Code	Sector	Market
5591	Communications	Growth

Date of listing approval	2023/08/22
Expected Date	2023/09/27
Lead Underwriter	Daiwa
Description

Listed Shares(total)	1,652,400
Trading Unit	100
New Shares	50,000
Existing Shares	1,602,400（incl. O.A.）
Shares Outstanding	PreIPO 6,000,000.00
	PostIPO 6,050,000.00
Paid Up Capital	PreIPO Y3,000,000
	PostIPO Y51,760,000
Expected Pricing Date	2023/09/07
Book Building Start	2023/09/11
Book Building End	2023/09/15
Fix Date	2023/09/19
Offering Starts	2023/09/20
Offering Ends	2023/09/25
Expect Pricing	Y2,000-Y2,120
Notional PER (based on previous period)	151.63-160.73
Notional PER(based on results forecast)	81.80-86.71
Offering Price	Y2,120
Offering Price PER (based on previous period)	81.80-86.71
Offering Price PBR (based on previous period)	62.95
Offering Price PER (based on results forecast)	86.71
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Revenue	-	54,726
Current Profit	-	-28,001
Net Profit	-	-19,278
Net Assets	-	63,651

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Revenue	-	477,649
Current Profit	-	84,257
Net Profit	-	58,826
Net Assets	-	123,872

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Revenue	-	732,090
Current Profit	-	110,702
Net Profit	-	79,136
Net Assets	-	204,389

Recent Quarter 2023/06
	Consolidated	Non-consolidated
Revenue	-	391,818
Current Profit	-	65,700
Net Profit	-	46,947
Net Assets	-	250,406

Results Forecast 2023/12
	Consolidated	Non-consolidated
Revenue	-	968,000
Current Profit	-	211,000
Net Profit	-	147,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2020/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-3.21	10.61

Fiscal Year End:2021/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	9.80	20.41

Fiscal Year End:2022/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	13.19	33.68

Fiscal Year End:Interim Results 2023/06
	Consolidated	Non-consolidated
Dividend
Net Earning	-	7.82
Equity	-	-

Fiscal Year End:Results Forecast 2023/12
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	24.45
Equity	-	-

■Over allotment(215,500)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
91%	Daiwa	03-5555-2111
1%	SMBC Nikko	03-5644-3111
1%	Rakuten Securities	03-6406-2681
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	Monex	03-4323-3800
1%	Kyokuto	03-3667-9171
1%	Okasan	03-3272-2211
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	Marusan	03-3272-5211
1%	Matsui	03-5216-0606