456A：HUMAN MADE Inc　
IPO Summary

 Index

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

 CompanyOverview

• Company Name：HUMAN MADE Inc
• Scheduled to be listed on TSE-Growth.
• The company size is that assumed market capitalization is
  approx. 688 Million JPY (excluded public offering), approx. 717 Million JPY (included public offering).
• The lead manager is 野村・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. 688 Million JPY (excluded new issues), approx. 717 Million JPY (included new issues).
• The total amount of new issues is 29.2 Million JPY.
• The total amount of public offering is 175.0 Million JPY.
• The dilution ratio from the new issues is 4%.
• Rate of offering is aprrox. 25%.
• The number of outstanding shares is 21,980,000 shares (excluded new issues),
  22,911,400 shares (included new issues).
• The number of diluted shares for stock acquisition rights is 591,740 shares.
• Date of 180-day lockup release (initially scheduled) is May 25, 2026.
• Date of 180-day lockup release (initially scheduled) is November 21, 2026.

■ Book building schedule | Payment schedule

• Book building Period *1：November 11, 2025(Tue.) - November 14, 2025(Fri.)
  
• Priced date *2     ：November 17, 2025(Mon.)　
• Payment Period *3   ：November 18, 2025(Tue.) - November 21, 2025(Fri.)
  
• Listing Date      ：November 27, 2025(Thu.)

■ Detail of new issue or public offering

• Unit of application：100 shares (Minimum deposit amount is 313,000 JPY.)
• Assumed issue price：2920 JPY
• Tentatively price range：3000 JPY - 3130 JPY
• Public offering price：3130 JPY

• Newly Issued Shares：931,400 shares (Domestic：931,400 shares ＋ Overseas：0 shares)
• Public offering shares：5,590,700 shares (Domestic：3,064,800 shares ＋ Overseas：2,525,900 shares)
• Number of domestic unit：39,962 Unit

• The lead manager is 野村證券/みずほ証券.
• The another securities companies are 大和証券/三菱ＵＦＪモルガン・スタンレー証券/ＳＢＩ証券/楽天証券/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