Code	Sector	Market
477A	Service	Growth

Date of listing approval	2025/11/19
Expected Date	2025/12/22
Lead Underwriter	Mizuho Securities Co., Ltd
Description

Listed Shares(total)	1,679,000
Trading Unit	100
New Shares	1,400,000
Existing Shares	279,000（incl. O.A.）
Shares Outstanding	PreIPO 2,512,000.00
	PostIPO 3,912,000.00
Paid Up Capital	PreIPO Y299,960,000
	PostIPO Y609,080,000
Expected Pricing Date	2025/12/04
Book Building Start	2025/12/05
Book Building End	2025/12/11
Fix Date	2025/12/12
Offering Starts	2025/12/15
Offering Ends	2025/12/18
Expect Pricing	Y440-Y480
Notional PER (based on previous period)	7.67-8.37
Notional PER(based on results forecast)	6.93-7.56
Offering Price	Y480
Offering Price PER (based on previous period)	6.93-7.56
Offering Price PBR (based on previous period)	1.64
Offering Price PER (based on results forecast)	7.56
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	-	3,226,630
Current Profit	-	147,171
Net Profit	-	82,285
Net Assets	-	366,729

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Revenue	3,606,643	3,606,229
Current Profit	71,541	79,613
Net Profit	40,896	32,866
Net Assets	582,118	588,999

Fiscal Year End:2025/03
	Consolidated	Non-consolidated
Revenue	-	4,470,909
Current Profit	-	228,993
Net Profit	-	144,079
Net Assets	-	733,079

Recent Quarter 2025/09
	Consolidated	Non-consolidated
Revenue	-	2,611,644
Current Profit	-	105,610
Net Profit	-	62,580
Net Assets	-	795,660

Results Forecast 2026/03
	Consolidated	Non-consolidated
Revenue	-	5,640,000
Current Profit	-	319,000
Net Profit	-	184,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	34.72	154.73

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	16.95	231.73
Equity	13.62	234.47

Fiscal Year End:2025/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	57.36	291.83

Fiscal Year End:Interim Results 2025/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-	24.91
Equity	-	-

Fiscal Year End:Results Forecast 2026/03
	Consolidated	Non-consolidated
Dividend
Net Earning	-	63.53
Equity	-	-

■Over allotment (219,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Mizuho Securities Co., Ltd	03-5208-3210
4.3%	SBI SECURITIES Co.,Ltd.	03-5562-7210
3%	SMBC Nikko Securities Inc.	03-5644-3111
1.2%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.5%	KYOKUTO SECURITIES CO.,LTD	03-3667-9171
0.2%	Matsui Securities Co., Ltd	03-5216-0606
0.2%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.2%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
0.2%	Marusan Securities Co., Ltd	03-3272-5211
0.2%	Mito Securities Co., Ltd	03-6739-0310