Code	Sector	Market
5858	Non-ferrous Metals	Growth

Date of listing approval	2024/02/20
Expected Date	2024/03/21
Lead Underwriter	Mizuho Securities Co., Ltd
Description

Listed Shares(total)	356,500
Trading Unit	100
New Shares	150,000
Existing Shares	206,500（incl. O.A.）
Shares Outstanding	PreIPO 838,400.00
	PostIPO 988,400.00
Paid Up Capital	PreIPO Y195,062,000
	PostIPO Y327,542,000
Expected Pricing Date	2024/03/04
Book Building Start	2024/03/05
Book Building End	2024/03/11
Fix Date	2024/03/12
Offering Starts	2024/03/13
Offering Ends	2024/03/18
Expect Pricing	Y1,820-Y1,920
Notional PER (based on previous period)	7.86-8.29
Notional PER(based on results forecast)	7.76-8.19
Offering Price	Y1,920
Offering Price PER (based on previous period)	7.76-8.19
Offering Price PBR (based on previous period)	1.29
Offering Price PER (based on results forecast)	8.19
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	1,980,483	1,336,706
Current Profit	-43,418	81,567
Net Profit	75,017	17,364
Net Assets	845,031	512,644

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	3,501,336	980,599
Current Profit	156,024	97,820
Net Profit	88,439	72,377
Net Assets	913,150	533,159

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	4,684,489	1,210,488
Current Profit	285,008	24,350
Net Profit	191,523	-16,162
Net Assets	1,235,213	500,303

Recent Quarter 2023/12
	Consolidated	Non-consolidated
Revenue	3,729,361	-
Current Profit	108,713	-
Net Profit	50,155	-
Net Assets	1,347,144	-

Results Forecast 2024/03
	Consolidated	Non-consolidated
Revenue	5,220,000	-
Current Profit	290,000	-
Net Profit	195,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	89.48	1,007.91
Equity	20.71	611.46

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	106.54	1,103.91
Equity	87.19	644.54

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	25.00
Net Earning	231.53	1,493.00
Equity	-19.54	604.57

Fiscal Year End:Recent Quarter 2023/12
	Consolidated	Non-consolidated
Dividend
Net Earning	60.63	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/03
	Consolidated	Non-consolidated
Dividend	25.00
Net Earning	234.46	-
Equity	-	-

■Over allotment(46,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Mizuho Securities Co., Ltd	03-5208-3210
5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Rakuten Securities Holdings, Inc.	03-6406-2681
1%	Monex, Inc	03-4323-3800
1%	Matsui Securities Co., Ltd	03-5216-0606
1%	OKASAN SECURITIES GROUP INC	03-3272-2211
1%	Leading Securities	03-4570-2119