Code	Sector	Market
277A	Service	Growth

Date of listing approval	2024/10/24
Expected Date	2024/11/29
Lead Underwriter	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Description

Listed Shares(total)	1,085,600
Trading Unit	100
New Shares	530,000
Existing Shares	555,600（incl. O.A.）
Shares Outstanding	PreIPO 5,215,600.00
	PostIPO 5,745,600.00
Paid Up Capital	PreIPO Y90,000,000
	PostIPO Y1,195,288,500
Expected Pricing Date	2024/11/13
Book Building Start	2024/11/14
Book Building End	2024/11/20
Fix Date	2024/11/21
Offering Starts	2024/11/22
Offering Ends	2024/11/27
Expect Pricing	Y4,330-Y4,530
Notional PER (based on previous period)	86.69-90.69
Notional PER(based on results forecast)	16.94-17.72
Offering Price	Y4,530
Offering Price PER (based on previous period)	16.94-17.72
Offering Price PBR (based on previous period)	15.85
Offering Price PER (based on results forecast)	17.72
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	417,440
Current Profit	-	106,207
Net Profit	-	77,653
Net Assets	-	212,757

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	-	2,606,586
Current Profit	-	738,367
Net Profit	-	473,606
Net Assets	-	1,247,546

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Revenue	4,175,324	3,979,764
Current Profit	378,800	371,161
Net Profit	260,507	259,162
Net Assets	1,551,998	1,545,744

Recent Quarter 2024/08
	Consolidated	Non-consolidated
Revenue	1,720,381	-
Current Profit	618,623	-
Net Profit	399,877	-
Net Assets	2,338,954	-

Results Forecast 2025/05
	Consolidated	Non-consolidated
Revenue	7,612,000	-
Current Profit	2,187,000	-
Net Profit	1,401,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	15.53	42.55

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	92.59	234.94

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	49.95	285.83
Equity	49.69	284.63

Fiscal Year End:Recent Quarter 2024/08
	Consolidated	Non-consolidated
Dividend
Net Earning	76.67	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	255.59	-
Equity	-	-

■Over allotment(141,600)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
41.8%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
34.2%	Morgan Stanley MUFG Securities Co., Ltd.	03-5424-5000
19%	Daiwa	03-5555-2111
1.7%	Nomura	03-3211-1811
1.1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.7%	Rakuten Securities	03-6406-2681
0.4%	Matsui	03-5216-0606
0.4%	Monex	03-4323-3800
0.3%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.14%	Okasan	03-3272-2211
0.07%	Kyokuto	03-3667-9171
0.07%	Akatsuki Securities	03-5641-7800