Code	Sector	Market
367A	Retail	Standard

Date of listing approval	2025/05/21
Expected Date	2025/06/24
Lead Underwriter	Mizuho Securities Co., Ltd SMBC Nikko Securities Inc.
Description

Listed Shares(total)	7,436,800
Trading Unit	100
New Shares	0
Existing Shares	7,436,800（incl. O.A.）
Shares Outstanding	PreIPO 8,747,143.00
	PostIPO 8,747,143.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y100,000,000
Expected Pricing Date	2025/06/09
Book Building Start	2025/06/09
Book Building End	2025/06/13
Fix Date	2025/06/16
Offering Starts	2025/06/17
Offering Ends	2025/06/20
Expect Pricing	Y2,060-Y2,150
Notional PER (based on previous period)	15.66-16.34
Notional PER(based on results forecast)	10.93-11.40
Offering Price	Y2,150
Offering Price PER (based on previous period)	10.93-11.40
Offering Price PBR (based on previous period)	1.20
Offering Price PER (based on results forecast)	11.40
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Revenue	-
Current Profit	-	-510,000
Net Profit	-	-452,000
Net Assets	-	7,568,000

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Revenue	23,471,000	566,000
Current Profit	838,000	-360,000
Net Profit	878,000	-354,000
Net Assets	14,390,000	7,213,000

Fiscal Year End:2024/08
	Consolidated	Non-consolidated
Revenue	24,900,000	718,000
Current Profit	1,714,000	-312,000
Net Profit	1,150,000	-247,000
Net Assets	15,700,000	6,968,000

Recent Quarter 2025/02
	Consolidated	Non-consolidated
Revenue	13,404,000	-
Current Profit	1,348,000	-
Net Profit	1,048,000	-
Net Assets	16,932,000	-

Results Forecast 2025/08
	Consolidated	Non-consolidated
Revenue	26,766,000	-
Current Profit	2,295,000	-
Net Profit	1,649,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-51.80	865.20

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	100.41	1,645.22
Equity	-40.50	824.67

Fiscal Year End:2024/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	131.55	1,794.94
Equity	-28.20	796.65

Fiscal Year End:Interim Results 2025/02
	Consolidated	Non-consolidated
Dividend
Net Earning	119.91	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/08
	Consolidated	Non-consolidated
Dividend	95.00
Net Earning	188.52	-
Equity	-	-

■Over allotment(970,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
46.8%	Mizuho Securities Co., Ltd	03-5208-3210
46.8%	SMBC Nikko Securities Inc.	03-5644-3111
1.2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1.2%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.4%	Monex, Inc	03-4323-3800
0.4%	Matsui Securities Co., Ltd	03-5216-0606
0.4%	OKASAN SECURITIES GROUP INC	03-3272-2211
0.4%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
0.4%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.4%	Mito Securities Co., Ltd	03-6739-0310
0.4%	KYOKUTO SECURITIES CO.,LTD	03-3667-9171
0.4%	Akatsuki Securities,Inc	03-5641-7800
0.4%	Marusan Securities Co., Ltd	03-3272-5211