Attached materials to Brief Report on Closing of Accounts

Contents of Financial Matters

Relating to closing of accounts

Attached materials

5. Segment Information

1. Segment information by type of business

Current period (From April 1, 1999 to March 31, 2000)

2. Segment information by location

Current period (From April 1, 1999 to March 31, 2000)

3. Overseas sales amount

Current period (From April 1, 1999 to March 31, 2000)

6. Current value, etc. of securities

(Unit: million yen)

Note: 1. Calculation method of current value (including those equivalent to current values)

Note: 2. Shares of current assets are indicated, excluding treasury stocks

Note: 3. Shares of fixed assets are indicated, excluding parent company shares held by subsidiary companies

Note: 4. The amounts of securities accounted in balance sheet of excluding those subject to disclosure are as follows:

7. Contract amounts of Derivative Transactions, Market Price and Evaluation Profit or Loss

Relating to interest

(Unit: million yen)

Note: 1. Calculation method of market price, etc.

In accordance with prices indicated by financial institutions with whom interest swap contracts are concluded.

8. Transactions with related parties

Non-applicable

May 23, 2000

Individual Financial Statements for the period ending March, 2000

Name of listed company: DAI-DAN Co., Ltd.

Listed stock exchanges : Tokyo and Osaka

Code No. 1980

Location of head office : Osaka Pref.

Inquiries to be addressed to : Toshikazu Ando, Managing Director and Manager of Operations Div.    Tel. 06-6441-8231

Date of Director's meeting on closing of accounts : May 23, 2000

Date of regular shareholders meeting: June 29, 2000

1. Consolidated performance for the period ending March, 2000 (From April 1, 1999 to March 31, 2000)

(1) Consolidated management performance

(Note: Amounts are indicated with figures less than 1 million yen discarded)

Note:

1       Average number of shares during period        Period ending March, 2000 : 45,963,803 shares

                                                                                     Period ending March, 1999 : 45,963,803 shares

2        Change of accounting method :              None

3     Percentage indications of sales, sales profit, ordinary profit, current period profit are ratios against those of the previous period.

(2) Dividend situation

(3) Financial condition

Note: Number of shares issued during period  shares  

 Period ending March, 2000 : 45,963,803     Period ending March, 1999 : 45,963,803 shares

2. Estimate of performance for the period ending March 2001 ((From April 1, 2000 to March 31, 2001)

Reference: Estimated earning per share (for entire period) -50.04yen.

Note: From the interim period ending September 1999, the past standards for preparing various interim financial statements (estimated principle) were changed to the actual record standard (actual record principle).

9.Individual Financial Statements

(1) Comparative balance sheet

(Unit: million yen)

(2) Comparative Profit and Loss Statement

(Unit : million yen)

(3) Comparative surplus appropriation proposal

(Unit : million yen)

Note: Interim dividend of 229 million yen was paid on December 9, 1999

Dividend per share

[Important accounting policies]

1. Securities having a market price on the exchange market were evaluated by the lower of the cost or market by the moving average cost method while other securities were evaluated by cost method by the moving average cost method.

2. Evaluation of incomplete work expenditures is made by cost method.

3. Evaluation of materials and stored goods is made by lower of the cost or market by the moving average cost method.

4. Depreciation method of tangible fixed assets is based on the same standard with that designated by corporate tax law and buildings (excluding attached facilities) are depreciated by the straight line method while those other than buildings are depreciated by the fixed percentage method.

5. To cope with recovery failures on accounts payable of completed work and loans receivables, the total amount of transfer limit amount by actual record transfer rate based on provisions of the corporate tax law and reserves for immediate coping with the actual individual situation of credits is set as the bad debt reserve.

6. The completed work compensation reserve was set with the object of defect security compensation and accounted with consideration for future compensation prospects based on past actual records, on work subject to compensation.

7. To provide for payment of retirement allowance of employees, an amount is set in which the pension asset balance is deducted from an amount calculated by the present value method based on required payment amount at year end with consideration given for mandatory retirement.

8. The Directors' retirement allowance reserve, to provide for payment of Directors' retirement allowance, is accounted for amounts required to be paid at the end of the period, basing on by-laws of the company.  This reserve is in accordance with provision 2 of Article 287 of the Commercial Law.

9. The standard for accounting of completed work amount is in accordance with work completion standards.

10. For finance lease transactions other than those for which it is recognized that ownership rights may be transferred to the lease, accounting is made in accordance with the method relating to normal lease transactions.

11. Accounting of consumption tax, etc. is made by the after tax method.

12. Qualified pension system

(1) Since April 1, 1992, the company has adopted a qualified pension system for an amount equivalent to 50% of the retirement allowance for personnel subject to mandatory retirement (with 20 years or more of service).

(2) As of March 31, 2000, the total amount of pension assets is 2,599 million yen.

(3) The installment period for past service rendered expenses is 3 years 2 months.

(4) There is no breaking down of retirement allowance reserve excess amount incident to transfer.

[Additional information]

Tax effect accounting

       In accordance with the amendment of the financial statement standard, tax effect accounting is being applied from the current period.

Incident to this amendment, compared with the case where tax effect accounting is not applied, 1,879 million yen of deferred tax asset (513 million yen of current assets and 1,366 million yen of investments, etc.) was accounted, while accounted current

net profit was 184 million yen less and accounted unappropriated surplus was 1,959 million yen more.

 Deposit in the joint enterprise entity name

Deposit in the name of the joint enterprise entity for which our company is the representative company was not accounted as assets in the past but since its importance has increased, it has been decided to account deposit in the name of the joint enterprise entity as assets.  By this, compared with the past method, cash deposit increased 2,529 million yen, deposit received increased 1,053 million yen and incomplete work amount received increased 1,475 million yen.

[Notes on comparative balance sheet]

[Notes on comparative profit and loss statement]

[Those relating to lease transactions]

Finance lease transactions other than those for which it is recognized that ownership of leased object transfers to the lease

　Note: The amount equivalent to acquired amount is calculated by the payable interest inclusive method since the ratio of prepaid lease charges in the tangible fixed assets end period balance is low.

2.Amount equivalent to prepaid lease charge period end balance

Note: Amount equivalent to prepaid lease charge period end balance is calculated by the payable interest inclusive method since the ratio of prepaid lease charge end period balance in the tangible fixed assets period end balance is low.

3. Payable lease charge and amount equivalent to depreciation    expenses

4. Calculation method of amount equivalent to depreciation expenses

[Those relating to tax effect accounting]

1. Contents of main causes for occurrence of deferred tax assets and deferred tax liabilities

2. Contents of main items which became causes for serious difference where there is a serious difference between the legal effective tax rate and the burden amount of corporate taxes, etc. after tax effect adjustment

10. Accepted job orders by division, completed job amount and carried over job amount

(Unit : million yen)

11. Movements of Directors (Scheduled for June 29, 2000)

1. Transfer of Representative : None

2. Other transfer of Directors

(1) Candidates for new Directors

(2) Directors scheduled to be retired

(3)Promoted

｜Return｜

｜Brief Report on Closing of Accounts for the period ending March 2000｜