Code	Sector	Market
340A	Communications	Growth

Date of listing approval	2025/02/25
Expected Date	2025/03/31
Lead Underwriter	Daiwa
Description

Listed Shares(total)	866,400
Trading Unit	100
New Shares	340,000
Existing Shares	526,400（incl. O.A.）
Shares Outstanding	PreIPO 1,960,440.00
	PostIPO 2,300,440.00
Paid Up Capital	PreIPO Y90,000,000
	PostIPO Y324,600,000
Expected Pricing Date	2025/03/12
Book Building Start	2025/03/13
Book Building End	2025/03/19
Fix Date	2025/03/21
Offering Starts	2025/03/24
Offering Ends	2025/03/27
Expect Pricing	Y1,470-Y1,500
Notional PER (based on previous period)	17.64-18.00
Notional PER(based on results forecast)	13.99-14.27
Offering Price	Y1,500
Offering Price PER (based on previous period)	13.99-14.27
Offering Price PBR (based on previous period)	-872.09
Offering Price PER (based on results forecast)	14.27
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	559,634
Current Profit	-	-82,588
Net Profit	-	-86,992
Net Assets	-	40,521

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Revenue	-	802,021
Current Profit	-	31,831
Net Profit	-	47,874
Net Assets	-	88,395

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Revenue	-	1,106,229
Current Profit	-	177,883
Net Profit	-	163,387
Net Assets	-	251,782

Recent Quarter 2024/11
	Consolidated	Non-consolidated
Revenue	-	693,368
Current Profit	-	164,900
Net Profit	-	106,738
Net Assets	-	358,520

Results Forecast 2025/05
	Consolidated	Non-consolidated
Revenue	-	1,427,000
Current Profit	-	284,000
Net Profit	-	206,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-44.63	-109.48

Fiscal Year End:2023/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	24.42	-85.06

Fiscal Year End:2024/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	83.34	-1.72

Fiscal Year End:Interim Results 2024/11
	Consolidated	Non-consolidated
Dividend
Net Earning	-	54.45
Equity	-	-

Fiscal Year End:Results Forecast 2025/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	105.09
Equity	-	-

■Over allotment(113,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Daiwa	03-5555-2111
3%	Mizuho	03-5208-3210
3%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Marusan	03-3272-5211
1%	Rakuten Securities	03-6406-2681
0.5%	Matsui	03-5216-0606
0.5%	Monex	03-4323-3800
0.5%	Tokai Tokyo	03-3566-8811
0.5%	Kyokuto	03-3667-9171