Code	Sector	Market
7119	Retail	Growth

Date of listing approval	2023/02/15
Expected Date	2023/03/23
Lead Underwriter	Mizuho
Description

Listed Shares(total)	2,815,200
Trading Unit	100
New Shares	2,222,000
Existing Shares	593,200（incl. O.A.）
Shares Outstanding	PreIPO 8,000,000.00
	PostIPO 10,222,000.00
Paid Up Capital	PreIPO Y10,000,000
	PostIPO Y1,628,004,000
Expected Pricing Date	2023/03/03
Book Building Start	2023/03/06
Book Building End	2023/03/10
Fix Date	2023/03/13
Offering Starts	2023/03/14
Offering Ends	2023/03/17
Expect Pricing	Y1,550-Y1,720
Notional PER (based on previous period)	15.58-17.28
Notional PER(based on results forecast)	10.19-11.31
Offering Price	Y1,720
Offering Price PER (based on previous period)	10.19-11.31
Offering Price PBR (based on previous period)	7.55
Offering Price PER (based on results forecast)	11.31
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/08
	Consolidated	Non-consolidated
Revenue	-	-
Current Profit	-	-1,392,000
Net Profit	-	-1,392,000
Net Assets	-	139,000

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	15,135,000	-
Current Profit	474,000	-33,000
Net Profit	301,000	-33,000
Net Assets	1,030,000	373,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	25,233,000	939,000
Current Profit	1,172,000	813,000
Net Profit	796,000	2,054,000
Net Assets	1,823,000	2,429,000

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	22,966,000	-
Current Profit	2,009,000	-
Net Profit	1,346,000	-
Net Assets	3,172,000	-

Results Forecast 2023/03
	Consolidated	Non-consolidated
Revenue	28,472,000	-
Current Profit	1,851,000	-
Net Profit	1,226	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/08
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-1.00	-161.60

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	38.82	128.84
Equity	-4.33	-78.28

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	99.51	227.81
Equity	256.86	178.57

Fiscal Year End:Recent Quarter 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	168.36	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	152.09	-
Equity	-	-

Over allotment(367,200)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
70%	Mizuho	03-5208-3210
20%	Daiwa	03-5555-2111
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Rakuten Securities	03-6406-2681
2%	Monex	03-4323-3800
2%	Matsui	03-5216-0606
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	Okasan	03-3272-2211