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.

May 9, 2024

Non-consolidated Financial Results
for the Six Months Ended March 31, 2024
(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 to file quarterly securities report:
May 14, 2024
Scheduled date to commence dividend payments:―
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
Yes(Yen amounts are rounded down to millions, unless otherwise noted)

1. Non-consolidated financial results for the Six Months Ended March 31, 2024 (from October 1, 2023 toMarch 31, 2024)(1) Non-consolidated operating results (cumulative)
Net sales(Percentages indicate year-on-year changes)

Operating profit

Ordinary profit

ProfitSix months ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%March 31, 2024

7,872

9.6

1,408

△ 1.7

1,299

△ 2.2851△ 5.5

March 31, 2023

7,182

14.8

1,433

35.2

1,327

38.8

901

35.4

Profit per shareafter dilution

Profit per share
Six months ended

Yen

Yen

March 31, 2024

84.99

84.37

March 31, 2023

90.11

89.50

(2) Non-consolidated financial position
Total assets
As ofNet assets

Equity ratio

Millions of yen

Millions of yen

March 31, 2024

42,525

18,38843.1

September 30, 2023

39,824

18,10745.4

Reference:Equity
As of March 31, 2024:
As of September 30, 2023:¥18,347 million¥18,068 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
September 30, 2023
Fiscal year ending
September 30, 2024

―

0.00

―

0.00

Fiscal year ending
September 30, 2024
(Forecast)Fiscal year-end

Total

Yen

Yen

―

64.00

64.00

―

64.00

64.00

Note: Revisions to the forecast of cash dividends most recently announced: None

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

Full year
Note:

Operating profit

Ordinary profit

ProfitProfit per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

yen

15,900

7.6

3,120

6.3

2,870

5.8

1,850

1.7

184.32

Revisions to the forecast of financial results most recently announced: None* Notes(1) Adoption of accounting treatment specific to the preparation of quarterly financial statements: Yes
Note: As for details, refer to page 8 of the attached materials.
(2) 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
(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

10,354,500 shares

As of September 30, 2023

10,311,100 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2024

299,960 shares

As of September 30, 2023

304,178 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)

Note:

Six months ended March 31, 2024

10,015,394 shares

Six months ended March 31, 2023

9,999,578 shares

The total number of treasury shares at the end of the period included shares of the Company held by theEmployee Stock Ownership Plan Trust (248,779 shares as of March 31, 2024 and 248,900 shares as of
September 30, 2023).

* Quarterly financial results reports are exempt from quarterly review 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. (3) FutureOutlook” on page 3 of the attached materials.

Attached Materials
Index
1. Overview of Operating Results, etc. ······················································································ 2(1) Operating Results ······································································································· 2(2) Financial Position ······································································································· 3(3) Future Outlook ·········································································································· 32. Financial Statements and Notes ··························································································· 4(1) Balance Sheet ············································································································ 4(2) Statement of Profit and Loss ·························································································· 6(3) Statement of Cash Flows ······························································································· 7(4) Notes to Financial Statements ························································································· 8-1-

1. Overview of Operating Results, etc.
(1) Operating Results
During the first six months of the current fiscal year (October 1, 2023 to March 31, 2024), the Japanese
economy continued to recover despite the impact of rising prices, and has been on a moderate improvement
trend in capital investment, consumer spending, and the employment environment.
In the parking industry, sales remained steady due to a chronic shortage of parking spaces, especially in bigcities, parking demand from construction projects, and recovery from hurting consumer sentiment.
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 first six months of the fiscal year, the number of newly developed parking was 173 lotswith 3,863 spaces, while the number of closed parking was 70 lots with 924 spaces (net increase was 103 lotswith 2,939 spaces). A total of 2,388 lots with 38,027 spaces is available as of March 31, 2024.
As a result, in the first six months of the fiscal year under review, the net sales was ¥ 7,872 million (up 9.6%year-on-year), operating profit was ¥ 1,408 million (down 1.7% year-on-year), ordinary profit was ¥ 1,299
million (down 2.2% year-on-year), and profit was ¥ 851 million (down 5.5% year-on-year).
During the first six months of the fiscal year, sales increased by 9.6% year-on-year due to the newly developed
parking lots, including large parking lots attached to facilities. However, operating profit decreased by 1.7%
year-on-year due to the start-up expenses for new parking lots, the slowdown in demand for parking due to thecompletion of redevelopment in certain areas, and the increase in personnel expenses due to an expansion ofemployees caused by business growth. In addition, the profit decreased by 5.5% year-on-year due to an
extraordinary loss of ¥ 43 million for the renovation of the payment machines at parking lots to accommodate
the new banknotes that will be launched in July 2024.
The results of each type of parking business are as follows.
(Leased parking Business)
During the first six months of the fiscal year, the number of newly developed leased parking was 165 lots with
3,814 spaces, while the number of closed leased parking was 70 lots with 924 spaces (net increase was 95 lotswith 2,890 spaces). The number of newly developed parking lots was approximately 3.5 times as many as thatof the same period of the previous year, including 8 parking lots with 804 spaces attached to facilities(excluding attached to convenience stores). As a result, a total of 2,107 lots with 32,874 spaces is available as ofMarch 31, 2024. The net sales of leased parking business was ¥ 6,345 million (up 10.0% year-on-year), andgross profit was ¥ 1,168 million (down 0.2% year-on-year).
(Owned parking Business)
During the first six months of the fiscal year, owned parking lots were developed in Sapporo City (2 lots with20 spaces), in Sendai City (6 spaces), in Niigata City (6 spaces), in Nagaoka City (3 spaces), in Suginami-ku,Tokyo (4 spaces), in Osaka City (3 spaces), in Kurashiki City (7 spaces). As a result, the number of newly
developed owned parking was 8 lots with 49 spaces. A total of 281 lots with 5,153 spaces is available as ofMarch 31, 2024. The net sales of owned parking business was ¥ 1,247 million (up 8.2% year-on-year), andgross profit was ¥ 1,017 million (up 8.5% year-on-year).
Furthermore, the Company acquired land for parking in Sapporo City (5 lots with 35 spaces), in Arakawa-ku,Tokyo (4 spaces), in Gifu City (17 spaces), in Osaka City (2 lots with 21 spaces) which is scheduled to beopened in the third quarter or later.
(Others)
During the first six months of the fiscal year, the net sales except for car parking business, including real estateleasing, vending machine, bike/bus/cycle parking, and solar power generation, was ¥ 279 million (up 7.3%year-on-year).
Sales results of each type of parking business for the current fiscal year are as follows.
Six months ended
Six months ended
Fiscal year ended
March 31, 2023
March 31, 2024
September 30, 2023
Types
Leased parking Business
Owned parking BusinessOthers
Total

Sales (Millions of yen)
5,769
1,153
260
7,182
-2-

Sales (Millions of yen)
6,345
1,247
279
7,872

Sales (Millions of yen)
11,8452,366
562
14,774

(2) Financial Position
Total assets at the end of the six months of the fiscal year under review increased by ¥ 2,700 million from theend of the previous fiscal year, to ¥ 42,525 million. It was mainly due to an increase in land (¥ 2,090 million),cash and deposits (¥ 223 million).
Total liabilities at the end of the six months of the fiscal year under review increased by ¥ 2,419 million, to¥ 24,137 million. It was mainly due to an increase in borrowings (¥ 2,325 million).
Total net assets at the end of the six months of the fiscal year under review increased by ¥ 280 million, to¥ 18,388 million. It was mainly due to an increase in retained earnings (¥ 194 million). As a result, the equity
ratio shifted to 43.1% from 45.4% at the end of the previous fiscal year.
<Cash Flows>
The cash and cash equivalents at the end of the six months of the fiscal year increased by ¥ 223 million fromthe end of the previous fiscal year, to ¥ 3,931 million. The main reasons were as follows.
(Cash flows from operating activities)
The cash and cash equivalents provided by operating activities decreased by ¥ 396 million from the same
period of the previous fiscal year, to ¥ 866 million. It was mainly due to the profit before income taxes (¥ 1,242million), depreciation (¥ 255 million), and income taxes paid (¥ 501 million).
(Cash flows from investing activities)
The cash and cash equivalents used in investing activities increased by ¥ 734 million from the same period of
the previous fiscal year, to ¥ 2,244 million. It was mainly due to purchase of property, plant and equipment(¥ 2,204 million).
(Cash flows from financing activities)
The cash and cash equivalents provided by financing activities was ¥ 1,600 million (previous fiscal year was anoutflow of ¥ 93 million). It was mainly due to proceeds from borrowings (¥ 3,861 million), repayments ofborrowings (¥ 1,535 million), repayments of lease obligations (¥ 143 million), and cash dividends paid (¥ 655million).
(3) Future Outlook
In Japan, business confidence is improving due to a recovery in consumer spending and the employmentenvironment, although prices are rising. In the parking industry, hourly parking lot is in short supply, especiallyin 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 ofparking 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. There are no revisions to thebusiness forecasts for the fiscal year ending September 30, 2024, which was announced on November 8, 2023.
*The forecasts are based on information available to the Company at this time, and include potential risks anduncertainties. Therefore, actual results may differ from the announced forecasts.

-3-2. Financial Statements and Notes(1) Balance Sheet(Millions of yen)

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Machinery and equipment, netLand
Leased assets, net
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
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

As of September 30, 2023

As of March 31, 2024

3,738
197
589
32
△04,558

3,961
229
69464
△04,949723
611
31,981
701
549
34,56851646
35,26639,824698
574
34,072900
610
36,85648
670
37,57642,525

336
－
2,260
586
47
792
4,024

380
192
2,567
471
37
744
4,393

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

18,517
719
44
322
138
19,74324,137-4-

(Millions of yen)
As of September 30, 2023
Net assets
Shareholders' equity
Share capital
1,854
Capital surplus
2,291
Retained earnings
14,312
Treasury shares△377
Total shareholders' equity
18,080
Valuation and translation adjustments
Valuationdifferenceonavailable-for-sale
6securities
Deferred gains or losses on hedges△18
Total valuation and translation adjustments△12Share acquisition rights
39
Total net assets
18,107
Total liabilities and net assets
39,824-5-

As of March 31, 2024

1,890
2,331
14,507△376
18,3527△13△540
18,38842,525

(2) Statement of Profit and Loss
(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on forfeiture of unclaimed dividends
Insurance claim incomeCommission income
Compensation income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Cost of new banknote support
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitSix months ended
March 31, 2023

Six months ended
March 31, 2024

7,182
4,926
2,256
822
1,433

7,872
5,525
2,347
938
1,408

0
0
001－
02000－－
21
4

107
0108
1,327

113
0114
1,299

9－
91,318417901

124356
1,242
391
851-6-(3) Statement of Cash Flows(Millions of yen)Six months ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
1,318
Depreciation
256
Increase (decrease) in provision for bonuses
2
Increase (decrease) in provision for shareholder△12benefit program
Increase (decrease) in provision for share awards 4Interest and dividend income△0Interest expenses
107
Loss on retirement of non-current assets
9Decrease (increase) in trade receivables△24Increase (decrease) in trade payables
30Decrease (increase) in other current assets△26
Increase (decrease) in other current liabilities
72
Other, net
35
Subtotal
1,774Interest and dividends received
0Interest paid
△107
Income taxes paid
△403
Net cash provided by (used in) operating activities 1,263
Cash flows from investing activities
Purchase of property, plant and equipment△1,490Purchase of intangible assets△8
Payments of leasehold and guarantee deposits△9
Other, net△1
Net cash provided by (used in) investing activities △1,509
Cash flows from financing activities
Proceeds from short-term borrowings
476
Repayments of short-term borrowings△317
Proceeds from long-term borrowings
1,586
Repayments of long-term borrowings△1,044
Proceeds from issuance of shares
1
Proceeds from disposal of treasury shares
0
Purchase of treasury shares－Repayments of lease liabilities△160
Dividends paid
△634
Net cash provided by (used in) financing activities △93
Net increase (decrease) in cash and cash△339
equivalents
Cash and cash equivalents at beginning of period 3,931
Cash and cash equivalents at end of period
3,591-7-Six months ended
March 31, 2024
1,242255△10－0△0113
12△3144△129△6246
1,4800△112△501866△2,204△0△8△30△2,244584△3923,277△1,143694△0△143△655
1,600
223
3,708
3,931

(4) Notes to Financial Statements(Notes on going concern assumption)
Not applicable.
(Notes on significant changes to shareholders’ equity)
Not applicable.
(Adoption of accounting treatment specific to the preparation of quarterly financial statements)
Calculation of tax expense
Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax effect accounting
against income before income taxes for the current fiscal year, including the second quarter ended March 31,
2024, and then multiplying income before income taxes for the six months with the said estimated effective taxrate.
(Changes in accounting policies)
Not applicable.
(Changes in accounting estimates)
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.

-8-