Code	Sector	Market
5533	Real Estate	Standard

Date of listing approval	2023/05/22
Expected Date	2023/06/27
Lead Underwriter	Mizuho
Description

Listed Shares(total)	316,300
Trading Unit	100
New Shares	200,000
Existing Shares	116,300（incl. O.A.）
Shares Outstanding	PreIPO 3,142,200.00
	PostIPO 3,342,200.00
Paid Up Capital	PreIPO Y100,000,000
	PostIPO Y245,360,000
Expected Pricing Date	2023/06/08
Book Building Start	2023/06/09
Book Building End	2023/06/15
Fix Date	2023/06/16
Offering Starts	2023/06/19
Offering Ends	2023/06/22
Expect Pricing	Y1,420-Y1,580
Notional PER (based on previous period)	10.31-11.47
Notional PER(based on results forecast)	8.03-8.94
Offering Price	Y1,580
Offering Price PER (based on previous period)	8.03-8.94
Offering Price PBR (based on previous period)	1.45
Offering Price PER (based on results forecast)	8.94
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/09
	Consolidated	Non-consolidated
Revenue	-	1,451,074
Current Profit	-	387,945
Net Profit	-	313,501
Net Assets	-	2,472,811

Fiscal Year End:2021/09
	Consolidated	Non-consolidated
Revenue	4,565,649	1,440,453
Current Profit	649,974	360,617
Net Profit	438,409	308,056
Net Assets	3,196,754	2,670,878

Fiscal Year End:2022/09
	Consolidated	Non-consolidated
Revenue	4,864,786	977,146
Current Profit	685,168	284,687
Net Profit	432,780	257,115
Net Assets	3,431,177	2,758,796

Recent Quarter 2023/03
	Consolidated	Non-consolidated
Revenue	2,851,181	-
Current Profit	571,794	-
Net Profit	379,818	-
Net Assets	3,678,206	-

Results Forecast 2023/09
	Consolidated	Non-consolidated
Revenue	5,376,000	-
Current Profit	882,000	-
Net Profit	564,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/09
	Consolidated	Non-consolidated
Dividend	37.00
Net Earning	-	-
Equity	101.21	786.97

Fiscal Year End:2021/09
	Consolidated	Non-consolidated
Dividend	39.00
Net Earning	139.52	1,017.36
Equity	98.04	850.00

Fiscal Year End:2022/09
	Consolidated	Non-consolidated
Dividend	44.00
Net Earning	137.73	1,091.97
Equity	81.83	877.98

Fiscal Year End:Interim Results 2023/03
	Consolidated	Non-consolidated
Dividend
Net Earning	120.88	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/09
	Consolidated	Non-consolidated
Dividend	56.00
Net Earning	176.82	-
Equity	-	-

■Over allotment(41,200)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
70%	Mizuho	03-5208-3210
10%	SBI SECURITIES Co.,Ltd.	03-5562-7210
7%	Nomura	03-3211-1811
5%	Nishimura	075-221-2155
4%	Okasan	03-3272-2211
4%	Toyo	03-5117-1040