Code	Sector	Market
352A	Service	Growth

Date of listing approval	2025/03/21
Expected Date	2025/04/24
Lead Underwriter	Daiwa Securities Co. Ltd
Description

Listed Shares(total)	2,735,800
Trading Unit	100
New Shares	300,000
Existing Shares	2,435,800（incl. O.A.）
Shares Outstanding	PreIPO 12,329,871.00
	PostIPO 12,629,871.00
Paid Up Capital	PreIPO Y394,997,000
	PostIPO Y567,497,000
Expected Pricing Date	2025/04/08
Book Building Start	2025/04/09
Book Building End	2025/04/15
Fix Date	2025/04/16
Offering Starts	2025/04/17
Offering Ends	2025/04/22
Expect Pricing	Y1,110-Y1,250
Notional PER (based on previous period)	37.04-41.71
Notional PER(based on results forecast)	23.06-25.97
Offering Price	Y1,250
Offering Price PER (based on previous period)	23.06-25.97
Offering Price PBR (based on previous period)	88.40
Offering Price PER (based on results forecast)	25.97
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	4,237,034
Current Profit	-	-123,884
Net Profit	-	-176,235
Net Assets	-	172,679

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	-	4,839,488
Current Profit	-	390,341
Net Profit	-	92,954
Net Assets	-	523,260

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Revenue	-	6,217,816
Current Profit	-	668,602
Net Profit	-	363,253
Net Assets	-	1,136,021

Recent Quarter 2024/09
	Consolidated	Non-consolidated
Revenue	-	3,963,546
Current Profit	-	496,864
Net Profit	-	363,152
Net Assets	-	1,499,174

Results Forecast 2025/03
	Consolidated	Non-consolidated
Revenue	-	8,483,000
Current Profit	-	841,000
Net Profit	-	841,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-17.11	-29.90

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	8.41	-24.04

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	29.97	14.14

Fiscal Year End:Interim Results 2024/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-	29.45
Equity	-	-

Fiscal Year End:Results Forecast 2025/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	48.13
Equity	-	-

■Over allotment(473,600)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
88.5%	Daiwa Securities Co. Ltd	03-5555-2111
10%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
0.5%	Matsui Securities Co., Ltd	03-5216-0606