Code	Sector	Market
175A	Communications	Growth

Date of listing approval	2024/03/13
Expected Date	2024/04/16
Lead Underwriter	Daiwa
Description

Listed Shares(total)	772,800
Trading Unit	100
New Shares	200,000
Existing Shares	572,800（incl. O.A.）
Shares Outstanding	PreIPO 1,344,000.00
	PostIPO 1,444,000.00
Paid Up Capital	PreIPO Y545,850,000
	PostIPO Y622,026,000
Expected Pricing Date	2024/03/29
Book Building Start	2024/04/01
Book Building End	2024/04/08
Fix Date	2024/04/08
Offering Starts	2024/04/09
Offering Ends	2024/04/12
Expect Pricing	Y1,320-Y1,380
Notional PER (based on previous period)	-5.86--6.13
Notional PER(based on results forecast)	68.43-71.54
Offering Price	Y1,656
Offering Price PER (based on previous period)	68.43-71.54
Offering Price PBR (based on previous period)	7.24
Offering Price PER (based on results forecast)	85.85
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	-	1,292,224
Current Profit	-	24,839
Net Profit	-	24,519
Net Assets	-	696,043

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	1,103,122
Current Profit	-	-20,011
Net Profit	-	-33,100
Net Assets	-	662,943

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	-	813,117
Current Profit	-	-179,339
Net Profit	-	-287,331
Net Assets	-	284,612

Recent Quarter 2023/12
	Consolidated	Non-consolidated
Revenue	-	662,615
Current Profit	-	-127,226
Net Profit	-	-128,245
Net Assets	-	156,366

Results Forecast 2024/03
	Consolidated	Non-consolidated
Revenue	-	1,080,000
Current Profit	-	29,000
Net Profit	-	24,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	19.38	517.89

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-24.63	493.26

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-225.12	228.78

Fiscal Year End:Recent Quarter 2023/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	-103.90
Equity	-	-

Fiscal Year End:Results Forecast 2024/03
	Consolidated	Non-consolidated
Dividend
Net Earning	-	19.29
Equity	-	-

■Over allotment(100,800)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
94.5%	Daiwa	03-5555-2111
4%	Nomura	03-3211-1811
0.5%	Rakuten Securities	03-6406-2681
0.5%	Monex	03-4323-3800
0.5%	Matsui	03-5216-0606