Code	Sector	Market
5571	Communications	Standard

Date of listing approval	2023/03/15
Expected Date	2023/04/19
Lead Underwriter	Mizuho
Description

Listed Shares(total)	1,035,000
Trading Unit	100
New Shares	900,000
Existing Shares	135,000（only O.A.）
Shares Outstanding	PreIPO 3,896,540.00
	PostIPO 4,796,540.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y654,760,000
Expected Pricing Date	2023/03/30
Book Building Start	2023/04/03
Book Building End	2023/04/07
Fix Date	2023/04/10
Offering Starts	2023/04/11
Offering Ends	2023/04/14
Expect Pricing	Y1,220-Y1,340
Notional PER (based on previous period)	13.70-15.05
Notional PER(based on results forecast)	10.63-11.68
Offering Price	Y1,340
Offering Price PER (based on previous period)	10.63-11.68
Offering Price PBR (based on previous period)	25.02
Offering Price PER (based on results forecast)	11.68
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Revenue	-	10,000
Current Profit	-	-90,341
Net Profit	-	-91,291
Net Assets	-	986,776

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	6,828,626	128,200
Current Profit	424,805	6,476
Net Profit	487,606	5,526
Net Assets	1,268,641	992,302

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	7,131,961	284,450
Current Profit	407,976	13,791
Net Profit	346,937	12,682
Net Assets	1,511,780	1,004,985

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	5,679,747	-
Current Profit	492,071	-
Net Profit	383,783	-
Net Assets	1,986,108	-

Results Forecast 2023/03
	Consolidated	Non-consolidated
Revenue	7,510,000	-
Current Profit	591,000	-
Net Profit	447,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-23.43	-80.38

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	125.14	-9.36
Equity	1.42	-78.96

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	89.04	53.55
Equity	3.25	-75.71

Fiscal Year End:Recent Quarter 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	98.49	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	114.72	-
Equity	-	-

■Over allotment(135,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
61%	Mizuho	03-5208-3210
33%	Daiwa	03-5555-2111
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
2%	Rakuten Securities	03-6406-2681
1%	SMBC Nikko	03-5644-3111
1%	Matsui	03-5216-0606