Code	Sector	Market
250A	Food Products	Standard

Date of listing approval	2024/08/26
Expected Date	2024/10/01
Lead Underwriter	Daiwa Securities Co. Ltd
Description

Listed Shares(total)	2,622,800
Trading Unit	100
New Shares	0
Existing Shares	2,622,800（incl. O.A.）
Shares Outstanding	PreIPO 15,205,697.00
	PostIPO 15,205,697.00
Paid Up Capital	PreIPO Y1,000,000,000
	PostIPO Y1,000,000,000
Expected Pricing Date	2024/09/11
Book Building Start	2024/09/12
Book Building End	2024/09/19
Fix Date	2024/09/20
Offering Starts	2024/09/24
Offering Ends	2024/09/27
Expect Pricing	Y1,620-Y1,880
Notional PER (based on previous period)	9.76-11.32
Notional PER(based on results forecast)	11.97-13.89
Offering Price	Y1,880
Offering Price PER (based on previous period)	11.97-13.89
Offering Price PBR (based on previous period)	1.80
Offering Price PER (based on results forecast)	13.89
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	31,265,827
Current Profit	-	1,466,561
Net Profit	-	1,050,886
Net Assets	-	19,564,209

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	34,115,523	34,066,289
Current Profit	2,377,783	1,509,455
Net Profit	1,834,507	1,224,562
Net Assets	19,551,348	18,773,022

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Revenue	38,973,985	38,930,910
Current Profit	3,474,914	2,584,031
Net Profit	2,524,960	1,860,268
Net Assets	15,837,880	14,396,800

Recent Quarter 2024/06
	Consolidated	Non-consolidated
Revenue	10,351,721	-
Current Profit	1,183,208	-
Net Profit	841,423	-
Net Assets	16,671,588	-

Results Forecast 2025/03
	Consolidated	Non-consolidated
Revenue	39,583,000	-
Current Profit	2,944,000	-
Net Profit	2,058,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	27.82
Net Earning	-	-
Equity	69.11	1,286.64

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	27.82
Net Earning	120.65	1,285.79
Equity	80.53	1,234.60

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Dividend	394.43
Net Earning	166.05	1,041.58
Equity	122.34	946.80

Fiscal Year End:Results Forecast 2025/03
	Consolidated	Non-consolidated
Dividend	40.00
Net Earning	135.35	-
Equity	-	-

■Over allotment(342,100)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
88%	Daiwa Securities Co. Ltd	03-5555-2111
4%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
2%	Mizuho Securities Co., Ltd	03-5208-3210
2%	OKASAN SECURITIES GROUP INC	03-3272-2211
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Rakuten Securities Holdings, Inc.	03-6406-2681