TSE Growth ・ Ticker 338A ・ Listed
Updated
Offer price
1,580 yen
First traded price
5,000 yen
Selling 100 shares at the first traded price would have produced a gain of 342,000 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 岡三証券, which receives the largest allocation.
Broker pages are in Japanese. A comparison in English is on the brokers page.
A security company that sells software to prevent data leaks from PCs and other devices, using secret sharing technology that splits data into meaningless fragments.
Its main product is ZENMU Virtual Drive (ZVD), which lets people work without leaving data on their PCs. It is sold to companies through sales partners and other channels, and earns recurring subscription fees on annual contracts. It also earns income from secure computation projects, which let data be analysed while still encrypted, and is working to build its ZENMU Engine technology into other companies' products such as drones.
In the short term it plans to widen its network of sales partners for ZVD and support devices beyond Windows PCs. In the medium term it aims to build ZENMU Engine into products in fields such as drones, security cameras and generative AI, and in the longer term to turn secure computation into a SaaS business and expand overseas. For the year to December 2026 the company forecasts revenue of 1.08 billion yen (up 26.8%) and net profit of 300 million yen, but the first half (January to June) brought revenue of 310 million yen and an operating loss.
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.
