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TeraTechnology

テラテクノロジー

TSE Standard ・ Ticker 483A Listed

Result on listing day

+38.9%

Offer price

2,090 yen

First traded price

2,904 yen

Selling 100 shares at the first traded price would have produced a gain of 81,400 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2025-12-09 — 2025-12-12
Lottery result
2025-12-15
Listing date
2025-12-23
Cash needed to apply for one lot (100 shares)
about 209,000 yen
Offering size (at the offer price)
1.4 billion yen ・ 655,500 shares
Market capitalisation at listing
3.8 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 上位2株主に180日間

Closing prices after listing

Compared with the first traded price of 2,904 yen.

2025-12-232,425 yen-16.5%
2025-12-242,542 yen-12.5%
2025-12-252,495 yen-14.1%
2025-12-262,404 yen-17.2%
2025-12-292,356 yen-18.9%

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

  • A long record in public-sector and telecom work, building large systems for government bodies and major carriers
  • Revenue and profit both kept rising through the year to March 2026, reaching consolidated revenue of 4,749 million yen and operating profit of 555 million yen
  • Work tends to run from development into maintenance and then the next rebuild, and repeat business was over 90% of revenue in fiscal 2025

What could go wrong

  • Its customers are concentrated among government bodies and large companies, so orders swing with their budgets and IT investment plans
  • Revenue is capped by the number of engineers it has, so growth stalls if hiring and retention do not keep up
  • Its plan for the year to March 2027 is revenue up 4.8% and operating profit up 4.0%, a modest pace of growth

About the company

A system integrator that builds the large-scale systems used by government bodies and major telecom carriers, and stays on to run and maintain them.

How it makes money

About 70% of its work comes through large IT vendors and system integrators, and it spreads that work evenly across five fields, namely public sector, telecoms, information services, finance, and manufacturing and others. Its main customers include Fujitsu, TIS, NTT Data, Recruit, SoftBank and KDDI, and the share of contracts signed directly with end customers has been rising. Because it stays on to run and maintain what it builds and wins the rebuild work that comes round every three to four years, repeat business was more than 90% of revenue in fiscal 2025. It had 373 employees including contract staff as of April 2026.

Where growth is meant to come from

The plan is to concentrate its engineers on higher-value work such as AI, IoT and cloud projects, and to grow while holding its margin. It targets an 8% increase in engineers every year and puts weight on recruiting and training. For the year to March 2027 it forecasts revenue of 4,976 million yen, up 4.8%, and operating profit of 577 million 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.