TSE Growth ・ Ticker 196A ・ Listed
Updated
Offer price
400 yen
First traded price
368 yen
Selling 100 shares at the first traded price would have produced a loss of 3,200 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.
Runs モゲチェック, an online service that compares and assesses home loans, and INVASE, an online platform for investing in real estate.
Most revenue comes from INVASE, which buys investment properties and resells them to investors, and also earns brokerage fees, loan referral fees and rental management fees. Because resale books the full sale price of each property as revenue, about 6.03 billion yen of the 8.32 billion yen in revenue for the year to June 2026 came from this way of recording sales. The モゲチェック business proposes home loans with favorable rates to borrowers, passes them on to lenders, and earns fees from those financial institutions.
For the year to June 2027 the company forecasts revenue of 10.24 billion yen (up 23.1%) and operating profit of 370 million yen (up 67.0%). It plans to make home-loan applications easier through system links with lenders and to grow INVASE's membership and transactions.
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.
