Code	Sector	Market
189A	Service	Growth

Date of listing approval	2024/05/08
Expected Date	2024/06/11
Lead Underwriter	Daiwa Securities Co. Ltd
Description

Listed Shares(total)	782,000
Trading Unit	100
New Shares	580,000
Existing Shares	202,000（incl. O.A.）
Shares Outstanding	PreIPO 1,534,000.00
	PostIPO 2,114,000.00
Paid Up Capital	PreIPO Y153,435,000
	PostIPO Y420,235,000
Expected Pricing Date	2024/05/23
Book Building Start	2024/05/27
Book Building End	2024/05/31
Fix Date	2024/06/03
Offering Starts	2024/06/04
Offering Ends	2024/06/07
Expect Pricing	Y950-Y1,000
Notional PER (based on previous period)	8.49-8.94
Notional PER(based on results forecast)	8.22-8.65
Offering Price	Y1,000
Offering Price PER (based on previous period)	8.22-8.65
Offering Price PBR (based on previous period)	1.39
Offering Price PER (based on results forecast)	8.65
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Revenue	-	742,065
Current Profit	-	368,156
Net Profit	-	319,997
Net Assets	-	817,717

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	930,451	745,830
Current Profit	234,533	265,069
Net Profit	145,686	174,193
Net Assets	937,888	984,240

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	1,111,038	700,335
Current Profit	250,287	217,869
Net Profit	171,666	140,013
Net Assets	1,101,885	1,116,583

Recent Quarter 2024/02
	Consolidated	Non-consolidated
Revenue	899,944	-
Current Profit	226,699	-
Net Profit	148,604	-
Net Assets	1,242,820	-

Results Forecast 2024/05
	Consolidated	Non-consolidated
Revenue	1,177,000	-
Current Profit	270,000	-
Net Profit	177,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	-	-
Equity	241.47	533.06

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	94.97	611.40
Equity	113.56	641.62

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	111.91	718.31
Equity	91.27	727.89

Fiscal Year End:Recent Quarter 2024/02
	Consolidated	Non-consolidated
Dividend
Net Earning	96.87	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/05
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	115.59	-
Equity	-	-

■Over allotment (102,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
82%	Daiwa Securities Co. Ltd	03-5555-2111
10%	Mizuho Securities Co., Ltd	03-5208-3210
5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Matsui Securities Co., Ltd	03-5216-0606
0.5%	HIROGIN SECURITIES CO., LTD.	082-245-5000
0.5%	OKASAN SECURITIES GROUP INC	03-3272-2211