Code	Sector	Market
5254	Communications	Growth

Date of listing approval	2023/02/20
Expected Date	2023/03/28
Lead Underwriter	Mizuho
Description

Listed Shares(total)	1,345,500
Trading Unit	100
New Shares	700,000
Existing Shares	645,500（incl. O.A.）
Shares Outstanding	PreIPO 5,602,480.00
	PostIPO 6,023,280.00
Paid Up Capital	PreIPO Y150,000,000
	PostIPO Y428,737,920
Expected Pricing Date	2023/03/08
Book Building Start	2023/03/09
Book Building End	2023/03/15
Fix Date	2023/03/16
Offering Starts	2023/03/17
Offering Ends	2023/03/23
Expect Pricing	Y1,140-Y1,440
Notional PER (based on previous period)	-121.02--152.87
Notional PER(based on results forecast)	30.77-38.87
Offering Price	Y1,440
Offering Price PER (based on previous period)	30.77-38.87
Offering Price PBR (based on previous period)	19.11
Offering Price PER (based on results forecast)	38.87
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/06
	Consolidated	Non-consolidated
Revenue	-	761,577
Current Profit	-	376,282
Net Profit	-	251,365
Net Assets	-	383,209

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Revenue	722,031	908,151
Current Profit	45,301	339,201
Net Profit	-19,520	216,356
Net Assets	841,865	978,663

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Revenue	1,011,934	1,170,123
Current Profit	14,759	417,140
Net Profit	-48,048	304,744
Net Assets	1,990,807	2,483,307

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	851,243	-
Current Profit	168,923	-
Net Profit	75,761	-
Net Assets	2,065,709	-

Results Forecast 2023/06
	Consolidated	Non-consolidated
Revenue	1,868,000	-
Current Profit	286,000	-
Net Profit	204,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	57.01	86.16

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-4.24	96.76
Equity	47.03	128.22

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-9.42	75.35
Equity	59.76	169.07

Fiscal Year End:Interim Results 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	14.23	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/06
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	37.05	-
Equity	-	-

■Over allotment(195,000→175,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
85%	Mizuho	03-5208-3210
8%	SBI SECURITIES Co.,Ltd.	03-5562-7210
5%	Nomura	03-3211-1811
1%	Rakuten Securities	03-6406-2681
0.5%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.5%	Okasan	03-3272-2211