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 10, 2023

Non-consolidated Financial Results
for the Six Months Ended March 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 Headquarters
Telephone:+81-3-6841-0809
Scheduled date to file quarterly securities report:
May 15, 2023
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, 2023 (from October 1, 2022 toMarch 31, 2023)(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, 2023

7,182

14.8

1,433

35.2

1,327

38.8

901

35.4

March 31, 2022

6,256

5.2

1,060

19.9

956

22.7

665

28.2

Profit per shareafter dilution

Profit per share
Six months ended

Yen

Yen

March 31, 2023

90.11

89.50

March 31, 2022

66.66

66.59

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

Equity ratio

Millions of yen

Millions of yen

March 31, 2023

38,694

17,171

44.3

September 30, 2022

37,671

16,886

44.7

Reference:

EquityAs of March 31, 2023:
As of September 30, 2022:¥17,135 million¥16,856 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
September 30, 2022
Fiscal year ending
September 30, 2023

―

0.00

―

0.00

Fiscal year ending
September 30, 2023
(Forecast)Fiscal year-end

Total

Yen

Yen

―

62.00

62.00

―

64.00

64.00

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

3. Business Forecasts for the fiscal year ending September 30, 2023 (from October 1, 2022 to September 30,2023)(Percentages indicate year-on-year changes)
Net sales

Full year
Note:

Operating profit

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

14,400

11.0

2,710

20.3

2,480

21.6

Revisions to the forecast of financial results most recently announced: Yes

Millions of yen

Profit per share%yen

1,700 21.9

169.99

* 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, 2023

10,305,600 shares

As of September 30, 2022

10,304,600 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2023

304,178 shares

As of September 30, 2022

305,633 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)

Note:

Six months ended March 31, 2023

9,999,578 shares

Six months ended March 31, 2022

9,986,023 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 (248,900 shares as of March 31, 2023 and 249,655 shares as ofSeptember 30, 2022).

* 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) 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, 2022 to March 31, 2023), Japanese economy
is getting closer 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 quarter increased 14.8% from the same period of 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 first six months of the fiscal year, the number of newly developed parking was 106 lotswith 1,351 spaces, while the number of closed parking was 46 lots with 623 spaces (net increase was 60 lotswith 728 spaces). Total of 2,179 lots with 33,580 spaces is available as of March 31, 2023.
As a result, in the first six months of the fiscal year under review, the net sales was ¥ 7,182 million (up 14.8%year-on-year), operating profit was ¥ 1,433 million (up 35.2% year-on-year), ordinary profit was ¥ 1,327
million (up 38.8% year-on-year), and profit was ¥ 901 million (up 35.4% year-on-year).
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 97 lots with
1,103 spaces, while the number of closed leased parking was 46 lots with 623 spaces (net increase was 51 lotswith 480 spaces). As a result, total of 1,918 lots with 28,570 spaces is available as of March 31, 2023. The net
sales of leased parking business was ¥ 5,769 million (up 14.7% year-on-year), and gross profit was ¥ 1,171
million (up 26.3% year-on-year).
(Owned parking Business)
During the first six months of the fiscal year, owned parking lots were developed in Sapporo City (8 spaces),in Akita City (39 spaces), in Takasaki City (24 spaces), in Koto-ku, Tokyo (2 spaces), in Kyoto City (2 spaces),in Osaka City (3 lots with 166 spaces) and in Fukuoka City (7 spaces). As a result, the number of newly
developed owned parking was 9 lots with 248 spaces. Total of 261 lots with 5,010 spaces is available as ofMarch 31, 2023. The net sales of owned parking business was ¥ 1,153 million (up 17.8% year-on-year), andgross profit was ¥ 937 million (up 20.5% year-on-year).
Furthermore, the Company acquired land for parking in Hakodate City (2 lots with 14 spaces), in Yokohama
City (4 spaces), and in Osaka City (16 spaces), which are 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 ¥ 260 million (up 4.7%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

Six months ended
March 31, 2022

Six months ended
March 31, 2023Fiscal year ended
September 30, 2022

Sales (Millions of yen)
5,028
978248
6,256

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

Sales (Millions of yen)
10,413
2,036
524
12,974-2-(2) Financial Position
Total assets at the end of the six month the fiscal year under review increased by ¥ 1,023 million from the endof the previous fiscal year, to ¥ 38,694 million. It was mainly due to an increase in land (¥ 1,368 million) and adecrease in cash and deposits (¥ 339 million).
Total liabilities at the end of the six month the fiscal year under review increased by ¥ 739 million, to ¥ 21,523
million. It was mainly due to an increase in borrowings (¥ 700 million).
Total net assets at the end of the six month the fiscal year under review increased by ¥ 284 million, to ¥ 17,171
million. It was mainly due to an increase in retained earnings (¥ 265 million). As a result, the equity ratio
shifted to 44.3% 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 ¥ 339 million from the endof the previous fiscal year, to ¥ 3,591 million. The main reasons were as follows.
(Cash flows from operating activities)
The cash and cash equivalents provided by operating activities increased ¥ 452 million from the same periodof the previous fiscal year, to ¥ 1,263 million. It was mainly due to the profit before income taxes (¥ 1,318million), depreciation (¥ 256 million), and income taxes paid (¥ 403 million).
(Cash flows from investing activities)
The cash and cash equivalents used in investing activities increased ¥ 898 million from the same period of theprevious fiscal year, to ¥ 1,509 million. It was mainly due to purchase of property, plant and equipment (¥ 1,490million).
(Cash flows from financing activities)
The cash and cash equivalents used in financing activities decreased ¥ 430 million from the same period of theprevious fiscal year, to ¥ 93 million. It was mainly due to proceeds from borrowings (¥ 2,062 million),
repayments of borrowings (¥ 1,361 million), repayments of lease obligations (¥ 160 million), and cash
dividends paid (¥ 634 million).
(3) 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.
In this environment, the Company will continue to conduct aggressive sales activities, and will also makeefforts to improve the profitability of existing parking lots by setting flexible rate changes. In addition, theCompany aims to expand its business and base earnings by taking advantage of business alliances with major
real estate developers and real estate brokerage firms. And, the Company will focus on acquiring land forparking lots and aim to expand the Company’s business and base earnings, while taking into consideration
demographic trends and other indicators.
The Company expects parking lot sales to remain steady in the future. As for the business forecasts for thefiscal year ending September 30, 2023, the Company revised upward net sales forecast to ¥ 14.4 billion,
operating profit to ¥ 2.71 billion, ordinary profit to ¥ 2.48 billion, and profit to ¥ 1.7 billion, considering theactual result for the first six months of the current fiscal year.
*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, 2022
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Prepaid expenses
OtherAllowance for doubtful accountsTotal 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 liabilities
Provision for share awards
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities-4-

As of March 31, 2023

3,961
167
553
39
△04,721

3,621
192
580
39
△04,433

702
686
29,781724
386
32,2819659
32,94937,671727
649
31,149652
403
33,582
16
662
34,261
38,694

296
－
1,992
476
39
12
681
3,498

327
158
2,103
493
42－
709
3,834

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

16,777
434
42296
138
17,68921,523

(Millions of yen)
As of September 30, 2022
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-

As of March 31, 2023

1,847
2,284
13,128△378
16,882

1,848
2,286
13,394△377
17,15268△32△2630
16,88637,671△24△1635
17,171
38,694

(2) Statement of Profit and Loss
(Millions of yen)Six months ended
March 31, 2022
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
Commission 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
Total extraordinary losses
Profit before income taxes
Income taxes
Profit-6-

Six months ended
March 31, 2023
6,256
4,452
1,803
743
1,060

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

0000－
0
10000
10
2

1040
104
956

107
0
108
1,327

29
29－－

88
978312
665

991,318417
901

(3) Statement of Cash Flows(Millions of yen)Six months ended
March 31, 2022
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
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
Net cash provided by (used in) financing
activities
Net increase (decrease) in cash and cash
equivalentsCash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-7-

Six months ended
March 31, 2023
978287
11,318256
2△25△1214△0104
8△29△4139△39212
1,2980△104△382△0107
9－△2430△2672
35
1,774
0△107
△403

811

1,263

△812

△1,490213－△1△110△8△9△1△610△1,509

446
△297
1,157
△1,077－
2△191
△562

476
△317
1,586
△1,04410△160△634△523△93△322

△339

4,152
3,830

3,931
3,591

(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,
2023, and then multiplying income before income taxes for the three months with the said estimated effective
tax 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.

-8-