TSE Growth ・ Ticker 5537 ・ Listed
Updated
Offer price
1,300 yen
First traded price
1,850 yen
Selling 100 shares at the first traded price would have produced a gain of 55,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.
Compared with the first traded price of 1,850 yen.
You can only enter this lottery through a broker underwriting it. The lead underwriter is Nomura Securities, which receives the largest allocation.
Broker pages are in Japanese. A comparison in English is on the brokers page.
A property company that specialises in buying homes other agents avoid, such as vacant houses, properties where a death occurred and plots that cannot be rebuilt on, and reselling them.
It buys vacant houses, properties where a death occurred, plots that cannot legally be rebuilt on and fractional co-ownership shares directly from owners who are struggling to sell, then resells them to investors who want to put them to use. Its strength is gathering enquiries through its own web media and advertising, running at about 20,000 enquiries and about 2,000 purchases a year. It covers all 47 prefectures and lists 27 branch offices on its website as of September 2026.
Under a long-term mission it calls zero vacant houses by 2100, the company plans to handle more properties by opening branches, using its own AI-assisted valuation system, and acquiring other firms. In August 2026 it raised its forecast for the year to December 2026 to revenue of 12.44 billion yen and recurring profit of 1.82 billion yen.
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.
