Code	Sector	Market
414A	Communications	Growth

Date of listing approval	2025/08/28
Expected Date	2025/10/03
Lead Underwriter	Mizuho Securities Co., Ltd Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Description

Listed Shares(total)	10,000,000
Trading Unit	100
New Shares	0
Existing Shares	10,000,000（incl. O.A.）
Shares Outstanding	PreIPO 20,000,000.00
	PostIPO 20,000,000.00
Paid Up Capital	PreIPO Y10,000,000
	PostIPO Y10,000,000
Expected Pricing Date	2025/09/16
Book Building Start	2025/09/17
Book Building End	2025/09/24
Fix Date	2025/09/25
Offering Starts	2025/09/26
Offering Ends	2025/10/01
Expect Pricing	Y1,600-Y1,650
Notional PER (based on previous period)	27.88-28.76
Notional PER(based on results forecast)	15.53-16.02
Offering Price	Y1,650
Offering Price PER (based on previous period)	15.53-16.02
Offering Price PBR (based on previous period)	4.88
Offering Price PER (based on results forecast)	16.02
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Revenue	-	-
Current Profit	-	-23,000
Net Profit	-	-24,000
Net Assets	-	6,856,000

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Revenue	7,781,000	-
Current Profit	1,281,000	-26,000
Net Profit	806,000	-5,000
Net Assets	6,817,000	6,851,000

Fiscal Year End:2024/08
	Consolidated	Non-consolidated
Revenue	8,403,000	-
Current Profit	1,773,000	-24,000
Net Profit	1,147,000	-25,000
Net Assets	6,766,000	5,627,000

Recent Quarter 2025/05
	Consolidated	Non-consolidated
Revenue	6,055,000	-
Current Profit	1,977,000	-
Net Profit	1,371,000	-
Net Assets	7,432,000	-

Results Forecast 2025/08
	Consolidated	Non-consolidated
Revenue	8,601,000	-
Current Profit	2,987,000	-
Net Profit	2,060,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-1.21	342.85

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	40.33	340.85
Equity	-0.29	342.56

Fiscal Year End:2024/08
	Consolidated	Non-consolidated
Dividend	96.59
Net Earning	57.38	338.30
Equity	-1.28	280.13

Fiscal Year End:Recent Quarter 2025/05
	Consolidated	Non-consolidated
Dividend
Net Earning	68.60	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/08
	Consolidated	Non-consolidated
Dividend
Net Earning	103.00	-
Equity	-	-

■Over allotment(1,200,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
47%	Mizuho Securities Co., Ltd	03-5208-3210
34.5%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
12.5%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd	03-5424-5000
2%	SMBC Nikko Securities Inc.	03-5644-3111
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Daiwa Securities Co. Ltd	03-5555-2111
1%	Nomura Securities Co., Ltd	03-3211-1811
0.5%	Monex, Inc	03-4323-3800
0.5%	Rakuten Securities Holdings, Inc.	03-6406-2681