Code	Sector	Market
369A	Service	Growth

Date of listing approval	2025/05/23
Expected Date	2025/06/26
Lead Underwriter	Daiwa Securities Co. Ltd
Description

Listed Shares(total)	1,614,600
Trading Unit	100
New Shares	204,000
Existing Shares	1,410,600（incl. O.A.）
Shares Outstanding	PreIPO 4,000,000.00
	PostIPO 4,204,000.00
Paid Up Capital	PreIPO Y20,000,000
	PostIPO Y161,698,400
Expected Pricing Date	2025/06/09
Book Building Start	2025/06/11
Book Building End	2025/06/17
Fix Date	2025/06/18
Offering Starts	2025/06/19
Offering Ends	2025/06/24
Expect Pricing	Y1,480-Y1,510
Notional PER (based on previous period)	19.91-20.31
Notional PER(based on results forecast)	13.73-14.01
Offering Price	Y1,510
Offering Price PER (based on previous period)	13.73-14.01
Offering Price PBR (based on previous period)	2.38
Offering Price PER (based on results forecast)	14.01
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Revenue	-	1,782,635
Current Profit	-	412,547
Net Profit	-	276,024
Net Assets	-	1,963,271

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Revenue	-	1,928,589
Current Profit	-	407,276
Net Profit	-	275,870
Net Assets	-	2,239,141

Fiscal Year End:2024/08
	Consolidated	Non-consolidated
Revenue	-	2,376,316
Current Profit	-	507,517
Net Profit	-	297,366
Net Assets	-	2,536,508

Recent Quarter 2025/02
	Consolidated	Non-consolidated
Revenue	-	1,400,424
Current Profit	-	413,951
Net Profit	-	288,606
Net Assets	-	2,705,115

Results Forecast 2025/08
	Consolidated	Non-consolidated
Revenue	-	2,855,000
Current Profit	-	706,000
Net Profit	-	435,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	69.01	490.82

Fiscal Year End:2023/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	68.97	559.79

Fiscal Year End:2024/08
	Consolidated	Non-consolidated
Dividend	30.00
Net Earning	-	-
Equity	74.34	634.13

Fiscal Year End:Interim Results 2025/02
	Consolidated	Non-consolidated
Dividend
Net Earning	-	72.15
Equity	-	-

Fiscal Year End:Results Forecast 2025/08
	Consolidated	Non-consolidated
Dividend	38.05
Net Earning	-	107.79
Equity	-	-

■Over allotment (210,600)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
98%	Daiwa Securities Co. Ltd	03-5555-2111
0.5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.5%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.2%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.2%	OKASAN SECURITIES GROUP INC	03-3272-2211
0.2%	Matsui Securities Co., Ltd	03-5216-0606
0.2%	Marusan Securities Co., Ltd	03-3272-5211
0.1%	Akatsuki Securities,Inc	03-5641-7800
0.1%	Mito Securities Co., Ltd	03-6739-0310