Code	Sector	Market
387A	Communications	Growth

Date of listing approval	2025/06/19
Expected Date	2025/07/24
Lead Underwriter	SBI SECURITIES Co.,Ltd.
Description

Listed Shares(total)	273,900
Trading Unit	100
New Shares	60,000
Existing Shares	213,900（incl. O.A.）
Shares Outstanding	PreIPO 1,635,520.00
	PostIPO 1,695,520.00
Paid Up Capital	PreIPO Y50,379,000
	PostIPO Y82,671,000
Expected Pricing Date	2025/07/03
Book Building Start	2025/07/07
Book Building End	2025/07/11
Fix Date	2025/07/14
Offering Starts	2025/07/15
Offering Ends	2025/07/18
Expect Pricing	Y1,110-Y1,170
Notional PER (based on previous period)	-41.39--43.62
Notional PER(based on results forecast)	8.84-9.31
Offering Price	Y1,170
Offering Price PER (based on previous period)	8.84-9.31
Offering Price PBR (based on previous period)	-0.59
Offering Price PER (based on results forecast)	9.31
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Revenue	-	1,245,352
Current Profit	-	166,145
Net Profit	-	225,053
Net Assets	-	615,116

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Revenue	-	1,507,326
Current Profit	-	108,591
Net Profit	-	122,007
Net Assets	-	737,123

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Revenue	-	1,517,907
Current Profit	-	18,615
Net Profit	-	28,777
Net Assets	-	767,736

Recent Quarter 2024/12
	Consolidated	Non-consolidated
Revenue	-	975,787
Current Profit	-	124,621
Net Profit	-	118,962
Net Assets	-	895,748

Results Forecast 2025/06
	Consolidated	Non-consolidated
Revenue	-	2,006,000
Current Profit	-	181,000
Net Profit	-	203,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	97.42	-1,995.26

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	76.30	460.97

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-26.82	-1,973.04

Fiscal Year End:Interim Results 2024/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	51.70
Equity	-	-

Fiscal Year End:Results Forecast 2025/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	125.61
Equity	-	-

■Over allotment(35,700)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
85.3%	SBI SECURITIES Co.,Ltd.	03-5562-7210
6%	Nomura Securities Co., Ltd	03-3211-1811
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	SMBC Nikko Securities Inc.	03-5644-3111
1%	Okasan Niigata Securities Co.,Ltd	0258-35-0290
1%	J Trust Global Securities Co., Ltd.	03-4560-0200
1%	Daishi Hokuetsu Financial Group, Inc.	0258-35-2211
1%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
1%	Matsui Securities Co., Ltd	03-5216-0606
1%	Monex, Inc	03-4323-3800
1%	Rakuten Securities Holdings, Inc.	03-6406-2681