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 Three Months Ended April 30, 2023
[Japanese GAAP]
June 9, 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
June 14, 2023
Yes
No

(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended April 30, 2023 (February 1, 2023 to April 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profitOrdinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months endedApril 30, 2023
1,537
(8.6)
(35)
(37)
(31)
April 30, 2022
1,681
27.5
196(0.7)
197
0.8
109
(17.6)(Note) Comprehensive income:Three months ended April 30, 2023:¥(499) million [-%]
Three months ended April 30, 2022:¥
1,265 million [822.6%]
Basic earnings
per share
Three months endedApril 30, 2023
April 30, 2022

Diluted earnings pershare
YenYen(3.60)
12.60

12.60(2) Consolidated Financial Position
Total assets
As ofApril 30, 2023
January 31, 2023
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

8,191
8,427
As of April 30, 2023:
As of January 31, 2023:

Capital adequacy ratio

¥
¥

3,790
4,379
3,779 million
4,368 million

%

46.1
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

-

10.00

20.00Fiscal 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 perNet sales
Operating profit
Ordinary profit
to owners of parent
shareMillions ofyen%Millions ofyen%Millions ofyen

Full year
7,800
42.9510(Note) Revision to the financial results forecast announced most recently:586
No* Notes:(1) Changes in significant subsidiaries during the three months ended April 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):%

Millions ofyen%

Yen-400-

45.14

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: No3) 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):
April 30, 2023:
8,990,200 shares
January 31, 2023:
8,990,200 shares
2) Number of treasury shares at the end of the period:
April 30, 2023:
129,035 shares
January 31, 2023:
129,035 shares
3) Average number of shares outstanding during the period:
Three months ended April 30, 2023:
Three months ended April 30, 2022:

8,861,165 shares
8,685,748 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 April 30, 2023

1,337,606

2,157,325

1,761,539

1,462,345

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

80,041
122,911
194,461(1,699)4,015,386

310,394

310,016

98,644
14,794
113,438

91,697
13,484105,182

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

3,698,609
62,824(820)
3,760,613
4,175,811
8,191,198

(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 April 30, 2023

786,095
300,000
256,318285

802,223900,000
254,320
4,817

-

3,999

34,5303,97838,372
4,805
19,139184,987-

299,279
1,865,473

462,518
2,490,195

1,870,376
66,406

1,807,472
67,488-1,417

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

22,286
11,7491,910,413
4,400,608

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

843,176
804,146
2,917,002(200,362)
4,363,962(115,477)(583,988)(115,477)
7,548
2,589
4,379,118
8,427,659(583,988)
7,548
3,068
3,790,589
8,191,198

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Thousands of yen)
For the three months
ended April 30, 2022Net 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 (loss)
Non-operating 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 three months
ended April 30, 2023

1,622,070
59,865
1,681,936

1,475,461
62,261
1,537,722

1,204,562
45,0601,249,623

1,274,237
45,263
1,319,500

417,507
14,805432,312235,366
196,946

201,224
16,998218,222
253,860(35,638)

10,073
2,187
12,26010,073923
10,996

1,904
7,502
2,251
11,659197,547

1,833
7,509
3,520
12,864(37,505)

197,547
51,16036,27087,430110,117645
109,471

3,463
3,463
(34,042)
1,738(4,375)(2,636)(31,405)479(31,885)

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Thousands of yen)
For the three months
ended April 30, 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 ofparentComprehensive income attributable to non-controllinginterests

For the three months
ended April 30, 2023

110,117(31,405)

1,155,263
1,155,263
1,265,380(468,511)(468,511)(499,917)

1,264,735(500,396)

645

479