Code	Sector	Market
198A	Communications	Growth

Date of listing approval	2024/05/17
Expected Date	2024/06/20
Lead Underwriter	Mizuho
Description

Listed Shares(total)	3,369,500
Trading Unit	100
New Shares	100,000
Existing Shares	3,269,500（incl. O.A.）
Shares Outstanding	PreIPO 10,000,000.00
	PostIPO 10,100,000.00
Paid Up Capital	PreIPO Y1,000,000
	PostIPO Y21,700,000
Expected Pricing Date	2024/06/03
Book Building Start	2024/06/04
Book Building End	2024/06/10
Fix Date	2024/06/11
Offering Starts	2024/06/12
Offering Ends	2024/06/17
Expect Pricing	Y430-Y450
Notional PER (based on previous period)	23.11-24.18
Notional PER(based on results forecast)	17.90-18.73
Offering Price	Y450
Offering Price PER (based on previous period)	17.90-18.73
Offering Price PBR (based on previous period)	7.47
Offering Price PER (based on results forecast)	18.73
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Revenue	-	205,858
Current Profit	-	318,501
Net Profit	-	206,707
Net Assets	-	215,137

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	644,380
Current Profit	-	419,574
Net Profit	-	200,848
Net Assets	-	419,161

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	-	787,137
Current Profit	-	260,515
Net Profit	-	186,098
Net Assets	-	605,554

Recent Quarter 2024/02
	Consolidated	Non-consolidated
Revenue	-	734,340
Current Profit	-	338,454
Net Profit	-	221,579
Net Assets	-	826,833

Results Forecast 2024/05
	Consolidated	Non-consolidated
Revenue	-	936,000
Current Profit	-	366,000
Net Profit	-	240,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	20.67	21.51

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	20.08	41.60

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	18.61	60.21

Fiscal Year End:Recent Quarter 2024/02
	Consolidated	Non-consolidated
Dividend
Net Earning	-	22.16
Equity	-	-

Fiscal Year End:Results Forecast 2024/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	24.02
Equity	-	-

■Over allotment(439,500）

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
95%	Mizuho	03-5208-3210
1%	SMBC Nikko	03-5644-3111
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Daiwa	03-5555-2111
1%	Monex	03-4323-3800
1%	Rakuten Securities	03-6406-2681