TSE Growth ・ Ticker 245A ・ Listed
Updated
Offer price
1,940 yen
First traded price
2,700 yen
Selling 100 shares at the first traded price would have produced a gain of 76,000 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 SMBC Nikko Securities, which receives the largest allocation.
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A restaurant company expanding ramen shops such as "Ramen Hayashida", the pizza and pasta chain "CONA" and "Shumai no Joe", through both company-run and partner-run stores.
The business has two pillars, ramen and restaurants; in the year to August 2025 ramen made up about 53% of revenue and restaurants about 47%. Most revenue comes from company-run stores, but it also earns income from "produce" stores in ramen, where other operators run shops built on its know-how, and from licensed stores in restaurants. At the end of May 2026 it had 45 company-run and 72 produce ramen stores, and 37 company-run restaurants (including 23 CONA and 11 Shumai no Joe) plus 31 licensed restaurants.
Its main growth driver is opening new stores, and for the year to August 2026 it plans 19 new company-run stores, 11 ramen and 8 restaurants. In the year to August 2025 it launched new brands including "Yokohama Iekei Ramen Midori", and in 2026 it opened in Sendai, its first stores in the Tohoku region. For the year to August 2026 it forecasts revenue of 9.59 billion yen (up 24.0%) and net profit of 339 million yen (up 24.8%), a forecast it kept unchanged at the third quarter (July 2026).
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.
