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, 2023
[Japanese GAAP]
December 08, 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
December 14, 2023
Yes
No

(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended October 31, 2023 (February 1, 2023 to October 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended
October 31, 2023
5,862
51.7
100
212
173.1
101503.4
October 31, 2022
3,863
5.7
7(97.0)77(82.6)
16(98.6)(Note) Comprehensive income:Nine months ended October 31, 2023:¥(402) million [-%]
Nine months ended October 31, 2022:¥306 million [(81.9) %]Basic earnings
per share
Nine months ended
October 31, 2023
October 31, 2022

Diluted earnings pershareYen

Yen

11.44
1.92

1.92

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

Millions of yen

10,135
8,427
As of October 31, 2023:
As of January 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen

¥
¥

3,794
4,379
3,786 million
4,368 million

%

37.4
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

20.00

Year-end

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

TotalNo

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
No* Notes:(1) Changes in significant subsidiaries during the nine months ended October 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):
October 31, 2023:
8,990,200 shares
January 31, 2023:
8,990,200 shares
2) Number of treasury shares at the end of the period:
October 31, 2023:
129,035 shares
January 31, 2023:
129,035 shares
3) Average number of shares outstanding during the period:
Nine months ended October 31, 2023:
Nine months ended October 31, 2022:

8,861,165 shares
8,757,883 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 other
Costs 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 assetsInvestment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of October 31, 2023

1,337,606

2,315,599

1,761,539

3,057,151

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

206,990
3,662
192,897(3,140)5,773,161

310,394

325,885

98,644
14,794
113,438

305,721
12,409318,1314,374,452
61,687(820)
4,435,320
4,859,154
8,427,659

3,647,363
71,531(820)
3,718,075
4,362,092
10,135,253

(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 loss on construction contracts
Provision for shareholder benefit program
Provision for retirement benefits for directors (andother officers)
Other
Total current liabilities
Non-current liabilities
Bonds payable
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 October 31, 2023

786,095
300,000
256,318285

1,453,479
2,000,000
277,145
75,796-

11,997

3,978
34,530122,432
8,314-

184,987-

299,279
1,865,473

365,520
4,314,686

1,870,376
66,40650,0001,834,559
69,249-4,252

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

57,017
10,942
2,026,020
6,340,706

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

843,176803,2142,960,607(200,362)
4,406,635(115,477)(619,635)(115,477)
7,548
2,589
4,379,118
8,427,659(619,635)
7,548
3,794,547
10,135,253

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Thousands of yen)
For the nine months
ended October 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
Operating profit
Non-operating income
Dividend income
Rental income from real estate
Surrender value of insurance policies
Other
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 sale of non-current assets
Total extraordinary income
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the nine months
ended October 31, 2023

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

5,680,221
182,210
5,862,431

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

4,767,454
122,927
4,890,381

621,244
35,440656,685649,275
7,409

912,766
59,282
972,049
871,059
100,990

67,63230,2196,804
104,656

55,62830,21951,7758,253
145,877

5,322
22,7086,308
34,33977,727

5,983
22,957
5,679
34,620212,247

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

3,463
3,463
215,710
69,552
44,347
113,899
101,810479
101,331

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Thousands of yen)
For the nine months
ended October 31, 2022
ProfitOther comprehensive incomeValuation 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 nine months
ended October 31, 2023

17,750101,810288,670
288,670
306,420(504,158)(504,158)(402,348)

305,462(402,827)

957

479