ベルテックス
TSE Standard ・ Ticker 623A ・ Upcoming
You can only enter this lottery through a broker underwriting it. The lead underwriter is 東海東京証券, which receives the largest allocation.
Broker pages are in Japanese. A comparison in English is on the brokers page.
A real estate company that develops and sells its own brand of investment condominiums in the Tokyo area, then manages the rented units for the owners afterwards.
Its main business is selling property. It develops its own VERXEED brand condominiums and also buys and resells second-hand units, selling them to individual investors and to companies. That sales business was 89.3% of revenue in the year to November 2025. After a sale it takes on rental and building management for the owner — 5,259 units under management with a 99.8% occupancy rate at the end of June 2026 — and those monthly fees give it a steadier layer of income. It also runs VERFUND, a property fund that can be joined from 100,000 yen, which acts as a first point of contact for people new to property investment.
It names securing supply in central Tokyo and widening its sales network as its main tasks, and opened branches in Kyushu and Hokkaido in 2025 and in the Chugoku-Shikoku area in July 2026. Of the money raised at listing (up to about 1.79 billion yen after expenses), it plans to spend about 700 million yen on marketing to find new customers, about 670 million yen on nationwide brand advertising, and about 220 million yen on new branches and hiring.
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.
