Code	Sector	Market
5252	Communications	Growth

Date of listing approval	2023/02/16
Expected Date	2023/03/23
Lead Underwriter	SBI SECURITIES Co.,Ltd.
Description

Listed Shares(total)	431,200
Trading Unit	100
New Shares	190,000
Existing Shares	241,200（incl. O.A.）
Shares Outstanding	PreIPO 1,186,000.00
	PostIPO 1,376,000.00
Paid Up Capital	PreIPO Y86,000,000
	PostIPO Y217,100,000
Expected Pricing Date	2023/03/03
Book Building Start	2023/03/07
Book Building End	2023/03/13
Fix Date	2023/03/14
Offering Starts	2023/03/15
Offering Ends	2023/03/20
Expect Pricing	Y1,350-Y1,500
Notional PER (based on previous period)	16.33-18.14
Notional PER(based on results forecast)	14.54-16.16
Offering Price	Y1,500
Offering Price PER (based on previous period)	14.54-16.16
Offering Price PBR (based on previous period)	3.44
Offering Price PER (based on results forecast)	16.16
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Revenue	-	2,820,897
Current Profit	-	80,044
Net Profit	-	45,824
Net Assets	-	383,265

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	-	2,823,944
Current Profit	-	63,625
Net Profit	-	32,486
Net Assets	-	410,342

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	-	3,231,681
Current Profit	-	137,513
Net Profit	-	94,275
Net Assets	-	516,447

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	-	2,613,774
Current Profit	-	193,369
Net Profit	-	125,132
Net Assets	-	623,492

Results Forecast 2023/03
	Consolidated	Non-consolidated
Revenue	-	3,457,000
Current Profit	-	168,000
Net Profit	-	110,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Dividend	5.00
Net Earning	-	-
Equity	40.34	337.38

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	-	-
Equity	28.60	361.22

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	-	-
Equity	82.69	435.45

Fiscal Year End:Recent Quarter 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	105.51
Equity	-	-

Fiscal Year End:Results Forecast 2023/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	-	92.82
Equity	-	-

■Over allotment(56,200)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90.1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
6%	Nomura	03-3211-1811
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	Kyokuto	03-3667-9171
1%	Toyo	03-5117-1040
1%	Mito	03-6739-0310