Code	Sector	Market
4040	Chemicals	Standard

Date of listing approval	2023/03/16
Expected Date	2023/04/20
Lead Underwriter	SMBC Nikko
Description

Listed Shares(total)	720,200
Trading Unit	100
New Shares	600,000
Existing Shares	120,200（incl. O.A.）
Shares Outstanding	PreIPO 2,330,330.00
	PostIPO 2,330,330.00
Paid Up Capital	PreIPO Y454,139,000
	PostIPO Y454,139,000
Expected Pricing Date	2023/04/04
Book Building Start	2023/04/05
Book Building End	2023/04/11
Fix Date	2023/04/12
Offering Starts	2023/04/13
Offering Ends	2023/04/18
Expect Pricing	Y1,660-Y1,740
Notional PER (based on previous period)	4.61-4.84
Notional PER(based on results forecast)	4.30-4.51
Offering Price	Y1,740
Offering Price PER (based on previous period)	4.30-4.51
Offering Price PBR (based on previous period)	0.48
Offering Price PER (based on results forecast)	4.51
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Revenue	-	14,158,000
Current Profit	-	280,000
Net Profit	-	64,000
Net Assets	-	2,759,000

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	16,463,000	13,642,000
Current Profit	708,000	583,000
Net Profit	155,000	271,000
Net Assets	4,035,000	3,683,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	17,434,000	13,955,000
Current Profit	716,000	567,000
Net Profit	462,000	585,000
Net Assets	4,676,000	4,356,000

Recent Quarter 2022/12
	Consolidated	Non-consolidated
Revenue	13,862,000	-
Current Profit	512,000	-
Net Profit	329,000	-
Net Assets	18,866,000	-

Results Forecast 2023/03
	Consolidated	Non-consolidated
Revenue	19,384,000	-
Current Profit	784,000	-
Net Profit	496,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	-	-
Equity	63.40	2,716.24

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	146.42	3,105.93
Equity	255.65	2,864.03

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	359.83	3,595.64
Equity	455.50	3,387.27

Fiscal Year End:Recent Quarter 2022/12
	Consolidated	Non-consolidated
Dividend
Net Earning	256.05	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/03
	Consolidated	Non-consolidated
Dividend	15.00
Net Earning	385.86	-
Equity	-	-

■Over allotment(93,900)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
90%	SMBC Nikko	03-5644-3111
3%	Nomura	03-3211-1811
2%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Rakuten Securities	03-6406-2681
1%	Matsui	03-5216-0606
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	Okasan	03-3272-2211
0.5%	Monex	03-4323-3800
0.5%	Akatsuki Securities	03-5641-7800