Code	Sector	Market
353A	Service	AB

Date of listing approval	2025/03/24
Expected Date	2025/04/25
Lead Underwriter	TOYO SECURITIES CO.,LTD
Description

Listed Shares(total)	119,800
Trading Unit	100
New Shares	50,000
Existing Shares	69,800（incl. O.A.）
Shares Outstanding	PreIPO 949,940.00
	PostIPO 999,940.00
Paid Up Capital	PreIPO Y67,090,000
	PostIPO Y106,190,000
Expected Pricing Date	2025/04/09
Book Building Start	2025/04/10
Book Building End	2025/04/16
Fix Date	2025/04/17
Offering Starts	2025/04/18
Offering Ends	2025/04/23
Expect Pricing	Y1,600-Y1,700
Notional PER (based on previous period)	20.45-21.73
Notional PER(based on results forecast)	12.34-13.11
Offering Price	Y1,700
Offering Price PER (based on previous period)	12.34-13.11
Offering Price PBR (based on previous period)	15.84
Offering Price PER (based on results forecast)	13.11
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	2,556,066
Current Profit	-	-13,390
Net Profit	-	-24,464
Net Assets	-	2,970

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	-	2,787,233
Current Profit	-	75,658
Net Profit	-	26,022
Net Assets	-	28,993

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Revenue	-	3,291,243
Current Profit	-	137,504
Net Profit	-	74,339
Net Assets	-	103,332

Recent Quarter 2024/11
	Consolidated	Non-consolidated
Revenue	-	1,901,731
Current Profit	-	109,143
Net Profit	-	68,182
Net Assets	-	171,514

Results Forecast 2025/05
	Consolidated	Non-consolidated
Revenue	-	4,026,000
Current Profit	-	218,000
Net Profit	-	126,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-25.75	1.64

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	27.39	29.03

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	78.25	107.29

Fiscal Year End:Interim Results 2024/11
	Consolidated	Non-consolidated
Dividend
Net Earning	-	71.77
Equity	-	-

Fiscal Year End:Results Forecast 2025/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	129.65
Equity	-	-

■Over allotment(15,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
85%	TOYO SECURITIES CO.,LTD	03-5117-1040
6%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	North Pacific Securities Co., Ltd.	011-221-8536
2%	OKASAN SECURITIES GROUP INC	03-3272-2211
2%	Monex, Inc	03-4323-3800
2%	Matsui Securities Co., Ltd	03-5216-0606
1%	Akatsuki Securities,Inc	03-5641-7800