022 3Q of period ended March 2023 3Q of period ended March 2024 3Q of period ended March 2025 3Q of period ending March 2026 Trends in overseas construction orders received (Consolidated) Period ended March 2025 Period ending March 2026 Year-on-year change First to third quarters Fourth quarter Full year First to third quarters Increase (Decrease) Change rate Total overseas orders received (Consolidated) 27,379 12,491 39,870 49,277 21,898 80.0% (Share of total orders: %) 13.3% 16.5% 14.2% 20.1% 6.8p – Total orders received 205,770 75,501 281,271 244,959 39,188 19.0% Status of construction orders received Singapore (Branch, DAI-DAN INTERNATIONAL ASIA PTE. LTD., and Presico Engineering Pte. Ltd.), Thailand (DAI-DAN (THAILAND) CO., LTD.), Vietnam (DAI-DAN (VIETNAM) CO., LTD.), and Taiwan (DAI-DAN Taiwan Co., Ltd.) are the bases of our overseas operations. Overseas operations (Millions of yen) Singapore saw a significant overall increase due to orders received for large-scale projects such as research facilities and medical facilities, along with the inclusion of Presico as our consolidated subsidiary. As a result of the above, orders received increased by 21,898 million yen from the previous period to 49,277 million yen. 11 (Millions of yen) SINGAPORE (BRANCH, DAI-DAN INTERNATIONAL ASIA & Presico) DAI-DAN (THAILAND) Overseas share of total orders
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© 2026 DAI-DAN CO., Ltd. 12 Status of construction orders received (Millions of yen) Renovations and direct orders Renovations maintained a high level for both mid-to-large and small-scale work. New construction orders increased due mainly to orders for large-scale medical facilities overseas. Direct orders posted growth driven by projects received, such as large-scale overseas construction, industrial facility construction, and public works, resulting in a direct order ratio of 53.5%. Period ended March 2025 Period ending March 2026 Year-on-year change First to third quarters Fourth quarter Full year First to third quarters Increase (Decrease) Change rate Renovations 80,851 30,149 111,000 102,273 21,422 26.5% Ratio of renovations (%) 39.3% 39.9% 39.5% 41.8% 2.5p – Mid-to-large renovations 36,974 14,790 51,765 49,283 12,309 33.3% Small-scale renovations 43,876 15,358 59,235 52,990 9,113 20.8% New construction 124,919 45,351 170,270 142,686 17,766 14.2% Total orders received 205,770 75,501 281,271 244,959 39,188 19.0% Of which, direct orders 105,286 34,691 139,977 130,931 25,645 24.4% Ratio of direct orders (%) 51.2% 45.9% 49.8% 53.5% 2.3p –
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© 2026 DAI-DAN CO., Ltd. 108,257 130,088 139,504 185,850 180,189 0 50,000 100,000 150,000 200,000 3Q of period ended March 2022 3Q of period ended March 2023 3Q of period ended March 2024 3Q of period ended March 2025 3Q of period ending March 2026 Consolidated net sales of completed construction contracts 13 Despite a slight year-on-year decrease, net sales of completed construction contracts are proceeding as planned. Status of completed construction contracts (Millions of yen) (Millions of yen) * The figures in the table include a certain amount of overlap, as calculation is done by construction type: industrial facilities, overseas operations, and renovations. Third quarter of period ended March 2025 Third quarter of period ending March 2026 Year-on-year change Monetary amount Composition ratio Monetary amount Composition ratio Monetary amount Change rate Total net sales of completed construction contracts 185,850 – 180,189 – (5,660) -3.0% (Industrial facilities) 97,068 52.2% 97,647 54.2% 579 0.6% (Overseas operations) 10,382 5.6% 21,318 11.8% 10,935 105.3% (Renovations) 56,005 30.1% 70,538 39.1% 14,532 25.9%
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© 2026 DAI-DAN CO., Ltd. 184,904 199,276 259,102 259,781 323,170 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 3Q of period ended March 2022 3Q of period ended March 2023 3Q of period ended March 2024 3Q of period ended March 2025 3Q of period ending March 2026 Net sales of uncompleted construction contracts at end of period Third quarter of period ended March 2025 Third quarter of period ending March 2026 Year-on-year change Monetary amount Composition ratio Monetary amount Composition ratio Monetary amount Change rate Net sales of uncompleted construction contracts at beginning of period 239,861 – 258,400 – 18,539 7.7% Net sales of construction contract orders received 205,770 – 244,959 – 39,188 19.0% Net sales of completed construction contracts 185,850 – 180,189 – (5,660) -3.0% Net sales of uncompleted construction contracts at end of period 259,781 – 323,170 – 63,388 24.4% (Industrial facilities) 138,332 53.2% 132,314 40.9% (6,018) -4.4% (Overseas operations) 31,397 12.1% 62,651 19.4% 31,254 99.5% (Renovations) 63,375 24.4% 95,104 29.4% 31,729 50.1% 14 Along with the increase in net sales of uncompleted construction contracts at the beginning of period, orders received exceeded net sales of completed construction contracts. Consequently, net sales of uncompleted construction contracts at the end of period reached an all-time high. Net sales of uncompleted construction contracts at the end of period are expected to remain at a high level, primarily due to overseas operations and renovations. Status of uncompleted construction contracts (Millions of yen) (Millions of yen) * The figures in the table include a certain amount of overlap, as calculation is done by construction type: industrial facilities, overseas operations, and renovations.
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© 2026 DAI-DAN CO., Ltd. 15 Quarterly operating results (Millions of yen) Period ended March 2025 Period ending March 2026 Increase (Decrease) Change rate Net sales of construction contract orders received April–June 74,864 66,492 (8,372) -11.2% July–September 63,001 116,378 53,376 84.7% October–December 67,903 62,089 (5,814) -8.6% April–December 205,770 244,959 39,188 19.0% Net sales of completed construction contracts April–June 44,325 60,147 15,822 35.7% July–September 61,266 58,212 (3,054) -5.0% October–December 80,258 61,829 (18,428) -23.0% April–December 185,850 180,189 (5,660) -3.0% Operating profit April–June 1,725 9,703 7,978 462.5% July–September 5,058 7,880 2,822 55.8% October–December 9,617 8,941 (675) -7.0% April–December 16,400 26,525 10,125 61.7%
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Full-Year Earnings Forecast for the Period Ending March 2026 Third Quarter Financial Results for the Period Ending March 2026
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© 2026 DAI-DAN CO., Ltd. 17 Revision of the consolidated earnings forecast (differences from the previous forecast) Full-year earnings forecast Consolidated full-year earnings forecast Period ended March 2025 Period ending March 2026 Year-on-year change, full year First to third quarters Fourth quarter Full year Full year (Previous forecast) First to third quarters Fourth quarter (Forecast) Full year (Current forecast) Increase (Decrease) Change rate Net sales of uncompleted construction contracts at beginning of period – – 239,861 258,400 – – 258,400 18,539 7.7% Net sales of construction contract orders received 205,770 75,501 281,271 320,000 244,959 75,041 320,000 38,729 13.8% Net sales of uncompleted construction contracts at the end of period 259,781 238,480 258,400 318,400 323,170 253,630 318,400 60,000 23.2% Net sales of completed construction contracts 185,850 76,882 262,732 260,000 180,189 79,811 260,000 (2,732) -1.0% Gross profit on completed construction contracts 29,074 12,275 41,349 51,000 41,671 13,329 55,000 13,651 33.0% Gross profit margin of completed construction contracts (%) 15.6% 16.0% 15.7% 19.6% 23.1% 16.7% 21.2% 5.4p – Operating profit 16,400 6,637 23,037 28,000 26,525 5,475 32,000 8,963 38.9% Operating profit margin (%) 8.8% 8.6% 8.8% 10.8% 14.7% 6.9% 12.3% 3.5p – Ordinary profit 16,977 6,502 23,479 28,300 27,553 4,747 32,300 8,821 37.6% Ordinary profit margin (%) 9.1% 8.5% 8.9% 10.9% 15.3% 5.9% 12.4% 3.5p – Net profit attributable to owners of parent 12,088 5,355 17,443 20,500 19,176 3,924 23,100 5,657 32.4% Net profit margin (%) 6.5% 7.0% 6.6% 7.9% 10.6% 4.9% 8.9% 2.2p – Return on equity (ROE) – – 17.4% 18.3% – – 20.4% 3.0p – [Reference] Progress compared to full- year forecast (Third quarter/ Current forecast – 76.5% – 69.3% 75.8% – 82.9% – 85.3% – 83.0% – – Operating profit is expected to increase by 4,000 million yen to 32,000 million yen, mainly because profits from unfinished construction work are likely to exceed our latest forecast. Ordinary profit and net profit attributable to owners of parent are expected to exceed the most recently announced figures, due to factors such as operating profit exceeding forecasts. Net sales of construction contract orders received and net sales of completed construction contracts remain unchanged from our most recent announcement. • For details, see “Notice Concerning Revision to Earnings Forecast and Dividend Forecast (Dividend Increase) for the Fiscal Year Ending March 31, 2026” announced on February 6, 2026. (Millions of yen)
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© 2026 DAI-DAN CO., Ltd. Full-year dividend Total dividend (Total sum) Dividend ratio (Consolidated) Dividend on equity ratio (Consolidated)End of second quarter End of period Total Yen Sen Yen Sen Yen Sen Million yen % % Period ended March 2025 52.00 111.00 163.00 7,032 40.1% 7.0% Period ending March 2026 (Forecast) (Pre-split adjustment) 82.00 45.00 (135.00) – (217.00) 9,417 40.5％ 8.3％ 18 Shareholder return In addition to striving to build a sound financial structure, we are committed to returning profits to shareholders, which is our most important management policy. As stated in the Notice Concerning Revision of the Performance Targets and Financial Strategy Indicators of the Mid- Term Management Plan “Refining Stage” announced on May 9, 2025, our dividend policy is to maintain a “Dividend payout ratio of 40% or higher and a minimum DOE of 4.8%” effective from the period ending March 31, 2026. Based on the above policy, and given that the performance outlook for the period ending March 31, 2026 exceeds the forecast value at the time of the most recent dividend forecast announcement, the year-end dividend per share will be raised by 8 yen from the earlier forecast of 37 yen per common share to 45 yen (or 135 yen before the split). Consequently, the annual dividend amounts to 217 yen per share on a pre-split basis. Shareholder return policy Dividend status
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Reference: DATA FILE (Full Year)
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© 2026 DAI-DAN CO., Ltd. 27,236 27,254 28,741 39,236 44,814 149,289 156,414 177,596 213,897 236,457 0 50,000 100,000 150,000 200,000 250,000 300,000 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Consolidated net sales of construction orders received (by construction type) Air conditioning and plumbing installations Electrical installations 20 (Millions of yen) (Millions of yen) Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Air conditioning and plumbing installations 149,289 156,414 177,596 213,897 236,457 Electrical installations 27,236 27,254 28,741 39,236 44,814 Total 176,526 183,668 206,337 253,134 281,271 Consolidated net sales of construction orders received by construction type (Full year)
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© 2026 DAI-DAN CO., Ltd. 77,754 89,224 83,691 83,997 111,000 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 0 50,000 100,000 150,000 200,000 250,000 300,000 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Trends in consolidated orders received (Orders received / Renovations [Orders received / Percentage]) Of which, renovations Orders received Percentage of renovations 21 (Millions of yen) (Millions of yen) Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Net sales of construction contract orders received 176,526 183,668 206,337 253,134 281,271 Renovations 77,754 89,224 83,691 83,997 111,000 Percentage of renovations 44.0% 48.6% 40.6% 33.2% 39.5% Trends in consolidated orders received (Orders received / Renovations) (Full year)
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© 2026 DAI-DAN CO., Ltd. 5.5% 6.2% 9.9% 6.9% 14.2% 37.0% 35.8% 37.6% 34.6% 34.1% 57.4% 58.0% 52.6% 58.5% 51.7% 0% 20% 40% 60% 80% 100% Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Percentage of orders received by division East Japan Division West Japan Division International Division & HQ 22 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 East Japan Division 57.4% 58.0% 52.6% 58.5% 51.7% West Japan Division 37.0% 35.8% 37.6% 34.6% 34.1% International Division & HQ 5.5% 6.2% 9.9% 6.9% 14.2% Percentage of consolidated orders received by division (Full year)
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© 2026 DAI-DAN CO., Ltd. 24,865 25,676 32,879 30,880 37,532 132,846 137,253 153,082 166,550 225,200 0 50,000 100,000 150,000 200,000 250,000 300,000 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Consolidated net sales of completed construction contracts (by construction type) Air conditioning and plumbing installations Electrical installations 23 (Millions of yen) (Millions of yen) Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Air conditioning and plumbing installations 132,846 137,253 153,082 166,550 225,200 Electrical installations 24,865 25,676 32,879 30,880 37,532 Total 157,712 162,929 185,961 197,431 262,732 Consolidated net sales of completed construction contracts by construction type (Full year)
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© 2026 DAI-DAN CO., Ltd. 4.1% 6.4% 9.3% 9.6% 7.5% 37.7% 38.8% 34.8% 36.6% 36.3% 58.3% 54.8% 56.0% 53.7% 56.2% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Percentage of net sales of completed construction contracts by division East Japan Division West Japan Division International Division & HQ 24 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 East Japan Division 58.3% 54.8% 56.0% 53.7% 56.2% West Japan Division 37.7% 38.8% 34.8% 36.6% 36.3% International Division & HQ 4.1% 6.4% 9.3% 9.6% 7.5% Percentage of consolidated net sales of completed construction contracts by division (Full year)
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© 2026 DAI-DAN CO., Ltd. 0 5,000 10,000 15,000 20,000 25,000 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Period ending March 2026 (Forecast) Net profit 0 10,000 20,000 30,000 40,000 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Period ending March 2026 (Forecast) Ordinary profit 0 10,000 20,000 30,000 40,000 Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Period ending March 2026 (Forecast) Operating profit 25 (Millions of yen) (Millions of yen) (Millions of yen) (Millions of yen) Period ended March 2021 Period ended March 2022 Period ended March 2023 Period ended March 2024 Period ended March 2025 Period ending March 2026 (Forecast) Operating profit 8,754 7,584 8,428 10,877 23,037 32,000 Ordinary profit 9,262 8,095 9,288 11,918 23,479 32,300 Net profit 6,318 5,778 6,626 9,087 17,443 23,100 Consolidated operating/ordinary/net profits (Full year)
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© 2026 DAI-DAN CO., Ltd. IR-related inquiries: Corporate Communications Dept., President’s Office Tel: +81-3-5276-4568 Email: ir@daidan.co.jp 2-15-10 Fujimi, Chiyoda-ku, Tokyo 102-8175 26 Disclaimer The forecast concerning future business results, including future plans and strategies, disclosed by the Company is based on assumptions deemed reasonable at the time of announcement. Therefore, actual business results may differ from the forecast due to various factors.