Code	Sector	Market
5532	Real Estate	Growth

Date of listing approval	2023/05/19
Expected Date	2023/06/22
Lead Underwriter	Daiwa
Description

Listed Shares(total)	770,500
Trading Unit	100
New Shares	670,000
Existing Shares	100,500（only O.A.）
Shares Outstanding	PreIPO 2,000,000.00
	PostIPO 2,670,000.00
Paid Up Capital	PreIPO Y30,000,000
	PostIPO Y581,678,000
Expected Pricing Date	2023/06/05
Book Building Start	2023/06/07
Book Building End	2023/06/13
Fix Date	2023/06/14
Offering Starts	2023/06/15
Offering Ends	2023/06/20
Expect Pricing	Y1,700-Y1,790
Notional PER (based on previous period)	94.18-99.17
Notional PER(based on results forecast)	12.70-13.38
Offering Price	Y1,790
Offering Price PER (based on previous period)	12.70-13.38
Offering Price PBR (based on previous period)	4.89
Offering Price PER (based on results forecast)	13.38
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/10
	Consolidated	Non-consolidated
Revenue	-	3,768,685
Current Profit	-	349,968
Net Profit	-	269,311
Net Assets	-	596,721

Fiscal Year End:2021/09
	Consolidated	Non-consolidated
Revenue	-	3,810,845
Current Profit	-	264,684
Net Profit	-	53,927
Net Assets	-	695,464

Fiscal Year End:2022/09
	Consolidated	Non-consolidated
Revenue	-	5,843,209
Current Profit	-	387,594
Net Profit	-	36,099
Net Assets	-	736,915

Recent Quarter 2023/03
	Consolidated	Non-consolidated
Revenue	-	3,894,067
Current Profit	-	393,835
Net Profit	-	249,488
Net Assets	-	986,404

Results Forecast 2023/09
	Consolidated	Non-consolidated
Revenue	-	6,900,000
Current Profit	-	435,000
Net Profit	-	292,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/10
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	134.66	298.36

Fiscal Year End:2021/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	26.96	347.73

Fiscal Year End:2022/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	18.05	365.78

Fiscal Year End:Interim Results 2023/03
	Consolidated	Non-consolidated
Dividend
Net Earning	-	124.74
Equity	-	-

Fiscal Year End:Results Forecast 2023/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-	133.82
Equity	-	-

■Over allotment(100,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Daiwa	03-5555-2111
3%	SMBC Nikko	03-5644-3111
3%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1.5%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1.5%	Okasan	03-3272-2211
1%	Monex	03-4323-3800