3931：VALUE GOLF Inc　
IPO Summary

 Index

• AI-Analysis
• CompanyOverview
• Initial Public Offering Memo
• Financial Memo
• Major Shareholders Memo

 AI Analysis

■AI Analysis

■AI Analysis Chart

 CompanyOverview

• Company Name：VALUE GOLF Inc
• Business：ゴルフ事業（「1人予約ランド」の運営等のＡＳＰサービス、ゴルフ情報誌「月刊バリューゴルフ」の発行等の広告・プロモーションサービス、サポートサービス）、広告メディア制作事業、メディカル事業.
• The industry sector is Information&Communication.
• Scheduled to be listed on MOTHERS.
• The company size is that assumed market capitalization is
  approx. 17 Million JPY (excluded public offering), approx. 21 Million JPY (included public offering).
• The lead manager is 東海東京.

Initial Public Offering Memo

■ Market Cap | Offering rate | Dilution rate | lock-up information

• The company size is assumed market capitalization is
  approx. 17 Million JPY (excluded new issues), approx. 21 Million JPY (included new issues).
• The total amount of new issues is 4.1 Million JPY.
• The total amount of public offering is 0.6 Million JPY.
• The dilution ratio from the new issues is 24%.
• Rate of offering is aprrox. 4%.
• The number of outstanding shares is 1,359,600 shares (excluded new issues),
  1,679,600 shares (included new issues).
• The number of diluted shares for stock acquisition rights is 79,400 shares.
• Date of 90-day lockup release (initially scheduled) is May 30, 2016.
• Date of 180-day lockup release (initially scheduled) is August 28, 2016.

■ Book building schedule | Payment schedule

• Book building Period *1：February 15, 2016(Mon.) - February 19, 2016(Fri.)
  
• Priced date *2     ：February 22, 2016(Mon.)　
• Payment Period *3   ：February 24, 2016(wed.) - February 29, 2016(Mon.)
  
• Listing Date      ：March 2, 2016(wed.)

■ Detail of new issue or public offering

• Unit of application：100 shares (Minimum deposit amount is 128,000 JPY.)
• Assumed issue price：1240 JPY
• Tentatively price range：1220 JPY - 1280 JPY
• Public offering price：1280 JPY
• The initial price on listed：3215 JPY(＋151.2％)

• Newly Issued Shares：320,000 shares (Domestic：320,000 shares ＋ Overseas：0 shares)
• Public offering shares：48,000 shares (Domestic：48,000 shares ＋ Overseas：0 shares)
• Number of domestic unit：3,680 Unit

• The lead manager is 東海東京証券.
• The another securities companies are いちよし証券/ＳＭＢＣフレンド証券/ＳＢＩ証券/むさし証券/水戸証券/エース証券/マネックス証券.

■ New issue or public offering - condition history

※：( ) indicates the breakdown.
e.g. In the case of a PO(overseas), there are domestic and overseas allotments of the public offering, of which the overseas allotment is indicated.
PO : Public offering　OA : Over allotment