Growthlisted303A

Nippon EV Charging Corp.

ニッポンEVチャージング

Energy · Listed 2025-02-12

Price Overview

Offer Price

¥1,600

Range: ¥1,400–¥1,700

First Day Open

¥2,080

First Day Close

¥1,920

Current Price

¥583

Post-IPO Returns

1st Day

—

30d

—

90d

—

180d

—

-43.4%

52W High

¥1,106

52W Low

¥574

Avg Volume

5,760

Business Description

Nippon EV Charging operates Japan's largest independent EV charging network with 5,000+ stations. Partners with convenience stores and parking facilities for station deployment.

Risk Factors

EV adoption rate uncertainty in Japan
Competition from automaker-owned charging networks
High capital expenditure for infrastructure deployment

Offering Details

Lead UnderwriterMizuho Securities

Bookbuilding2025-01-29 – 2025-02-04

Shares (Koubo)4,000,000

Shares (Uridashi)1,000,000

Overallotment750,000

Lock-up

Typeperiod

Period180 days

Financials

Revenue (Latest)¥3M

Revenue (Prev)¥2M

Revenue Growth86.7%

Op. Margin10.0%

Net Income¥0M

Ownership

CEOYuki Ando

Founder Ownership38.0%

VC Ownership28.0%

Employees200

Founded2020-01-01

Use of Proceeds

Station network expansion (target 10,000), fast-charger upgrades, software platform development