TSE Growth ・ Ticker 218A ・ Listed
Updated
Offer price
310 yen
First traded price
454 yen
Selling 100 shares at the first traded price would have produced a gain of 14,400 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.
Broker pages are in Japanese. A comparison in English is on the brokers page.
A company that develops IBIS, a small drone for inspecting cramped, dark indoor spaces that people struggle to enter, such as ceiling voids, ducts and sewer pipes, and also provides inspection services and analysis of the footage.
It earns money by selling and renting its IBIS small drones, by carrying out inspections with them, and by analysis services that turn the footage into 3D data and other outputs. Its customers are companies with infrastructure or large facilities, in sewerage and disaster prevention as well as railways, electricity and gas, steel and chemical plants, and construction. Consolidated revenue for the year to July 2026 was 1.595 billion yen, up 13.4% on the previous year.
Under Japan's SBIR programme, which supports technology development by start-ups, it was selected as the lead company for the transport ministry's project on railway inspection solutions using drones built for railway environments, and it is developing them with subsidies of up to 5.2 billion yen through fiscal 2027. For the year to July 2027 it expects revenue of 2.3 billion yen (up 44.2%), but because investment in development and staff continues, it forecasts a net loss attributable to owners of the parent of 1.109 billion 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.
