Code	Sector	Market
5027	Communications	Growth

Date of listing approval	2023/02/28
Expected Date	2023/03/29
Lead Underwriter	Mizuho
Description

Listed Shares(total)	3,092,900
Trading Unit	100
New Shares	885,300
Existing Shares	2,207,600（incl. O.A.）
Shares Outstanding	PreIPO 56,100,900.00
	PostIPO 56,986,200.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y434,972,000
Expected Pricing Date	2023/03/12
Book Building Start	2023/03/13
Book Building End	2023/03/17
Fix Date	2023/03/20
Offering Starts	2023/03/22
Offering Ends	2023/03/27
Expect Pricing	Y970-Y1,000
Notional PER (based on previous period)	-48.31--49.80
Notional PER(based on results forecast)	655.41-675.68
Offering Price	Y1,000
Offering Price PER (based on previous period)	655.41-675.68
Offering Price PBR (based on previous period)	7.23
Offering Price PER (based on results forecast)	675.68
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2019/12
	Consolidated	Non-consolidated
Revenue	6,502,971	-
Current Profit	-358,500	-
Net Profit	-348,983	-
Net Assets	612,124	10

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	11,080,345	-
Current Profit	-1,045,644	-131,593
Net Profit	-1,151,058	-598,138
Net Assets	-492,866	3,097,118

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	19,252,597	-
Current Profit	-538,591	-53,047
Net Profit	-809,952	-566,506
Net Assets	7,130,179	2,742,748

Recent Quarter 2022/09
	Consolidated	Non-consolidated
Revenue	17,191,694	-
Current Profit	119,782	-
Net Profit	-123,609	-
Net Assets	11,445,593	-

Results Forecast 2023/12
	Consolidated	Non-consolidated
Revenue	32,744,000	-
Current Profit	278,000	-
Net Profit	84,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2019/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-11.36	19.93
Equity	-	0.17

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-36.87	-15.42
Equity	-19.16	96.91

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-20.08	138.27
Equity	-14.04	53.10

Fiscal Year End:Recent Quarter 2022/09
	Consolidated	Non-consolidated
Dividend
Net Earning	-2.34	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	1.48	-
Equity	-	-

■Over allotment(403,400)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
64.8%	Mizuho	03-5208-3210
28.7%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Daiwa	03-5555-2111
1%	Nomura	03-3211-1811
0.7%	Matsui	03-5216-0606
0.7%	SMBC Nikko	03-5644-3111
0.5%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.5%	Okasan	03-3272-2211