Code	Sector	Market
297A	Retail	Standard

Date of listing approval	2024/11/21
Expected Date	2024/12/25
Lead Underwriter	Mizuho
Description

Listed Shares(total)	14,292,700
Trading Unit	100
New Shares	11,000,000
Existing Shares	3,292,700（incl. O.A.）
Shares Outstanding	PreIPO 60,113,460.00
	PostIPO 71,113,460.00
Paid Up Capital	PreIPO Y338,465,000
	PostIPO Y1,304,925,000
Expected Pricing Date	2024/12/05
Book Building Start	2024/12/09
Book Building End	2024/12/13
Fix Date	2024/12/16
Offering Starts	2024/12/17
Offering Ends	2024/12/20
Expect Pricing	Y173-Y191
Notional PER (based on previous period)	12.25-13.53
Notional PER(based on results forecast)	6.64-7.33
Offering Price	Y191
Offering Price PER (based on previous period)	6.64-7.33
Offering Price PBR (based on previous period)	1.51
Offering Price PER (based on results forecast)	7.33
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	87,796,789	760,738
Current Profit	-603,494	2,132
Net Profit	-643,116	-1,197,053
Net Assets	9,832,952	3,363,331

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	92,637,628	869,108
Current Profit	527,571	-45,013
Net Profit	72,528	86,021
Net Assets	9,789,909	3,333,062

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Revenue	99,620,488	1,662,139
Current Profit	2,123,097	543,175
Net Profit	904,465	651,123
Net Assets	10,533,525	3,807,974

Recent Quarter 2024/09
	Consolidated	Non-consolidated
Revenue	52,278,607	-
Current Profit	2,238,988	-
Net Profit	1,634,583	-
Net Assets	11,930,048	-

Results Forecast 2025/03
	Consolidated	Non-consolidated
Revenue	102,300,000	-
Current Profit	2,500,000	-
Net Profit	1,700,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-11.69	114.96
Equity	-20.94	7.00

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	0.25	114.24
Equity	0.47	6.50

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	14.12	126.26
Equity	9.90	14.38

Fiscal Year End:Interim Results 2024/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	27.48	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/03
	Consolidated	Non-consolidated
Dividend	3.00
Net Earning	26.05	-
Equity	-	-

■Over allotment(1,864,200)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
80%	Mizuho	03-5208-3210
7%	Nomura	03-3211-1811
5%	HACHIJUNI　SECURITIES　Co.,Ltd	0268-22-5536
3%	Nagano	026-228-3002
3%	Daiwa	03-5555-2111
2%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500