BARCOS

バルコス

名証ネクスト・ Ticker 7790 ・ Listed

Updated Oct 2, 2026

Result on listing day

+0.1%

Offer price

1,400 yen

First traded price

1,401 yen

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

Application period (book building): 2025-01-17 — 2025-01-23
Lottery result: 2025-01-24
Listing date: 2025-02-03
Cash needed to apply for one lot (100 shares): about 140,000 yen
Offering size (at the offer price): 176 million yen ・ 126,000 shares
Market capitalisation at listing: 1.7 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 上位2株主に180日間（2025年8月1日まで）
Company website: https://barcos.jp/

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The lead underwriter is フィリップ・キャピタル証券, which receives the largest allocation.

フィリップ・キャピタル証券楽天証券マネックス証券松井証券 SBI証券JTG証券東洋証券極東証券

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

What stands out

Sells its own bag and wallet designs through several channels, including online, TV shopping and magazines
An asset-light setup with no factories of its own, outsourcing production to partner factories overseas
The listing was a move from TOKYO PRO Market to Nagoya Stock Exchange Next

What could go wrong

Listed only on Nagoya Stock Exchange Next, so trading is thinner than for Tokyo-listed shares and prices can be harder to form
The offering raised only about 176 million yen, so the share price is prone to sharp moves
Net profit for the year to December 2022, just before listing, was about 4 million yen (consolidated), so profits were only beginning to build up

About the company

A company based in Kurayoshi, Tottori that designs leather goods such as bags and wallets and sells them through its own online store, TV shopping and other channels.

How it makes money

It designs its own leather goods such as bags and wallets and earns money by selling them through its own website, stores, TV shopping, and newspapers and magazines. This lifestyle products business makes up 92.3% of revenue. It has no factories of its own and outsources production to partner factories overseas.

Where growth is meant to come from

Its approach is to grow sales by combining several channels, including its own online store and TV shopping. It listed on TOKYO PRO Market, a market for professional investors, in 2020, and moved to Nagoya Stock Exchange Next, where ordinary investors can trade, in 2025.

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.