Code	Sector	Market
281A	Communications	Growth

Date of listing approval	2024/11/01
Expected Date	2024/12/09
Lead Underwriter	Mizuho Securities Co., Ltd
Description

Listed Shares(total)	2,830,800
Trading Unit	100
New Shares	600,000
Existing Shares	2,230,800（incl. O.A.）
Shares Outstanding	PreIPO 4,263,357.00
	PostIPO 4,863,357.00
Paid Up Capital	PreIPO Y10,000,000
	PostIPO Y308,080,000
Expected Pricing Date	2024/11/19
Book Building Start	2024/11/21
Book Building End	2024/11/27
Fix Date	2024/11/28
Offering Starts	2024/11/29
Offering Ends	2024/12/04
Expect Pricing	Y890-Y1,080
Notional PER (based on previous period)	-11.57--14.04
Notional PER(based on results forecast)	36.76-44.61
Offering Price	Y1,080
Offering Price PER (based on previous period)	36.76-44.61
Offering Price PBR (based on previous period)	7.50
Offering Price PER (based on results forecast)	44.61
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	682,842
Current Profit	-	-260,207
Net Profit	-	-635,745
Net Assets	-	853,010

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	496,280	474,365
Current Profit	-300,447	-268,949
Net Profit	-369,513	-277,134
Net Assets	421,301	575,875

Fiscal Year End:2023/12
	Consolidated	Non-consolidated
Revenue	923,322	957,111
Current Profit	-71,875	-120,224
Net Profit	-313,027	-341,973
Net Assets	614,297	733,793

Recent Quarter 2024/06
	Consolidated	Non-consolidated
Revenue	470,127	-
Current Profit	35,890	-
Net Profit	37,021	-
Net Assets	659,302	-

Results Forecast 2024/12
	Consolidated	Non-consolidated
Revenue	1,067,000	-
Current Profit	111,000	-
Net Profit	104,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-173.59	222.15

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-96.23	109.72
Equity	-72.18	149.98

Fiscal Year End:2023/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-76.90	144.09
Equity	-84.01	172.12

Fiscal Year End:Interim Results 2024/06
	Consolidated	Non-consolidated
Dividend
Net Earning	8.68	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	24.21	-
Equity	-	-

■Over allotment(369,200)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Mizuho Securities Co., Ltd	03-5208-3210
4.2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
4%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.5%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
0.4%	OKASAN SECURITIES GROUP INC	03-3272-2211
0.2%	Matsui Securities Co., Ltd	03-5216-0606
0.2%	Monex, Inc	03-4323-3800
0.1%	Akatsuki Securities,Inc	03-5641-7800
0.1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.1%	TOYO SECURITIES CO.,LTD	03-5117-1040