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, 2022
[Japanese GAAP]
September 09, 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
September 14, 2022
October 11, 2022
Yes
Yes

(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended July 31, 2022 (February 01, 2022 to July 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Six months ended
July 31, 2022
2,533
8.575
(53.4)
144(47.1)
67(69.3)
July 31, 2021
2,335
42.7
161
273
220
(Note) Comprehensive income:Six months ended July 31, 2022:¥
273 million [22.3%]
Six months ended July 31, 2021:¥
223 million [-%]
Basic earnings
per share
Six months ended
July 31, 2022
July 31, 2021

Diluted earnings pershare
YenYen

7.75
26.60

7.75
26.42

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

Net assets

Million yen

Million yen

8,341
9,020
As of July 31, 2022:
As of January 31, 2022:

Capital adequacy ratio

¥¥

4,894
4,354
4,879 million
4,334 million

%

58.5
48.1

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

-

10.00
-

10.00

20.00

Fiscal year ending January 31, 2023(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, 2023(February 01, 2022 to January 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings perNet sales
Operating profit
Ordinary profit
to owners of parent
shareMillion yen% Million yen% Million yen

Full year
6,700
12.36202.0(Note) Revision to the financial results forecast announced most recently:

666No% Million yen(20.8)* Notes:(1) Changes in significant subsidiaries during the six months ended July 31, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):

469%

Yen(68.1)

54.40

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

8,705,386 shares
8,273,405 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 otherNotesReceivableAccountsReceivableFromCompletedConstructionContractsContractAssetsAndOther
Costs on construction contracts in progress
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 31,2022

2,122,236

2,096,790

2,212,594-

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

1,329,745
67,367
109,697(1,555)3,602,045

315,617

317,992

220,100
17,185237,286

196,346
17,414
213,761

3,857,610
48,994(820)
3,905,784
4,458,689
9,020,206

4,153,900
54,617(820)
4,207,698
4,739,451
8,341,496

(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
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 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 31,2022

1,199,334
262,695
240,650

376,359
259,608
55,789-7,596

478,952
2,181,632

63,240208,925
971,519

2,126,694
65,284
278,883
13,0262,483,888
4,665,521

1,996,890
68,153
398,548
12,0652,475,657
3,447,176

696,130
657,100
3,308,640(200,362)
4,461,509

843,176
804,146
3,353,883(200,362)
4,800,843(126,562)

78,916(126,562)
17,9741,763
4,354,685
9,020,206

78,916
11,942
2,617
4,894,319
8,341,496

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)(Thousand yen)
For the six months
ended July 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 profitSelling, 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
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
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 six months
ended July 31,2022

2,217,453
118,057
2,335,510

2,423,365
110,088
2,533,454

1,740,854
88,698
1,829,553

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

476,598
29,358505,957

485,919
26,905
512,824

85,77919,400
6,400
6,700
7,291
218,795
344,366
161,591

117,010
24,942
7,596
4,239
11,023
272,692
437,504
75,320017,87864,27220,146

114,401-

2,988
135,268

6,376
90,795

3,862
16,237
2,981
23,080273,779
273,779
52,207
2,035
54,242
219,536(551)
220,088

3,648
15,036
2,492
21,177
144,938
144,938
45,98930,65576,64568,293787
67,506

Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Thousand yen)
For the six months
ended July 31,2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Share of other comprehensive income of entities
accounted for using equity method
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 31,2022

219,536

68,293

3,829

205,479457-4,287
223,824

205,479
273,772

224,375

272,985

(551)

787

Quarterly Consolidated Statements of Cash Flows(Thousand yen)
For the six months
ended July 31,2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Share of loss (profit) of entities accounted for using
equity methodAmortization of goodwill
Increase (decrease) in allowance for doubtful accounts
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 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 activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of software
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of long-term borrowings
Proceeds from issuance of shares
Dividends paid
Proceeds from issuance of share acquisition rights
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 31,2022

273,779
10,782

144,938
11,270(114,401)

-

1,588
(86)

23,753(977)(9,000)(13,500)

6,400

7,596

48,400
7,486
(1)
3,862
63,52563,2402,868(64,274)
3,648
946,866(98,403)82,257

122,803(54,235)
137,037
399,535
1(3,849)(29,976)
365,711(822,974)(134,575)(126,520)
123,617
64,274(3,636)(225,335)(41,078)(3,111)(11,523)2,311(12,322)(9,928)(2,848)3,781(8,995)(121,592)
193,211(82,066)
24,88845,99960,440413,828
1,367,126
1,780,955(132,891)
229,395(86,158)
14,282
24,628(25,446)
2,122,236
2,096,790