Code	Sector	Market
192A	Service	Growth

Date of listing approval	2024/05/15
Expected Date	2024/06/18
Lead Underwriter	SMBC Nikko Securities Inc.
Description

Listed Shares(total)	609,600
Trading Unit	100
New Shares	50,000
Existing Shares	559,600（incl. O.A.）
Shares Outstanding	PreIPO 2,000,000.00
	PostIPO 2,050,000.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y191,080,000
Expected Pricing Date	2024/05/31
Book Building Start	2024/06/03
Book Building End	2024/06/07
Fix Date	2024/06/10
Offering Starts	2024/06/11
Offering Ends	2024/06/14
Expect Pricing	Y3,830-Y3,960
Notional PER (based on previous period)	44.87-46.40
Notional PER(based on results forecast)	11.73-12.13
Offering Price	Y3,960
Offering Price PER (based on previous period)	11.73-12.13
Offering Price PBR (based on previous period)	11.48
Offering Price PER (based on results forecast)	12.13
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Revenue	-	837,528
Current Profit	-	256,900
Net Profit	-	191,122
Net Assets	-	519,567

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	649,036
Current Profit	-	11,614
Net Profit	-	-251
Net Assets	-	51,931

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	-	1,273,611
Current Profit	-	238,871
Net Profit	-	170,695
Net Assets	-	690,011

Recent Quarter 2024/02
	Consolidated	Non-consolidated
Revenue	-	1,405,037
Current Profit	-	655,363
Net Profit	-	430,374
Net Assets	-	1,120,386

Results Forecast 2024/05
	Consolidated	Non-consolidated
Revenue	-	2,167,000
Current Profit	-	960,000
Net Profit	-	652,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	95.56	259.78

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-0.13	259.66

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	85.35	345.01

Fiscal Year End:Recent Quarter 2024/02
	Consolidated	Non-consolidated
Dividend
Net Earning	-	215.19
Equity	-	-

Fiscal Year End:Results Forecast 2024/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	326.44
Equity	-	-

■Over allotment(79400)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
97%	SMBC Nikko Securities Inc.	03-5644-3111
3%	SBI SECURITIES Co.,Ltd.	03-5562-7210