Code	Sector	Market
5576	Communications	Standard

Date of listing approval	2023/05/19
Expected Date	2023/06/21
Lead Underwriter	SMBC Nikko
Description

Listed Shares(total)	690,000
Trading Unit	100
New Shares	200,000
Existing Shares	490,000（incl. O.A.）
Shares Outstanding	PreIPO 2,220,000.00
	PostIPO 2,277,000.00
Paid Up Capital	PreIPO Y74,750,000
	PostIPO Y119,586,200
Expected Pricing Date	2023/06/05
Book Building Start	2023/06/06
Book Building End	2023/06/12
Fix Date	2023/06/13
Offering Starts	2023/06/14
Offering Ends	2023/06/19
Expect Pricing	Y1,510-Y1,710
Notional PER (based on previous period)	9.26-10.49
Notional PER(based on results forecast)	8.42-9.54
Offering Price	Y1,710
Offering Price PER (based on previous period)	8.42-9.54
Offering Price PBR (based on previous period)	1.05
Offering Price PER (based on results forecast)	9.54
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Revenue	-	6,363,271
Current Profit	-	477,810
Net Profit	-	320,621
Net Assets	-	2,735,460

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	-	6,069,967
Current Profit	-	403,061
Net Profit	-	275,877
Net Assets	-	3,062,504

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	5,992,188
Current Profit	-	482,609
Net Profit	-	338,551
Net Assets	-	3,371,395

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	-	4,541,010
Current Profit	-	376,926
Net Profit	-	256,242
Net Assets	-	3,547,990

Results Forecast 2024/03
	Consolidated	Non-consolidated
Revenue	-	6,503,000
Current Profit	-	579,000
Net Profit	-	400,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Dividend	30.00
Net Earning	-	-
Equity	157.17	1,340.91

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	40.00
Net Earning	-	-
Equity	135.05	1,474.48

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	50.00
Net Earning	-	-
Equity	163.00	1,623.20

Fiscal Year End:Recent Quarter 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	123.37
Equity	-	-

Fiscal Year End:Results Forecast 2024/03
	Consolidated	Non-consolidated
Dividend
Net Earning	-	179.30
Equity	-	-

■Over allotment(90,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	SMBC Nikko	03-5644-3111
3%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	Monex	03-4323-3800
1%	Matsui	03-5216-0606
1%	Akatsuki Securities	03-5641-7800