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.

August 3, 2022

Non-consolidated Financial Results
for the Nine Months Ended June 30, 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:+81-3-6841-0809Scheduled date to file quarterly securities report:
August 10, 2022
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 nine months ended June 30, 2022 (from October 1, 2021 toJune 30, 2022)(1) Non-consolidated operating results (cumulative)
Net sales
Nine months ended(% indicate year-on-year changes)

Operating profitOrdinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2022

9,534

8.0

1,648

25.3

1,494

29.0

1,031

48.3

June 30, 2021

8,826

△6.6

1,316

46.2

1,158

54.9

695

51.7

Profit per shareafter dilution

Profit per share
Nine months ended

Yen

Yen

June 30, 2022

103.26103.06

June 30, 2021

69.92

69.72

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

Equity ratio

Millions of yen

Millions of yen

June 30, 2022

36,711

16,49944.9

September 30, 2021

35,77815,998

44.7

Reference:

EquityAs of June 30, 2022:
As of September 30, 2021:¥16,471 million¥15,979 million%

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-end

Fiscal year ending
September 30, 2022
(Forecast)

Total

Yen

Yen

55.00

55.00

62.00

62.00

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

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 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: 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 June 30, 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 June 30, 2022

306,333 shares

As of September 30, 2021

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

Note:

Nine months ended June 30, 2022

9,986,774 shares

Nine months ended June 30, 2021

9,943,879 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 (249,655 shares as of June 30, 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 ························································································ 42. Quarterly Financial Statements and Notes ··············································································· 5(1) Quarterly balance sheet ································································································ 5(2) Quarterly statement of profit and loss ················································································ 7(3) Notes to Quarterly Financial Statements············································································· 8-1-1. Qualitative Information on Quarterly Results(1) Explanation of Business Performance
During the first nine months of the current fiscal year (October 1, 2021 to June 30, 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, butsales 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. However,the sales showed a recovery trend from March to June, due to a decrease of COVID-19 cases.
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 nine months of the fiscal year, the number of newly developed parking was 121 lotswith 2,830 spaces, while the number of closed parking was 83 lots with 836 spaces (net increase was 38 lotswith 1,994 spaces). Total of 2,079 lots with 32,190 spaces is available as of June 30, 2022. Due to the COVID19 spreading, the Company carefully selected newly developed parking lots and closed unprofitable parking
lots, and the number of parking lot in operation temporarily declined. However, the number of parking spaces
has recovered with the resumption of full-scale business activities, and exceeded the record (32,006 spaces) ofMarch 2022.
The following table shows changes in net sales and gross profit for the period from October 2021 to June 2022.

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%
April 2022

Net sales (Millions of yen)Comparison with FY2021
Comparison with FY2020
Comparison with FY2019
Gross profit (Millions of yen)
Gross profit margin

1,065
110.4%
133.6%
90.7%
296
27.8%

892
99.0%
81.1%
173
19.5%
May 2022
1,089
117.6%
136.2%
94.4%
331
30.4%

December 2021
1,139
110.9%
91.7%
375
32.9%
March 2022
1,099
104.6%
101.5%
304
27.7%
June 20221,124
114.0%
116.0%
96.2%
351
31.3%

As a result, in the first nine months of the fiscal year under review, the net sales was ¥ 9,534 million (up 8.0%year-on-year), operating profit was ¥ 1,648 million (up 25.3% year-on-year), ordinary profit was ¥ 1,494
million (up 29.0% year-on-year), and profit was ¥ 1,031 million (up 48.3% year-on-year).

-2-

The results by parking business types are as follows.
(Leased parking Business)
During the first nine months of the fiscal year, the number of newly developed leased parking was 111 lotswith 2,720 spaces, while the number of closed leased parking was 82 lots with 820 spaces (net increase was 29
lots with 1,900 spaces). As a result, total of 1,834 lots with 27,509 spaces is available as of June 30, 2022. The
net sales of leased parking business was ¥ 7,654 million (up 7.2% year-on-year), and gross profit was ¥ 1,408
million (up 18.1% year-on-year).
(Owned parking Business)
During the first nine months of the fiscal year, owned parking lots were developed in Sapporo City (4 spaces),in Ishinomaki City, Miyagi Prefecture (52 spaces), in Kita-ku, Tokyo (3 spaces), in Chuo-ku, Tokyo (6 spaces),in Tachikawa City (5 spaces), in Yokohama City (2 spaces), in Nagoya City (2 lots with 19 spaces), in Kyoto
City (6 spaces), and in Nagasaki City (7 spaces). And 4 parking spaces were added in Kofu City, by acquiring
land adjacent to an existing owned parking lot. On the other hand, the Company reviewed portfolio and sold aparking 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, and1 parking space was closed in Nagoya City due to layout changes. As a result, the number of newly developedowned parking was 10 lots with 110 spaces, while the number of closed owned parking was 1 lot with 16spaces. Total of 245 lots with 4,681 spaces is available as of June 30, 2022. The net sales of owned parking
business was ¥ 1,496 million (up 11.9% year-on-year), and gross profit was ¥ 1,195 million (up 14.6% year-onyear).
Furthermore, the Company acquired lands for parking in Gifu City (6 spaces) and in Ikeda City, Osaka
Prefecture (56 spaces), which are both scheduled to be opened in the fourth quarter or later.
(Others)
During the first nine 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 ¥ 383 million (up10.6% year-on-year).
Sales results by parking business types for the current fiscal year are as follows.

Types
Leased parking Business
Owned parking BusinessOthers
Total

Nine months ended
June 30, 2021

Nine months ended
June 30, 2022

Fiscal year ended
September 30, 2021

Sales (Millions of yen)
7,142
1,337
346
8,826

Sales (Millions of yen)
7,654
1,496
383
9,534

Sales (Millions of yen)
9,506
1,788
467
11,761-3-

(2) Explanation of Financial Condition
Total assets at the end of the nine month the fiscal year under review increased ¥ 932 million from the end of
the previous fiscal year, to ¥ 36,711 million. It was mainly due to an increase in land (¥ 1,266 million) and adecrease in cash and deposits (¥ 273 million).
Total liabilities at the end of the nine month the fiscal year under review increased ¥ 431 million, to ¥ 20,211
million. It was mainly due to an increase in borrowings (¥ 866 million) and a decrease in income taxes payable(¥ 199 million).
Total net assets at the end of the nine month the fiscal year under review increased ¥ 500 million, to ¥ 16,499
million. It was mainly due to an increase in retained earnings (¥ 468 million). As a result, the equity ratio
increased to 44.9% from 44.7% at the end of the previous fiscal year.
(3) Explanation of Future Outlook
In Japan, the seventh 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 andeconomic activities in the post-COVID-19 world are being explored. In addition, discussion is starting tosuggest that the treatment of COVID-19 under the law should be reviewed and changed to “category 5equivalent”.
In this environment, the Company will continue to conduct sales activities while taking into consideration theprofitability 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, 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
Provision for shareholder benefit program
OtherTotal 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 June 30, 2022

4,182
129
499
21
△04,832

3,909
160
530
35
△04,636534
761
27,514935
541
30,28812645
30,94535,778712
705
28,781759
469
31,4289636
32,07436,711

240
－
1,780
446
32
25
724
3,249

286
253
1,916
246
19－
652
3,375

15,393
637
38
285
175
16,53019,77915,86949839289
138
16,835
20,211

(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 June 30, 2022

1,839
2,272
12,296△379
16,0291,839
2,275
12,765△379
16,50176△57△50
1915,99835,778△36△2928
16,49936,711

(2) Quarterly statement of profit and loss
(Millions of yen)
Nine 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
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes
Profit-7-

Nine months ended
March 31, 2022

8,826
6,399
2,427
1,111
1,316

9,534
6,752
2,782
1,134
1,648

0
0
10
12
1
7

0
0
00－－0
1

160
5
165
1,158

154
0155
1,494－
7729－
2920112
132
1,033
338
695

9－
91,515484
1,031

(3) 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 third quarter ended June 30, 2022,
and then multiplying income before income taxes for the nine 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 third 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.

-8-