Code	Sector	Market
332A	Communications	Growth

Date of listing approval	2025/02/14
Expected Date	2025/03/21
Lead Underwriter	SMBC Nikko Securities Inc.
Description

Listed Shares(total)	3,659,500
Trading Unit	100
New Shares	1,668,000
Existing Shares	1,991,500（incl. O.A.）
Shares Outstanding	PreIPO 9,720,000.00
	PostIPO 11,388,000.00
Paid Up Capital	PreIPO Y10,000,000
	PostIPO Y623,824,000
Expected Pricing Date	2025/03/04
Book Building Start	2025/03/05
Book Building End	2025/03/11
Fix Date	2025/03/12
Offering Starts	2025/03/13
Offering Ends	2025/03/18
Expect Pricing	Y760-Y800
Notional PER (based on previous period)	13.61-14.33
Notional PER(based on results forecast)	13.62-14.33
Offering Price	Y800
Offering Price PER (based on previous period)	13.62-14.33
Offering Price PBR (based on previous period)	2.50
Offering Price PER (based on results forecast)	14.33
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	6,882,990
Current Profit	-	723,680
Net Profit	-	473,876
Net Assets	-	2,095,450

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	-	5,976,244
Current Profit	-	816,791
Net Profit	-	535,001
Net Assets	-	2,576,995

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Revenue	-	5,375,659
Current Profit	-	784,648
Net Profit	-	542,828
Net Assets	-	3,119,823

Recent Quarter 2024/09
	Consolidated	Non-consolidated
Revenue	-	2,705,450
Current Profit	-	472,104
Net Profit	-	310,346
Net Assets	-	3,431,007

Results Forecast 2025/03
	Consolidated	Non-consolidated
Revenue	-	5,545,000
Current Profit	-	799,000
Net Profit	-	545,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	48.75	214.60

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	55.04	264.14

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	55.84	319.99

Fiscal Year End:Interim Results 2024/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-	31.93
Equity	-	-

Fiscal Year End:Results Forecast 2025/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	55.81
Equity	-	-

■Over allotment(477,300)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
85%	SMBC Nikko Securities Inc.	03-5644-3111
10%	Daiwa Securities Co. Ltd	03-5555-2111
1%	Akatsuki Securities,Inc	03-5641-7800
1%	Monex, Inc	03-4323-3800
1%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.4%	OKASAN SECURITIES GROUP INC	03-3272-2211
0.4%	KYOKUTO SECURITIES CO.,LTD	03-3667-9171
0.4%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
0.4%	Matsui Securities Co., Ltd	03-5216-0606
0.4%	Mito Securities Co., Ltd	03-6739-0310