TSE Growth ・ Ticker 175A ・ Listed
Updated
Offer price
1,656 yen
First traded price
1,580 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.
You can only enter this lottery through a broker underwriting it. The lead underwriter is Daiwa Securities, which receives the largest allocation.
Broker pages are in Japanese. A comparison in English is on the brokers page.
A mobility-focused DX company, now a subsidiary of map maker ZENRIN, that pairs in-vehicle devices and digital signage with its own software for bus operators, logistics firms, local governments and commercial facilities.
Its main business is designing, building and delivering systems that combine IoT hardware with software for bus companies, logistics firms, local governments and commercial facilities. It both sells its own products and takes on contract development and ongoing maintenance. The line-up falls into four areas — mobility systems, digital signage, AI and data science, and cloud migration support — and its customers include ENEOS, NTT DOCOMO, JR Kyushu, Keio Bus, Keikyu Bus and Panasonic. More recently it has been expanding Will-Fleet, an OBD2-type digital tachograph that plugs into a vehicle's diagnostic port to collect operating data, as a pillar of its logistics business.
In March 2026 it published a medium-term plan called 2030 Beyond 100, and it has been widening its reach in public transport and logistics, including projects selected by the Ministry of Land, Infrastructure, Transport and Tourism for regional transport DX. In June 2026 it issued new shares to ZENRIN and Senyo Kogyo, lifting ZENRIN's stake above 50% and making the company its subsidiary. Company guidance for the year to December 2026 is revenue of 1.15 billion yen and net profit of 40 million yen, a return to profit, but the first half to June showed revenue of 330 million yen and a net loss of 170 million yen, so the plan rests on a second-half recovery.
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.
