バトンズ
TSE Growth ・ Ticker 554A ・ Listed
Offer price
660 yen
First traded price
1,674 yen
Selling 100 shares at the first traded price would have produced a gain of 101,400 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.
Compared with the first traded price of 1,674 yen.
You can only enter this lottery through a broker underwriting it. The lead underwriter is Daiwa Securities, which receives the largest allocation.
Broker pages are in Japanese. A comparison in English is on the brokers page.
Runs BATONZ, an online marketplace where small Japanese companies and businesses are bought and sold.
BATONZ is an online meeting place for three groups. Owners who want to sell a company or business because they have no successor, buyers, and the advisers who assist with M&A such as tax accountants and banks. The company takes 2% of the deal value from the buyer when a deal closes, and also earns monthly fees from a paid membership for buyers, from optional deal support for sellers, and from the SaaS tools it sells to M&A advisers. It was spun out of Nihon M&A Center in 2018. Adviser SaaS fees accounted for 22% of revenue in the nine months to December 2025.
As of the end of February 2026 the platform had recorded 3,315 completed deals, more than 300,000 registered buyers and 1,968 partner M&A advisory firms. Revenue rose about 45% to 2.0 billion yen in the year to March 2026, and the company plans 2.44 billion yen for the year to March 2027. The strategy is to widen the adviser SaaS to build recurring revenue while attracting more listings and buyers so that more deals close.
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.
