Code	Sector	Market
9348	Service	Growth

Date of listing approval	2023/03/08
Expected Date	2023/04/12
Lead Underwriter	SMBC Nikko
Description

Listed Shares(total)	27,762,400
Trading Unit	100
New Shares	26,519,500
Existing Shares	1,242,900（only O.A.）
Shares Outstanding	PreIPO 53,901,120.00
	PostIPO 80,420,620.00
Paid Up Capital	PreIPO Y93,022,000
	PostIPO Y2,349,167,348
Expected Pricing Date	2023/03/27
Book Building Start	2023/03/28
Book Building End	2023/03/31
Fix Date	2023/04/03
Offering Starts	2023/04/04
Offering Ends	2023/04/07
Expect Pricing	Y234-Y254
Notional PER (based on previous period)	-3.01--3.27
Notional PER(based on results forecast)	-1.12--1.21
Offering Price	Y254
Offering Price PER (based on previous period)	-1.12--1.21
Offering Price PBR (based on previous period)	1.55
Offering Price PER (based on results forecast)	-1.21
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Revenue	-	216,484
Current Profit	-	-1,610,855
Net Profit	-	-1,614,664
Net Assets	-	6,395,338

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	506,639	409,717
Current Profit	-2,609,415	-2,632,265
Net Profit	-2,614,959	-2,637,810
Net Assets	7,327,365	7,293,058

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	674,141	573,284
Current Profit	-4,039,154	-4,145,021
Net Profit	-4,059,896	-4,210,385
Net Assets	8,831,549	8,654,986

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	823,818	-
Current Profit	-9,717,646	-
Net Profit	-9,717,604	-
Net Assets	-554,501	-

Results Forecast 2023/03
	Consolidated	Non-consolidated
Revenue	984,000	-
Current Profit	-11,287,000	-
Net Profit	-11,293,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-35.90	-92.46

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-54.95	-136.58
Equity	-55.43	-137.27

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-77.68	163.74
Equity	-80.56	160.46

Fiscal Year End:Recent Quarter 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-180.29	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-209.52	-
Equity	-	-

■Over allotment(1,242,900)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
85%	SMBC Nikko	03-5644-3111
6%	SBI SECURITIES Co.,Ltd.	03-5562-7210
3%	Monex	03-4323-3800
2.2%	Matsui	03-5216-0606
2.2%	aizawa	03-3272-3118
1.5%	Akatsuki Securities	03-5641-7800