Code	Sector	Market
196A	Other Financial Services	Growth

Date of listing approval	2024/05/17
Expected Date	2024/06/21
Lead Underwriter	SMBC Nikko Securities Inc.
Description

Listed Shares(total)	4,972,800
Trading Unit	100
New Shares	2,700,000
Existing Shares	2,272,800（incl. O.A.）
Shares Outstanding	PreIPO 6,372,600.00
	PostIPO 9,072,600.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y426,747,200
Expected Pricing Date	2024/06/05
Book Building Start	2024/06/06
Book Building End	2024/06/12
Fix Date	2024/06/13
Offering Starts	2024/06/14
Offering Ends	2024/06/19
Expect Pricing	Y370-Y400
Notional PER (based on previous period)	-14.97--16.18
Notional PER(based on results forecast)	-38.74--41.88
Offering Price	Y400
Offering Price PER (based on previous period)	-38.74--41.88
Offering Price PBR (based on previous period)	-0.45
Offering Price PER (based on results forecast)	-41.88
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Revenue	-	504,591
Current Profit	-	-230,315
Net Profit	-	-231,265
Net Assets	-	1,024,449

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Revenue	843,689	712,363
Current Profit	-552,070	-485,551
Net Profit	-555,521	-526,253
Net Assets	468,927	498,195

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Revenue	1,607,947	1,369,737
Current Profit	-147,111	-36,571
Net Profit	-149,694	-38,864
Net Assets	1,188,830	1,328,929

Recent Quarter 2024/03
	Consolidated	Non-consolidated
Revenue	1,420,202	-
Current Profit	-58,892	-
Net Profit	-60,827	-
Net Assets	1,128,002	-

Results Forecast 2024/06
	Consolidated	Non-consolidated
Revenue	1,965,000	-
Current Profit	-127,000	-
Net Profit	-127,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-50.89	-538.65

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-103.58	-816.41
Equity	-98.12	-801.78

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-24.72	-891.26
Equity	-6.42	-821.21

Fiscal Year End:Recent Quarter 2024/03
	Consolidated	Non-consolidated
Dividend
Net Earning	-9.55	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-9.55	-
Equity	-	-

■Over allotment(648,600）

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
50%	SMBC Nikko Securities Inc.	03-5644-3111
40%	Mizuho Securities Co., Ltd	03-5208-3210
3%	Monex, Inc	03-4323-3800
2.5%	Nomura Securities Co., Ltd	03-3211-1811
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
0.5%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.5%	Matsui Securities Co., Ltd	03-5216-0606
0.5%	Chugin Securities Co., Ltd.	086-235-3441