Reported Earnings • Feb 11
First quarter 2026 earnings released: EPS: JP¥16.81 (vs JP¥40.59 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.81 (down from JP¥40.59 in 1Q 2025). Revenue: JP¥2.25b (up 12% from 1Q 2025). Net income: JP¥52.0m (down 61% from 1Q 2025). Profit margin: 2.3% (down from 6.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Dec 02
Human Creation Holdings, Inc. to Report Q1, 2026 Results on Feb 10, 2026 Human Creation Holdings, Inc. announced that they will report Q1, 2026 results on Feb 10, 2026 Reported Earnings • Nov 20
Full year 2025 earnings released: EPS: JP¥126 (vs JP¥123 in FY 2024) Full year 2025 results: EPS: JP¥126. Revenue: JP¥8.95b (up 25% from FY 2024). Net income: JP¥398.0m (down 1.5% from FY 2024). Profit margin: 4.4% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Nov 14
Human Creation Holdings, Inc., Annual General Meeting, Dec 19, 2025 Human Creation Holdings, Inc., Annual General Meeting, Dec 19, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Announcement • Sep 02
Human Creation Holdings, Inc. to Report Fiscal Year 2025 Results on Nov 14, 2025 Human Creation Holdings, Inc. announced that they will report fiscal year 2025 results on Nov 14, 2025 Reported Earnings • Aug 15
Third quarter 2025 earnings released: EPS: JP¥29.71 (vs JP¥33.39 in 3Q 2024) Third quarter 2025 results: EPS: JP¥29.71 (down from JP¥33.39 in 3Q 2024). Revenue: JP¥2.23b (up 21% from 3Q 2024). Net income: JP¥92.0m (down 16% from 3Q 2024). Profit margin: 4.1% (down from 6.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Jul 21
Dividend of JP¥54.00 announced Shareholders will receive a dividend of JP¥54.00. Ex-date: 29th September 2025 Payment date: 19th December 2025 Dividend yield will be 4.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 20
Human Creation Holdings, Inc. announces Annual dividend, payable on December 19, 2025 Human Creation Holdings, Inc. announced Annual dividend of JPY 54.0000 per share payable on December 19, 2025, ex-date on September 29, 2025 and record date on September 30, 2025. Announcement • Jun 03
Human Creation Holdings, Inc. to Report Q3, 2025 Results on Aug 12, 2025 Human Creation Holdings, Inc. announced that they will report Q3, 2025 results on Aug 12, 2025 Reported Earnings • May 14
Second quarter 2025 earnings released: EPS: JP¥12.76 (vs JP¥27.62 in 2Q 2024) Second quarter 2025 results: EPS: JP¥12.76 (down from JP¥27.62 in 2Q 2024). Revenue: JP¥2.06b (up 16% from 2Q 2024). Net income: JP¥41.0m (down 55% from 2Q 2024). Profit margin: 2.0% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,256, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the IT industry in Japan. Total returns to shareholders of 20% over the past three years. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.17b market cap, or US$21.7m). Announcement • Apr 02
Human Creation Holdings, Inc. (TSE:7361) completed the acquisition of Pear Capital, Inc. from Tanaka LLC, MK LLC, NJ LLC, MG LLC, NHS, LLC and others. Human Creation Holdings, Inc. (TSE:7361) agreed to acquire Pear Capital, Inc. from Tanaka LLC, MK LLC, NJ LLC, MG LLC, NHS, LLC and others for ¥1.0 billion on March 14, 2025. A cash consideration of ¥1 billion will be paid by Human Creation Holdings, Inc. As part of consideration, ¥1 billion is paid towards common equity of Pear Capital, Inc. There will be change of company name to HC Financial Advisor Co., Ltd.
The expected completion of the transaction is April 10, 2025.
Human Creation Holdings, Inc. (TSE:7361) completed the acquisition of Pear Capital, Inc. from Tanaka LLC, MK LLC, NJ LLC, MG LLC, NHS, LLC and others on April 1, 2025. Announcement • Mar 04
Human Creation Holdings, Inc. to Report Q2, 2025 Results on May 12, 2025 Human Creation Holdings, Inc. announced that they will report Q2, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,362, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 69% over the past three years. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥4.25b market cap, or US$27.7m). Reported Earnings • Feb 12
First quarter 2025 earnings released: EPS: JP¥81.17 (vs JP¥27.16 in 1Q 2024) First quarter 2025 results: EPS: JP¥81.17 (up from JP¥27.16 in 1Q 2024). Revenue: JP¥2.01b (up 22% from 1Q 2024). Net income: JP¥132.0m (up 48% from 1Q 2024). Profit margin: 6.6% (up from 5.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Dec 13
Human Creation Holdings, Inc. (TSE:7361) announces an Equity Buyback for 239,000 shares, representing 7.35% for ¥220 million. Human Creation Holdings, Inc. (TSE:7361) announces a share repurchase program. Under the program, the company will repurchase up to 239,000 shares, representing 7.35% of its issued share capital post stock-split for ¥220 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency. The program will run until June 30, 2025. As of November 30, 2024, the company had 1,626,205 shares in issue (excluding treasury stock) representing 32,52,410 share after stock-split effective from December 30, 2024 and 160,345 shares (6,504,820 shares post stock-split). Announcement • Dec 03
Human Creation Holdings, Inc. to Report Q1, 2025 Results on Feb 10, 2025 Human Creation Holdings, Inc. announced that they will report Q1, 2025 results on Feb 10, 2025 Reported Earnings • Nov 17
Full year 2024 earnings released: EPS: JP¥246 (vs JP¥264 in FY 2023) Full year 2024 results: EPS: JP¥246 (down from JP¥264 in FY 2023). Revenue: JP¥7.17b (up 11% from FY 2023). Net income: JP¥404.0m (down 7.8% from FY 2023). Profit margin: 5.6% (down from 6.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 15
Human Creation Holdings, Inc., Annual General Meeting, Dec 18, 2024 Human Creation Holdings, Inc., Annual General Meeting, Dec 18, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Sep 02
Human Creation Holdings, Inc. to Report Fiscal Year 2024 Results on Nov 14, 2024 Human Creation Holdings, Inc. announced that they will report fiscal year 2024 results on Nov 14, 2024 Reported Earnings • Aug 14
Third quarter 2024 earnings released: EPS: JP¥66.78 (vs JP¥76.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥66.78 (down from JP¥76.91 in 3Q 2023). Revenue: JP¥1.85b (up 10% from 3Q 2023). Net income: JP¥110.0m (down 13% from 3Q 2023). Profit margin: 6.0% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,701, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 39% over the past three years. Announcement • Jun 06
Human Creation Holdings, Inc. to Report Q3, 2024 Results on Aug 09, 2024 Human Creation Holdings, Inc. announced that they will report Q3, 2024 results on Aug 09, 2024 Reported Earnings • May 13
Second quarter 2024 earnings released: EPS: JP¥55.24 (vs JP¥73.34 in 2Q 2023) Second quarter 2024 results: EPS: JP¥55.24 (down from JP¥73.34 in 2Q 2023). Revenue: JP¥1.77b (up 9.3% from 2Q 2023). Net income: JP¥91.0m (down 24% from 2Q 2023). Profit margin: 5.1% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT industry in Japan. Announcement • May 11
Human Creation Holdings, Inc. (TSE:7361) announces an Equity Buyback for 24,000 shares, representing 1.45% for ¥48 million. Human Creation Holdings, Inc. (TSE:7361) announces a share repurchase program. Under the program, the company will repurchase up to 24,000 shares, representing 1.45% for ¥48 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency. The program will run until August 31, 2024. As of March 31, 2024, the company had 1,649,505 shares in issue (excluding treasury stock). Announcement • Mar 03
Human Creation Holdings, Inc. to Report Q2, 2024 Results on May 10, 2024 Human Creation Holdings, Inc. announced that they will report Q2, 2024 results on May 10, 2024 Board Change • Feb 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Outside Director Tatsuki Niimi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 11
First quarter 2024 earnings released: EPS: JP¥54.32 (vs JP¥57.83 in 1Q 2023) First quarter 2024 results: EPS: JP¥54.32 (down from JP¥57.83 in 1Q 2023). Revenue: JP¥1.65b (up 5.4% from 1Q 2023). Net income: JP¥89.0m (down 10% from 1Q 2023). Profit margin: 5.4% (down from 6.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the IT industry in Japan. Announcement • Dec 03
Human Creation Holdings, Inc. to Report Q1, 2024 Results on Feb 09, 2024 Human Creation Holdings, Inc. announced that they will report Q1, 2024 results on Feb 09, 2024 Reported Earnings • Nov 20
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥264 (up from JP¥189 in FY 2022). Revenue: JP¥6.49b (up 12% from FY 2022). Net income: JP¥438.0m (up 28% from FY 2022). Profit margin: 6.8% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the IT industry in Japan. Announcement • Nov 17
Human Creation Holdings, Inc., Annual General Meeting, Dec 15, 2023 Human Creation Holdings, Inc., Annual General Meeting, Dec 15, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥51.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 18 December 2023. Payout ratio is a comfortable 18% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Announcement • Sep 02
Human Creation Holdings, Inc. to Report Fiscal Year 2023 Results on Nov 14, 2023 Human Creation Holdings, Inc. announced that they will report fiscal year 2023 results on Nov 14, 2023 New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (334% cash payout ratio). Market cap is less than US$100m (JP¥4.58b market cap, or US$32.0m). Reported Earnings • Aug 08
Third quarter 2023 earnings released: EPS: JP¥76.91 (vs JP¥47.60 in 3Q 2022) Third quarter 2023 results: EPS: JP¥76.91 (up from JP¥47.60 in 3Q 2022). Revenue: JP¥1.67b (up 11% from 3Q 2022). Net income: JP¥126.0m (up 48% from 3Q 2022). Profit margin: 7.5% (up from 5.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Announcement • Jun 03
Human Creation Holdings, Inc. to Report Q3, 2023 Results on Aug 07, 2023 Human Creation Holdings, Inc. announced that they will report Q3, 2023 results on Aug 07, 2023 Reported Earnings • May 12
Second quarter 2023 earnings released: EPS: JP¥73.34 (vs JP¥47.83 in 2Q 2022) Second quarter 2023 results: EPS: JP¥73.34 (up from JP¥47.83 in 2Q 2022). Revenue: JP¥1.62b (up 17% from 2Q 2022). Net income: JP¥120.0m (up 38% from 2Q 2022). Profit margin: 7.4% (up from 6.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,570, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 27% over the past year. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: JP¥57.83 (vs JP¥20.43 in 1Q 2022) First quarter 2023 results: EPS: JP¥57.83 (up from JP¥20.43 in 1Q 2022). Revenue: JP¥1.56b (up 15% from 1Q 2022). Net income: JP¥99.0m (up 154% from 1Q 2022). Profit margin: 6.3% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Announcement • Dec 16
Human Creation Holdings, Inc. (TSE:7361) announces an Equity Buyback. Human Creation Holdings, Inc. (TSE:7361) announces a share repurchase program. Under the program, the company will repurchase its own shares from Risa Partners, Inc. The shares will be repurchased at a price ¥2,156 per share. The program will run until March 31, 2023. As of September 30, 2022, the company had 1,926,550 shares in issue. Announcement • Dec 04
Human Creation Holdings, Inc. to Report Q1, 2023 Results on Feb 10, 2023 Human Creation Holdings, Inc. announced that they will report Q1, 2023 results on Feb 10, 2023 Reported Earnings • Nov 17
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥189 (up from JP¥146 in FY 2021). Revenue: JP¥5.80b (up 15% from FY 2021). Net income: JP¥343.0m (up 25% from FY 2021). Profit margin: 5.9% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the IT industry in Japan. Announcement • Nov 16
Human Creation Holdings, Inc., Annual General Meeting, Dec 15, 2022 Human Creation Holdings, Inc., Annual General Meeting, Dec 15, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 16 December 2022. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Sep 03
Human Creation Holdings, Inc. to Report Fiscal Year 2022 Results on Nov 14, 2022 Human Creation Holdings, Inc. announced that they will report fiscal year 2022 results on Nov 14, 2022 Reported Earnings • Aug 09
Third quarter 2022 earnings released: EPS: JP¥47.60 (vs JP¥32.70 in 3Q 2021) Third quarter 2022 results: EPS: JP¥47.60 (up from JP¥32.70 in 3Q 2021). Revenue: JP¥1.51b (up 15% from 3Q 2021). Net income: JP¥85.0m (up 35% from 3Q 2021). Profit margin: 5.6% (up from 4.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 11% growth forecast for the industry in Japan. Announcement • Jun 03
Human Creation Holdings, Inc. to Report Q3, 2022 Results on Aug 08, 2022 Human Creation Holdings, Inc. announced that they will report Q3, 2022 results on Aug 08, 2022 Reported Earnings • May 11
Second quarter 2022 earnings released Second quarter 2022 results: EPS: JP¥47.83. Revenue: JP¥1.39b (flat on 2Q 2021). Net income: JP¥87.0m (up JP¥87.0m from 2Q 2021). Profit margin: 6.3% (up from null in 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the industry in Japan. Announcement • Apr 08
Human Creation Holdings, Inc. to Report Q2, 2022 Results on May 10, 2022 Human Creation Holdings, Inc. announced that they will report Q2, 2022 results on May 10, 2022 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,280, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 4.9% over the past year. Reported Earnings • Feb 15
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥20.43. Revenue: JP¥1.36b (flat on 1Q 2021). Net income: JP¥39.0m (up JP¥39.0m from 1Q 2021). Profit margin: 2.9% (up from null in 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 7.2% growth forecast for the industry in Japan. Announcement • Feb 11
Human Creation Holdings, Inc. (TSE:7361) announces an Equity Buyback for 100,000 shares, representing 5.19% for ¥200 million. Human Creation Holdings, Inc. (TSE:7361) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 5.19% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will continue through September 30, 2022. As of September 30, 2021, the company had 1,926,392 issued shares (excluding treasury stock) and 185 treasury shares. Reported Earnings • Nov 17
Full year 2021 earnings released: EPS JP¥146 (vs JP¥116 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.04b (up 10% from FY 2020). Net income: JP¥275.0m (up 31% from FY 2020). Profit margin: 5.5% (up from 4.6% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,827, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 21x in the IT industry in Japan. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥3,320, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 23x in the IT industry in Japan. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥3,415, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 25x in the IT industry in Japan. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,860, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 25x in the IT industry in Japan. Announcement • Mar 18
Human Creation Holdings, Inc. has completed an IPO in the amount of ¥3.433128 billion. Human Creation Holdings, Inc. has completed an IPO in the amount of ¥3.433128 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,619,400
Price\Range: ¥2120
Discount Per Security: ¥169.6
Transaction Features: ESOP Related Offering