TalentX

TSE Growth ・ Ticker 330A ・ Listed

Updated Oct 2, 2026

Result on listing day

+36.8%

Offer price

750 yen

First traded price

1,026 yen

Selling 100 shares at the first traded price would have produced a gain of 27,600 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2025-02-28 — 2025-03-06
Lottery result: 2025-03-07
Listing date: 2025-03-18
Cash needed to apply for one lot (100 shares): about 75,000 yen
Offering size (at the offer price): 1.5 billion yen ・ 1,960,800 shares
Market capitalisation at listing: 4.1 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 経営陣と一部株主に180日間、ベンチャーキャピタルの一部は90日間または公開価格の1.5倍で解除
Company website: https://talentx.co.jp/

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.

みずほ証券 SBI証券楽天証券岡三証券丸三証券マネックス証券松井証券岩井コスモ証券水戸証券東洋証券極東証券あかつき証券むさし証券

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

What stands out

More than 90% of revenue is recurring subscription income (a subscription share of 91% as of March 2026)
Consolidated revenue of 1.75 billion yen and operating profit of 0.33 billion yen in the year to March 2026
A monthly churn rate of 0.9% (as of March 2026)

What could go wrong

For the year to March 2027 the company is prioritising growth investment and forecasts operating profit down 52.1% and net profit down 57.0%
Demand depends on how much companies want to hire, so it could fall if the economy weakens
It has not paid a dividend so far and forecasts none for the year to March 2027

About the company

Provides cloud services for recruiting, mainly to large companies on monthly subscriptions, supporting employee referral hiring and scouting of past applicants and former employees.

How it makes money

It sells several cloud services for recruiting and is paid a monthly fee by the companies that use them. The main ones are MyTalent Refer (formerly MyRefer), which supports hiring through employee referrals; MyTalent CRM (formerly MyTalent), which stores past applicants and former employees in a database so the company can scout them again; and MyTalent Brand (formerly MyBrand), for building recruitment websites. In March 2026 it brought them together under the MyTalent Platform brand. As of March 2026 it had 402 paying client companies and annual recurring revenue (ARR) of 1.68 billion yen. In 2025 it acquired Crepe, which runs the HR professionals service すごい人事, and it has reported consolidated results since the year to March 2026.

Where growth is meant to come from

It plans to grow by adding the applicant tracking system MyTalent Hire and AI features so that each client uses several of its services, and says it aims to reach revenue of 10 billion yen and operating profit of 2 billion yen at an early stage. It describes the year to March 2027 as a period of heavier investment, and forecasts revenue of 2.14 billion yen (up 22.0%) and operating profit of 0.16 billion yen (down 52.1%).

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.