Code	Sector	Market
9388	Service	FSEQ

Date of listing approval	2025/02/17
Expected Date	2025/03/21
Lead Underwriter	Phillip Securities Japan
Description

Listed Shares(total)	230,000
Trading Unit	100
New Shares	100,000
Existing Shares	130,000（incl. O.A.）
Shares Outstanding	PreIPO 1,725,000.00
	PostIPO 1,825,000.00
Paid Up Capital	PreIPO Y50,000,000
	PostIPO Y82,200,000
Expected Pricing Date	2025/03/04
Book Building Start	2025/03/05
Book Building End	2025/03/11
Fix Date	2025/03/12
Offering Starts	2025/03/13
Offering Ends	2025/03/18
Expect Pricing	Y700-Y740
Notional PER (based on previous period)	5.10-5.39
Notional PER(based on results forecast)	5.19-5.49
Offering Price	Y700
Offering Price PER (based on previous period)	5.19-5.49
Offering Price PBR (based on previous period)	1.07
Offering Price PER (based on results forecast)	5.19
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Revenue	-	3,629,241
Current Profit	-	242,851
Net Profit	-	157,073
Net Assets	-	756,483

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Revenue	-	4,007,972
Current Profit	-	294,100
Net Profit	-	202,369
Net Assets	-	950,227

Fiscal Year End:2024/02
	Consolidated	Non-consolidated
Revenue	-	4,491,921
Current Profit	-	341,749
Net Profit	-	235,220
Net Assets	-	1,048,223

Recent Quarter 2024/08
	Consolidated	Non-consolidated
Revenue	-	2,662,936
Current Profit	-	282,298
Net Profit	-	184,674
Net Assets	-	1,216,947

Results Forecast 2025/02
	Consolidated	Non-consolidated
Revenue	-	5,004,000
Current Profit	-	330,000
Net Profit	-	215,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	-	-
Equity	91.06	438.53

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Dividend	7.00
Net Earning	-	-
Equity	117.32	550.84

Fiscal Year End:2024/02
	Consolidated	Non-consolidated
Dividend	20.00
Net Earning	-	-
Equity	137.21	657.18

Fiscal Year End:Interim Results 2024/08
	Consolidated	Non-consolidated
Dividend
Net Earning	-	1,157.83
Equity	-	-

Fiscal Year End:Results Forecast 2025/02
	Consolidated	Non-consolidated
Dividend
Net Earning	-	134.88
Equity	-	-

■Over allotment(30,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
86%	Phillip Securities Japan	03-3666-2101
4%	Matsui Securities Co., Ltd	03-5216-0606
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	AIZAWA SECURITIES GROUP CO., LTD	03-3272-3118
2%	TOYO SECURITIES CO.,LTD	03-5117-1040
2%	Akatsuki Securities,Inc	03-5641-7800
2%	J Trust Global Securities Co., Ltd.	03-4560-0200