TSE Standard ・ Ticker 220A ・ Listed
Updated
Offer price
1,000 yen
First traded price
1,190 yen
Selling 100 shares at the first traded price would have produced a gain of 19,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.
You can only enter this lottery through a broker underwriting it. The lead underwriter is SBI Securities, which receives the largest allocation.
Broker pages are in Japanese. A comparison in English is on the brokers page.
A digital marketing company that provides tools, specialist talent and consulting to help businesses attract visitors online, centred on its Mieruca series of SEO (search engine optimisation) tools.
It offers tools on a monthly-fee basis, including Mieruca SEO, which helps websites gain more visitors from search, Mieruca GEO, which checks how a company is cited in AI search, Mieruca Heatmap, which visualises how visitors move around a site, and Local Mieruca for map-search marketing of physical stores. It also runs Mieruca Connect, which provides companies with ready-to-work marketing professionals, as well as consulting. Its main way of earning money is to start a relationship from an enquiry and then raise revenue per customer by selling large and mid-sized companies a combination of several services (cross-selling). From the year to September 2026 it reports a second segment, the Distribution business (DX Mieruca), which sells and helps implement other companies' back-office SaaS and similar products. Of revenue of 2.06 billion yen in the first nine months of the year to September 2026, the Mieruca business accounted for 2.04 billion yen.
It is focusing on developing features that use generative AI and on AI search optimisation services (GEO and LLMO), and says it has won orders from more than 50 companies across tools and consulting. Its new Distribution business had 98 contracted companies and held ARR of 0.141 billion yen at the end of June 2026 (ARR here means the monthly fees of services contracted through the company, multiplied by 12), and it targets held ARR of 3.6 billion yen by the end of the year to September 2030. For the year to September 2026 the company forecasts revenue of 2.82 billion yen (up 10.0%) and net profit attributable to owners of the parent of 0.21 billion yen (down 20.1%), with profit expected to fall despite higher revenue because of upfront investment in this business.
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.
