Code	Sector	Market
407A	Construction	Standard

Date of listing approval	2025/08/20
Expected Date	2025/09/26
Lead Underwriter	Nomura Securities Co., Ltd
Description

Listed Shares(total)	5,433,800
Trading Unit	100
New Shares	0
Existing Shares	5,433,800（incl. O.A.）
Shares Outstanding	PreIPO 9,894,900.00
	PostIPO 9,894,900.00
Paid Up Capital	PreIPO Y172,248,000
	PostIPO Y172,248,000
Expected Pricing Date	2025/09/05
Book Building Start	2025/09/09
Book Building End	2025/09/16
Fix Date	2025/09/17
Offering Starts	2025/09/18
Offering Ends	2025/09/24
Expect Pricing	Y1,000-Y1,060
Notional PER (based on previous period)	13.59-14.41
Notional PER(based on results forecast)	8.99-9.53
Offering Price	Y1,060
Offering Price PER (based on previous period)	8.99-9.53
Offering Price PBR (based on previous period)	2.14
Offering Price PER (based on results forecast)	9.53
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Revenue	-	-
Current Profit	-	18,269
Net Profit	-	-4,498
Net Assets	-	3,413,647

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Revenue	16,129,963	750,024
Current Profit	1,346,186	519,339
Net Profit	986,933	515,551
Net Assets	7,162,324	5,656,424

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Revenue	15,611,403	2,819,880
Current Profit	1,131,961	2,442,231
Net Profit	725,892	2,452,766
Net Assets	4,888,927	5,109,108

Recent Quarter 2024/12
	Consolidated	Non-consolidated
Revenue	8,481,535	-
Current Profit	901,217	-
Net Profit	609,702	-
Net Assets	5,498,397	-

Results Forecast 2026/06
	Consolidated	Non-consolidated
Revenue	19,485,000	-
Current Profit	-	-
Net Profit	1,100,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-0.65	492.05

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	105.68	726.05
Equity	55.21	573.39

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Dividend	304.12
Net Earning	73.58	495.59
Equity	248.64	517.91

Fiscal Year End:Interim Results 2024/12
	Consolidated	Non-consolidated
Dividend
Net Earning	61.95	-
Equity	-	-

Fiscal Year End:Results Forecast 2026/06
	Consolidated	Non-consolidated
Dividend	45.00
Net Earning	111.25	-
Equity	-	-

■Over allotment (708,700)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
94.5%	Nomura Securities Co., Ltd	03-3211-1811
1.5%	Daiwa Securities Co. Ltd	03-5555-2111
1%	Rakuten Securities Holdings, Inc.	03-6406-2681
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.7%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
0.7%	OKASAN SECURITIES GROUP INC	03-3272-2211
0.2%	Shizugin TM Securities Co., Ltd	054‐255‐7511
0.2%	Chibagin Securities Co.,Ltd.	043-222-1141