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 11, 2022

Non-consolidated Financial Results
for the Six Months Ended March 31, 2022
(Under Japanese GAAP)
Company name:
Paraca Inc.
Listing:
Tokyo Stock Exchange
Securities code:
4809
URL:
https://www.paraca.co.jp/
Representative:
Ryo Naito, Representative Director
Inquiries:
Masako Abe, Executive Officer General Manager of Administration Headquarters
Telephone:+81-3-6841-0809
Scheduled date to file quarterly securities report:
May 13, 2022
Scheduled date to commence dividend payments:―
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted)

1. Non-consolidated financial results for the six months ended March 31, 2022 (from October 1, 2021 toMarch 31, 2022)(1) Non-consolidated operating results (cumulative)
Net sales(% 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, 2022

6,256

5.2

1,060

19.9

956

22.7

665

28.2

March 31, 2021

5,948 △13.5

884 △10.9

779 △12.6

Profit per shareafter dilution

Profit per share
Six months ended

Yen

Yen

March 31, 2022

66.66

66.59

March 31, 2021

52.24

52.06

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

Net assets

Equity ratio

Millions of yen

Millions of yen

March 31, 2022

35,955

16,12144.8

September 30, 2021

35,77815,99844.7

Reference:

EquityAs of March 31, 2022:
As of September 30, 2021:¥16,096 million¥15,979 million%

519 △13.6

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
September 30, 2021
Fiscal year ending
September 30, 2022

―

0.00

―

0.00

Fiscal year ending
September 30, 2022
(Forecast)Fiscal year-end

Total

Yen

Yen

―

55.00

55.00

―

62.00

62.00

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

3. Forecast for the fiscal year ending September 30, 2022 (from October 1, 2021 to September 30, 2022)(% indicate year-on-year changes)
Net sales

Full year
Note:

Operating profit

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

12,400

5.4

1,960

9.7

1,750

11.1

Revisions to the forecast of financial results most recently announced: None

Millions of yen

Profit per share%yen

1,180 20.8

118.15

* Notes(1) Adoption of accounting treatment specific to the preparation of quarterly financial statements: Yes
Note: As for details, refer to page 9 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: Yes(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, 2022

10,294,600 shares

As of September 30, 2021

10,294,600 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2022

306,285 shares

As of September 30, 2021

309,285 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)

Note:

Six months ended March 31, 2022

9,986,023 shares

Six months ended March 31, 2021

9,938,705 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 (249,655 shares as of March 31, 2022 and 249,655 shares as of
September 30, 2021).

* 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)Explanation of Future Outlook” on page 4 of the attached materials.

Attached Materials
Index
1. Qualitative Information on Quarterly Results ··········································································· 2(1) Explanation of Business Performance ··············································································· 2(2) Explanation of Financial Condition ·················································································· 4(3) Explanation of Future Outlook ························································································ 4
2. Quarterly Financial Statements and Notes ··············································································· 5(1) Quarterly balance sheet ································································································ 5(2) Quarterly statement of profit and loss ················································································ 7(3) Quarterly statement of cash flows ···················································································· 8(4) Notes to Quarterly Financial Statements············································································· 9-1-1. Qualitative Information on Quarterly Results(1) Explanation of Business Performance
During the first six months of the current fiscal year (October 1, 2021 to March 31, 2022), the Japanese
economy showed signs of recovery as the number of COVID-19 cases declined from October to December
2021. However, business confidence worsened again, due to the rapid increase of Omicron variant cases fromJanuary 2022 and the growing trend toward voluntary restraints in various economic activities. Although
COVID-19 cases peaked in early February 2022 and shifted to a gradual downward trend, the social andeconomic outlook remained uncertain.
From October to December 2021, the sales of parking industry have shown signs of recovery nationwide, but
sales from January 2022 have been affected by spreading of the Omicron variant. Especially, there was a record
snowfall in Sapporo, and sales in February 2022 was lower than in the same month of previous year.
Under these circumstances, the Company focused on improving profitability by developing new parking lots
and setting flexible rate changes at existing parking lots, while taking into consideration the profitability in
COVID-19 pandemic situation.
Overall, during the first six months of the fiscal year, the number of newly developed parking was 73 lots with
1,866 spaces, while the number of closed parking was 59 lots with 599 spaces (net increase was 14 lots with
1,267 spaces). Total of 2,055 lots with 31,463 spaces is available as of March 31, 2022.
The following table shows changes in net sales and gross profit for the period from October 2021 to March2022.

Net sales (Millions of yen)Comparison with FY2021
Comparison with FY2020
Gross profit (Millions of yen)
Gross profit margin

Net sales (Millions of yen)Comparison with FY2021
Comparison with FY2020
Gross profit (Millions of yen)
Gross profit margin

October 2021
1,065
101.1%
92.9%
338
31.7%

November 2021
1,070
106.4%
92.1%
347
32.5%

January 2022

February 2022

988
108.8%
86.6%
263
26.7%

892
99.0%
81.1%
173
19.5%

December 2021
1,139
110.9%
91.7%
375
32.9%
March 2022
1,099
104.6%
101.5%
304
27.7%

As a result, in the first six months of the fiscal year under review, the net sales was ¥ 6,256 million (up 5.2%
year-on-year), operating profit was ¥ 1,060 million (up 19.9% year-on-year), ordinary profit was ¥ 956 million(up 22.7% year-on-year), and profit was ¥ 665 million (up 28.2% year-on-year).

-2-

The results by parking business types are as follows.
(Leased parking Business)
During the first six months of the fiscal year, the number of newly developed leased parking was 68 lots with
1,833 spaces, while the number of closed leased parking was 58 lots with 583 spaces (net increase was 10 lotswith 1,250 spaces). As a result, total of 1,815 lots with 26,859 spaces is available as of March 31, 2022. The net
sales of leased parking business was ¥ 5,028 million (up 4.3% year-on-year), and gross profit was ¥ 927 million(up 13.8% year-on-year).
(Owned parking Business)
During the first six months of the fiscal year, owned parking lots were developed in Nagasaki City (7 spaces),in Yokohama City (2 spaces), in Nagoya City (13 spaces), in Kita-ku, Tokyo (3 spaces), and in Kyoto City (6spaces). On the other hand, the Company reviewed portfolio and sold a parking land in Kamakura City,
Kanagawa Prefecture (15 spaces), and the gain from this sale of fixed asset was ¥ 29 million. Moreover,additional 2 parking spaces were developed in Koshigaya City, Saitama Prefecture, and 1 parking space wasclosed in Nagoya City due to layout changes. As a result, the number of newly developed owned parking was 5
lots with 33 spaces, while the number of closed owned parking was 1 lot with 16 spaces. Total of 240 lots with
4,604 spaces is available as of March 31, 2022. The net sales of owned parking business was ¥ 978 million (up7.9% year-on-year), and gross profit was ¥ 778 million (up 9.7% year-on-year).
Furthermore, the Company acquired lands for parking in Sapporo City (4 spaces) and in Tachikawa City (5spaces), which are both scheduled to be opened 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 ¥ 248 million (up 13.8%
year-on-year).
Sales results by parking business types for the current fiscal year are as follows.
Six months ended March Six months ended March
31, 2021
31, 2022
Types
Leased parking Business
Owned parking Business
Others
Total

Sales (Millions of yen)
4,822
907
218
5,948

-3-

Sales (Millions of yen)
5,028
978
248
6,256

Fiscal year ended
September 30, 2021
Sales (Millions of yen)
9,506
1,788
467
11,761

(2) Explanation of Financial Condition
Total assets at the end of the six month the fiscal year under review increased ¥ 177 million from the end of
the previous fiscal year, to ¥ 35,955 million. It was mainly due to an increase in land (¥ 490 million) and adecrease in cash and deposits (¥ 322 million).
Total liabilities at the end of the six month the fiscal year under review increased ¥ 55 million, to ¥ 19,834
million. It was mainly due to an increase in borrowings (¥ 227 million).
Total net assets at the end of the six month the fiscal year under review increased ¥ 122 million, to ¥ 16,121
million. It was mainly due to an increase in retained earnings (¥ 102 million). As a result, the equity ratio
increased to 44.8% from 44.7% at the end of the previous fiscal year.
<Cash Flows>
The cash and cash equivalents at the end of the six month the fiscal year decreased ¥ 322 million from the endof the previous fiscal year, to ¥ 3,830 million. The main reasons were as follows.
(Cash flows from operating activities)
The cash and cash equivalents provided by operating activities decreased ¥ 620 million from the same periodof the previous fiscal year, to ¥ 811 million. It was mainly due to the profit before income taxes (¥ 978 million),
depreciation (¥ 287 million), and income taxes paid (¥ 382 million).
(Cash flows from investing activities)
The cash and cash equivalents used in investing activities increased ¥ 10 million from the same period of theprevious fiscal year, to ¥ 610 million. It was mainly due to purchase of property, plant and equipment (¥ 812
million) and proceeds from sales of property, plant and equipment (¥ 213 million).
(Cash flows from financing activities)
The cash and cash equivalents used in financing activities decreased ¥ 506 million from the same period of theprevious fiscal year, to ¥ 523 million. It was mainly due to proceeds from borrowings (¥ 1,603 million),
repayments of borrowings (¥ 1,375 million), repayments of lease obligations (¥ 191 million), and cash
dividends paid (¥ 562 million).
(3) Explanation of Future Outlook
In Japan, the sixth wave of COVID-19 Omicron variant has been still ongoing, but Omicron variant seems to
be attenuated compared to the COVID-19 Alpha and Delta variants, thus normalization of social and economic
activities in the post-COVID-19 world are being explored. In addition, discussion is starting to suggest that thetreatment of COVID-19 under the law should be reviewed and changed to “category 5 equivalent”.
In this environment, the Company will continue to conduct sales activities while taking into consideration the
profitability of newly developed parking lots in the event of the spread of infection, and will also make efforts
to improve the profitability of existing parking lots by setting flexible rate changes. In addition, the Company
aims to expand its business and base earnings by taking advantage of business alliances with major real estatedevelopers and real estate brokerage firms. The Company will focus on acquiring lands for its parking lots inareas where the decline in sales is small even in the COVID-19 disaster, while taking into consideration
demographic trends and other indicators.
There are no revisions to the earnings forecast for the fiscal year ending September 30, 2022, which wasannounced on November 5, 2021.
*This explanation is based on information available to the Company at this time, and include potential risks anduncertainties. Due to these effects, actual results may differ from the announced forecasts.

-4-

2. Quarterly Financial Statements and Notes(1) Quarterly balance sheet(Millions of yen)
As of September 30, 2021
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 payable
Provision for bonuses
Provision for shareholder benefit program
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Provision for share awards
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities-5-

As of March 31, 2022

4,182
129
499
21
△0
4,832

3,860
170
525
35
△0
4,590

534
761
27,514935
541
30,28812645
30,94535,778722
724
28,005815
446
30,71311640
31,36435,955

240
－
1,780
446
32
25
724
3,249

280
148
1,837
378
34
－
718
3,397

15,393
637
38
285
175
16,53019,77915,415
542
39
288
151
16,437
19,834

(Millions of yen)
As of September 30, 2021
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-6-

As of March 31, 2022

1,839
2,272
12,296△379
16,0291,839
2,275
12,399△379
16,135

7

5

△57
△50
19
15,99835,778△44△38
24
16,12135,955

(2) Quarterly statement of profit and loss
(Millions of yen)Six months ended
March 31, 2021
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 income
Interest on tax refund
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
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
Profit-7-

Six months ended
March 31, 2022
5,948
4,309
1,639
754
884

6,256
4,452
1,803
743
1,060

0
0
1
0
1
2
1
7

0
0
0
0
－
－
0
1

107
5
112
779

104
0
104
956

－
7
7

29
－
29

16
16
771
251
519

8
8
978
312
665

(3) Quarterly statement of cash flows(Millions of yen)Six months ended
March 31, 2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Increase (decrease) in provision forshareholder benefit program
Increase (decrease) in provision for shareawardsInterest and dividend income
Interest expenses
Loss on retirement of non-current assets
Loss (gain) on sale of non-current assets
Decrease (increase) in trade receivables
Increase (decrease) in trade payables
Decrease (increase) in other current assets
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
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 obligations
Dividends paid
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-8-

Six months ended
March 31, 2022
771
307
3

978
287
1

△18

△25

△2

1

△0
107
16
－
△4
37
40
96
4
1,358
0
△106
△5
185

△0
104
8
△29
△41
39
△39
2
12
1,298
0
△104
△382
－

1,431

811

△552

△812

－

213

△48
△5
7

△1
△11
0

△599

△610

－
△204
836
△898
1
11
△217
△559

446
△297
1,157
△1,077
－
2
△191
△562

△1,029

△523

△197

△322

4,470
4,272

4,152
3,830

(4) Notes to Quarterly 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,
2022, and then multiplying income before income taxes for the six months with the said estimated effective tax
rate.
(Changes in accounting policies)(Application of Accounting Standard for Revenue Recognition)
The Company has adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29
dated March 31, 2020) and other relevant standards from the beginning of the first quarter of the current
fiscal period. Under the new accounting policy, revenue is recognized as the amount expected to be received
in exchange for promised goods or services when the control of such goods or services is transferred to thecustomer.
In accordance with the transitional treatment stipulated in the proviso of Article 84 of the “AccountingStandard for Revenue Recognition”, retained earnings as of the beginning of the first quarter of the current
fiscal period has been adjusted to reflect the cumulative effects of retrospectively applying the new
accounting policy to periods prior to the beginning of the first quarter of the current fiscal period, and the
new accounting policy is applied from the said balance.
The impact of this change on the current second quarter financial statements is negligible.
(Changes in accounting estimates)
Not applicable.
(Segment information)
The segment information has been omitted, as the Company has a single segment related to the parking lot
development, operation and management business.

-9-