Code	Sector	Market
7120	Wholesale	Standard

Date of listing approval	2023/02/16
Expected Date	2023/03/22
Lead Underwriter	Daiwa
Description

Listed Shares(total)	1,005,100
Trading Unit	100
New Shares	80,000
Existing Shares	925,100（incl. O.A.）
Shares Outstanding	PreIPO 1,714,000.00
	PostIPO 1,794,000.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y180,960,000
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	Y2,060-Y2,200
Notional PER (based on previous period)	8.34-8.90
Notional PER(based on results forecast)	8.37-8.94
Offering Price	Y2,200
Offering Price PER (based on previous period)	8.37-8.94
Offering Price PBR (based on previous period)	3.81
Offering Price PER (based on results forecast)	8.94
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Revenue	-	13,356,800
Current Profit	-	635,770
Net Profit	-	420,278
Net Assets	-	1,034,041

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	-	12,684,076
Current Profit	-	477,946
Net Profit	-	236,982
Net Assets	-	1,112,360

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	13,886,281
Current Profit	-	612,539
Net Profit	-	423,521
Net Assets	-	990,351

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	-	10,721,499
Current Profit	-	520,150
Net Profit	-	332,265
Net Assets	-	1,314,046

Results Forecast 2023/03
	Consolidated	Non-consolidated
Revenue	-	15,090,000
Current Profit	-	661,000
Net Profit	-	422,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	-	-
Equity	157.16	343.52

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	-	-
Equity	50.22	389.21

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	-	-
Equity	247.10	577.80

Fiscal Year End:Recent Quarter 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	193.85
Equity	-	-

Fiscal Year End:Results Forecast 2023/03
	Consolidated	Non-consolidated
Dividend	70.00
Net Earning	-	246.04
Equity	-	-

■Over allotment(131,100)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
95%	Daiwa	03-5555-2111
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Matsui	03-5216-0606
1%	Rakuten Securities	03-6406-2681
1%	Monex	03-4323-3800
0.5%	Marusan	03-3272-5211
0.5%	Akatsuki Securities	03-5641-7800