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.

February 7, 2024

Non-consolidated Financial Results
for the Three Months Ended December 31, 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 to file quarterly securities report:
February 14, 2024
Scheduled date to commence dividend payments:―
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted)

1. Non-consolidated financial results for the three months ended December 31, 2023 (from October 1, 2023
to December 31, 2023)(1) Non-consolidated operating results (cumulative)
Net sales(Percentages indicate year-on-year changes)

Operating profit

Ordinary profit

ProfitThree months ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

December 31, 2023

3,976

9.3

781

0.4

728

0.4

485

△ 1.6

December 31, 2022

3,638

11.1

778

13.5

725

14.8

492

10.2

Profit per shareafter dilution

Profit per share
Three months ended

Yen

Yen

December 31, 2023

48.48

48.13

December 31, 2022

49.29

49.00

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

Equity ratio

Millions of yen

Millions of yen

December 31, 2023

40,447

17,94044.3

September 30, 2023

39,824

18,10745.4

Reference:

EquityAs of December 31, 2023:
As of September 30, 2023:¥17,898 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

Fiscal year-end

Total

Yen

Yen

0.00

―

64.00

64.00

0.00

―

64.00

64.00

―

Fiscal year ending
September 30, 2024
(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None3. 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

1.090.94

Full year

15,900

7.6

3,120

6.3

2,870

5.8

1,850

1.7

184.87

Note:

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 7 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 December 31, 2023

10,311,100 shares

As of September 30, 2023

10,311,100 shares(ii) Number of treasury shares at the end of the period
As of December 31, 2023

304,146 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:

Three months ended December 31, 2023

10,006,942 shares

Three months ended December 31, 2022

9,999,074 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 (248,865 shares as of December 31, 2023 and 248,900 shares as ofSeptember 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 ·········································································································· 3
2. Financial Statements and Notes ··························································································· 4(1) Balance Sheet ············································································································ 4(2) Statement of Profit and Loss ·························································································· 6(3) Notes to Financial Statements ························································································· 7-1-

1. Overview of Operating Results, etc.
(1) Operating Results
During the first three months of the current fiscal year (October 1, 2023 to December 31, 2023), the Japanese
economy continues to recover despite the impact of price rise, and has been on a moderate improving trend incapital 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 three months of the fiscal year, the number of newly developed parking was 111 lotswith 2,012 spaces, while the number of closed parking was 30 lots with 407 spaces (net increase was 81 lotswith 1,605 spaces). Total of 2,366 lots with 36,693 spaces is available as of December 31, 2023.
As a result, in the first three months of the fiscal year under review, the net sales was ¥ 3,976 million (up 9.3%year-on-year), operating profit was ¥ 781 million (up 0.4% year-on-year), ordinary profit was ¥ 728 million (up0.4% year-on-year), and profit was ¥ 485 million (down 1.6% year-on-year).
During the first three months of the fiscal year, sales increased by 9.3% year-on-year due to the newly
developed parking lots, including large parking lots attached to facilities. However, operating profit was not somuch higher than that of the same period of the previous year, due to the start-up expenses for new parking lots.
In addition, the profit was decreased slightly from the same period of the previous year due to an extraordinary
loss of ¥ 14 million for the renovation of the payment machines at parking lots to accommodate the newbanknotes that will be launched in July 2024.
The results of each type of parking business are as follows.
(Leased parking Business)
During the first three months of the fiscal year, the number of newly developed leased parking was 106 lotswith 1,976 spaces, while the number of closed leased parking was 30 lots with 407 spaces (net increase was 76
lots with 1,569 spaces). The number of newly developed parking lots was approximately 2.8 times as many asthat of the same period of the previous year, including 6 parking lots with 354 spaces attached to facilities(excluding attached to convenience stores). As a result, total of 2,088 lots with 31,553 spaces is available as ofDecember 31, 2023. The net sales of leased parking business was ¥ 3,195 million (up 9.4% year-on-year), andgross profit was ¥ 641 million (up 2.0% year-on-year).
(Owned parking Business)
During the first three months of the fiscal year, owned parking lots were developed in Sapporo City (2 lotswith 20 spaces), in Sendai City (6 spaces), in Nagaoka City (3 spaces), in Kurashiki City (7 spaces). As a result,the number of newly developed owned parking was 5 lots with 36 spaces. Total of 278 lots with 5,140 spaces isavailable as of December 31, 2023. The net sales of owned parking business was ¥ 636 million (up 9.1% yearon-year), and gross profit was ¥ 520 million (up 8.2% year-on-year).
Furthermore, the Company acquired land for parking in Suginami-ku, Tokyo (4 spaces) which is scheduled to
be opened in the second quarter or later.
(Others)
During the first three months of the fiscal year, the net sales except for car parking business, including realestate leasing, vending machine, bike/bus/cycle parking, and solar power generation, was ¥ 145 million (up7.4% year-on-year).
Sales results of each type of parking business for the current fiscal year are as follows.

Types
Leased parking Business
Owned parking Business
Others
Total

Three months ended
December 31, 2022

Three months ended
December 31, 2023

Fiscal year ended
September 30, 2023

Sales (Millions of yen)
2,920
583
135
3,638

Sales (Millions of yen)
3,195
636
145
3,976

Sales (Millions of yen)
11,8452,366
562
14,774-2-

(2) Financial Position
Total assets at the end of the three month the fiscal year under review increased by ¥ 622 million from the endof the previous fiscal year, to ¥ 40,447 million. It was mainly due to an increase in land (¥ 324 million), cash
and deposits (¥ 106 million).
Total liabilities at the end of the three month the fiscal year under review increased by ¥ 789 million, to¥ 22,506 million. It was mainly due to an increase in borrowings (¥ 953 million) and a decrease in income taxes
payable (¥ 323 million).
Total net assets at the end of the three month the fiscal year under review decreased by ¥ 166 million, to¥ 17,940 million. It was mainly due to cash dividends paid (¥ 656 million). As a result, the equity ratio shiftedto 44.3% from 45.4% at the end of the previous fiscal year.
(3) Future Outlook
In Japan, business confidence is improving due to a recovery in consumer spending and the employment
environment, 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)
As of September 30, 2023

As of December 31, 2023

3,738
197
589
32
△04,558

3,844
210
635
46
△04,737

723
611
31,981
701
549
34,56851646
35,26639,824711
593
32,306787
616
35,01450
645
35,71040,447336－2,260
586
47
792
4,024

367
486
2,397
263
19
846
4,381

16,690
511
44
311
134
17,693
21,71717,021604
43318
138
18,12522,506

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, net
Land
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 payableProvision 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-4-

(Millions of yen)
As of September 30, 2023

As of December 31, 2023

1,854
2,291
14,312△377
18,0801,854
2,291
14,141△377
17,909

66

△18
△1239
18,10739,824△17△1042
17,94040,447

Net assets
Shareholders' equity
Share capital
Capital surplus
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-5-(2) Statement of Profit and Loss
(Millions of yen)Three months ended
December 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Insurance claim income
Compensation income
OtherTotal non-operating income
Non-operating expensesInterest 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
Profit-6-

Three months ended
December 31, 2023

3,638
2,448
1,190
412
778

3,976
2,728
1,247
466
781

000－
0000－
20
3

53
0
53
725

55
056
728

4－
4
720
227
492

6
1420707
222
485

(3) 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 first quarter ended December 31,2023, and then multiplying income before income taxes for the three months with the said estimated effectivetax rate.
(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.

-7-