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Basic Inc.

ベーシック

TSE Growth ・ Ticker 519A Listed

Result on listing day

-8.0%

Offer price

870 yen

First traded price

800 yen

Selling 100 shares at the first traded price would have produced a loss of 7,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2026-03-06 — 2026-03-12
Lottery result
2026-03-16
Listing date
2026-03-25
Cash needed to apply for one lot (100 shares)
about 87,000 yen
Offering size (at the offer price)
1.9 billion yen ・ 2,165,000 shares
Market capitalisation at listing
5.1 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 既存株主に180日間(一部は1.5倍で解除)
Company website
https://basicinc.jp/

Closing prices after listing

Compared with the first traded price of 800 yen.

2026-03-25800 yen+0.0%
2026-03-26740 yen-7.5%
2026-03-27707 yen-11.6%
2026-03-30672 yen-16.0%
2026-03-31677 yen-15.4%

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The lead underwriter is 岡三証券, which receives the largest allocation.

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

What stands out

  • Revenue rose by a double-digit percentage in each of the three years to December 2025
  • Swung to an operating profit of 270 million yen in the year to December 2025, after an operating loss the year before
  • Subscription fees that recur every month were 76.7% of revenue

What could go wrong

  • Revenue is concentrated in two products, ferret One and formrun, within a single software business
  • Website building and form management tools have many competitors, and competition on price and AI features continues
  • For the year to December 2026 the company plans higher revenue and operating profit but a lower net profit than the previous year

About the company

A software company that sells two subscription tools to businesses, ferret One for building and running B2B websites and formrun for creating and managing enquiry forms.

How it makes money

It sells cloud services that streamline front-office work such as attracting customers and handling enquiries, charging a monthly fee. The two main products are ferret One, which lets a company build and run a B2B website without specialist knowledge, and formrun, which combines form creation with managing the replies that come in. In the year to December 2025, ferret One was 61% of revenue and formrun 39%, and subscription revenue was 76.7% of the total.

Where growth is meant to come from

The company calls itself an AI workflow company and puts growing without adding headcount at the centre of its strategy, extending features that automate work with AI across both products. For the year to December 2026 it plans revenue of 2.73 billion yen and operating profit of 450 million yen, both above 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.