Code	Sector	Market
205A	Construction	Growth

Date of listing approval	2024/05/24
Expected Date	2024/06/28
Lead Underwriter	SMBC Nikko
Description

Listed Shares(total)	1,605,800
Trading Unit	100
New Shares	50,000
Existing Shares	1,555,800（incl. O.A.）
Shares Outstanding	PreIPO 3,858,066.00
	PostIPO 3,908,066.00
Paid Up Capital	PreIPO Y39,005,000
	PostIPO Y91,789,500
Expected Pricing Date	2024/06/12
Book Building Start	2024/06/13
Book Building End	2024/06/19
Fix Date	2024/06/20
Offering Starts	2024/06/21
Offering Ends	2024/06/26
Expect Pricing	Y2,190-Y2,290
Notional PER (based on previous period)	-104.48--109.26
Notional PER(based on results forecast)	9.28-9.70
Offering Price	Y2,290
Offering Price PER (based on previous period)	9.28-9.70
Offering Price PBR (based on previous period)	2.77
Offering Price PER (based on results forecast)	9.70
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Revenue	-	-
Current Profit	-	-9,194
Net Profit	-	61,013
Net Assets	-	1,673,588

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	24,850,348	1,551,570
Current Profit	1,189,239	831,646
Net Profit	774,024	800,403
Net Assets	3,270,863	2,534,001

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	28,025,793	1,144,250
Current Profit	-139,664	8,609
Net Profit	-80,865	35,254
Net Assets	3,190,802	2,569,255

Recent Quarter 2024/02
	Consolidated	Non-consolidated
Revenue	20,257,022	-
Current Profit	357,766	-
Net Profit	181,529	-
Net Assets	3,384,111	-

Results Forecast 2024/05
	Consolidated	Non-consolidated
Revenue	32,725,000	-
Current Profit	1,426,000	-
Net Profit	910,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	19.21	437.80

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	202.45	847.80
Equity	209.35	656.81

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-20.96	827.05
Equity	9.14	665.94

Fiscal Year End:Recent Quarter 2024/02
	Consolidated	Non-consolidated
Dividend
Net Earning	47.05	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/05
	Consolidated	Non-consolidated
Dividend
Net Earning	236.09	-
Equity	-	-

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	SMBC Nikko	03-5644-3111
2.5%	Nomura	03-3211-1811
2%	Daiwa	03-5555-2111
1.5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1.5%	Rakuten Securities	03-6406-2681
1%	North Pacific Securities Co.,Ltd.	011-221-8536
0.5%	Tokai Tokyo	03-3566-8811
0.5%	Shizugin TM	054‐255‐7511
0.2%	Chibagin Securities Co., Ltd.	043-222-1141