Mirairo

ミライロ

TSE Growth ・ Ticker 335A ・ Listed

Updated Oct 1, 2026

Result on listing day

+144.8%

Offer price

270 yen

First traded price

661 yen

Selling 100 shares at the first traded price would have produced a gain of 39,100 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2025-03-06 — 2025-03-12
Lottery result: 2025-03-13
Listing date: 2025-03-24
Cash needed to apply for one lot (100 shares): about 27,000 yen
Offering size (at the offer price): 715 million yen ・ 2,646,300 shares
Market capitalisation at listing: 2.8 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 創業者2名を含む上位株主に180日間
Company website: https://www.mirairo.co.jp/

Brokers you can apply through

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

SMBC日興証券三菱UFJモルガン・スタンレー証券みずほ証券 SBI証券岩井コスモ証券岡三証券楽天証券マネックス証券松井証券三菱UFJ eスマート証券

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

What stands out

Mirairo ID had grown to 655,000 users and 4,298 participating businesses by the end of June 2026
In the year to September 2025 revenue rose 17.3% and operating profit rose 21.6%
308,000 people had passed its Universal Manner certification on serving people with disabilities by the end of September 2025

What could go wrong

Large orders fell short of plan, and in August 2026 the company cut its forecast for the year to September 2026 to revenue down 2.7% and net profit down 26.4%
Demand for training and certification has been lifted by rule changes, such as the revised law against disability discrimination in force from April 2024 and the higher statutory employment quota for people with disabilities from July 2026
Revenue is small at about 800 million yen, so results swing with whether large projects are won

About the company

Runs Mirairo ID, an app that lets people show their disability certificate on a smartphone, and sells training and certification on how to serve people with disabilities to companies and local governments.

How it makes money

Revenue comes from three areas. In the nine months to June 2026, Universal Manner training and certification made up about 42% of revenue, Mirairo ID-related services about 34%, and communication support such as sign language and text interpretation about 24%. Mirairo ID lets users show their disability certificate on a smartphone to get discounts at transport operators and facilities; the company earns from businesses through system integration, coupons, advertising and research. Training and certification are sold to companies, schools and government offices.

Where growth is meant to come from

In September 2026 the company made Mirairo DB a new pillar of its growth strategy. It uses information that Mirairo ID users choose to register, with their consent, to connect people with disabilities with companies in areas such as work, money and health, and the company earns fees from companies for referrals and contracts. Its job placement service Mirairo Career, launched in April 2026, is the first example. For the year to September 2026 the company forecasts revenue down 2.7% and net profit down 26.4% (revised downward in August 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.