Code	Sector	Market
5248	Communications	Growth

Date of listing approval	2022/12/16
Expected Date	2023/01/26
Lead Underwriter	Toyo
Description

Listed Shares(total)	805,000
Trading Unit	100
New Shares	300,000
Existing Shares	505,000（incl. O.A.）
Shares Outstanding	PreIPO 2,415,400.00
	PostIPO 2,715,400.00
Paid Up Capital	PreIPO Y444,000,000
	PostIPO Y582,000,000
Expected Pricing Date	2023/01/10
Book Building Start	2023/01/11
Book Building End	2023/01/17
Fix Date	2023/01/18
Offering Starts	2023/01/19
Offering Ends	2023/01/24
Expect Pricing	Y900-Y1,000
Notional PER (based on previous period)	26.75-29.73
Notional PER(based on results forecast)	31.36-34.84
Offering Price	Y1,000
Offering Price PER (based on previous period)	31.36-34.84
Offering Price PBR (based on previous period)	6.76
Offering Price PER (based on results forecast)	34.84
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/01
	Consolidated	Non-consolidated
Revenue	-	8,640
Current Profit	-	-36,007
Net Profit	-	-36,201
Net Assets	-	197,625

Fiscal Year End:2021/01
	Consolidated	Non-consolidated
Revenue	785,227	141,766
Current Profit	23,246	-2,131
Net Profit	29,364	-2,308
Net Assets	277,192	345,317

Fiscal Year End:2022/01
	Consolidated	Non-consolidated
Revenue	789,282	192,276
Current Profit	61,450	-6,967
Net Profit	81,260	-5,795
Net Assets	357,452	339,521

Recent Quarter 2022/10
	Consolidated	Non-consolidated
Revenue	780,119	-
Current Profit	115,993	-
Net Profit	44,902	-
Net Assets	402,354	-

Results Forecast 2023/01
	Consolidated	Non-consolidated
Revenue	1,051,000	-
Current Profit	151,000	-
Net Profit	69,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/01
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-17.71	86.71

Fiscal Year End:2021/01
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	12.87	114.76
Equity	-1.01	142.96

Fiscal Year End:2022/01
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	33.64	147.99
Equity	-2.40	140.57

Fiscal Year End:Recent Quarter 2022/10
	Consolidated	Non-consolidated
Dividend
Net Earning	18.59	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/01
	Consolidated	Non-consolidated
Dividend
Net Earning	28.70	-
Equity	-	-

■Over allotment(105,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
83%	Toyo	03-5117-1040
6%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Tokai Tokyo	03-3566-8811
2%	Monex	03-4323-3800
2%	Rakuten Securities	03-6406-2681
1%	Kyokuto	03-3667-9171
1%	Matsui	03-5216-0606
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	Mito	03-6739-0310
1%	Akatsuki Securities	03-5641-7800