Code	Sector	Market
5016	Non-ferrous Metals	Prime

Date of listing approval	2025/02/14
Expected Date	2025/03/19
Lead Underwriter	Daiwa Securities Co. Ltd
Description

Listed Shares(total)	534,934,100
Trading Unit	100
New Shares	0
Existing Shares	534,934,100（incl. O.A.）
Shares Outstanding	PreIPO 928,463,102.00
	PostIPO 928,463,102.00
Paid Up Capital	PreIPO Y75,000,000,000
	PostIPO Y75,000,000,000
Expected Pricing Date	2025/03/02
Book Building Start	2025/03/03
Book Building End	2025/03/07
Fix Date	2025/03/10
Offering Starts	2025/03/11
Offering Ends	2025/03/14
Expect Pricing	Y810-Y820
Notional PER (based on previous period)	7.33-7.42
Notional PER(based on results forecast)	13.85-14.02
Offering Price	Y820
Offering Price PER (based on previous period)	13.85-14.02
Offering Price PBR (based on previous period)	1.21
Offering Price PER (based on results forecast)	14.02
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	302,528,000
Current Profit	-	72,192,000
Net Profit	-	56,926,000
Net Assets	-	379,610,000

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	1,638,484,000	319,941,000
Current Profit	63,327,000	72,156,000
Net Profit	36,930,000	-7,260,000
Net Assets	492,093,000	343,911,000

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Revenue	1,512,345,000	291,395,000
Current Profit	78,714,000	115,437,000
Net Profit	102,624,000	141,602,000
Net Assets	627,388,000	485,644,000

Recent Quarter 2024/09
	Consolidated	Non-consolidated
Revenue	337,011,000	-
Current Profit	65,968,000	-
Net Profit	36,730,000	-
Net Assets	657,258,000	-

Results Forecast 2025/03
	Consolidated	Non-consolidated
Revenue	700,000,000	-
Current Profit	91,400,000	-
Net Profit	54,300,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	39.10
Net Earning	-	-
Equity	61.31	408.86

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	30.59
Net Earning	39.78	530.01
Equity	-7.82	370.41

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	110.53	675.73
Equity	152.51	523.06

Fiscal Year End:Interim Results 2024/09
	Consolidated	Non-consolidated
Dividend
Net Earning	39.56	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/03
	Consolidated	Non-consolidated
Dividend	103.55
Net Earning	58.48	-
Equity	-	-

■Over allotment(69,774,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
51%	Daiwa Securities Co. Ltd	03-5555-2111
16%	Mizuho Securities Co., Ltd	03-5208-3210
4.8%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
0.2%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd	03-5424-5000
2%	JPMorgan Securities Japan Co., Ltd.	03-5573-1111
16%	Nomura Securities Co., Ltd	03-3211-1811
8.5%	SMBC Nikko Securities Inc.	03-5644-3111
0.3%	Mito Securities Co., Ltd	03-6739-0310
0.1%	Mebuki Securities Co., Ltd.	029-222-2182
0.4%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.4%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.3%	Monex, Inc	03-4323-3800