Code	Sector	Market
5885	Wholesale	Standard

Date of listing approval	2023/05/26
Expected Date	2023/06/30
Lead Underwriter	Mizuho
Description

Listed Shares(total)	460,000
Trading Unit	100
New Shares	120,000
Existing Shares	340,000（incl. O.A.）
Shares Outstanding	PreIPO 1,200,000.00
	PostIPO 1,320,000.00
Paid Up Capital	PreIPO Y30,000,000
	PostIPO Y278,952,000
Expected Pricing Date	2023/06/12
Book Building Start	2023/06/14
Book Building End	2023/06/20
Fix Date	2023/06/21
Offering Starts	2023/06/22
Offering Ends	2023/06/27
Expect Pricing	Y4,170-Y4,510
Notional PER (based on previous period)	17.67-19.11
Notional PER(based on results forecast)	13.48-14.58
Offering Price	Y4,510
Offering Price PER (based on previous period)	13.48-14.58
Offering Price PBR (based on previous period)	4.51
Offering Price PER (based on results forecast)	14.58
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/05
	Consolidated	Non-consolidated
Revenue	-	685,052
Current Profit	-	50,308
Net Profit	-	34,193
Net Assets	-	726,319

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Revenue	-	3,442,114
Current Profit	-	380,883
Net Profit	-	233,065
Net Assets	-	964,480

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Revenue	-	3,491,177
Current Profit	-	447,639
Net Profit	-	283,178
Net Assets	-	1,201,050

Recent Quarter 2023/02
	Consolidated	Non-consolidated
Revenue	2,947,976	-
Current Profit	491,499	-
Net Profit	321,447	-
Net Assets	1,465,864	-

Results Forecast 2023/05
	Consolidated	Non-consolidated
Revenue	-	3,766,000
Current Profit	-	568,000
Net Profit	-	371,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/05
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	48.85	605.27

Fiscal Year End:2021/05
	Consolidated	Non-consolidated
Dividend	38.84
Net Earning	-	-
Equity	194.22	803.73

Fiscal Year End:2022/05
	Consolidated	Non-consolidated
Dividend	47.20
Net Earning	-	-
Equity	235.98	1,000.88

Fiscal Year End:Recent Quarter 2023/02
	Consolidated	Non-consolidated
Dividend
Net Earning	-	267.87
Equity	-	-

Fiscal Year End:Results Forecast 2023/05
	Consolidated	Non-consolidated
Dividend	62.00
Net Earning	-	309.38
Equity	-	-

■Over allotment(60,000)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
80%	Mizuho	03-5208-3210
10%	Nomura	03-3211-1811
2.5%	Okasan	03-3272-2211
2.5%	Monex	03-4323-3800
1%	Matsui	03-5216-0606
1%	Rakuten Securities	03-6406-2681
1%	Kyokuto	03-3667-9171
1%	Akatsuki Securities	03-5641-7800
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210