Code	Sector	Market
5257	Communications	Standard

Date of listing approval	2023/02/27
Expected Date	2023/03/30
Lead Underwriter	Mizuho
Description

Listed Shares(total)	402,500
Trading Unit	100
New Shares	150,000
Existing Shares	252,500（incl. O.A.）
Shares Outstanding	PreIPO 1,200,000.00
	PostIPO 1,350,000.00
Paid Up Capital	PreIPO Y139,750,000
	PostIPO Y257,050,000
Expected Pricing Date	2023/03/10
Book Building Start	2023/03/13
Book Building End	2023/03/17
Fix Date	2023/03/20
Offering Starts	2023/03/22
Offering Ends	2023/03/27
Expect Pricing	Y1,660-Y1,700
Notional PER (based on previous period)	27.59-28.25
Notional PER(based on results forecast)	8.38-8.58
Offering Price	Y1,700
Offering Price PER (based on previous period)	8.38-8.58
Offering Price PBR (based on previous period)	2.16
Offering Price PER (based on results forecast)	8.58
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2019/12
	Consolidated	Non-consolidated
Revenue	-	4,125,554
Current Profit	-	307,551
Net Profit	-	160,362
Net Assets	-	652,067

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	-	4,075,511
Current Profit	-	213,175
Net Profit	-	137,559
Net Assets	-	787,699

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	-	4,173,106
Current Profit	-	112,177
Net Profit	-	72,206
Net Assets	-	944,955

Recent Quarter 2022/09
	Consolidated	Non-consolidated
Revenue	-	3,342,170
Current Profit	-	201,536
Net Profit	-	120,427
Net Assets	-	1,094,267

Results Forecast 2023/12
	Consolidated	Non-consolidated
Revenue	-	5,253,701
Current Profit	-	404,385
Net Profit	-	260,297
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2019/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	133.64	543.39

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	114.63	656.42

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	60.17	787.46

Fiscal Year End:Recent Quarter 2022/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-	100.36
Equity	-	-

Fiscal Year End:Results Forecast 2023/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	198.12
Equity	-	-

■Over allotment(52,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
89%	Mizuho	03-5208-3210
6%	Nomura	03-3211-1811
2%	Okasan	03-3272-2211
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Monex	03-4323-3800
1%	Matsui	03-5216-0606