Code	Sector	Market
372A	Service	Standard

Date of listing approval	2025/05/27
Expected Date	2025/06/30
Lead Underwriter	Mizuho Securities Co., Ltd
Description

Listed Shares(total)	970,600
Trading Unit	100
New Shares	500,000
Existing Shares	470,600（incl. O.A.）
Shares Outstanding	PreIPO 3,259,400.00
	PostIPO 3,759,400.00
Paid Up Capital	PreIPO Y1,401,120,000
	PostIPO Y2,397,020,000
Expected Pricing Date	2025/06/10
Book Building Start	2025/06/12
Book Building End	2025/06/18
Fix Date	2025/06/19
Offering Starts	2025/06/20
Offering Ends	2025/06/25
Expect Pricing	Y4,270-Y4,330
Notional PER (based on previous period)	6.33-6.42
Notional PER(based on results forecast)	5.95-6.04
Offering Price	Y4,330
Offering Price PER (based on previous period)	5.95-6.04
Offering Price PBR (based on previous period)	1.09
Offering Price PER (based on results forecast)	6.04
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	35,473,831
Current Profit	-	1,828,832
Net Profit	-	1,211,432
Net Assets	-	8,947,228

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	40,650,969	38,080,136
Current Profit	2,459,593	2,243,132
Net Profit	1,764,234	1,593,436
Net Assets	10,313,867	10,036,101

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Revenue	43,690,004	40,621,473
Current Profit	2,795,868	2,824,233
Net Profit	2,073,909	1,962,452
Net Assets	12,665,786	11,901,919

Recent Quarter 2024/11
	Consolidated	Non-consolidated
Revenue	24,560,793	-
Current Profit	2,391,359	-
Net Profit	1,610,791	-
Net Assets	14,061,738	-

Results Forecast 2025/05
	Consolidated	Non-consolidated
Revenue	48,840,000	-
Current Profit	3,350,000	-
Net Profit	2,240,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	55.00
Net Earning	-	-
Equity	379.74	2,765.17

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	70.00
Net Earning	560.84	3,345.07
Equity	506.54	3,254.33

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Dividend	80.00
Net Earning	674.15	3,967.37
Equity	637.92	3,838.42

Fiscal Year End:Interim Results 2024/11
	Consolidated	Non-consolidated
Dividend
Net Earning	520.99	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/05
	Consolidated	Non-consolidated
Dividend	180.00
Net Earning	717.45	-
Equity	-	-

■Over allotment (126,600)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
88%	Mizuho Securities Co., Ltd	03-5208-3210
3%	Nomura Securities Co., Ltd	03-3211-1811
3%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
2%	Shizugin TM Securities Co., Ltd	054‐255‐7511
2%	Marusan Securities Co., Ltd	03-3272-5211
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Rakuten Securities Holdings, Inc.	03-6406-2681