Code	Sector	Market
336A	Communications	Growth

Date of listing approval	2025/02/19
Expected Date	2025/03/27
Lead Underwriter	SMBC Nikko
Description

Listed Shares(total)	7,084,000
Trading Unit	100
New Shares	4,810,000
Existing Shares	2,274,000（incl. O.A.）
Shares Outstanding	PreIPO 18,814,850.00
	PostIPO 23,624,850.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y1,923,090,400
Expected Pricing Date	2025/03/10
Book Building Start	2025/03/11
Book Building End	2025/03/17
Fix Date	2025/03/18
Offering Starts	2025/03/19
Offering Ends	2025/03/25
Expect Pricing	Y1,130-Y1,200
Notional PER (based on previous period)	-5.25--5.58
Notional PER(based on results forecast)	-11.89--12.63
Offering Price	Y1,200
Offering Price PER (based on previous period)	-11.89--12.63
Offering Price PBR (based on previous period)	4.68
Offering Price PER (based on results forecast)	-12.63
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	601,000
Current Profit	-	-1,792,000
Net Profit	-	-19,848,000
Net Assets	-	2,816,000

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	3,681,000	1,343,000
Current Profit	-3,453,000	-1,455,000
Net Profit	-4,117,000	-4,740,000
Net Assets	8,786,000	10,789,000

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Revenue	5,567,000	1,651,000
Current Profit	-2,490,000	-1,373,000
Net Profit	-4,049,000	-3,178,000
Net Assets	4,854,000	7,610,000

Recent Quarter 2024/09
	Consolidated	Non-consolidated
Revenue	2,248,000	-
Current Profit	-1,409,000	-
Net Profit	-1,416,000	-
Net Assets	3,837,000	-

Results Forecast 2025/03
	Consolidated	Non-consolidated
Revenue	7,072,000	-
Current Profit	-1,734,000	-
Net Profit	-1,794,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-1,388.94	183.85

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-236.25	465.56
Equity	-272.02	572.40

Fiscal Year End:2024/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-215.24	256.68
Equity	-168.92	403.48

Fiscal Year End:Interim Results 2024/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-75.26	-
Equity	-	-

Fiscal Year End:Results Forecast 2025/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-95.02	-
Equity	-	-

■Over allotment(699,600)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
82%	SMBC Nikko	03-5644-3111
8.5%	Daiwa	03-5555-2111
3%	Mizuho	03-5208-3210
2.7%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Nomura	03-3211-1811
0.3%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.3%	Monex	03-4323-3800
0.3%	Rakuten Securities	03-6406-2681
0.3%	Matsui	03-5216-0606
0.3%	Okasan	03-3272-2211
0.3%	Akatsuki Securities	03-5641-7800