Code	Sector	Market
168A	Other Products	Growth

Date of listing approval	2024/03/04
Expected Date	2024/04/08
Lead Underwriter	Tokai Tokyo
Description

Listed Shares(total)	655,500
Trading Unit	100
New Shares	420,000
Existing Shares	235,500（incl. O.A.）
Shares Outstanding	PreIPO 1,050,000.00
	PostIPO 1,470,000.00
Paid Up Capital	PreIPO Y150,500,000
	PostIPO Y459,620,000
Expected Pricing Date	2024/03/18
Book Building Start	2024/03/21
Book Building End	2024/03/27
Fix Date	2024/03/28
Offering Starts	2024/03/29
Offering Ends	2024/04/03
Expect Pricing	Y1,580-Y1,600
Notional PER (based on previous period)	18.07-18.30
Notional PER(based on results forecast)	13.18-13.34
Offering Price	Y1,600
Offering Price PER (based on previous period)	13.18-13.34
Offering Price PBR (based on previous period)	6.22
Offering Price PER (based on results forecast)	13.34
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/01
	Consolidated	Non-consolidated
Revenue	-	1,789,332
Current Profit	-	-52,659
Net Profit	-	-10,815
Net Assets	-	56,390

Fiscal Year End:2022/01
	Consolidated	Non-consolidated
Revenue	-	2,106,971
Current Profit	-	17,907
Net Profit	-	14,991
Net Assets	-	176,381

Fiscal Year End:2023/01
	Consolidated	Non-consolidated
Revenue	-	2,506,542
Current Profit	-	127,096
Net Profit	-	91,817
Net Assets	-	270,182

Recent Quarter 2023/10
	Consolidated	Non-consolidated
Revenue	-	2,402,736
Current Profit	-	215,468
Net Profit	-	148,827
Net Assets	-	416,723

Results Forecast 2025/01
	Consolidated	Non-consolidated
Revenue	-	3,509,000
Current Profit	-	240,000
Net Profit	-	167,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/01
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-11.04	57.54

Fiscal Year End:2022/01
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	14.76	167.98

Fiscal Year End:2023/01
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	87.45	257.32

Fiscal Year End:Recent Quarter 2023/10
	Consolidated	Non-consolidated
Dividend
Net Earning	-	141.74
Equity	-	-

Fiscal Year End:Results Forecast 2025/01
	Consolidated	Non-consolidated
Dividend	20.00
Net Earning	-	119.91
Equity	-	-

■Over allotment(85,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Tokai Tokyo	03-3566-8811
5%	Rakuten Securities	03-6406-2681
2%	Toyo	03-5117-1040
2%	Monex	03-4323-3800
1%	Akatsuki Securities	03-5641-7800