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Reskill

リスキル

TSE Growth ・ Ticker 291A ・ Listed

Updated

Result on listing day

+29.8%

Offer price

3,730 yen

First traded price

4,840 yen

Selling 100 shares at the first traded price would have produced a gain of 111,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2024-12-02 — 2024-12-06
Lottery result
To be announced
Listing date
2024-12-17
Cash needed to apply for one lot (100 shares)
about 373,000 yen
Offering size (at the offer price)
2.5 billion yen ・ 660,400 shares
Market capitalisation at listing
7.8 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 代表取締役(既存株主)に180日間

Brokers you can apply through

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

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

What stands out

  • Revenue of 2.48 billion yen (up 26.5%) and operating profit of 0.90 billion yen (up 31.4%) in the year to March 2026, an operating margin of 36.2%
  • 1,760 client companies for in-house biz training in the year to March 2026, up 28.4%
  • More than 1,000 courses and more than 140,000 trainees a year (year to March 2026)

What could go wrong

  • Because it plans a big increase in advertising, the company forecasts net profit down 34.2% for the year to March 2027
  • Growth in new tech-training clients has stalled, and both the number of clients and revenue are expected to fall in the year to March 2027
  • Results are sensitive to companies' hiring and training budgets (the company says weak hiring at client companies was one reason for fewer small tech-training orders)

About the company

A staff-training company that offers businesses a wide range of affordably priced courses, from business skills such as management training to engineering courses for people with no IT experience.

How it makes money

It handles marketing, sales, course design and the training-management system itself, and hires outside instructors only to teach on the day, which keeps prices low. It has two lines, biz training in general business skills and tech training in engineering and digital skills for people with no IT background, offered as in-house sessions for a single company, open courses that staff from several companies join, and video courses. It has more than 1,000 courses, and more than 140,000 people took them in the year to March 2026.

Where growth is meant to come from

The company estimates its share of the training market at under 1%, and plans to grow the number of client companies with biz training as its main growth driver. For the year to March 2027 it plans to raise advertising spending, including TV commercials and online video ads, to about 2.5 times the previous year, and forecasts revenue up 8.2% but net profit down 34.2%. It expects tech training revenue to fall because fewer inquiries are coming in through the web.

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.