Code	Sector	Market
6525	Electric Equipment	Prime

Date of listing approval	2023/09/21
Expected Date	2023/10/25
Lead Underwriter	Nomura SMBC Nikko
Description

Listed Shares(total)	67,674,700
Trading Unit	100
New Shares	0
Existing Shares	67,674,700（incl. O.A.）
Shares Outstanding	PreIPO 230,404,200.00
	PostIPO 230,404,200.00
Paid Up Capital	PreIPO Y10,005,002,000
	PostIPO Y10,005,002,000
Expected Pricing Date	2023/10/10
Book Building Start	2023/10/10
Book Building End	2023/10/13
Fix Date	2023/10/16
Offering Starts	2023/10/17
Offering Ends	2023/10/20
Expect Pricing	Y1,830-Y1,840
Notional PER (based on previous period)	10.46-10.52
Notional PER(based on results forecast)	20.87-20.99
Offering Price	Y1,840
Offering Price PER (based on previous period)	20.87-20.99
Offering Price PBR (based on previous period)	2.64
Offering Price PER (based on results forecast)	20.99
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Revenue	178,023,000	142,875,000
Current Profit	50,504,000	24,598,000
Net Profit	33,043,000	27,666,000
Net Assets	64,943,000	46,440,000

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Revenue	245,425,000	196,404,000
Current Profit	69,264,000	49,449,000
Net Profit	51,339,000	37,724,000
Net Assets	119,519,000	88,440,000

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Revenue	245,721,000	185,400,000
Current Profit	55,895,000	38,530,000
Net Profit	40,305,000	30,057,000
Net Assets	160,881,000	120,677,000

Recent Quarter 2023/06
	Consolidated	Non-consolidated
Revenue	32,710,000	-
Current Profit	3,727,000	-
Net Profit	2,655,000	-
Net Assets	4,364,000	-

Results Forecast 2024/03
	Consolidated	Non-consolidated
Revenue	180,000,000	-
Current Profit	28,280,000	-
Net Profit	20,200,000	-
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2021/03
	Consolidated	Non-consolidated
Dividend	513.02
Net Earning	143.42	281.87
Equity	115.52	201.44

Fiscal Year End:2022/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	222.83	518.75
Equity	163.73	365.18

Fiscal Year End:2023/03
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	174.93	698.26
Equity	130.46	495.67

Fiscal Year End:Recent Quarter 2023/06
	Consolidated	Non-consolidated
Dividend
Net Earning	11.52	-
Equity	-	-

Fiscal Year End:Results Forecast 2024/03
	Consolidated	Non-consolidated
Dividend	11.00
Net Earning	87.67	-
Equity	-	-

■Over allotment(8,827,100)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
30.2%	Nomura	03-3211-1811
29.8%	SMBC Nikko	03-5644-3111
16.4%	Mizuho	03-5208-3210
16.4%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
2.7%	Daiwa	03-5555-2111
2.2%	Tokai Tokyo	03-3566-8811
2.2%	Goldman Sachs	03-6437-1000