Code	Sector	Market
5590	Communications	Growth

Date of listing approval	2023/08/22
Expected Date	2023/09/26
Lead Underwriter	Daiwa SMBC Nikko
Description

Listed Shares(total)	3,707,700
Trading Unit	100
New Shares	700,000
Existing Shares	3,007,700（incl. O.A.）
Shares Outstanding	PreIPO 15,976,800.00
	PostIPO 16,676,800.00
Paid Up Capital	PreIPO Y3,984,370,000
	PostIPO Y4,451,270,000
Expected Pricing Date	2023/09/07
Book Building Start	2023/09/08
Book Building End	2023/09/14
Fix Date	2023/09/15
Offering Starts	2023/09/19
Offering Ends	2023/09/22
Expect Pricing	Y1,420-Y1,450
Notional PER (based on previous period)	-39.62--40.46
Notional PER(based on results forecast)	-34.63--35.36
Offering Price	Y1,450
Offering Price PER (based on previous period)	-34.63--35.36
Offering Price PBR (based on previous period)	3.58
Offering Price PER (based on results forecast)	-35.36
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	-	1,387,588
Current Profit	-	-1,190,587
Net Profit	-	-1,198,358
Net Assets	-	2,377,049

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	1,963,958	1,946,500
Current Profit	-1,013,797	-953,247
Net Profit	-1,017,597	-957,047
Net Assets	7,008,890	7,136,891

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	2,987,067	2,968,195
Current Profit	-566,377	-518,187
Net Profit	-572,531	-524,341
Net Assets	6,462,962	6,612,550

Recent Quarter 2023/06
	Consolidated	Non-consolidated
Revenue	1,798,819	-
Current Profit	-151,514	-
Net Profit	-154,262	-
Net Assets	6,333,782	-

Results Forecast 2023/12
	Consolidated	Non-consolidated
Revenue	3,725,000	-
Current Profit	-654,000	-
Net Profit	-662,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-108.53	185.65

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-63.69	438.69
Equity	-59.90	446.70

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-35.84	404.52
Equity	-32.82	413.88

Fiscal Year End:Interim Results 2023/06
	Consolidated	Non-consolidated
Dividend
Net Earning	-9.66	-
Equity	-	-

Fiscal Year End:Results Forecast 2023/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-41.01	-
Equity	-	-

■Over allotment(526,200→483,600)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
64.5%	Daiwa	03-5555-2111
31.6%	SMBC Nikko	03-5644-3111
2.3%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Rakuten Securities	03-6406-2681
0.2%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
0.2%	Monex	03-4323-3800
0.1%	Okasan	03-3272-2211
0.1%	Matsui	03-5216-0606