Code	Sector	Market
5577	Communications	Growth

Date of listing approval	2023/05/19
Expected Date	2023/06/22
Lead Underwriter	Mizuho SBI SECURITIES Co.,Ltd.
Description

Listed Shares(total)	517,500
Trading Unit	100
New Shares	50,000
Existing Shares	467,500（incl. O.A.）
Shares Outstanding	PreIPO 3,917,600.00
	PostIPO 3,967,600.00
Paid Up Capital	PreIPO Y81,435,000
	PostIPO Y105,585,000
Expected Pricing Date	2023/06/02
Book Building Start	2023/06/06
Book Building End	2023/06/12
Fix Date	2023/06/13
Offering Starts	2023/06/14
Offering Ends	2023/06/19
Expect Pricing	Y810-Y1,050
Notional PER (based on previous period)	-353.71--458.52
Notional PER(based on results forecast)	13.76-17.83
Offering Price	Y1,050
Offering Price PER (based on previous period)	13.76-17.83
Offering Price PBR (based on previous period)	-4.06
Offering Price PER (based on results forecast)	17.83
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/05
	Consolidated	Non-consolidated
Revenue	-	378,386
Current Profit	-	-217,512
Net Profit	-	-218,042
Net Assets	-	613,062

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Revenue	-	603,764
Current Profit	-	-177,703
Net Profit	-	-178,229
Net Assets	-	479,920

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	1,156,059
Current Profit	-	-8,425
Net Profit	-	-8,957
Net Assets	-	613,833

Recent Quarter 2023/02
	Consolidated	Non-consolidated
Revenue	-	1,231,453
Current Profit	-	150,386
Net Profit	-	149,755
Net Assets	-	763,588

Results Forecast 2023/05
	Consolidated	Non-consolidated
Revenue	-	1,650,000
Current Profit	-	200,000
Net Profit	-	231,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-64.32	-165.29

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-47.08	-254.41

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-2.29	-258.88

Fiscal Year End:Recent Quarter 2023/02
	Consolidated	Non-consolidated
Dividend
Net Earning	-	38.22
Equity	-	-

Fiscal Year End:Results Forecast 2023/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	58.88
Equity	-	-

■Over allotment(51,700→ 67,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
70.1%	Mizuho	03-5208-3210
25%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1.5%	Daiwa	03-5555-2111
0.5%	Rakuten Securities	03-6406-2681
0.5%	Matsui	03-5216-0606
0.5%	Marusan	03-3272-5211
0.5%	Kyokuto	03-3667-9171
0.5%	Akatsuki Securities	03-5641-7800
0.5%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.5%	Tokai Tokyo	03-3566-8811