Code	Sector	Market
603A	Electricity & Gas	Growth

Date of listing approval	2026/06/25
Expected Date	2026/07/29
Lead Underwriter	Nomura Securities Co., Ltd
Description

Listed Shares(total)	12,351,500
Trading Unit	100
New Shares	2,689,000
Existing Shares	9,662,500（incl. O.A.）
Shares Outstanding	PreIPO 32,110,000.00
	PostIPO 34,799,000.00
Paid Up Capital	PreIPO Y103,751,000
	PostIPO Y1,056,194,800
Expected Pricing Date	2026/07/10
Book Building Start	2026/07/13
Book Building End	2026/07/16
Fix Date	2026/07/17
Offering Starts	2026/07/21
Offering Ends	2026/07/24
Expect Pricing	Y740-Y770
Notional PER (based on previous period)	14.86-15.46
Notional PER(based on results forecast)	13.78-14.34
Offering Price	Y770
Offering Price PER (based on previous period)	13.78-14.34
Offering Price PBR (based on previous period)	3.75
Offering Price PER (based on results forecast)	14.34
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Revenue	-	21,446,376
Current Profit	-	1,202,797
Net Profit	-	1,554,593
Net Assets	-	4,617,810

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Revenue	22,566,710	19,256,537
Current Profit	1,327,533	1,144,176
Net Profit	867,705	-2,631,957
Net Assets	4,977,140	4,986,527

Fiscal Year End:2025/06
	Consolidated	Non-consolidated
Revenue	-	22,939,003
Current Profit	-	2,389,312
Net Profit	-	1,595,584
Net Assets	-	6,591,846

Recent Quarter 2025/12
	Consolidated	Non-consolidated
Revenue	-	11,481,566
Current Profit	-	1,295,007
Net Profit	-	919,799
Net Assets	-	7,511,645

Results Forecast 2026/06
	Consolidated	Non-consolidated
Revenue	-	25,464,000
Current Profit	-	2,497,000
Net Profit	-	1,723,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	61.78	1.26

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	27.56	-81.59
Equity	-83.61	-81.30

Fiscal Year End:2025/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	49.80	205.29

Fiscal Year End:Interim Results 2025/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	28.65
Equity	-	-

Fiscal Year End:Results Forecast 2026/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	53.69
Equity	-	-

■Over allotment (1,611,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
94.5%	Nomura Securities Co., Ltd	03-3211-1811
2.1%	Mizuho Securities Co., Ltd	03-5208-3210
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.7%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
0.5%	SMBC Nikko Securities Inc.	03-5644-3111
0.1%	Matsui Securities Co., Ltd	03-5216-0606
0.1%	Chugin Securities Co., Ltd.	086-235-3441