Code	Sector	Market
323A	Communications	Growth

Date of listing approval	2025/01/17
Expected Date	2025/02/20
Lead Underwriter	Mizuho
Description

Listed Shares(total)	755,300
Trading Unit	100
New Shares	275,000
Existing Shares	480,300（incl. O.A.）
Shares Outstanding	PreIPO 3,043,760.00
	PostIPO 3,318,760.00
Paid Up Capital	PreIPO Y497,785,000
	PostIPO Y583,805,000
Expected Pricing Date	2025/01/31
Book Building Start	2025/02/03
Book Building End	2025/02/07
Fix Date	2025/02/10
Offering Starts	2025/02/12
Offering Ends	2025/02/17
Expect Pricing	Y590-Y680
Notional PER (based on previous period)	-13.04--15.02
Notional PER(based on results forecast)	213.00-245.49
Offering Price	Y680
Offering Price PER (based on previous period)	213.00-245.49
Offering Price PBR (based on previous period)	-3.19
Offering Price PER (based on results forecast)	245.49
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Revenue	-	516,667
Current Profit	-	-267,074
Net Profit	-	-278,212
Net Assets	-	69,327

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Revenue	-	634,197
Current Profit	-	-271,689
Net Profit	-	-272,219
Net Assets	-	100,119

Fiscal Year End:2024/02
	Consolidated	Non-consolidated
Revenue	-	785,211
Current Profit	-	-136,139
Net Profit	-	-136,669
Net Assets	-	43,419

Recent Quarter 2024/08
	Consolidated	Non-consolidated
Revenue	-	458,221
Current Profit	-	-17,816
Net Profit	-	-18,081
Net Assets	-	25,337

Results Forecast 2025/02
	Consolidated	Non-consolidated
Revenue	-	946,000
Current Profit	-	-5,000
Net Profit	-	8,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-107.13	-89.22

Fiscal Year End:2023/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-95.25	-172.59

Fiscal Year End:2024/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-45.26	-213.39

Fiscal Year End:Interim Results 2024/08
	Consolidated	Non-consolidated
Dividend
Net Earning	-	-5.94
Equity	-	-

Fiscal Year End:Results Forecast 2025/02
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	2.77
Equity	-	-

■Over allotment(98,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
85.1%	Mizuho	03-5208-3210
7%	SMBC Nikko	03-5644-3111
1.5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1.5%	Rakuten Securities	03-6406-2681
1.5%	Monex	03-4323-3800
1.5%	Matsui	03-5216-0606
1%	Okasan	03-3272-2211
0.5%	Mito	03-6739-0310
0.2%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.2%	Kyokuto	03-3667-9171