438A：Infcurion 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：Infcurion Inc.
• Business：さまざまな産業・企業のフィンテック・パートナーとして、決済全域をカバーする組み込み型の金融・決済基盤の開発・提供および関連コンサルティングの提供.
• The industry sector is Information&Communication.
• Scheduled to be listed on TSE-Growth.
• The company size is that assumed market capitalization is
  approx. 314 Million JPY (excluded public offering), approx. 342 Million JPY (included public offering).
• The lead manager is ＳＢＩ・ＪＰモルガン.

Initial Public Offering Memo

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

• The company size is assumed market capitalization is
  approx. 314 Million JPY (excluded new issues), approx. 342 Million JPY (included new issues).
• The total amount of new issues is 28.6 Million JPY.
• The total amount of public offering is 101.1 Million JPY.
• The dilution ratio from the new issues is 9%.
• Rate of offering is aprrox. 32%.
• The number of outstanding shares is 18,669,600 shares (excluded new issues),
  20,369,600 shares (included new issues).
• The number of diluted shares for stock acquisition rights is 2,918,400 shares.
• Date of 90-day lockup release (initially scheduled) is January 21, 2026.
• Date of 180-day lockup release (initially scheduled) is April 21, 2026.
• Date of 180-day lockup release (initially scheduled) is October 18, 2026.

■ Book building schedule | Payment schedule

• Book building Period *1：October 9, 2025(Thu.) - October 15, 2025(wed.)
  
• Priced date *2     ：October 16, 2025(Thu.)　
• Payment Period *3   ：October 17, 2025(Fri.) - October 22, 2025(wed.)
  
• Listing Date      ：October 24, 2025(Fri.)

■ Detail of new issue or public offering

• Unit of application：100 shares (Minimum deposit amount is 168,000 JPY.)
• Assumed issue price：1495 JPY
• Tentatively price range：1540 JPY - 1600 JPY
• Public offering price：1680 JPY

• Newly Issued Shares：1,700,000 shares (Domestic：1,700,000 shares ＋ Overseas：0 shares)
• Public offering shares：6,018,500 shares (Domestic：1,595,700 shares ＋ Overseas：4,422,800 shares)
• Number of domestic unit：32,957 Unit

• The lead manager is ＳＢＩ証券/ＪＰモルガン証券.
• The another securities companies are ＳＭＢＣ日興証券/野村證券/マネックス証券/水戸証券/楽天証券/岩井コスモ証券/岡三証券/三菱ＵＦＪモルガン・スタンレー証券.

■ 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