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 Nine Months Ended October 31, 2022
[Japanese GAAP]
December 08, 2022
Company name:
BESTERRA CO.,LTD
Stock exchange listing: Tokyo
Code number:
1433
URL:
https://www.besterra.co.jp
Representative:
Akitatsu YoshinoContact:
Yutaka Honda
Phone:03-3630-5555
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
Director and Planning Manager
December 15, 2022
Yes
No

(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended October 31, 2022 (February 01, 2022 to October 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profitOrdinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Nine months ended
October 31, 2022
3,863
5.7
7(97.0)77(82.6)
16(98.6)
October 31, 2021
3,655
41.5
243
275.5
446
176.6
1,202
898.9
(Note) Comprehensive income:Nine months ended October 31, 2022:¥306 million [(81.9) %]Nine months ended October 31, 2021:¥1,689 million [-%]
Basic earnings
per share
Nine months ended
October 31, 2022
October 31, 2021

Diluted earnings pershare
YenYen1.92144.12

1.92
143.15(2) Consolidated Financial Position
Total assets
As ofOctober 31, 2022
January 31, 2022
(Reference) Equity:

Net assets

Million yen

8,627
8,953
As of October 31, 2022:
As of January 31, 2022:

Capital adequacy ratio

Million yen

¥
¥

4,757
4,278
4,747 million
4,258 million

%

55.0
47.6

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended January 31, 2022

-

6.00

-

10.00

16.00

Fiscal year ending January 31, 2023-

10.0010.00

20.00

Year-end

Fiscal year ending January 31, 2023
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

TotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2023(February 01, 2022 to January 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings per
Net sales
Operating profit
Ordinary profit
to owners of parent
shareMillion yen% Million yen% Million yen

Full year
5,250(12.0)(270)(140)(Note) Revision to the financial results forecast announced most recently:
Yes* Notes:(1) Changes in significant subsidiaries during the nine months ended October 31, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):% Million yen%

Yen--

(23.20)(200)

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: Yes
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):
October 31, 2022:
8,990,200 shares
January 31, 2022:
8,750,400 shares2) Total number of treasury shares at the end of the period:
October 31, 2022:
129,035 shares
January 31, 2022:
129,035 shares
3) Average number of shares during the period:
Nine months ended October 31, 2022:
Nine months ended October 31, 2021:

8,757,883 shares
8,345,932 shares

NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousand yen)
As of January 31,2022
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and otherNotes receivable accounts receivable fromcompleted construction contracts contract assets
and other
Costs on construction contracts in progress
Income taxes 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
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of October 31,2022

2,122,236

1,461,867

2,212,594--

1,474,586

149,624
79,593(2,532)4,561,517

139,289
166,231
124,654(1,720)3,364,909

315,617

313,034

126,431
43,860170,292

105,591
16,104
121,695

3,857,610
48,994(820)
3,905,784
4,391,695
8,953,212

4,773,865
55,247(820)
4,828,293
5,263,023
8,627,932

(Thousand yen)
As of January 31,2022
Liabilities
Current liabilities
Accounts payable for construction contracts
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses for directors (and otherofficers)
Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury sharesTotal 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 October 31,2022

1,199,334
262,695
240,650

826,280
258,316
187-

11,3949,050
469,9022,181,632

94,86066,800183,761
1,441,599

2,126,694
65,284
288,112
13,0262,493,118
4,674,750

1,933,280
69,038413,779
12,7162,428,813
3,870,412

696,130
657,100
3,232,417(200,362)
4,385,286

843,176
804,146
3,138,117(200,362)
4,585,076(126,562)

162,107(126,562)
17,974
1,763
4,278,461
8,953,212

162,107
7,548
2,787
4,757,519
8,627,932

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Thousand yen)
For the nine months
ended October 31,2021
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
Operating profit
Non-operating income
Dividend income
Rental income from real estate
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses on real estate
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on exchange from business combination
Total extraordinary income
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

For the nine months
ended October 31,2022

3,481,922
173,794
3,655,717

3,701,965
161,720
3,863,685

2,768,912
131,856
2,900,769

3,080,720
126,279
3,207,000

713,01041,937754,947
511,127
243,820621,244
35,440656,685649,275
7,409

2,161
27,951

67,63230,219201,312-5,915
237,340

6,804
104,656

5,744
23,5395,262
34,545446,615

5,322
22,7086,308
34,33977,7271,275,449
1,275,449
1,722,065
104,485
415,338
519,823
1,202,241(571)
1,202,813

77,72750,806
9,170
59,977
17,750957
16,792

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Thousand yen)
For the nine months
ended October 31,2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

For the nine months
ended October 31,2022

1,202,241

17,750486,777
486,777
1,689,019

288,670
288,670
306,420

1,689,590

305,462(571)

957