Code	Sector	Market
155A	Communications	Growth

Date of listing approval	2024/02/22
Expected Date	2024/03/28
Lead Underwriter	Mizuho Securities Co., Ltd
Description

Listed Shares(total)	2,380,500
Trading Unit	100
New Shares	1,470,000
Existing Shares	910,500（incl. O.A.）
Shares Outstanding	PreIPO 8,500,000.00
	PostIPO 9,970,000.00
Paid Up Capital	PreIPO Y50,000,000
	PostIPO Y361,052,000
Expected Pricing Date	2024/03/08
Book Building Start	2024/03/11
Book Building End	2024/03/15
Fix Date	2024/03/18
Offering Starts	2024/03/19
Offering Ends	2024/03/25
Expect Pricing	Y380-Y460
Notional PER (based on previous period)	11.32-13.70
Notional PER(based on results forecast)	12.78-15.47
Offering Price	Y460
Offering Price PER (based on previous period)	12.78-15.47
Offering Price PBR (based on previous period)	8.93
Offering Price PER (based on results forecast)	15.47
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	-	3,463,562
Current Profit	-	69,417
Net Profit	-	-93,006
Net Assets	-	123,805

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	3,856,213	3,876,332
Current Profit	136,728	70,591
Net Profit	25,503	28,926
Net Assets	155,618	152,723

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	-	4,939,952
Current Profit	-	332,463
Net Profit	-	285,311
Net Assets	-	438,430

Recent Quarter 2023/09
	Consolidated	Non-consolidated
Revenue	-	3,908,229
Current Profit	-	304,738
Net Profit	-	219,930
Net Assets	-	658,361

Results Forecast 2024/12
	Consolidated	Non-consolidated
Revenue	-	5,811,000
Current Profit	-	394,000
Net Profit	-	286,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-10.94	14.57

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	3.00	18.31
Equity	3.40	17.97

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	33.57	51.53

Fiscal Year End:Recent Quarter 2023/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-	25.87
Equity	-	-

Fiscal Year End:Results Forecast 2024/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	29.74
Equity	-	-

■Over allotment(310,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
92%	Mizuho Securities Co., Ltd	03-5208-3210
1%	AIZAWA SECURITIES GROUP CO., LTD	03-3272-3118
1%	Akatsuki Securities,Inc	03-5641-7800
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	KYOKUTO SECURITIES CO.,LTD	03-3667-9171
1%	Matsui Securities Co., Ltd	03-5216-0606
1%	Monex, Inc	03-4323-3800
1%	Marusan Securities Co., Ltd	03-3272-5211