TSE Growth ・ Ticker 558A ・ Listed
Offer price
3,110 yen
First traded price
3,250 yen
Selling 100 shares at the first traded price would have produced a gain of 14,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.
Compared with the first traded price of 3,250 yen.
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.
A company that takes over the running of hotels, handling everything from reservation management to guest service with its own software and a remote operations team.
It contracts directly with property owners and hotel operators, and combines its cloud hotel management system suitebook with a remote reception team to take on part or all of a hotel's operations. It charges through a mix of success fees linked to a property's sales or profit, software usage fees and fixed fees, set case by case. It owns no hotels itself, and in the year to December 2025 more than 90% of revenue was recurring. It reports as a single segment, which it calls the smart hotel business.
Rooms under its management passed 20,000 at the end of December 2025, which the company puts at 1.2% of the 1.82 million hotel rooms in Japan. Its stated priorities for growth are winning large hotel groups as clients, selling additional services to existing ones, and extending the model beyond lodging into commercial facilities and town development. In the first half of the year to December 2026, after listing, consolidated revenue was about 3.6 billion yen.
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.
