Code	Sector	Market
276A	Real Estate	Growth

Date of listing approval	2024/10/24
Expected Date	2024/11/28
Lead Underwriter	Mizuho Securities Co., Ltd
Description

Listed Shares(total)	1,392,500
Trading Unit	100
New Shares	640,000
Existing Shares	752,500（incl. O.A.）
Shares Outstanding	PreIPO 3,463,637.00
	PostIPO 4,103,637.00
Paid Up Capital	PreIPO Y200,000,000
	PostIPO Y479,680,000
Expected Pricing Date	2024/11/08
Book Building Start	2024/11/12
Book Building End	2024/11/18
Fix Date	2024/11/19
Offering Starts	2024/11/20
Offering Ends	2024/11/25
Expect Pricing	Y890-Y950
Notional PER (based on previous period)	18.62-19.87
Notional PER(based on results forecast)	10.22-10.91
Offering Price	Y950
Offering Price PER (based on previous period)	10.22-10.91
Offering Price PBR (based on previous period)	4.55
Offering Price PER (based on results forecast)	10.91
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/08
	Consolidated	Non-consolidated
Revenue	-	418,479
Current Profit	-	161,741
Net Profit	-	101,669
Net Assets	-	321,061

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Revenue	515,793	522,126
Current Profit	147,064	139,129
Net Profit	98,966	92,875
Net Assets	573,659	567,568

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Revenue	703,605	627,621
Current Profit	234,638	187,051
Net Profit	163,356	133,625
Net Assets	716,235	680,413

Recent Quarter 2024/05
	Consolidated	Non-consolidated
Revenue	1,050,290	-
Current Profit	429,332	-
Net Profit	283,542	-
Net Assets	967,828	-

Results Forecast 2025/08
	Consolidated	Non-consolidated
Revenue	1,792,000	-
Current Profit	500,000	-
Net Profit	340,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/08
	Consolidated	Non-consolidated
Dividend	6.00
Net Earning	-	-
Equity	32.80	103.57

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Dividend	8.00
Net Earning	29.57	167.72
Equity	27.75	165.93

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Dividend	10.00
Net Earning	47.80	208.92
Equity	39.10	198.45

Fiscal Year End:Interim Results
	Consolidated	Non-consolidated
Dividend
Net Earning	82.86	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/08
	Consolidated	Non-consolidated
Dividend
Net Earning	87.09	-
Equity	-	-

■Over allotment(181,600）

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
93%	Mizuho Securities Co., Ltd	03-5208-3210
5%	Rakuten Securities Holdings, Inc.	03-6406-2681
1.5%	Mito Securities Co., Ltd	03-6739-0310
0.5%	KYOKUTO SECURITIES CO.,LTD	03-3667-9171