A path loss prediction formula for IoT (Internet of Things) wireless communication close to ceiling beams in the 920MHz band is presented. In first step of our investigation, we conduct simulations using the FDTD (Finite Difference Time Domain) method and propagation tests close to a beam on the ceiling of a concrete building. In the second step, we derive a path loss prediction formula from the simulation results by using the FDTD method, by dividing into three regions of LoS (line-of-sight) situation, situation in the vicinity of the beam, and NLoS (non-line-of-sight) situation, depending on the positional relationship between the beam and transmitter (Tx) and receiver (Rx) antennas. For each condition, the prediction formula is expressed by a relatively simple form as a function of height of the antennas with respect to the beam bottom. Thus, the prediction formula is very useful for the wireless site planning for the IoT wireless devices set close to concrete beam ceiling.