Code	Sector	Market
319A	Metal Products	Growth

Date of listing approval	2025/01/06
Expected Date	2025/02/05
Lead Underwriter	SBI SECURITIES Co.,Ltd.
Description

Listed Shares(total)	1,673,200
Trading Unit	100
New Shares	745,000
Existing Shares	928,200（incl. O.A.）
Shares Outstanding	PreIPO 7,882,778.00
	PostIPO 8,627,778.00
Paid Up Capital	PreIPO Y55,125,000
	PostIPO Y740,525,000
Expected Pricing Date	2025/01/21
Book Building Start	2025/01/22
Book Building End	2025/01/27
Fix Date	2025/01/28
Offering Starts	2025/01/29
Offering Ends	2025/02/03
Expect Pricing	Y1,850-Y2,000
Notional PER (based on previous period)	8.96-9.69
Notional PER(based on results forecast)	16.96-18.34
Offering Price	Y2,000
Offering Price PER (based on previous period)	16.96-18.34
Offering Price PBR (based on previous period)	5.52
Offering Price PER (based on results forecast)	18.34
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	-	62,000
Current Profit	-	1,000
Net Profit	-	0
Net Assets	-	214,000

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	6,804,000	204,000
Current Profit	541,000	29,000
Net Profit	148,000	20,000
Net Assets	1,323,000	293,000

Fiscal Year End:2023/12
	Consolidated	Non-consolidated
Revenue	9,327,000	265,000
Current Profit	926,000	56,000
Net Profit	1,613,000	37,000
Net Assets	3,113,000	370,000

Recent Quarter 2024/06
	Consolidated	Non-consolidated
Revenue	5,373,000	-
Current Profit	811,000	-
Net Profit	641,000	-
Net Assets	3,734,000	-

Results Forecast 2024/12
	Consolidated	Non-consolidated
Revenue	11,000,000	-
Current Profit	1,500,000	-
Net Profit	860,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	0.03	7.78

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	19.03	149.94
Equity	2.51	17.84

Fiscal Year End:2023/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	206.49	362.59
Equity	4.69	27.43

Fiscal Year End:Interim Results 2024/06
	Consolidated	Non-consolidated
Dividend
Net Earning	81.28	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	109.08	-
Equity	-	-

■Over allotment(218,200）

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
98%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	J Trust Global Securities Co., Ltd.	03-4560-0200
0.25%	AIZAWA SECURITIES GROUP CO., LTD	03-3272-3118
0.25%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.25%	Matsui Securities Co., Ltd	03-5216-0606
0.25%	Musashi Securities Co.,Ltd	048-644-0634