Code	Sector	Market
339A	Service	Growth

Date of listing approval	2025/02/21
Expected Date	2025/03/28
Lead Underwriter	Nomura Securities Co., Ltd
Description

Listed Shares(total)	4,378,200
Trading Unit	100
New Shares	707,200
Existing Shares	3,671,000（incl. O.A.）
Shares Outstanding	PreIPO 7,072,200.00
	PostIPO 7,779,400.00
Paid Up Capital	PreIPO Y10,000,000
	PostIPO Y644,358,400
Expected Pricing Date	2025/03/11
Book Building Start	2025/03/12
Book Building End	2025/03/17
Fix Date	2025/03/18
Offering Starts	2025/03/19
Offering Ends	2025/03/25
Expect Pricing	Y1,890-Y1,950
Notional PER (based on previous period)	19.19-19.80
Notional PER(based on results forecast)	23.18-23.91
Offering Price	Y1,950
Offering Price PER (based on previous period)	23.18-23.91
Offering Price PBR (based on previous period)	4.51
Offering Price PER (based on results forecast)	23.91
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Revenue	-	0
Current Profit	-	-152,000
Net Profit	-	-73,000
Net Assets	-	1,527,000

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Revenue	4,780,000	0
Current Profit	1,071,000	-100,000
Net Profit	730,000	-76,000
Net Assets	2,352,000	1,452,000

Fiscal Year End:2024/02
	Consolidated	Non-consolidated
Revenue	5,116,000	284,000
Current Profit	996,000	-107,000
Net Profit	696,000	-83,000
Net Assets	3,060,000	1,379,000

Recent Quarter 2024/08
	Consolidated	Non-consolidated
Revenue	2,771,000	-
Current Profit	628,000	-
Net Profit	454,000	-
Net Assets	3,521,000	-

Results Forecast 2025/02
	Consolidated	Non-consolidated
Revenue	5,625,000	-
Current Profit	799,000	-
Net Profit	576,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-7.74	215.92

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	103.34	332.62
Equity	-10.81	205.33

Fiscal Year End:2024/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	98.48	432.71
Equity	-11.87	195.10

Fiscal Year End:Interim Results 2024/08
	Consolidated	Non-consolidated
Dividend
Net Earning	64.33	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/02
	Consolidated	Non-consolidated
Dividend
Net Earning	81.55	-
Equity	-	-

■Over allotment(571,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
88.5%	Nomura Securities Co., Ltd	03-3211-1811
2%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Daiwa Securities Co. Ltd	03-5555-2111
2%	Monex, Inc	03-4323-3800
1%	AIZAWA SECURITIES GROUP CO., LTD	03-3272-3118
1%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
1%	Matsui Securities Co., Ltd	03-5216-0606
0.5%	Akatsuki Securities,Inc	03-5641-7800