Infcurion Inc. (Ticker: 438A JP) is a Japan-based fintech solutions provider that develops and delivers embedded financial and payment infrastructure for enterprises across industries, along with related consulting services. The Tokyo-based company plans to list on the Tokyo Growth Market on October 24, 2025, offering 6.71 million shares (including 1.70 million primary and 5.01 million secondary shares) with a 15% greenshoe option of 1.01 million shares. The expected price range is JPY 1,540–1,600 per share, aiming to raise JPY 10.74 billion (approximately USD 72.6 million).
The IPO is jointly managed by SBI Securities Co. Ltd. and JP Morgan Securities Japan Co., with EY ShinNihon as auditor. Major shareholders include Sumitomo Mitsui Card, Sumitomo Mitsui Banking Corp., and founder Hiroki Maruyama. Infcurion reported FY2025 consolidated revenue of JPY 7.17 billion and net income of JPY 74.7 million.