Code	Sector	Market
280A	Wholesale	Growth

Date of listing approval	2024/10/31
Expected Date	2024/12/04
Lead Underwriter	SBI SECURITIES Co.,Ltd.
Description

Listed Shares(total)	695,700
Trading Unit	100
New Shares	190,000
Existing Shares	505,700（incl. O.A.）
Shares Outstanding	PreIPO 3,366,250.00
	PostIPO 3,556,250.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y231,100,000
Expected Pricing Date	2024/11/15
Book Building Start	2024/11/19
Book Building End	2024/11/25
Fix Date	2024/11/26
Offering Starts	2024/11/27
Offering Ends	2024/12/02
Expect Pricing	Y1,400-Y1,500
Notional PER (based on previous period)	40.13-42.99
Notional PER(based on results forecast)	16.46-17.64
Offering Price	Y1,500
Offering Price PER (based on previous period)	16.46-17.64
Offering Price PBR (based on previous period)	265.02
Offering Price PER (based on results forecast)	17.64
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/11
	Consolidated	Non-consolidated
Revenue	-	1,110,173
Current Profit	-	9,127
Net Profit	-	5,698
Net Assets	-	82,069

Fiscal Year End:2022/11
	Consolidated	Non-consolidated
Revenue	-	1,698,753
Current Profit	-	246,079
Net Profit	-	216,695
Net Assets	-	368,684

Fiscal Year End:2023/11
	Consolidated	Non-consolidated
Revenue	-	1,747,118
Current Profit	-	-353,508
Net Profit	-	116,577
Net Assets	-	509,262

Recent Quarter 2024/05
	Consolidated	Non-consolidated
Revenue	-	3,534,111
Current Profit	-	148,086
Net Profit	-	147,353
Net Assets	-	656,616

Results Forecast 2024/11
	Consolidated	Non-consolidated
Revenue	-	6,235,000
Current Profit	-	359,000
Net Profit	-	286,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/11
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	1.74	-103.43

Fiscal Year End:2022/11
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	65.40	-36.65

Fiscal Year End:2023/11
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	34.89	5.66

Fiscal Year End:Interim Results 2024/05
	Consolidated	Non-consolidated
Dividend
Net Earning	-	43.77
Equity	-	-

Fiscal Year End:Results Forecast 2024/11
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	85.04
Equity	-	-

■Over allotment(90,700）

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
87%	SBI SECURITIES Co.,Ltd.	03-5562-7210
8.1%	Nomura Securities Co., Ltd	03-3211-1811
1.5%	OKASAN SECURITIES GROUP INC	03-3272-2211
1.3%	AIZAWA SECURITIES GROUP CO., LTD	03-3272-3118
0.5%	TOYO SECURITIES CO.,LTD	03-5117-1040
0.2%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.2%	KYOKUTO SECURITIES CO.,LTD	03-3667-9171
0.2%	Nishi-Nippon City Tokai Tokyo Securities Co.,Ltd	092-707-3000
0.2%	Hirota	06-6201-1181
0.2%	Matsui Securities Co., Ltd	03-5216-0606
0.2%	Monex, Inc	03-4323-3800
0.2%	Mito Securities Co., Ltd	03-6739-0310
0.2%	Musashi Securities Co.,Ltd	048-644-0634