Code	Sector	Market
173A	Communications	Growth

Date of listing approval	2024/03/07
Expected Date	2024/04/11
Lead Underwriter	SMBC Nikko
Description

Listed Shares(total)	1,526,000
Trading Unit	100
New Shares	50,000
Existing Shares	1,476,000（incl. O.A.）
Shares Outstanding	PreIPO 4,310,000.00
	PostIPO 4,360,000.00
Paid Up Capital	PreIPO Y36,483,000
	PostIPO Y83,863,000
Expected Pricing Date	2024/03/26
Book Building Start	2024/03/27
Book Building End	2024/04/02
Fix Date	2024/04/03
Offering Starts	2024/04/04
Offering Ends	2024/04/09
Expect Pricing	Y1,940-Y2,060
Notional PER (based on previous period)	19.23-20.41
Notional PER(based on results forecast)	13.63-14.47
Offering Price	Y2,060
Offering Price PER (based on previous period)	13.63-14.47
Offering Price PBR (based on previous period)	5.69
Offering Price PER (based on results forecast)	14.47
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	-	3,130,866
Current Profit	-	-424,242
Net Profit	-	-323,750
Net Assets	-	195,444

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	3,647,094
Current Profit	-	409,138
Net Profit	-	931,565
Net Assets	-	1,222,679

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	-	3,993,779
Current Profit	-	504,002
Net Profit	-	417,136
Net Assets	-	1,505,818

Recent Quarter 2023/12
	Consolidated	Non-consolidated
Revenue	-	3,108,645
Current Profit	-	514,578
Net Profit	-	358,837
Net Assets	-	1,831,840

Results Forecast 2024/03
	Consolidated	Non-consolidated
Revenue	-	4,225,000
Current Profit	-	732,000
Net Profit	-	591,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	1.39
Net Earning	-	-
Equity	-92.77	57.65

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	35.00
Net Earning	-	-
Equity	247.69	296.05

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	18.00
Net Earning	-	-
Equity	100.91	362.32

Fiscal Year End:Recent Quarter 2023/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	86.34
Equity	-	-

Fiscal Year End:Results Forecast 2024/03
	Consolidated	Non-consolidated
Dividend	30.00
Net Earning	-	142.33
Equity	-	-

■Over allotment(199,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
92.5%	SMBC Nikko	03-5644-3111
3%	Nomura	03-3211-1811
1%	Mizuho	03-5208-3210
0.7%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.5%	Okasan	03-3272-2211
0.5%	Tokai Tokyo	03-3566-8811
0.5%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.5%	Akatsuki Securities	03-5641-7800
0.5%	Marusan	03-3272-5211
0.2%	Matsui	03-5216-0606