LiNKX

TSE Growth ・ Ticker 584A ・ Listed

Result on listing day

+36.1%

Offer price

790 yen

First traded price

1,075 yen

Selling 100 shares at the first traded price would have produced a gain of 28,500 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2026-06-08 — 2026-06-11
Lottery result: 2026-06-12
Listing date: 2026-06-23
Cash needed to apply for one lot (100 shares): about 79,000 yen
Offering size (at the offer price): 1.3 billion yen ・ 1,687,800 shares
Market capitalisation at listing: 5.4 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 既存株主の全てに180日間
Company website: https://www.linkx.dev/

Closing prices after listing

Compared with the first traded price of 1,075 yen.

2026-06-231,375 yen+27.9%

2026-06-241,675 yen+55.8%

2026-06-252,075 yen+93.0%

2026-06-262,575 yen+139.5%

2026-06-293,075 yen+186.0%

Brokers you can apply through

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

野村證券 SBI証券楽天証券松井証券マネックス証券 SMBC日興証券

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

What stands out

Specializes in demanding work such as bank account systems, and has kept its operating margin above 20%
Revenue roughly doubled in two years, from 672 million yen in the year to June 2023 to 1.37 billion yen in the year to June 2025
More than 80% of its 109 employees are engineers (as of the end of April 2026)

What could go wrong

Heavy reliance on a few clients. The top two were 71.6% of revenue in the year to June 2025
Revenue comes mainly from one-off project work rather than recurring contracts, so building up recurring revenue is a challenge
Revenue is forecast to grow sharply in the year to June 2026, but higher hiring and staff costs mean net profit is expected to rise only 0.6%

About the company

A software company specializing in modernization, rebuilding the ageing core systems that banks and other financial institutions run on.

How it makes money

It makes its money helping regional banks and other financial institutions rebuild their account and core systems on modern foundations, using cloud and AI technology. More than 80% of its staff are engineers, and the work is done mainly by embedding with the client's own development team. In the year to June 2025 its top two clients accounted for 71.6% of revenue, with Hokkoku Bank alone at 49.5%.

Where growth is meant to come from

For the year to June 2026 the company forecasts revenue of 1.9 billion yen, up 38.5%, and operating profit of about 400 million yen, up 20.9%. It plans to spend the money raised at listing on hiring high-end engineers and on developing its own software products.

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.