Code	Sector	Market
145A	Communications	Growth

Date of listing approval	2024/02/20
Expected Date	2024/03/26
Lead Underwriter	Nomura Securities Co., Ltd
Description

Listed Shares(total)	1,672,600
Trading Unit	100
New Shares	800,000
Existing Shares	872,600（incl. O.A.）
Shares Outstanding	PreIPO 4,155,200.00
	PostIPO 4,955,200.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y537,184,000
Expected Pricing Date	2024/03/07
Book Building Start	2024/03/08
Book Building End	2024/03/13
Fix Date	2024/03/14
Offering Starts	2024/03/15
Offering Ends	2024/03/21
Expect Pricing	Y920-Y990
Notional PER (based on previous period)	-12.08--13.00
Notional PER(based on results forecast)	41.29-44.43
Offering Price	Y1,188
Offering Price PER (based on previous period)	41.29-44.43
Offering Price PBR (based on previous period)	8.36
Offering Price PER (based on results forecast)	53.32
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	-	601,164
Current Profit	-	-59,756
Net Profit	-	-89,809
Net Assets	-	241,623

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	-	770,865
Current Profit	-	-313,001
Net Profit	-	-335,871
Net Assets	-	906,671

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	-	970,589
Current Profit	-	-265,874
Net Profit	-	-316,494
Net Assets	-	590,176

Recent Quarter 2023/09
	Consolidated	Non-consolidated
Revenue	-	921,202
Current Profit	-	-4,971
Net Profit	-	-9,375
Net Assets	-	580,800

Results Forecast 2024/12
	Consolidated	Non-consolidated
Revenue	-	1,664,000
Current Profit	-	132,000
Net Profit	-	106,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-25.79	69.38

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-86.14	218.20

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-76.17	142.03

Fiscal Year End:Recent Quarter 2023/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-	-2.26
Equity	-	-

Fiscal Year End:Results Forecast 2024/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	22.28
Equity	-	-

■Over allotment(218,100)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90.5%	Nomura Securities Co., Ltd	03-3211-1811
5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	OKASAN SECURITIES GROUP INC	03-3272-2211
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.5%	Monex, Inc	03-4323-3800
0.5%	Akatsuki Securities,Inc	03-5641-7800
0.5%	Mito Securities Co., Ltd	03-6739-0310
0.5%	TOYO SECURITIES CO.,LTD	03-5117-1040
0.5%	Musashi Securities Co.,Ltd	048-644-0634