Code	Sector	Market
141A	Retail	Growth

Date of listing approval	2024/02/14
Expected Date	2024/03/21
Lead Underwriter	Daiwa Securities Co. Ltd Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Description

Listed Shares(total)	26,281,000
Trading Unit	100
New Shares	21,200,000
Existing Shares	5,081,000（incl. O.A.）
Shares Outstanding	PreIPO 97,690,400.00
	PostIPO 118,890,400.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y4,439,688,600
Expected Pricing Date	2024/03/03
Book Building Start	2024/03/04
Book Building End	2024/03/08
Fix Date	2024/03/11
Offering Starts	2024/03/12
Offering Ends	2024/03/15
Expect Pricing	Y1,600-Y1,700
Notional PER (based on previous period)	19.30-20.51
Notional PER(based on results forecast)	15.35-16.31
Offering Price	Y1,700
Offering Price PER (based on previous period)	15.35-16.31
Offering Price PBR (based on previous period)	2.51
Offering Price PER (based on results forecast)	16.31
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Revenue	-	486,000
Current Profit	-	18,000
Net Profit	-	406,000
Net Assets	-	29,116,000

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Revenue	595,500,000	1,901,000
Current Profit	12,687,000	145,000
Net Profit	7,135,000	641,000
Net Assets	59,707,000	29,157,000

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Revenue	653,112,000	4,740,000
Current Profit	14,358,000	2,494,000
Net Profit	8,084,000	2,294,000
Net Assets	68,020,000	31,211,000

Recent Quarter 2023/12
	Consolidated	Non-consolidated
Revenue	363,304,000	-
Current Profit	11,978,000	-
Net Profit	6,943,000	-
Net Assets	73,841,000	-

Results Forecast 2024/06
	Consolidated	Non-consolidated
Revenue	711,067,000	-
Current Profit	19,045,000	-
Net Profit	10,774,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	4.18	298.75

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	73.46	594.29
Equity	6.61	298.97

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Dividend	13.00
Net Earning	82.90	677.00
Equity	23.52	320.72

Fiscal Year End:Interim Results 2023/12
	Consolidated	Non-consolidated
Dividend
Net Earning	71.35	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/06
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	104.26	-
Equity	-	-

■Over allotment(3,427,900)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
60%	Daiwa Securities Co. Ltd	03-5555-2111
15.6%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
0.4%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd	03-5424-5000
4%	Citigroup Global Markets Japan Inc	03-6270-5000
5%	Nomura Securities Co., Ltd	03-3211-1811
5%	Mizuho Securities Co., Ltd	03-5208-3210
5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
3%	FFG Securities Co., Ltd.	092-771-3836
1%	SMBC Nikko Securities Inc.	03-5644-3111
1%	Monex, Inc	03-4323-3800