TSE Growth ・ Ticker 462A ・ Listed
Updated
Offer price
620 yen
First traded price
883 yen
Selling 100 shares at the first traded price would have produced a gain of 26,300 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.
Compared with the first traded price of 883 yen.
You can only enter this lottery through a broker underwriting it. The lead underwriter is Nomura Securities, which receives the largest allocation.
Broker pages are in Japanese. A comparison in English is on the brokers page.
The company that launched equity crowdfunding in Japan, connecting unlisted startups with individual investors.
It runs a single business, a platform for the equity of unlisted companies, combining three areas — raising money for startups, supporting their management and hiring afterwards, and providing a place where unlisted shares can be traded. Its main income is the fee it takes from the issuing company when it arranges a fundraising. The disclosed rates are 20.0% of the amount raised for a first round on FUNDINNO and 18.0% from the second round, and 15% or more depending on workload on FUNDINNO PLUS+, which handles larger raises. Investors themselves pay no fee.
Gross merchandise value on the platform grew from 5.28 billion yen in the year to October 2024 to 12.95 billion yen in the year to October 2025, and registrations of professional investors, who can invest without an upper limit, reached 1,622. In September 2025 it launched FUNDINNO MARKET PLUS+ for large negotiated trades in unlisted shares, widening the side of the business that lets investors get their money back out. In June 2026, however, the company cut its full-year guidance, and it now forecasts operating revenue of 1.80 billion yen for the year to October 2026, down 28.0% on the previous year, with a net loss of 990 million yen.
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.
