Code	Sector	Market
334A	Communications	Growth

Date of listing approval	2025/02/17
Expected Date	2025/03/25
Lead Underwriter	OKASAN SECURITIES GROUP INC
Description

Listed Shares(total)	486,400
Trading Unit	100
New Shares	255,000
Existing Shares	231,400（incl. O.A.）
Shares Outstanding	PreIPO 1,400,000.00
	PostIPO 1,655,000.00
Paid Up Capital	PreIPO Y35,000,000
	PostIPO Y202,739,000
Expected Pricing Date	2025/03/04
Book Building Start	2025/03/06
Book Building End	2025/03/12
Fix Date	2025/03/13
Offering Starts	2025/03/14
Offering Ends	2025/03/19
Expect Pricing	Y1,360-Y1,430
Notional PER (based on previous period)	21.15-22.24
Notional PER(based on results forecast)	16.68-17.54
Offering Price	Y1,430
Offering Price PER (based on previous period)	16.68-17.54
Offering Price PBR (based on previous period)	3.00
Offering Price PER (based on results forecast)	17.54
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	-	728,493
Current Profit	-	55,883
Net Profit	-	39,050
Net Assets	-	509,484

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	-	911,608
Current Profit	-	144,360
Net Profit	-	74,810
Net Assets	-	580,794

Fiscal Year End:2023/12
	Consolidated	Non-consolidated
Revenue	-	1,056,114
Current Profit	-	140,390
Net Profit	-	90,020
Net Assets	-	667,314

Recent Quarter 2024/06
	Consolidated	Non-consolidated
Revenue	-	616,498
Current Profit	-	93,676
Net Profit	-	63,529
Net Assets	-	723,844

Results Forecast 2025/12
	Consolidated	Non-consolidated
Revenue	-	1,356,000
Current Profit	-	223,000
Net Profit	-	130,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	2.50
Net Earning	-	-
Equity	27.89	363.92

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	2.50
Net Earning	-	-
Equity	53.44	414.85

Fiscal Year End:2023/12
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	-	-
Equity	64.30	476.65

Fiscal Year End:Interim Results 2024/06
	Consolidated	Non-consolidated
Dividend
Net Earning	-	45.38
Equity	-	-

Fiscal Year End:Results Forecast 2025/12
	Consolidated	Non-consolidated
Dividend	15.74
Net Earning	-	81.54
Equity	-	-

■Over allotment(63,400)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
92%	OKASAN SECURITIES GROUP INC	03-3272-2211
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
1%	Matsui Securities Co., Ltd	03-5216-0606
1%	Monex, Inc	03-4323-3800
1%	Rakuten Securities Holdings, Inc.	03-6406-2681
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890