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MINOYA

みのや

TSE Standard ・ Ticker 386A ・ Listed

Updated

Result on listing day

+64.4%

Offer price

1,540 yen

First traded price

2,531 yen

Selling 100 shares at the first traded price would have produced a gain of 99,100 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2025-07-02 — 2025-07-08
Lottery result
2025-07-09
Listing date
2025-07-18
Cash needed to apply for one lot (100 shares)
about 154,000 yen
Offering size (at the offer price)
1.2 billion yen ・ 805,000 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: 上位株主のほぼ全てに180日間(ベンチャーキャピタル1社は保有株を全て売出し)

Closing prices after listing

Compared with the first traded price of 2,531 yen.

2025-07-182,523 yen-0.3%
2025-07-222,300 yen-9.1%
2025-07-232,175 yen-14.1%
2025-07-242,198 yen-13.2%
2025-07-252,080 yen-17.8%

Brokers you can apply through

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

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

What stands out

  • Had 220 stores at the end of June 2026, and plans to keep adding about 10 net new stores a year
  • Introduced a shareholder benefit in February 2026 — 2,000 yen a year in store vouchers or rice gift certificates for holders of 200 shares or more for at least a year
  • Plans to raise the annual dividend to 30 yen for the year to June 2027, from 24.66 yen

What could go wrong

  • Revenue rose in the year to June 2026, but net profit fell by about half to 200 million yen, partly because of an extraordinary loss
  • The July-September quarter tends to post an operating loss, so results swing noticeably from quarter to quarter
  • As a retailer, rising raw material and labour costs feed straight through to profit

About the company

A retailer that runs Okashi no Machioka, a chain of 220 confectionery specialty stores concentrated in the Kanto, Chukyo and Kansai regions.

How it makes money

It runs the chain entirely through directly managed stores rather than franchises, selling a wide range of everyday snacks cheaply from small shops near stations and inside shopping centres. It had 220 stores at the end of June 2026, concentrated in three regions — Kanto, Chukyo and Kansai — and it operates its own distribution centres in Kanto and Kansai. Revenue was 25.67 billion yen in the year to June 2026. It employs about 180 full-time staff, or about 2,500 including part-time and casual workers.

Where growth is meant to come from

For the year to June 2027 the company forecasts revenue of 27.18 billion yen, up 5.9%, recurring profit of 780 million yen, up 6.4%, and 230 stores at year end, keeping up a pace of about 10 net new stores a year. Openings have been shifting towards shopping centres, which are less affected by the weather, and the company plans to lift margins by tightening its criteria for new stores, refurbishing existing ones and reworking the products it carries.

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.