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Ai ROBOTICS

Aiロボティクス

TSE Growth ・ Ticker 247A ・ Listed

Updated

Result on listing day

+42.8%

Offer price

1,760 yen

First traded price

2,514 yen

Selling 100 shares at the first traded price would have produced a gain of 75,400 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2024-09-10 — 2024-09-17
Lottery result
To be announced
Listing date
2024-09-27
Cash needed to apply for one lot (100 shares)
about 176,000 yen
Offering size (at the offer price)
2.7 billion yen ・ 1,516,800 shares
Market capitalisation at listing
20 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 代表取締役ら上位株主・ベンチャーキャピタルに90日間または180日間(90日分は公開価格の1.5倍=2,640円で解除条項あり)

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The lead underwriter is SBI Securities, which receives the largest allocation.

Broker pages are in Japanese. A comparison in English is on the brokers page.

What stands out

  • Runs several brands, including Yunth for skincare, Brighte for beauty appliances and Straine for haircare
  • Revenue roughly doubled two years in a row, from 7.06 billion yen in the year to March 2024 to 14.21 billion yen in the year to March 2025 and 29.36 billion yen in the year to March 2026
  • The April 2026 acquisition added BJC, which sells through hair and beauty salons

What could go wrong

  • In the year to March 2026 receivables and inventory rose sharply, operating cash flow was negative by 5.88 billion yen, and borrowings increased
  • While sales grew, the operating margin fell from 17.5% in the year to March 2025 to 13.0% in the year to March 2026
  • The BJC acquisition (25.55 billion yen) brings goodwill and similar amortisation costs, and the forecast for the year to March 2027 is a provisional range based on an assumed amortisation amount

About the company

A beauty brand company that plans and sells products such as the Yunth skincare brand and the Brighte beauty appliance brand, using AI systems it develops in-house.

How it makes money

It plans its main skincare brand Yunth (including a vitamin C brightening serum), the beauty appliance brand Brighte (including ELEKI BRUSH and the SHOWER DRYER hair dryer) and the haircare brand Straine launched in June 2025, and sells them online and through drugstores, variety shops and electronics retailers. Straine is stocked in about 17,500 drugstores, variety shops and similar outlets across Japan. The company says it uses its in-house software SELL to build a competitive edge, and for reporting purposes it has a single segment, the D2C brand business.

Where growth is meant to come from

In April 2026 it bought BJC, which sells eyelash serums, foundations and other products to hair and beauty salons, for 25.55 billion yen and made it a subsidiary. From the year to March 2027 it reports consolidated results, and the company forecasts revenue of 56.0 to 60.0 billion yen and operating profit of 7.5 to 10.0 billion yen (a provisional figure assuming 1.5 billion yen of goodwill and similar amortisation), aiming for roughly double the previous year.

Read about this company in Japanese →

Figures are taken from the offering documents and public sources, and are checked against two independent sources before publication. Nothing here is investment advice. Shares can and do open below their offer price.