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 Year Ended January 31, 2024
[Japanese GAAP]
March 8, 2024
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 Annual General Meeting of Shareholders:
Scheduled date of commencing dividend payments:
Scheduled date of filing annual securities report:
Availability of supplementary briefing material on annual financial results:
Schedule of annual financial results briefing session:

President and Representative Director
Executive Officer and Planning Manager
April 25, 2024
April 9, 2024
April 26, 2024
Yes
Yes

(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended January 31, 2024 (February 1, 2023 to January 31, 2024)(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%
Fiscal year ended
January 31, 2024
9,394
72.1
246
407
231
January 31, 2023
5,458
(8.5)
(215)
(94)
(64)
(Note) Comprehensive income:Fiscal year ended January 31, 2024:¥(102) million [-%]
Fiscal year ended January 31, 2023:¥(52) million [-%]
Basic earnings per Diluted earnings per Rate of return onshareshareequityYen
Fiscal year endedJanuary 31, 2024
26.08
January 31, 2023
(7.33)(Reference) Equity in earnings (losses) of affiliated companies:

Yen

Ordinary profit tototal assets ratio%

5.5(1.5)
Fiscal year ended January 31, 2024:
Fiscal year ended January 31, 2023:

Operating profit to
net sales ratio%%

4.2(1.1)¥¥

2.6(4.0)- million- million(2) Consolidated Financial Position
Total assets
As ofJanuary 31, 2024
January 31, 2023
(Reference) Equity:

Net assets

Millions of yen

10,8798,427
As of January 31, 2024:
As of January 31, 2023:

Capital adequacy ratio

Millions of yen

¥
¥

4,095
4,379
4,087 million
4,368 million

Net assets per share%

Yen

37.6
51.8

461.31493.05(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
January 31, 2024
January 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen(1,370)
(354)

(26)
(515)

1,503
85

1,444
1,337

2. Dividends
Annual dividends
1st2nd3rdquarter-end quarter-end quarter-end

Year-end

Total

Fiscal year ended

Yen

Yen

Yen

Yen

January 31, 2023

-

10.00

-

10.00

20.00

January 31, 2024

-

10.00

-

10.00

20.00

-

10.00

-

10.00

20.00

Payoutratio

Total
dividends(consolidated)

Yen Millions of yen

Dividends
to netassets(consolidated)

%

%

176-

4.1

177

76.7

4.2

Fiscal year ending
January 31, 2025

50.6(Forecast)(Note) Breakdown of the year-end dividend for the fiscal year ended January 31, 2024 :3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2025 (February 1, 2024 to January 31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings perNet sales
Operating profit
Ordinary profit
owners of parent
share
Full year

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

10,000

6.4

420

70.1

520

27.6

350

51.4

39.50

* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): No(2) 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(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
January 31, 2024:
8,990,200 shares
January 31, 2023:
8,990,200 shares
2) Number of treasury shares at the end of the period:
January 31, 2024:
129,035 shares
January 31, 2023:
129,035 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended January 31, 2024:
Fiscal Year ended January 31, 2023:

8,861,165 shares
8,783,916 shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended January 31, 2024 (February 1, 2023 to January 31, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
January 31, 2024January 31, 2023

Operating profit

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

7,567
4,450

70.0
(12.1)

194(303)

-315
(174)

-214
(121)

-Basic earnings per share Diluted earnings per share
Fiscal year ended
January 31, 2024
January 31, 2023

YenYen24.15(13.87)-(2) Non-consolidated Financial Position
Total assets
As ofJanuary 31, 2024
January 31, 2023
(Reference) Equity:

Net assets

Millions of yen

9,998
8,126
As of January 31, 2024:
As of January 31, 2023:

Capital adequacy ratio

Millions of yen¥
¥

4,012
4,310
4,005 million
4,303 million

Net assets per share%

Yen

40.1
53.0

451.99485.62

Consolidated Financial Statements
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
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, vehicles, tools, furniture andfixtures
Accumulated depreciation
Machinery, vehicles, tools, furniture andfixtures, net
Leased assets
Accumulated depreciation
Leased assets, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Leased assets
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of January 31, 2024

1,337,606

1,444,088

1,761,539

4,648,022

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

94,520110,794(4,679)6,292,745

176,541(49,294)
127,247

196,740(63,450)
133,289

170,189

231,468(154,917)(206,761)

15,271

24,707

2,979(2,135)
844
165,745
1,287
310,394

2,979(2,730)248
165,745
323,990

98,644
2,191
12,602
113,438

286,779
1,048
14,402302,230

4,374,452
61,688(820)
4,435,320
4,859,154
8,427,659

3,892,344
5,536
63,216(820)
3,960,276
4,586,496
10,879,242

(Thousands of yen)
As of January 31, 2023
Liabilities
Current liabilities
Accounts payable for construction contracts andotherShort-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
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
Long-term borrowings
Bonds payable
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)Lease liabilities
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 January 31, 2024

786,095

1,631,120

300,000
256,318
1,926
285
3,978
34,5302,100,000
602,192
1,612
121,106105
60,916

184,987-

297,352
1,865,473

468,818
4,985,870

1,870,376
66,406

1,540,244
50,00069,785

-

5,670

1,612
234,052
10,6202,183,067
4,048,540

121,786
10,6201,798,106
6,783,977

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

843,176803,214
3,091,398(200,362)
4,537,426(115,477)(449,709)(115,477)
7,548
2,589
4,379,118
8,427,659(449,709)
7,548
4,095,265
10,879,242

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Thousands of yen)
For the fiscal year
ended January 31, 2023
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 businesses
Total gross profit
Selling, general and administrative expenses
Remuneration for directors (and other officers)
Employees' salaries and allowances
Retirement benefit expenses
Provision for retirement benefits for directors (andother officers)
Provision for shareholder benefit program
Depreciation
Other
Total selling, general and administrative expenses
Operating profit (loss)
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 (loss)
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale of golf club membershipTotal extraordinary losses
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 fiscal year
ended January 31, 2024

5,242,436
216,292
5,458,728

9,136,731
258,096
9,394,828

4,402,007
167,070
4,569,077

7,713,509
161,589
7,875,099

840,429
49,222889,651

1,423,221
96,507
1,519,729

100,566
237,050
10,294

127,062
298,477
5,676

184,987

5,682

34,53050,104
487,778
1,105,312(215,661)

60,91623,110751,896
1,272,822
246,906

119,038
40,293
5,869
165,200

107,034
40,293
51,775
8,493
207,596

7,093
30,537
6,732
44,363(94,823)

9,295
30,8596,721
46,876407,626

-

4,016
4,016

(94,823)
46,139(77,431)(31,292)(63,531)825(64,357)

4,084
4,084
407,558
139,372
36,584
175,956
231,601
479
231,122

Consolidated Statements of Comprehensive Income(Thousands of yen)
For the fiscal year
ended January 31, 2023
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 fiscal year
ended January 31, 2024

(63,531)

231,601

11,085
11,085(52,445)(334,232)(334,232)(102,630)(53,271)(103,109)

825

479

Consolidated Statements of Changes in Equity
For the fiscal year ended January 31, 2023
(Thousands of yen)
Shareholders' equity
Share capital
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodIssuance of newsharesDividends ofsurplusProfit (loss)
attributable toowners of parent
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period696,130

Capital surplus
657,100

Retained earnings
3,232,417(200,362)

44,264
696,130

657,100

147,045

147,0453,276,681

4,385,286
44,264(200,362)

4,429,550

294,090(174,825)(174,825)(64,357)(64,357)

147,045

147,045(239,182)-

54,908843,176

804,146

3,037,498(200,362)

4,484,458

Accumulated other comprehensive
incomeShare acquisition
Valuation difference Total accumulated
rightson available-for-sale other comprehensive
securities
incomeBalance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodIssuance of newsharesDividends ofsurplus
Profit (loss)
attributable toowners of parent
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

Total shareholders'equityTreasury shares(126,562)(126,562)

17,974Non-controllinginterests

Total net assets

1,763

4,278,461
44,264(126,562)(126,562)

17,9741,763

4,322,725

294,090(174,825)(64,357)
11,085

11,085(10,426)

825

1,484

11,085

11,085(10,426)

825

56,392(115,477)(115,477)

7,548

2,589

4,379,118

For the fiscal year ended January 31, 2024
(Thousands of yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplus
Profit (loss)
attributable toowners of parent
Additional purchaseof shares of
consolidated
subsidiaries
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

Capital surplus

843,176

804,146

Retained earnings
3,037,498(200,362)

4,484,458(177,223)(177,223)

231,122

231,122

(931)

(931)

-

(931)

53,899-52,967843,176803,214

3,091,398(200,362)

4,537,426

Accumulated other comprehensive
incomeShare acquisition
Valuation difference Total accumulated
rightson available-for-sale other comprehensive
securities
incomeBalance at beginningof period
Changes during
periodDividends ofsurplus
Profit (loss)
attributable toowners of parent
Additional purchaseof shares of
consolidated
subsidiaries
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodTotal shareholders'equityTreasury shares(115,477)(115,477)

7,548

Non-controllinginterests

Total net assets

2,589

4,379,118(177,223)
231,122(2,589)(3,520)(334,232)(334,232)(334,232)(334,232)(334,232)-(2,589)(283,853)(449,709)(449,709)

7,548

-

4,095,265

Consolidated Statements of Cash Flows(Thousands of yen)
For the fiscal year
ended January 31, 2023
Cash flows from operating activities
Profit (loss) before income taxes
Gain on sale of non-current assets
Loss (gain) golf membership
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Increase (decrease) in provision for loss on
construction contracts
Increase (decrease) in provision for shareholder
benefit program
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in retirement benefit liability
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in costs on construction contracts
in progress
Increase (decrease) in trade payables
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 investment securities
Proceeds from sale of property, plant and equipment
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from cancellation of insurance fundsPurchase of shares of subsidiaries
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
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 fiscal year
ended January 31, 2024

(94,823)
50,632
27,787(529)(119,104)

407,558(4,016)
4,084
23,98951,7792,482(107,180)(5,071)(3,872)

21,03026,386

184,987(179,317)

1,121
7,093
514,879

3,379
9,295
(2,749,539)

28,157

29,186(413,239)(222,134)(19,213)
119,104(7,069)(447,602)(354,780)

690,691
181,370(1,613,725)
107,180(9,448)145,428(1,370,564)(500,269)(13,704)(2,848)1,667(515,154)

5,738(14,830)(5,755)54,490(105,135)
48,600(10,055)(26,947)

300,000(262,695)(1,909)225,000(175,091)
85,305(784,629)
2,122,236
1,337,606

1,812,000
206,900(331,853)(1,926)(177,127)(4,000)1,503,993
106,481
1,337,606
1,444,088