IPO Companies

The following is a list of companies in which we have invested that have gone public between 2021 and 2025.They are listed newest to oldest.

Microwave Chemical Co.,Ltd. https://mwcc.jp/en/

Company Profile

Ticker symbol 9227
Market Grouth Market
Address Suminoe-ku Osaka-shi Osaka
Established Aug,2007
Business R&D and engineering of microwave process
Financial Highlights
(JPY in million)
  Mar-20 Mar-21 Mar-22
Revenue 1,052 458 860
Ordinary profit 27 ▲355 ▲98
Net Income 32 ▲1,036 ▲110

IPO information

Listing date June 24,2022
Offering price JPY605
Opening price JPY550

ANYCOLOR Inc https://www.anycolor.co.jp/en

Company Profile

Ticker symbol 5032
Market Grouth Market
Address Minato-ku,Tokyo
Established May,2017
Business recruitment, creation, planning and production of Vtubers
Financial Highlights
(JPY in million)
  Apr-19 Apr-20 Apr-21
Revenue 866 3,478 7,636
Ordinary profit 47 42 1,451
Net Income 29 32 937

IPO information

Listing date June 8,2022
Offering price JPY1,530
Opening price JPY4,810

moi Corporation https://about.moi.st/ja/

Company Profile

Ticker symbol 5031
Market Grouth Market
Address Chiyoda-ku,Tokyo
Established February,2012
Business operation of a live streaming platform
Financial Highlights
(JPY in million)
  Jan-19 Jan-20 Jan-21
Revenue 1,264 2,359 5,479
Ordinary profit ▲12 ▲190 ▲136
Net Income ▲34 ▲193 ▲146

IPO information

Listing date April 27,2022
Offering price JPY470
Opening price JPY902

PT GOTO Gojek Tokopedia Tbk

Company Profile

Ticker symbol GOTO
Market Indonesia Stock Exchange
Address South Jakarta Indonesia
Established October,2010
Business Operation of a ride-hailing service platform and EC marketplace business in Indonesia.
Financial Highlights
(IDR in Billion)
  Dec-18 Dec-19 Dec-20
Revenue 1,436 2,303 3,327
Ordinary profit (11,743) (24,159) (16,788)
Net Income (11,749) (24,081) (16,735)

IPO information

Listing date April 11,2022 
Offering price IDR338
Opening price IDR400

GiXo Ltd. https://www.gixo.jp/

Company Profile

Ticker symbol 9219
Market TSE Mothers
Address Minato-ku,Tokyo
Established December,2012
Business Business of providing support in collecting and analyzing big data, strategy planning and implementation
Financial Highlights
(JPY in million)
  Jun-19 Jun-20 Jun-21
Revenue 382 617 722
Ordinary profit 32 42 50
Net Income 23 36 51

IPO information

Listing date March 30,2022
Offering price JPY1,070
Opening price JPY1,100

Mental Health Technologies Co.Ltd https://mh-tec.co.jp/

Company Profile

Ticker symbol 9218
Market TSE Mothers
Address Minato-ku,Tokyo
Established March,2011
Business Development of AI platform for mental care services, IT solution service for medical associations
Financial Highlights
(JPY in million)
  Dec-19 Dec-20 Dec-21
Revenue 193 304 342
Ordinary profit (78) (1) 38
Net Income (78) (0) 39

IPO information

Listing date March 28,2022
Offering price JPY630
Opening price JPY880

TORICO Co.,Ltd. https://www.torico-corp.com/

Company Profile

Ticker symbol 7138
Market TSE Mothers
Address Chiyoda-ku,Tokyo
Established July,2005
Business E-commerce services centered on "mangazenkan.com", an online bookstore specializing in complete comic sets; digital comic distribution services in Japan and overseas; and manga event services in real spaces
Financial Highlights
(JPY in million)
  Mar-19 Mar-20 Mar-21
Revenue 2,813 3,174 4,991
Ordinary profit 35 (28) 273
Net Income 37 (30) 273

IPO information

Listing date March 23,2022
Offering price JPY1,700
Opening price JPY2,510

CaSy Co.,Ltd. https://casy.co.jp/

Company Profile

Ticker symbol 9215
Market TSE Mothers
Address Shinagawa-ku,Tokyo
Established January,2014
Business Housekeeping service through cloud sourcing
Financial Highlights
(JPY in million)
  Nov-19 Nov-20 Nov-21
Revenue 806 965 1,165
Ordinary profit (210) (120) (5)
Net Income (210) (120) 3

IPO information

Listing date February 22,2022
Offering price JPY1,350
Opening price JPY2,001

SUSMED, Inc. https://www.susmed.co.jp/

Company Profile

Ticker symbol 4263
Market TSE Mothers
Address Chuo-ku,Tokyo
Established July,2015
Business Development of apps for treatment for insomnia and blockchain system for clinical trial
Financial Highlights
(JPY in million)
  Jun-19 Jun-20 Jun-21
Revenue 5 34 115
Ordinary profit (215) (88) (271)
Net Income (216) (96) (277)

IPO information

Listing date December 24,2021
Offering price JPY1,410
Opening price JPY1,500

ExaWizards Inc.https://exawizards.com/

Company Profile

Ticker symbol 4259
Market TSE Mothers
Address Minato-ku,Tokyo
Established February,2016
Business Solving social issues through Artificial Intelligence
Financial Highlights
(JPY in million)
  Mar-19 Mar-20 Mar-21
Revenue 985 2,063 2,612
Ordinary profit (386) (422) (348)
Net Income (353) (469) (585)

IPO information

Listing date December 23,2021
Offering price JPY1,150
Opening price JPY1,030

Photosynth Inc.https://photosynth.co.jp/

Company Profile

Ticker symbol 4379
Market TSE Mothers
Address Minato-ku,Tokyo
Established September,2014
Business The Company provides its smart lock, “Akerun,” for corporate clients.
Financial Highlights
(JPY in million)
  Dec-18 Dec-19 Dec-20
Revenue 428 778 1,175
Ordinary profit (518) (708) (683)
Net Income (526) (713) (1,184)

IPO information

Listing date Novenber 5,2021
Offering price JPY1,500
Opening price JPY1,410

Asterisk Inc.https://www.asx.co.jp/

Company Profile

Ticker symbol 6522
Market TSE Mothers
Address Osaka-shi Osaka
Established September,2006
Business Development and sales of bar-code/RFID readers and business apps incidental to them
Financial Highlights
(JPY in million)
                
  Aug-18 Aug-19 Aug-20
Revenue1,362 1,078 1,320
Ordinary profit 202 93 32
Net Income 179 107 (9)

IPO information

Listing date September 30,2021
Offering price JPY3,300
Opening price JPY5,760

ProjectCompany, Inc.https://www.projectcompany.co.jp/

Company Profile

Ticker symbol 9246
Market TSE Mothers
Address Minato-ku,Tokyo
Established January,2016
Business UI/UX improvement for websites and apps and SNS operation marketing
Financial Highlights
(JPY in million)
  Dec-19 Dec-20
Revenue 664 1,104
Ordinary profit 31 170
Net Income 19 113

IPO information

Listing date September 29,2021
Offering price JPY2,650
Opening price JPY3,500

AEye, Inc.https://www.aeye.ai/

Company Profile

Ticker symbol LIDR
Market NASDAQ
Address 5700 Stoneridge Dr #102, Pleasanton, CA 94588, USA
Established February,2013
Business Development and provision of a sensing system capable of detecting moving objects by combining laser scanners(LiDAR) and cameras.
Financial Highlights
(USD in 000’s)
  Dec-17 Dec-18 Dec-19
Revenue 3,663 550 2,200
Ordinary profit (8,762) (16,110) (26,711)
Net Income (8,762) (16,110) (26,711)

IPO information

Listing date August 18,2021 
Opening price USD 9.31

Waqoo Inc. https://www.waqoo.jp/

Company Profile

Ticker symbol 4937
Market TSE Mothers
Address Setagaya-ku, Tokyo
Established December,2005
Business Waqoo Inc. plans and develops of original brands (cosmetics, etc.) using digital marketing and sales to general consumers through the company's e-commerce site, etc.
Financial Highlights
(JPY in million)
  Sep-18 Sep-19 Sep-20
Revenue 2,172 3,386 4,504
Ordinary profit 15 (793) 108
Net Income 22 (794) 98

IPO information

Listing date June 29,2021
Public offering price JPY 1,920
Opening price JPY 2,362

Perseus Proteomics Inc.https://www.ppmx.com/

Company Profile

Ticker symbol 4882
Market TSE Mothers
Address Meguro-ku, Tokyo
Established February,2001
Business Perseus Proteomics Inc. researchs and develops of therapeutic drugs for cancer and other diseases based on the protein expression and antibody production technologies developed at the Laboratory of Systems Biology and Medicine (LSBM), a research center for advanced science and technology at the University of Tokyo, and related activities.
Financial Highlights
(JPY in million)
  Mar-19 Mar-20
Revenue 275 85
Ordinary profit (145) (834)
Net Income (163) (841)

IPO information

Listing date June 22,2021
Public offering price JPY 870
Opening price JPY 1,005

SoFi Technologies Inc.https://www.sofi.com/

Company Profile

Ticker symbol SOFI
Market NASDAQ
Address 234 1st Street San Francisco, CA 94105
Established April,2011
Business SoFi Technologies Inc. provides student loans, personal loans, mortgage loans, and asset management, credit card, and insurance services.
Financial Highlights
(USD in million)
  Dec-18 Dec-19 Dec-20
Revenue 241 451 621
EBITDA (227) (149) (45)

IPO information

Listing date June 1,2021
Public offering price USD 10
Opening price USD 21.97

Visional, Inc.https://www.visional.inc/ja/index.html/

Company Profile

Ticker symbol 4194
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established August,2007
Business Visional, Inc. operates ”Bizreach", a membership-based job search platform specializing in professional human resources.
Financial Highlights
(JPY in million)
  Jul-19(Consolidated) Jul-20(Consolidated)
Revenue 21,492 25,879
Ordinary profit 511 2,254
Net Income 335 4,658

IPO information

Listing date April 22,2021
Public offering price JPY 5,000
Opening price JPY 7,150

QD Laser, Inc.https://www.qdlaser.com/

Company Profile

Ticker symbol 6613
Market TSE Mothers
Address Kawasaki-shi , Kanagawa
Established April,2006
Business QD Laser, Inc. develops, manufactures, and sales semiconductor lasers, retinal scanning laser eyewear, and their application products.
Financial Highlights
(JPY in million)
  Mar-18 Mar-19 Mar-20
Revenue 664 961 757
Ordinary profit (1,075) (996) (1,225)
Net Income (1,128) (1,041) (1,240)

IPO information

Listing date Feburuary 5,2021
Public offering price JPY 340
Opening price JPY 797