Code	Sector	Market
5530	Real Estate	Main

Date of listing approval	2023/03/10
Expected Date	2023/04/14
Lead Underwriter	Okasan
Description

Listed Shares(total)	172,500
Trading Unit	100
New Shares	100,000
Existing Shares	72,500（incl. O.A.）
Shares Outstanding	PreIPO 1,045,144.00
	PostIPO 1,145,144.00
Paid Up Capital	PreIPO Y497,150,000
	PostIPO Y583,630,000
Expected Pricing Date	2023/03/27
Book Building Start	2023/03/29
Book Building End	2023/04/04
Fix Date	2023/04/05
Offering Starts	2023/04/06
Offering Ends	2023/04/11
Expect Pricing	Y1,800-Y1,880
Notional PER (based on previous period)	10.47-10.94
Notional PER(based on results forecast)	9.55-9.97
Offering Price	Y1,880
Offering Price PER (based on previous period)	9.55-9.97
Offering Price PBR (based on previous period)	1.19
Offering Price PER (based on results forecast)	9.97
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/06
	Consolidated	Non-consolidated
Revenue	-	6,414,528
Current Profit	-	-26,728
Net Profit	-	26,548
Net Assets	-	1,575,988

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Revenue	6,947,155	5,964,166
Current Profit	-89,543	-162,974
Net Profit	-339,372	-422,980
Net Assets	1,473,317	1,128,312

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Revenue	6,776,406	5,735,011
Current Profit	340,145	121,280
Net Profit	179,380	61,749
Net Assets	1,655,179	1,192,544

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	3,367,607	-
Current Profit	252,306	-
Net Profit	152,768	-
Net Assets	1,785,257	-

Results Forecast 2023/06
	Consolidated	Non-consolidated
Revenue	6,756,060	-
Current Profit	364,577	-
Net Profit	215,845	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/06
	Consolidated	Non-consolidated
Dividend	43.00
Net Earning	-	-
Equity	25.43	1,509.77

Fiscal Year End:2021/06
	Consolidated	Non-consolidated
Dividend	27.00
Net Earning	-325.12	1,411.55
Equity	-405.22	1,081.01

Fiscal Year End:2022/06
	Consolidated	Non-consolidated
Dividend	31.00
Net Earning	171.86	1,585.82
Equity	59.16	1,142.57

Fiscal Year End:Interim Results 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	146.37	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/06
	Consolidated	Non-consolidated
Dividend	53.00
Net Earning	188.48	-
Equity	-	-

■Over allotment(22,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	Okasan	03-3272-2211
5%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%		0776-23-2830
1%	aizawa	03-3272-3118
1%	Chibagin Securities Co., Ltd.	043-222-1141
1%	Akatsuki Securities	03-5641-7800