Interim report
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Recounting Standards For FASF MEMBERSHIP 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 2027 [ Japanese Standard ] Name of listed company : DAI - DAN Co. , Ltd. Code No .: 1980 URL : https://www.daidan.co.jp/ Representative of Company : Yasuhiro Yamanaka , Representative Director , President , and Corporate Officer August 5 , 2026 Stock Exchange Listing : Tokyo Stock Exchange Prime Market Inquiries to be addressed to : Yoji Sasaki , Director and Senior Corporate Officer , CIO and Head of General Administration Division Creating supplements to the financial statement : Holding a briefing session on the financial statement : Tel . + 81-6-6447-8003 Yes 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 2027 ( From April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated management performance ( Cumulative total ) ( Percentage indications show increase or decrease from the previous period . ) Net sales Million yen % Operating profit Million yen Ordinary profit % Million yen % Profit attributable to owners of parent Million yen % First quarter of the 61,601 2.4 10,932 12.7 11,292 12.2 6,571 ( 4.6 ) period ending March 2027 First quarter of the 60,147 35.7 9,703 462.5 period ending March 2026 ( Note ) Comprehensive income First quarter of the period ending March 2027 First quarter of the period ending March 2026 10,066 7,136 Million yen 14.3 % 6,246 Million yen 282.8 % 373.6 6,885 426.8 Profit per share Diluted Profit per Yen Sen share Yen Sen First quarter of the period ending March 2027 First quarter of the 50.79 period ending March 2026 53.51 ( Note ) The Company conducted a 3 - for - 1 stock split of shares of common stock , with an effective date of January 1 , 2026. “ Profit per share ” is calculated assuming that the stock split was executed at the beginning of the previous consolidated accounting year . ( 2 ) Consolidated financial position First quarter of the period ending March 2027 Total assets Net assets Equity capital ratio Million yen Million yen % 217,728 132,787 59.9 232,074 132,879 56.2 Period ending March 2026 ( Reference ) Equity capital First quarter of the period ending March 2027 130,317 Million yen Period ending March 2026 130,473 Million yen 2. Dividends End of first quarter Yen Sen Period ending March 2026 Period ending March 2027 Period ending March 2027 ( Forecast ) share Period end Annual dividends per End of second quarter End of third quarter Yen Sen Yen Sen 82.00 42.00 Yen Sen 56.00 43.00 Through year Yen Sen 85.00 ( Note ) Presence of revision from dividend forecast published most recently : None 2 The Company conducted a 3 - for - 1 stock split of shares of common stock , with an effective date of January 1 , 2026. Dividends at the end of the second quarter of the fiscal year ending March 31 , 2026 , are the actual dividend amount before the stock split . The period end dividend for the period ending March 31 , 2026 shown in the table above reflects the effect of the stock split , and the total annual dividend is shown as " " . If the stock split had been implemented at the beginning of the fiscal year ending March 31 2026 , interim dividend per share is 27.33 yen , the year - end dividend per share is 56.00 yen , and annual dividend per share is 83.33 yen .
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3. Estimate of consolidated performance for the period ending March 2027 (From April 1, 2026 to March 31, 2027) (Percentage indications show increase or decrease from the previous period.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Profit per share Mil. yen % Mil. yen % Mil. yen % Mil. yen % Yen Sen Total period 265,000 3.4 36,000 4.4 36,500 2.0 27,300 2.0 211.42 (Reference) Estimated net sales of construction contract orders 360,000 Million yen (Note) Presence of revision from estimate of performance published most recently: None * 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 (4) Number of issued shares (common stock) Number of issued shares at the end of period (including treasury shares) First quarter of the period ending March 2027 137,891,406 shares Period ending March 2026 137,891,406 shares Number of treasury shares at the end of period First quarter of the period ending March 2027 8,442,682 shares Period ending March 2026 8,513,344 shares Average number of shares in the period (quarter total) First quarter of the period ending March 2027 129,390,433 shares First quarter of the period ending March 2026 128,670,427 shares (Note) 1 The Company conducted a 3-for-1 stock split of shares of common stock, with an effective date of January 1, 2026. “Average numbers of shares in the period” is calculated assuming that the stock split was executed at the beginning of the previous consolidated accounting year. 2 The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (813,042 shares for the period ending March 2026, 739,980 shares for the first quarter of the period ending March 2027). In addition, the Company's shares held in the BIP Trust for Directors (966,189 shares for the first quarter of the period ending March 2026, 799,671 shares for the first quarter of the period ending March 2027) are also included in treasury shares, which is deducted in the calculation of the average number of shares outstanding during the period. * Review of the accompanying quarterly consolidated financial statements by CPA or an audit corporation : Yes (voluntary) * 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.
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(Reference) Estimate of individual performance Estimate of individual performance for the period ending March 2027 (From April 1, 2026 to March 31, 2027) (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 240,000 4.6 35,500 5.0 36,000 2.4 27,000 2.7 209.09 (Reference) Estimated net sales of construction contract orders 325,000 Million yen (Note) Presence of revision from estimate of performance published most recently: None
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DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2027 1 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 (Basis of Quarterly Consolidated Financial Statements) .................................................................................6 (Notes to Going Concern Assumption) ............................................................................................................6 (Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ............................................6 (Notes regarding the Quarterly Consolidated statement of Cash Flows) .........................................................6 2. Supplementary Information .....................................................................................................................................7 Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted construction contracts (consolidated) ................................................................................................7
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DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2027 2 1. Consolidated Financial Statements and Major Notes (1) Consolidated Balance Sheets (Millions of yen) Previous Consolidated Accounting Year (As of March 31, 2026) Current First Quarter Consolidated Accounting Period (As of June 30, 2026) Assets Current assets Cash and deposits 83,204 82,576 Notes receivable, accounts receivable from completed construction contracts and other 78,218 61,384 Electronically recorded monetary claims - operating 7,551 9,843 Costs on construction contracts in progress 1,003 1,949 Other 5,920 5,091 Allowance for doubtful accounts (288) (269) Total current assets 175,610 160,576 Non-current assets Property, plant and equipment 9,111 9,053 Intangible assets Goodwill 1,523 1,508 Customer-related intangible assets 2,361 2,289 Other 1,539 1,485 Total intangible assets 5,425 5,283 Investments and other assets Investment securities 16,636 17,450 Retirement benefit asset 22,347 22,403 Other 3,047 3,064 Allowance for doubtful accounts (105) (105) Total investments and other assets 41,926 42,814 Total non-current assets 56,463 57,151 Total assets 232,074 217,728
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DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2027 3 (Millions of yen) Previous Consolidated Accounting Year (As of March 31, 2026) Current first Quarter Consolidated Accounting Period (As of June 30, 2026) Liabilities Current liabilities Accounts payable for construction contracts 28,334 21,169 Short-term borrowings 2,801 2,781 Income taxes payable 8,196 2,419 Advances received on construction contracts in progress 10,646 18,790 Provision for bonuses － 3,523 Provision for bonuses for directors (and other officers) － 16 Provision for share awards 113 83 Provision for warranties for completed construction 164 219 Provision for loss on construction contracts 196 159 Asset retirement obligations － 457 Deposits received 16,529 21,773 Other 25,368 4,584 Total current liabilities 92,351 75,980 Non-current liabilities Long-term borrowings 720 562 Deferred tax liabilities 4,623 7,295 Retirement benefit liability 909 917 Long-term accounts payable - other 2 2 Asset retirement obligations 456 － Other 130 181 Total non-current liabilities 6,843 8,960 Total liabilities 99,195 84,940 Net assets Shareholders' equity Share capital 4,479 4,479 Capital surplus 5,959 5,959 Retained earnings 106,849 106,129 Treasury shares (3,251) (3,189) Total shareholders' equity 114,036 113,380 Accumulated other comprehensive income Valuation difference on available-for-sale securities 7,834 8,391 Foreign currency translation adjustment 1,005 1,158 Remeasurements of defined benefit plans 7,597 7,387 Total accumulated other comprehensive income 16,436 16,937 Non-controlling interests 2,405 2,470 Total net assets 132,879 132,787 Total liabilities and net assets 232,074 217,728
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DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2027 4 (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Consolidated Statements of Income) (First Quarter Consolidated Cumulative Period) (Millions of yen) Previous First Quarter Consolidated Cumulative Period (From April 1, 2025 to June 30, 2025) Current First Quarter Consolidated Cumulative Period (From April 1, 2026 to June 30, 2026) Net sales of completed construction contracts 60,147 61,601 Cost of sales of completed construction contracts 45,537 45,147 Gross profit on completed construction contracts 14,610 16,454 Selling, general and administrative expenses 4,906 5,522 Operating profit 9,703 10,932 Non-operating income Interest income 6 11 Dividend income 169 147 Insurance fee income 157 150 Foreign exchange gains 67 82 Rental income from real estate 8 8 Other 15 26 Total non-operating income 424 427 Non-operating expenses Interest expenses 34 27 Guarantee commission 1 16 Rental expenses on real estate 12 12 Other 13 10 Total non-operating expenses 61 66 Ordinary profit 10,066 11,292 Extraordinary income Gain on sale of non-current assets 2 3 Reversal of allowance for doubtful accounts 0 － Total extraordinary income 3 3 Extraordinary losses Loss on retirement of non-current assets 0 0 Total extraordinary losses 0 0 Profit before income taxes 10,069 11,296 Income taxes - current 1,415 2,178 Income taxes - deferred 1,722 2,507 Total income taxes 3,138 4,686 Profit 6,930 6,610 Profit attributable to non-controlling interests 45 38 Profit attributable to owners of parent 6,885 6,571
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DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2027 5 (Consolidated Statements of Comprehensive Income) (First Quarter Consolidated Cumulative Period) (Millions of yen) Previous First Quarter Consolidated Cumulative Period (From April 1, 2025 to June 30, 2025) Current First Quarter Consolidated Cumulative Period (From April 1, 2026 to June 30, 2026) Profit 6,930 6,610 Other comprehensive income Valuation difference on available-for-sale securities (130) 556 Foreign currency translation adjustment (475) 179 Remeasurements of defined benefit plans, net of tax (78) (209) Total other comprehensive income (684) 526 Comprehensive income 6,246 7,136 Comprehensive income attributable to Comprehensive income attributable to owners of parent 6,297 7,071 Comprehensive income attributable to non-controlling interests (51) 64
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DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2027 6 (3) Annotation Items Concerning Quarterly Consolidated Financial Statements (Basis of Quarterly Consolidated Financial Statements) We prepare the quarterly consolidated financial statements in accordance with the Article 4-1 of the Tokyo Stock Exchange's standard for preparation of quarterly financial statements and the accounting standards generally accepted in Japan for interim consolidated financial statements, omitting certain disclosures under the Article 4-2 of the Tokyo Stock Exchange's standard for preparation of quarterly financial statements. (Notes to Going Concern Assumption) None (Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) None (Notes regarding the Quarterly Consolidated statement of Cash Flows) There is no quarterly consolidated statement of cash flow available for three months ended June 30, 2026. The depreciation (including amortization of intangible assets other than goodwill) and amortization of goodwill are as follows. (Millions of yen) Previous First Quarter Consolidated Cumulative Period (From April 1, 2025 to June 30, 2025) Current First Quarter Consolidated Cumulative Period (From April 1, 2026 to June 30, 2026) Depreciation 328 442 Amortization of goodwill 35 39
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DAI-DAN Co., Ltd. (1980), Consolidated Financial Statements for the First Quarter of the Period Ending March 2027 7 2. Supplementary Information Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted construction contracts (consolidated) (Millions of yen) Previous First Quarter Consolidated Cumulative Period Current First Quarter Consolidated Cumulative Period Increase (decrease) (From April 1, 2025 to June 30, 2025) (From April 1, 2026 to June 30, 2026) Amount Component ratio % Amount Component ratio % Amount Ratio % Net sales of construction contract orders received Air conditioning and plumbing installations 56,419 84.9 119,444 79.0 63,025 111.7 Electrical installations 10,072 15.1 31,731 21.0 21,659 215.0 Total 66,492 100.0 151,176 100.0 84,684 127.4 (Industrial facilities) 28,374 42.7 64,340 42.6 35,966 126.8 (Overseas operations) 8,564 12.9 27,651 18.3 19,087 222.9 (Renovations) 30,951 46.5 40,923 27.1 9,972 32.2 Net sales of completed construction contracts Air conditioning and plumbing installations 48,649 80.9 50,661 82.2 2,011 4.1 Electrical installations 11,497 19.1 10,940 17.8 (557) (4.8) Total 60,147 100.0 61,601 100.0 1,454 2.4 (Industrial facilities) 34,242 56.9 32,757 53.2 (1,484) (4.3) (Overseas operations) 5,345 8.9 6,837 11.1 1,491 27.9 (Renovations) 16,716 27.8 25,365 41.2 8,648 51.7 Net sales of uncompleted construction contracts Air conditioning and plumbing installations 231,206 87.3 351,024 78.9 119,817 51.8 Electrical installations 33,538 12.7 93,824 21.1 60,286 179.8 Total 264,744 100.0 444,848 100.0 180,104 68.0 (Industrial facilities) 138,708 52.4 171,497 38.6 32,788 23.6 (Overseas operations) 37,911 14.3 86,954 19.5 49,043 129.4 (Renovations) 77,604 29.3 103,542 23.3 25,937 33.4 (Note) Industrial facilities, Overseas operations, and Renovations are aggregated for each type of construction. These includes duplicated construction.