Code	Sector	Market
5255	Communications	Growth

Date of listing approval	2023/02/24
Expected Date	2023/03/28
Lead Underwriter	Daiwa
Description

Listed Shares(total)	5,972,800
Trading Unit	100
New Shares	1,800,000
Existing Shares	4,172,800（incl. O.A.）
Shares Outstanding	PreIPO 31,701,950.00
	PostIPO 33,501,950.00
Paid Up Capital	PreIPO Y1,083,744,000
	PostIPO Y1,679,904,000
Expected Pricing Date	2023/03/09
Book Building Start	2023/03/10
Book Building End	2023/03/16
Fix Date	2023/03/17
Offering Starts	2023/03/20
Offering Ends	2023/03/24
Expect Pricing	Y660-Y720
Notional PER (based on previous period)	-5.83--6.36
Notional PER(based on results forecast)	24.73-26.98
Offering Price	Y720
Offering Price PER (based on previous period)	24.73-26.98
Offering Price PBR (based on previous period)	5.73
Offering Price PER (based on results forecast)	26.98
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2019/12
	Consolidated	Non-consolidated
Revenue	-	2,828,355
Current Profit	-	-632,632
Net Profit	-	-1,501,073
Net Assets	-	2,912,740

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	7,419,718	3,983,847
Current Profit	-1,549,117	216,550
Net Profit	-1,274,098	-1,605,314
Net Assets	3,161,378	5,805,881

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	9,346,424	2,852,153
Current Profit	-3,089,871	-849,979
Net Profit	-3,053,307	-5,090,587
Net Assets	3,752,382	3,726,350

Recent Quarter 2022/09
	Consolidated	Non-consolidated
Revenue	10,125,872	-
Current Profit	-106,551	-
Net Profit	-308,884	-
Net Assets	4,160,529	-

Results Forecast 2023/12
	Consolidated	Non-consolidated
Revenue	17,441,000	-
Current Profit	1,388,000	-
Net Profit	883,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2019/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-76.92	138.29

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-55.88	119.84
Equity	-70.41	220.09

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-113.18	125.71
Equity	-188.71	124.84

Fiscal Year End:Recent Quarter 2022/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-509.74	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	26.69	-
Equity	-	-

■Over allotment(630,000→779,000株)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
97.6%	Daiwa	03-5555-2111
0.8%	aizawa	03-3272-3118
0.8%	SBI SECURITIES Co.,Ltd.	03-5562-7210
0.8%	Rakuten Securities	03-6406-2681