Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

November 8, 2023

Non-consolidated Financial Results
for the Fiscal year ended September 30, 2023
(Under Japanese GAAP)
Company name:
Paraca Inc.
Listing:
Tokyo Stock Exchange
Securities code:
4809
URL:
https://www.paraca.co.jp/
Representative:
So Naito, Representative Director
Inquiries:
Katsumi Ichikawa, General Manager of Administration Division
Telephone:+81-3-6841-0809
Scheduled date of annual general meeting of shareholders:
December 20, 2023
Scheduled date to commence dividend payments:
December 21, 2023
Scheduled date to file annual securities report:
December 21, 2023
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted)

1. Non-consolidated financial results for the fiscal year ended September 30, 2023 (from October 1, 2022
to September 30, 2023)(1) Non-consolidated operating results (cumulative)
Net sales
Fiscal year ended(Percentages indicate year-on-year changes)

Operating profit

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

September 30, 2023

14,774

13.9

2,934

30.2

2,712

33.0

1,818

30.4

September 30, 2022

12,974

10.3

2,253

26.1

2,039

29.4

1,395

42.8

Profit per shareafter dilution

Profit per share
Fiscal year ended

Return on equity

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

%

%

Yen

Yen

September 30, 2023

181.87180.49

10.4

7.0

19.9

September 30, 2022

139.67139.21

8.5

5.6

17.4

Reference:%

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended September 30, 2023:
For the fiscal year ended September 30, 2022:-(2) Non-consolidated financial position
Total assets
As of

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

September 30, 2023

39,824

18,10745.4

1,805.60

September 30, 2022

37,671

16,88644.7

1,685.77

Reference:

EquityAs of September 30, 2023:
As of September 30, 2022:¥18,068 million¥16,856 million%

Yen(3) Non-consolidated cash flows
Cash flows fromoperating activities
Fiscal year ended

Cash flows frominvesting activities

Cash and cash
equivalents at end of
periodCash flows fromfinancing activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

September 30, 2023

2,668

△2,565

△326

3,708

September 30, 2022

1,975

△2,452255

3,931

2. Cash dividends
Annual dividends per share
First
SecondThird
quarter-end quarter-end quarter-end
Yen
Fiscal year ended
September 30, 2022
Fiscal year ended
September 30, 2023
Fiscal year ending
September 30, 2024
(Forecast)

Yen

Fiscalyear-end

Yen

Total

Yen

Total cash
dividends(Total)Payout ratio

Ratio ofdividends to
net assets%%

Yen Millions of yen

-

0.00

-

62.00

62.00

635

44.4

3.8

-

0.00

-

64.00

64.00

656

35.2

3.7

-

0.00

-

64.00

64.00

34.6

3. Business Forecasts for the fiscal year ending September 30, 2024 (from October 1, 2023 to September 30,
2024)(Percentages indicate year-on-year changes)
Net sales

Operating profit

Ordinary profit

ProfitProfit per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

yenInterim

7,800

8.6

1,520

6.0

1,400

5.4

910

1.0

90.94

Full year

15,900

7.6

3,120

6.3

2,870

5.8

1,850

1.7

184.87

* Notes(1) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(2) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

10,311,100 shares

As of September 30, 2022

10,304,600 shares(ii) Number of treasury shares at the end of the period
As of September 30, 2023

304,178 shares

As of September 30, 2022

305,633 shares(iii) Average number of shares outstanding during the period

Note:

Fiscal year ended September 30, 2023

10,001,000 sharesFiscal year ended September 30, 2022

9,988,328 shares

The total number of treasury shares at the end of the period included shares of the Company held by the
Employee Stock Ownership Plan Trust (248,900 shares as of September 30, 2023 and 249,655 shares as of
September 30, 2022).

* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Explanations and other special notes concerning the appropriate use of business performance forecasts
The business performance forecasts given in this document are based on assumptions, prospects, and futurebusiness plans, currently available on the date this document was published. Actual results may differ fromthese forecasts for a variety of reasons. For other matters relating to the forecasts, please refer to “1. Overview
of Operating Results, etc. (1) Operating Results” on page 2 of the attached materials.

Attached Materials
Index
1. Overview of Operating Results, etc. ······················································································ 2(1) Operating Results ······································································································· 2(2) Financial Position ······································································································· 4(3) Basic Policy on Profit Distribution and Dividends for Current and Next Fiscal Years ······················· 4(4) Significant Events Regarding Going Concern Assumption ······················································· 4
2. Basic concept of the selection of accounting standards ································································ 4
3. Financial Statements and Notes ··························································································· 5(1) Balance Sheet ············································································································ 5(2) Statements of Profit and Loss ························································································· 7(3) Statements of Shareholders’ Equity ·················································································· 8(4) Statement of Cash Flows ····························································································· 10(5) Notes to Financial Statements ······················································································· 11-1-1. Overview of Operating Results, etc.
(1) Operating Results
During the fiscal year ended September 30, 2023 (October 1, 2022 to September 30, 2023), Japanese economy
is almost back to normal with the resumption of socioeconomic activities based on living with COVID-19.
In the parking industry, its sales improved nationwide due to the normalization of economic activities, andsales for this fiscal year increased 13.9% from the previous fiscal year.
Under these circumstances, the Company conducted aggressive sales activities and focused on improving
profitability by developing new parking lots and setting flexible rate changes at existing parking lots.
Overall, during the fiscal year, the number of newly developed parking was 262 lots with 3,785 spaces, while
the number of closed parking was 96 lots with 1,549 spaces (net increase was 166 lots with 2,236 spaces). Totalof 2,285 lots with 35,088 spaces was available as of September 30, 2023.
As a result, in the fiscal year under review, the net sales was ¥ 14,774 million (up 13.9% year-on-year),
operating profit was ¥ 2,934 million (up 30.2% year-on-year), ordinary profit was ¥ 2,712 million (up 33.0%
year-on-year), and profit was ¥ 1,818 million (up 30.4% year-on-year).
The results of each type of parking business are as follows.
(Leased parking Business)
During the fiscal year, the number of newly developed leased parking was 241 lots with 3,442 spaces, while
the number of closed leased parking was 96 lots with 1,548 spaces (net increase was 145 lots with 1,894
spaces). As a result, total of 2,012 lots with 29,984 spaces was available as of September 30, 2023. The net
sales of leased parking business was ¥ 11,845 million (up 13.8% year-on-year), and gross profit was ¥ 2,402
million (up 26.3% year-on-year).
(Owned parking Business)
During the fiscal year, owned parking lots were developed in Sapporo City (7 lots with 60 spaces), in
Hakodate City (2 lots with 14 spaces), in Akita City (39 spaces), in Takasaki City (24 spaces), in Koto-ku,
Tokyo (2 spaces), in Bunkyo-ku, Tokyo (4 spaces), in Kokubunji City, Tokyo (5 spaces), in Yokohama City (4spaces), in Kyoto City (2 spaces), in Osaka City (4 lots with 182 spaces) and in Fukuoka City (7 spaces). On theother hand, 1 parking space was closed in Tsuchiura City, Ibaraki Prefecture, due to layout change. As a result,the number of newly developed owned parking was 21 lots with 343 spaces, while the number of closed owned
parking was 1 space. Total of 273 lots with 5,104 spaces was available as of September 30, 2023. The net salesof owned parking business was ¥ 2,366 million (up 16.2% year-on-year), and gross profit was ¥ 1,926 million(up 18.2% year-on-year).
Furthermore, the Company acquired land for parking in Sapporo City (13 spaces) and in Nagaoka City,
Niigata Prefecture (3 spaces) which are scheduled to be opened in the first quarter of next fiscal year.
Investments for owned parking business totaled ¥ 2,239 million in the fiscal year.
(Others)
During the fiscal year, the net sales except for car parking business, including real estate leasing, vending
machine, bike/bus/cycle parking, and solar power generation, was ¥ 562 million (up 7.3% year-on-year).

-2-

(Future Outlook)
In Japan, business confidence is improving due to a recovery in consumer spending and the employment
environment, although prices are rising due to soaring energy prices. In the parking industry, hourly parking lot
is in short supply, especially in big cities, and the supply-demand balance is tight.
Under these circumstances, the Company will continue to conduct aggressive sales activities, and will also
make efforts to improve the profitability of existing parking lots by setting flexible rate changes. In addition, theCompany works on redevelopment projects and commercial building parking lot projects by taking advantage
of business alliances with major real estate developers and real estate brokerage firms. And, the Company will
focus on acquiring land for parking lots and aim to expand the Company’s business and base earnings, taking
into consideration demographic trends and other indicators.
As for the future outlook for the fiscal year ending September 30, 2024, the development and utilization of
parking lots are expected to remain steady. However, extraordinary losses of ¥ 181 million is expected to beaccounted for the renovation of the payment machines at all parking lots to accommodate the new banknotesthat will be launched in July 2024. In addition, personnel expenses are supposed to increase by approximately¥100 million, due to an expansion of employees caused by business growth. As a result, the Company forecasts
net sales of ¥ 15,900 million (up 7.6% year-on-year), operating profit of ¥ 3,120 million (up 6.3% year-on-year),ordinary profit of 2,870 million yen (up 5.8% year-on-year), and profit of ¥ 1,850 million (up 1.7% year-onyear).
*This explanation is based on information available to the Company at this time, and includes potential risks
and uncertainties. Due to these factors, actual results may differ from the announced forecasts.

-3-

(2) Financial Position
Total assets at the end of the fiscal year under review increased by ¥ 2,153 million from the end of theprevious fiscal year, to ¥ 39,824 million. It was mainly due to an increase in land (¥ 2,200 million).
Total liabilities at the end of the fiscal year under review increased by ¥ 932 million, to ¥ 21,717 million. It
was mainly due to an increase in borrowings (¥ 611 million).
Total net assets at the end of the fiscal year under review increased by ¥ 1,221 million, to ¥ 18,107 million. It
was mainly due to an increase in retained earnings (¥ 1,183 million). As a result, the equity ratio shifted to45.4% from 44.7% at the end of the previous fiscal year.
(Cash flows)
Cash and cash equivalents at the end of the fiscal year under review decreased by ¥ 223 million from the endof the previous fiscal year, to ¥ 3,708 million. The main reasons are as follows.
(Cash flows from operating activities)
Cash and cash equivalents provided by operating activities increased by ¥ 693 million from the end of theprevious fiscal year, to ¥ 2,668 million. It was mainly due to the profit before income taxes (¥ 2,658 million),
depreciation (¥ 523 million) and income taxes paid (¥ 739 million).
(Cash flows from investing activities)
Cash and cash equivalents used in investing activities increased by ¥ 113 million from the end of the previous
fiscal year, to ¥ 2,565 million. It was mainly due to acquisition of property, plant and equipment (¥ 2,501
million).
(Cash flows from financing activities)
The cash and cash equivalents used in financing activities was ¥ 326 million (previous fiscal year was an
inflow of ¥ 255 million). It was mainly due to the proceeds from long-term borrowings (¥ 2,719 million),
repayments of long-term borrowings (¥ 2,107 million), repayments of lease obligations (¥ 314 million), andcash dividends paid (¥ 635 million).
(3) Basic Policy on Profit Distribution and Dividends for Current and Next Fiscal Years
The Company's basic policy on profit distribution is <To distribute profits to all shareholders in a manner thatmaintain balances of reinvestment with “capital efficiency”, “financial soundness”, and “investment
environment” in order to achieve sustainable growth and enhance corporate value over the medium to longterm>.
Based on this basic policy, the Company plans to pay a dividend of ¥ 64 per share for the fiscal year ended
September 30, 2023. For the fiscal year ending September 30, 2024, we plan to continue to pay a dividend of¥ 64 per share, as we plan to invest more aggressively in the owned parking business.
We will continue to distribute profits based on the above policy.
(4) Significant Events Regarding Going Concern Assumption
Not applicable.

2. Basic concept of the selection of accounting standards
Since the Company does not prepare consolidated financial statements, the Company has applied Japanese
GAAP for accounting standards, considering the burden of parallel disclosure under Japanese GAAP andInternational Financial Reporting Standards.

-4-

3. Financial Statements and Notes(1) Balance Sheet(Millions of yen)
As of September 30, 2022

As of September 30, 2023

3,961
167
20
553
18
△0
4,721

3,738
197
17
589
14
△0
4,558

1,163
△461
702
905
△635
269
1,268
△582
686
571
△501
70
29,781
5,511△4,787724
46
32,281

1,229
△506
723
967
△674
293
1,268
△657
611
612
△532
80
31,981
5,782△5,080701
175
34,568

5
1
1
0
9

4
1
45
0
51

35
0

23
0

7

8

43
236
337
659
32,94937,671

34
228
351
646
35,26639,824

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Supplies
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Patent right
Trademark right
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Investments in capital
Long-term loans receivable fromdirectors (and other officers) andemployees
Long-term prepaid expenses
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets-5-

(Millions of yen)
As of September 30, 2022

As of September 30, 2023

296
1,992
297
93
15
476
92
97
10
39
12
75
3,498

336
2,260
235
156
37
586
154
98
16
47
－
94
4,024

16,347
473
38
292
133
17,286
20,784

16,690
511
44
311
134
17,693
21,717

1,847

1,854

1,877
406
2,284

1,884
407
2,291

10
13,11813,128△378
16,882－
14,312
14,312△377
18,080

6

6

△32
△26
30
16,88637,671△18△12
39
18,10739,824

Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term borrowings
Lease liabilities
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Advances received
Deposits received
Provision for bonuses
Provision for shareholder benefit program
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Provision for share awards
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Other retained earnings
Reserve for special depreciation
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Total valuation and translation adjustments
Share acquisition rights
Total net assets
Total liabilities and net assets-6-

(2) Statements of Profit and Loss
(Millions of yen)
Fiscal year ended
September 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Provision of allowance for doubtful accounts
Remuneration for directors (and other officers)
Salaries and allowances
Provision for bonuses
Legal welfare expenses
Provision for share awards
Provision for shareholder benefit program
Depreciation
Rent expenses on land and buildings
Fee expenses
Commission expenses
Taxes and dues
Other
Total selling, general and administrative
expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on forfeiture of unclaimed dividends
Dividend income of insurance
Insurance claim income
Commission income
Compensation income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit-7-

Fiscal year ended
September 30, 2023

12,974
9,177
3,797

14,774
10,111
4,663

△0
173
440
39
70
0
12
30
188
52
142
147
244

0
196
491
47
86
6
－
34
197
49
165
168
283

1,543

1,728

2,253

2,934

0
0
0
0
0
－
－
0
0
2

0
0
0
0
0
1
1
－
0
5

212
3
216
2,039

225
1
227
2,712

34
34

－
－

14
10
－
24
2,048
679
△25
653
1,395

15
27
11
54
2,658
838
0
839
1,818

(3) Statements of Shareholders’ Equity
Fiscal year ended September 30, 2022 (from October 1, 2021 to September 30, 2022)(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Share capital

Balance at beginning of period

Other
Legal capital
capitalsurplussurplus

1,839

1,869

8

8

Total
capitalsurplus

403

2,272

Reservefor special
depreciati
onRetainedearnings
brought
forward56

12,240Total
retainedearnings
12,296

TreasurysharesTotalshareholde
rs' equity△379

16,029Changes during period
Issuance of new shares - exerciseof share acquisition rights

8

16

Dividends of surplus

△562

△562

△562

Profit

1,395

1,395

1,395

45

－

－

Reversal of reserve for special
depreciation△45

Purchase of treasury shares
Disposal of treasury shares

3

3

Treasury stock payment of stock
ownership plan trust

△0

△0

0

4

－

－

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

8

8

3

11

△45

878

832

0

852

1,847

1,877

406

2,284

10

13,11813,128△378

16,882

Valuation and translation adjustments

Balance at beginning of period

Valuationdifferenceonavailablefor-salesecurities

Deferred
gains orlosses onhedges

7

△57

Total
Share
valuationacquisition
andrightstranslation
adjustment
s
△50

19

Total net
assets15,998Changes during period
Issuance of new shares - exerciseof share acquisition rights

16

Dividends of surplus△562

Profit1,395

Reversal of reserve for special
depreciation－

Purchase of treasury shares△0

Disposal of treasury shares

4

Treasury stock payment of stock
ownership plan trust－

Net changes in items other thanshareholders' equity

△0

25

24

10

34

Total changes during period

△0

25

24

10

887

Balance at end of period

6

△32

△26

30

16,886-8-

Fiscal year ended September 30, 2023 (from October 1, 2022 to September 30, 2023)(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Share capital

Balance at beginning of period

Other
Legal capital
capitalsurplussurplus

1,847

1,877

6

6

Total
capitalsurplus

406

2,284

Reservefor special
depreciati
onRetainedearnings
brought
forward10

13,118

Total
retainedearnings
13,128TreasurysharesTotalshareholde
rs' equity△378

16,882

Changes during period
Issuance of new shares - exerciseof share acquisition rights

6

12

Dividends of surplus

△635

△635

△635

Profit

1,818

1,818

1,818

10

－

－

Reversal of reserve for special
depreciation△10

Purchase of treasury shares
Disposal of treasury shares

00Treasury stock payment of stock
ownership plan trust

－

－

0

0

1

1

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

6

6

0

6

△10

1,193

1,183

1

1,197

1,854

1,884

407

2,291

－

14,312

14,312△377

18,080

Valuation and translation adjustments

Balance at beginning of period

Valuationdifferenceonavailablefor-salesecurities

Deferred
gains orlosses onhedges

6

△32

Total
Share
valuationacquisition
andrightstranslation
adjustment
s
△26

30

Total net
assets

16,886

Changes during period
Issuance of new shares - exerciseof share acquisition rights

12

Dividends of surplus△635

Profit1,818

Reversal of reserve for special
depreciation－

Purchase of treasury shares－

Disposal of treasury shares

0Treasury stock payment of stock
ownership plan trust1

Net changes in items other thanshareholders' equity

△0

14

14

8

23

Total changes during period

△0

14

14

8

1,221

Balance at end of period

6

△18

△12

39

18,107-9-

(4) Statement of Cash Flows(Millions of yen)
Fiscal year ended
September 30, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for shareawardsIncrease (decrease) in provision forshareholder benefit program
Interest and dividend income
Interest expenses
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Impairment losses
Loss (gain) on valuation of investment
securities
Decrease (increase) in trade receivables
Decrease (increase) in other current assets
Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Payments of leasehold and guarantee deposits
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of shares
Proceeds from disposal of treasury shares
Repayments of lease liabilities
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- 10 -

Fiscal year ended
September 30, 2023

2,048
564
7

2,658
523
7

0

6

△13

△12

△0
212
△34
14
10

△0
225
－
15
27

－

11

△38
△71
56
48
41
2,845
0
△212
△658

△29
△29
39
118
71
3,633
0
△225
△739

1,975

2,668

△2,803△2,501

367

－

△1
△14
△0

△45
△23
5

△2,452△2,565

784
△784
3,294
△2,128
16
3
△366
△563
△0

882
△882
2,719
△2,107
10
0
△314
△635
－

255

△326

△221

△223

4,152
3,931

3,931
3,708

(5) Notes to Financial Statements(Notes on going concern assumption)
Not applicable.
(Changes in accounting policies)
Not applicable.
(Segment information)
The segment information is omitted, as the Company has a single segment related to the parking lot
development, operation and management business.

- 11 -