ティアフォー
TSE Growth ・ Ticker 593A ・ Listed
Offer price
1,085 yen
First traded price
1,009 yen
Selling 100 shares at the first traded price would have produced a loss of 7,600 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.
Compared with the first traded price of 1,009 yen.
You can only enter this lottery through a broker underwriting it. The joint lead underwriters are SMBC Nikko Securities, Mitsubishi UFJ Morgan Stanley Securities, which receive the largest allocations.
Broker pages are in Japanese. A comparison in English is on the brokers page.
Develops Autoware, an open-source self-driving software, and also handles the rollout and day-to-day operation of self-driving systems such as autonomous buses.
Revenue comes from three businesses. Mobility Service puts self-driving buses and similar vehicles into local public transport and facility operations. Development Service takes on contract development of self-driving systems for carmakers' mass-production vehicles. Solution Service covers technology and data provision, licensing and government-commissioned projects. Of consolidated revenue of 6.41 billion yen in the year to September 2025, Solution was 43.9%, Mobility 35.4% and Development 20.8%.
The growth engine it points to is mass-production development support for carmakers. The number of development project clients rose from 7 in the year to September 2024 to 9 in the year to September 2025, and reached 13 at the half-year mark in March 2026. For the year to September 2026 the company forecasts that this business will grow 86.8% and that total revenue will reach 8.48 billion yen, up 32.4%.
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.
