4173：WACUL INC　
IPO Summary and Prospectus Explanation

 Index

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

 AI Analysis

■AI Analysis

■AI Analysis Chart

 CompanyOverview

• Company Name：WACUL INC
• Business：デジタルマーケティングのPDCAプラットフォーム「AIアナリスト・シリーズ」の提供、「DXコンサルティング」の提供、企業・学術機関との共同研究等により顧客企業のデジタルトランスフォーメーションを推進.
• The industry sector is Information&Communication.
• Scheduled to be listed on MOTHERS.
• The company size is that assumed market capitalization is
  approx. 71 Million JPY (excluded public offering), approx. 72 Million JPY (included public offering).
• The lead manager is みずほ.

Initial Public Offering Memo

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

• The company size is assumed market capitalization is
  approx. 71 Million JPY (excluded new issues), approx. 72 Million JPY (included new issues).
• The total amount of new issues is 1.1 Million JPY.
• The total amount of public offering is 7.4 Million JPY.
• The dilution ratio from the new issues is 1%.
• Rate of offering is aprrox. 10%.
• The number of outstanding shares is 6,792,000 shares (excluded new issues),
  6,892,000 shares (included new issues).
• The number of diluted shares for stock acquisition rights is 808,500 shares.
• Date of 90-day lockup release (initially scheduled) is May 19, 2021.
• Date of 180-day lockup release (initially scheduled) is August 17, 2021.

■ Book building schedule | Payment schedule

• Book building Period *1：February 2, 2021(Tue.) - February 8, 2021(Mon.)
  
• Priced date *2     ：February 9, 2021(Tue.)　
• Payment Period *3   ：February 10, 2021(wed.) - February 16, 2021(Tue.)
  
• Listing Date      ：February 19, 2021(Fri.)

■ Detail of new issue or public offering

• Unit of application：100 shares (Minimum deposit amount is 105,000 JPY.)
• Assumed issue price：900 JPY
• Tentatively price range：900 JPY - 1050 JPY
• Public offering price：1050 JPY
• The initial price on listed：4645 JPY(＋342.4％)

• Newly Issued Shares：100,000 shares (Domestic：100,000 shares ＋ Overseas：0 shares)
• Public offering shares：703,300 shares (Domestic：703,300 shares ＋ Overseas：0 shares)
• Number of domestic unit：8,033 Unit

• The lead manager is みずほ証券.
• The another securities companies are ＳＭＢＣ日興証券/ＳＢＩ証券/大和証券/三菱ＵＦＪモルガン・スタンレー証券/楽天証券/いちよし証券/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