Photosynth for smart lock "Akerun" development, listed on TSE Mothers

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Photosynth, which develops and develops the smart lock "Akerun", announced on the 30th that the listing application submitted to the Tokyo Stock Exchange has been approved. The company is scheduled to be listed on the TSE Mothers market on November 5, with Daiwa Securities and Credit Suisse Securities as lead managers. The securities code is 4379. 700,000 shares will be publicly offered and 5,613,300 shares will be sold. The over-allotment is 946,900 shares.

The estimated issue price is 1,500 yen, and the market capitalization is about 22,853 million yen. Tentative price conditions will be set on October 19th and the bookbuilding period will run from October 20th to October 26th. The final release price will be October 27th. According to the securities report, the company's sales for the fiscal year ended December 2020 were 1,175,930,000 yen, ordinary loss was 683.53 million yen, and net loss was 1,184,810,000 yen.

Photosynth was founded in September 2014 by Kodai Kawase. We aim to free people from the physical keys of the world and the various restrictions that accompany them, and to realize a "keyless society" in which people can freely access any place or space separated by a door. He develops services that utilize IoT devices and cloud-based authentication platforms, such as smart locks, and provides them through a subscription model.

Last year, we announced "Akerun Access Intelligence," a concept to cloud all keys from business to private. In this concept, unique IDs such as transportation IC cards and smartphones that users usually use, employee IDs and admission cards are combined with e-mail addresses and phone numbers and registered as "Akerun user IDs", offices, buildings, homes, etc. Allows access to various spaces.

In December of last year, JR East Startup's incubation / acceleration program "JR EAST STARTUP PROGRAM" made it possible to link Suica ID and his Akerun ID, and started up with a mechanism that allows Suica to manage entry and exit of office buildings. Won the grand prize (winner). In January of this year, MIWA Akerun Technologies, a joint venture with Miwa Lock, was established.

The shareholding ratio is led by CEO Kawase (18.35%), Globis Capital Partners (9.81%), Norinchukin (7.45%), JAFCO (5.47%), Fidelity Funds (4.34%), Globis. Fund (4.19%), Daiwa Corporate Investment (4.18%), GaiaX (3.82%), Tokyo (3.48%), Fidelity Japan Trust (3.10%), Executive Vice President Hiroaki Uesaka (2.65%), etc. Yes (trust portion is excluded from the ranking).