Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Six Months Ended July 31, 2023
[Japanese GAAP]
September 8, 2023
Company name:
BESTERRA CO.,LTD
Stock exchange listing: Tokyo
Code number:
1433
URL:
https://www.besterra.co.jp
Representative:
Yutaka Honda
Contact:
Shinya Ikeda
Phone:+81-3-3630-5555
Scheduled date of filing quarterly securities report:
Scheduled date of commencing dividend payments:
Availability of supplementary briefing material on quarterly financial results:
Schedule of quarterly financial results briefing session:

President and Representative Director
Executive Officer and Planning Manager
September 14, 2023
October 10, 2023
YesYes(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended July 31, 2023 (February 1, 2023 to July 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended
July 31, 2023
3,328
31.4
(61)
(9)
(28)
July 31, 2022
2,533
8.5
58(63.8)
128(53.2)
59(72.8)(Note) Comprehensive income:Six months ended July 31, 2023:¥(396) million [-%]
Six months ended July 31, 2022:¥
266 million [18.9%]
Basic earnings
per share
Six months ended
July 31, 2023
July 31, 2022

Diluted earnings pershare
YenYen(3.23)
6.886.88(2) Consolidated Financial Position
Total assets
As ofJuly 31, 2023
January 31, 2023
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

8,632
8,427
As of July 31, 2023:
As of January 31, 2023:

Capital adequacy ratio

¥
¥

3,889
4,379
3,882 million
4,368 million

%

45.0
51.8

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended January 31, 2023

-

10.00

-

10.00

20.00

Fiscal year ending January 31, 2024

-

10.00
-

10.0020.00

Fiscal year ending January 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-endTotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2024(February 1, 2023 to January 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings per
Net sales
Operating profit
Ordinary profit
to owners of parent
shareMillions ofyen%Millions ofyen%Millions ofyen

Full year
8,000
46.6210(Note) Revision to the financial results forecast announced most recently:

286
Yes

* Notes:(1) Changes in significant subsidiaries during the six months ended July 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):%

Millions ofyen%

Yen-

195

-

22.05

No

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
July 31, 2023:
8,990,200 shares
January 31, 2023:
8,990,200 shares
2) Number of treasury shares at the end of the period:
July 31, 2023:
129,035 shares
January 31, 2023:
129,035 shares
3) Average number of shares outstanding during the period:
Six months ended July 31, 2023:
Six months ended July 31, 2022:

8,861,165 shares
8,705,386 shares

NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousands of yen)
As of January 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable accounts receivable fromcompleted construction contracts contract assets
and otherCosts on construction contracts in progress
Income taxes refund receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of July 31, 2023

1,337,606

1,565,099

1,761,539

2,551,849

121,467
176,130
173,763(2,002)
3,568,505

52,846
157,847(2,706)
4,324,935

310,394

307,231

98,644
14,794
113,438

84,75013,361
98,111

4,374,452
61,687(820)
4,435,320
4,859,154
8,427,659

3,842,982
59,913(820)
3,902,076
4,307,419
8,632,354

(Thousands of yen)
As of January 31, 2023
Liabilities
Current liabilities
Accounts payable for construction contracts
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses for directors (and otherofficers)
Provision for bonuses
Provision for shareholder benefit program
Provision for loss on construction contracts
Provision for retirement benefits for directors (andother officers)
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

As of July 31, 2023

786,095
300,000
256,318285

1,028,297
1,200,000
252,322
9,658

-

7,998

34,5303,97876,744
17,373

184,987-

299,279
1,865,473

240,672
2,833,066

1,870,376
66,406

1,744,568
68,301-

2,835

234,052
12,2332,183,067
4,048,540

82,32911,263
1,909,297
4,742,364

843,176
804,146
3,037,498(200,362)
4,484,458

843,176803,2142,920,287(200,362)
4,366,315(115,477)(483,873)(115,477)
7,548
2,589
4,379,118
8,427,659(483,873)
7,548
3,889,990
8,632,354

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)(Thousands of yen)
For the six months
ended July 31, 2022
Net sales
Net sales of completed construction contracts
Net sales in sideline businesses
Total net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of sales in sideline businesses
Total cost of sales
Gross profit
Gross profit on completed construction contracts
Gross profit on sideline businessTotal gross profit
Selling, general and administrative expenses
Employees' salaries and allowances
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit expenses
Depreciation
Other
Total selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Dividend income
Rental income from real estate
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses on real estate
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit attributable to non-controlling interests
Profit (loss) attributable to owners of parent

For the six months
ended July 31, 20232,423,365
110,088
2,533,454

3,213,870
115,062
3,328,932

1,937,446
83,1832,020,629

2,775,306
83,1472,858,453

485,919
26,905
512,824

438,564
31,915
470,479

117,010
24,942
7,596
4,239
37,698262,833
454,31958,505

140,741
36,748
7,998
6,063
12,468327,656
531,675(61,196)

64,272
20,146
6,376
90,79551,42820,146
2,605
74,1803,648
15,036
2,492
21,177
128,123

3,758
15,191
3,752
22,702(9,717)

128,123
45,98921,426
67,41560,707787
59,9203,4633,463(6,254)
10,352
11,513
21,866(28,120)479(28,599)

Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Thousands of yen)
For the six months
ended July 31, 2022
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the six months
ended July 31, 2023

60,707(28,120)

205,479
205,479
266,187(368,396)(368,396)(396,517)

265,399(396,996)

787

479

Quarterly Consolidated Statements of Cash Flows(Thousands of yen)
For the six months
ended July 31, 2022
Cash flows from operating activities
Profit (loss) before income taxes
Gain on sale of non-current assets
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on
construction contracts
Increase (decrease) in provision for shareholder
benefit program
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in costs on construction contracts
in progress
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes refund (paid)
Net cash provided by (used in) operating activitiesCash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of software
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of shares
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

For the six months
ended July 31, 2023

128,123
37,945
13,893(977)(6,254)(3,463)
12,59813,893704

14,79813,395(13,500)(34,530)

7,596

7,998

63,24076,744-(182,152)

2,868(64,274)
3,648
946,866

1,895(51,522)3,758(790,309)

82,257

68,620(822,974)(134,575)(141,318)
123,617
64,274(3,636)(225,335)(41,078)

243,297(115,402)
74,026(666,700)
51,522(3,748)167,973(450,953)(9,928)(2,848)3,781(8,995)(9,955)
6,624(1,206)
6,265
1,727

(132,891)
229,395(86,158)
14,282
24,628(25,446)
2,122,236
2,096,790

900,000(129,804)(88,516)(4,961)
676,718
227,492
1,337,606
1,565,099