Code	Sector	Market
386A	Retail	Standard

Date of listing approval	2025/06/16
Expected Date	2025/07/18
Lead Underwriter	Mizuho Securities Co., Ltd
Description

Listed Shares(total)	805,000
Trading Unit	100
New Shares	500,000
Existing Shares	305,000（incl. O.A.）
Shares Outstanding	PreIPO 3,000,000.00
	PostIPO 3,500,000.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y454,200,000
Expected Pricing Date	2025/06/30
Book Building Start	2025/07/02
Book Building End	2025/07/08
Fix Date	2025/07/09
Offering Starts	2025/07/10
Offering Ends	2025/07/15
Expect Pricing	Y1,440-Y1,540
Notional PER (based on previous period)	6.05-6.47
Notional PER(based on results forecast)	9.99-10.68
Offering Price	Y1,540
Offering Price PER (based on previous period)	9.99-10.68
Offering Price PBR (based on previous period)	1.85
Offering Price PER (based on results forecast)	10.68
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Revenue	-	18,096,753
Current Profit	-	377,150
Net Profit	-	211,103
Net Assets	-	1,399,734

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Revenue	-	20,142,979
Current Profit	-	723,823
Net Profit	-	391,349
Net Assets	-	1,785,610

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Revenue	-	22,540,002
Current Profit	-	1,045,696
Net Profit	-	714,244
Net Assets	-	2,500,133

Recent Quarter 2024/12
	Consolidated	Non-consolidated
Revenue	-	11,537,576
Current Profit	-	291,168
Net Profit	-	161,019
Net Assets	-	2,641,260

Results Forecast 2025/06
	Consolidated	Non-consolidated
Revenue	-	24,100,000
Current Profit	-	775,000
Net Profit	-	432,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Dividend	3.00
Net Earning	-	-
Equity	70.37	466.58

Fiscal Year End:2023/06
	Consolidated	Non-consolidated
Dividend	3.50
Net Earning	-	-
Equity	130.45	595.20

Fiscal Year End:2024/06
	Consolidated	Non-consolidated
Dividend	10.00
Net Earning	-	-
Equity	238.08	833.38

Fiscal Year End:Interim Results 2024/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	53.67
Equity	-	-

Fiscal Year End:Results Forecast 2025/06
	Consolidated	Non-consolidated
Dividend	10.00
Net Earning	-	144.13
Equity	-	-

■Over allotment (105,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Mizuho Securities Co., Ltd	03-5208-3210
3%	Tokai Tokyo Securities Co., Ltd	03-3566-8811
1%	Marusan Securities Co., Ltd	03-3272-5211
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	Musashi Securities Co.,Ltd	048-644-0634
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Rakuten Securities Holdings, Inc.	03-6406-2681
1%	Monex, Inc	03-4323-3800
1%	Matsui Securities Co., Ltd	03-5216-0606