CCReB Advisors

ククレブ・アドバイザーズ

TSE Growth ・ Ticker 276A ・ Listed

Updated Oct 3, 2026

Result on listing day

+31.6%

Offer price

950 yen

First traded price

1,250 yen

Selling 100 shares at the first traded price would have produced a gain of 30,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2024-11-12 — 2024-11-18
Lottery result: To be announced
Listing date: 2024-11-28
Cash needed to apply for one lot (100 shares): about 95,000 yen
Offering size (at the offer price): 1.3 billion yen ・ 1,392,500 shares
Market capitalisation at listing: 3.9 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 代表取締役をはじめとする既存の主要株主に180日間のロックアップが付されています(価格による解除条項はありません)。
Company website: https://ccreb.jp/

Brokers you can apply through

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

みずほ証券楽天証券極東証券水戸証券

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

What stands out

Revenue of 2.56 billion yen in the year to August 2025, up 101.2%, and profit attributable to owners of the parent of 0.45 billion yen, up 54.5%
In April 2026 it raised its revenue forecast for the year to August 2026 from 4.7 billion yen to 7 billion yen
An annual dividend of 22 yen for the year to August 2025 (including a 2-yen listing commemorative dividend), with 30 yen forecast for the year to August 2026

What could go wrong

In deals where it buys and resells property, the full sale price counts as revenue, so a shift in sale timing can swing quarterly revenue and profit sharply (this actually happened in the second quarter of the year to August 2026)
It uses borrowed money to buy property, so it is exposed to rising interest rates and weaker real-estate markets
Buy-and-resell deals bring large revenue but lower margins than fee work, so profit may not grow as fast as revenue

About the company

A company focused on corporate real estate (CRE) worth 2 billion yen or less, such as factories, logistics facilities and R&D sites, handling everything from advice on selling or using the property to buying and selling it.

How it makes money

Its main CRE solutions business earns money by buying factories and warehouses that companies want to let go and reselling them ("balance-sheet investments"), and from brokerage and advisory fees. It also runs a property-tech business that includes a matching system for real-estate information used by regional banks and others, with 8,488 listings registered as of the end of May 2026. About 95% of revenue in the first three quarters of the year to August 2026 came from the CRE solutions business.

Where growth is meant to come from

The company says that since the Tokyo Stock Exchange urged listed companies to improve capital efficiency, more of them are selling the real estate they own, and its medium-term plan targets revenue of 12 billion yen in the year to August 2028. For the year to August 2026 it forecasts revenue of 7 billion yen (up 174.0%) and profit attributable to owners of the parent of 0.7 billion yen (up 57.1%).

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.