Code	Sector	Market
135A	Communications	Growth

Date of listing approval	2024/01/18
Expected Date	2024/02/22
Lead Underwriter	SMBC Nikko Securities Inc.
Description

Listed Shares(total)	1,274,000
Trading Unit	100
New Shares	210,000
Existing Shares	1,064,000（incl. O.A.）
Shares Outstanding	PreIPO 9,900,000.00
	PostIPO 10,110,000.00
Paid Up Capital	PreIPO Y9,900,000
	PostIPO Y298,734,000
Expected Pricing Date	2024/02/05
Book Building Start	2024/02/06
Book Building End	2024/02/13
Fix Date	2024/02/14
Offering Starts	2024/02/15
Offering Ends	2024/02/20
Expect Pricing	Y2,790-Y2,990
Notional PER (based on previous period)	553.57-593.25
Notional PER(based on results forecast)	83.73-89.74
Offering Price	Y2,990
Offering Price PER (based on previous period)	83.73-89.74
Offering Price PBR (based on previous period)	331.85
Offering Price PER (based on results forecast)	89.74
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/02
	Consolidated	Non-consolidated
Revenue	-	103,688
Current Profit	-	19,618
Net Profit	-	13,839
Net Assets	-	23,739

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Revenue	-	344,466
Current Profit	-	14,553
Net Profit	-	11,193
Net Assets	-	34,933

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Revenue	-	617,397
Current Profit	-	63,399
Net Profit	-	49,930
Net Assets	-	89,211

Recent Quarter 2023/11
	Consolidated	Non-consolidated
Revenue	-	1,052,794
Current Profit	-	383,408
Net Profit	-	253,457
Net Assets	-	342,669

Results Forecast 2024/02
	Consolidated	Non-consolidated
Revenue	-	1,410,000
Current Profit	-	493,000
Net Profit	-	330,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	1.40	2.40

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	1.13	3.53

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	5.04	9.01

Fiscal Year End:Recent Quarter 2023/11
	Consolidated	Non-consolidated
Dividend
Net Earning	-	25.60
Equity	-	-

Fiscal Year End:Results Forecast 2024/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	33.32
Equity	-	-

■Over allotment(166,100)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
92%	SMBC Nikko Securities Inc.	03-5644-3111
3.5%	Nomura Securities Co., Ltd	03-3211-1811
1%	Daiwa Securities Co. Ltd	03-5555-2111
1%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
0.5%	Monex, Inc	03-4323-3800
0.5%	Matsui Securities Co., Ltd	03-5216-0606
0.5%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.5%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
0.5%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890