Code	Sector	Market
593A	Communications	Growth

Date of listing approval	2026/06/29
Expected Date	2026/07/22
Lead Underwriter	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Description

Listed Shares(total)	24,630,700
Trading Unit	100
New Shares	17,449,600
Existing Shares	7,181,100（incl. O.A.）
Shares Outstanding	PreIPO 46,074,490.00
	PostIPO 63,524,090.00
Paid Up Capital	PreIPO Y101,250,000
	PostIPO Y3,313,005,698
Expected Pricing Date	2026/07/06
Book Building Start	2026/07/06
Book Building End	2026/07/10
Fix Date	2026/07/13
Offering Starts	2026/07/14
Offering Ends	2026/07/17
Expect Pricing	Y1,015-Y1,085
Notional PER (based on previous period)	-9.37--10.02
Notional PER(based on results forecast)	-7.35--7.86
Offering Price	Y1,085
Offering Price PER (based on previous period)	-7.35--7.86
Offering Price PBR (based on previous period)	3.72
Offering Price PER (based on results forecast)	-7.86
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2023/09
	Consolidated	Non-consolidated
Revenue	-	1,294,000
Current Profit	-	-3,614,000
Net Profit	-	-3,793,000
Net Assets	-	15,534,000

Fiscal Year End:2024/09
	Consolidated	Non-consolidated
Revenue	3,871,000	3,264,000
Current Profit	-4,834,000	-4,624,000
Net Profit	-4,834,000	-5,748,000
Net Assets	18,007,000	17,528,000

Fiscal Year End:2025/09
	Consolidated	Non-consolidated
Revenue	6,410,000	5,859,000
Current Profit	-5,504,000	-4,979,000
Net Profit	-4,799,000	-4,081,000
Net Assets	13,170,000	13,450,000

Recent Quarter 2026/03
	Consolidated	Non-consolidated
Revenue	4,369,000	-
Current Profit	-2,385,000	-
Net Profit	-2,470,000	-
Net Assets	11,730,000	-

Results Forecast 2026/09
	Consolidated	Non-consolidated
Revenue	8,484,000	-
Current Profit	-6,593,000	-
Net Profit	-6,736,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2023/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-94.33	382.86

Fiscal Year End:2024/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-113.35	399.76
Equity	-134.79	389.98

Fiscal Year End:2025/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-108.29	291.66
Equity	-92.08	297.97

Fiscal Year End:Interim Results 2026/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-55.19	-
Equity	-	-

Fiscal Year End:Results Forecast 2026/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-138.02	-
Equity	-	-

■Over allotment (3,212,700)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
36.6%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
8.2%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd	03-5424-5000
44.7%	SMBC Nikko Securities Inc.	03-5644-3111
2.9%	Daiwa Securities Co. Ltd	03-5555-2111
2.9%	Nomura Securities Co., Ltd	03-3211-1811
1.7%	Mizuho Securities Co., Ltd	03-5208-3210
1.7%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.4%	Monex, Inc	03-4323-3800
0.4%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.1%	Matsui Securities Co., Ltd	03-5216-0606
0.1%	Mito Securities Co., Ltd	03-6739-0310
0.1%	OKASAN SECURITIES GROUP INC	03-3272-2211
0.1%	Tokai Tokyo Securities Co., Ltd	03-3566-8811