Code	Sector	Market
202A	Communications	Growth

Date of listing approval	2024/05/23
Expected Date	2024/06/27
Lead Underwriter	SMBC Nikko Securities Inc. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Description

Listed Shares(total)	5,137,500
Trading Unit	100
New Shares	50,000
Existing Shares	5,087,500（incl. O.A.）
Shares Outstanding	PreIPO 16,000,000.00
	PostIPO 16,050,000.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y130,714,250
Expected Pricing Date	2024/06/10
Book Building Start	2024/06/11
Book Building End	2024/06/17
Fix Date	2024/06/18
Offering Starts	2024/06/19
Offering Ends	2024/06/24
Expect Pricing	Y1,280-Y1,330
Notional PER (based on previous period)	18.57-19.29
Notional PER(based on results forecast)	15.03-15.61
Offering Price	Y1,330
Offering Price PER (based on previous period)	15.03-15.61
Offering Price PBR (based on previous period)	6.28
Offering Price PER (based on results forecast)	15.61
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	-	-
Current Profit	-	-4,570
Net Profit	-	-4,594
Net Assets	-	-3,594

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	8,174,664	219,600
Current Profit	674,380	13,390
Net Profit	1,133,521	9,966
Net Assets	2,403,027	1,270,812

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	8,859,249	669,799
Current Profit	1,589,415	397,251
Net Profit	1,103,115	396,939
Net Assets	3,390,142	1,551,751

Recent Quarter 2023/12
	Consolidated	Non-consolidated
Revenue	7,255,512	-
Current Profit	1,394,983	-
Net Profit	916,434	-
Net Assets	2,018,576	-

Results Forecast 2025/03
	Consolidated	Non-consolidated
Revenue	10,552,000	-
Current Profit	2,050,000	-
Net Profit	1,366,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-229,708.15	-179,708.15

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	7.25
Net Earning	70.85	150.18
Equity	0.62	79.41

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	30.80
Net Earning	68.94	211.87
Equity	24.81	96.97

Fiscal Year End:Recent Quarter 2023/12
	Consolidated	Non-consolidated
Dividend
Net Earning	57.28	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/03
	Consolidated	Non-consolidated
Dividend	59.58
Net Earning	85.18	-
Equity	-	-

■Over allotment(607,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
50.4%	SMBC Nikko Securities Inc.	03-5644-3111
32.5%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
12.1%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd	03-5424-5000
1%	Daiwa Securities Co. Ltd	03-5555-2111
1%	Mizuho Securities Co., Ltd	03-5208-3210
1%	Nomura Securities Co., Ltd	03-3211-1811
0.8%	KAGAWA Securities Co., Ltd.	087-851-8181
0.2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.2%	Matsui Securities Co., Ltd	03-5216-0606
0.2%	Monex, Inc	03-4323-3800
0.2%	Tokai Tokyo Securities Co., Ltd	03-3566-8811