Code	Sector	Market
5871	Service	Standard

Date of listing approval	2023/12/25
Expected Date	2024/02/07
Lead Underwriter	Daiwa Securities Co. Ltd
Description

Listed Shares(total)	1,144,400
Trading Unit	100
New Shares	995,200
Existing Shares	149,200（only O.A.）
Shares Outstanding	PreIPO 6,000,000.00
	PostIPO 6,000,000.00
Paid Up Capital	PreIPO Y10,000,000
	PostIPO Y0
Expected Pricing Date	2024/01/22
Book Building Start	2024/01/23
Book Building End	2024/01/30
Fix Date	2024/01/30
Offering Starts	2024/01/31
Offering Ends	2024/02/05
Expect Pricing	Y1,380-Y1,470
Notional PER (based on previous period)	11.69-12.45
Notional PER(based on results forecast)	10.54-11.23
Offering Price	Y1,470
Offering Price PER (based on previous period)	10.54-11.23
Offering Price PBR (based on previous period)	0.68
Offering Price PER (based on results forecast)	11.23
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	-	2,321,000
Current Profit	-	600,000
Net Profit	-	555,000
Net Assets	-	6,145,000

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	15,854,000	14,007,000
Current Profit	480,000	394,000
Net Profit	292,000	3,031,000
Net Assets	9,666,000	9,177,000

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	17,827,000	15,192,000
Current Profit	711,000	657,000
Net Profit	566,000	518,000
Net Assets	10,324,000	9,631,000

Recent Quarter 2023/09
	Consolidated	Non-consolidated
Revenue	14,492,000	-
Current Profit	433,000	-
Net Profit	282,000	-
Net Assets	9,413,000	-

Results Forecast 2023/12
	Consolidated	Non-consolidated
Revenue	19,818,000	-
Current Profit	866,000	-
Net Profit	603,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	115.64	1,280.24

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	18.25
Net Earning	60.85	2,013.77
Equity	631.65	1,911.89

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	35.42
Net Earning	118.08	2,150.86
Equity	108.09	2,006.65

Fiscal Year End:Recent Quarter 2023/09
	Consolidated	Non-consolidated
Dividend
Net Earning	58.98	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/12
	Consolidated	Non-consolidated
Dividend	44.00
Net Earning	130.94	-
Equity	-	-

■Over allotment(149,200)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
85%	Daiwa Securities Co. Ltd	03-5555-2111
5%	Nomura Securities Co., Ltd	03-3211-1811
4%	SMBC Nikko Securities Inc.	03-5644-3111
4%	Mizuho Securities Co., Ltd	03-5208-3210
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.5%	Monex, Inc	03-4323-3800
0.5%	Rakuten Securities Holdings, Inc.	03-6406-2681