rYojbaba Co., Ltd. Announces Closing of $5 Million Initial Public Offering of Japanese Common Shares

Rhea-AI Summary

rYojbaba (NASDAQ:RYOJ), a Japanese labor consulting and health services company, has successfully completed its Initial Public Offering (IPO) of 1,250,000 Japanese common shares at $4.00 per share, raising total gross proceeds of $5 million.

Trading commenced on the Nasdaq Capital Market on August 14, 2025, under the ticker "RYOJ". The company granted underwriters a 45-day option to purchase up to 187,500 additional shares. The IPO proceeds will fund working capital, IT platform development, consultant hiring, international expansion, and growth of osteopathic clinics and beauty salons through M&A and franchising.

Positive

• Successfully raised $5 million through IPO on Nasdaq Capital Market
• Strategic expansion plans including IT platform development and international growth
• Diversified growth strategy through M&A and franchising opportunities
• Additional capital potential through 187,500 share over-allotment option

Negative

• Relatively small IPO size of $5 million may limit growth potential
• Multiple planned initiatives could strain available capital resources

Insights

IPO and Financial Markets Expert

rYojbaba successfully completed its $5M IPO at $4 per share, creating a new Nasdaq-listed investment opportunity in Japanese labor consulting.

rYojbaba Co. has successfully completed its $5 million initial public offering, placing 1,250,000 Japanese common shares at $4.00 per share. The company began trading on the Nasdaq Capital Market on August 14 under ticker symbol "RYOJ", marking its entrance into the public markets.

The underwriters received a 45-day option to purchase up to an additional 187,500 shares at the offering price to cover potential over-allotments, which could increase the total capital raised if exercised. The offering was led by D. Boral Capital as the primary book-running manager, with Sutter Securities serving as co-underwriter.

rYojbaba operates in two distinct sectors: labor consulting and health services. The company plans to use the proceeds primarily to enhance its technological infrastructure by developing an IT platform for its consulting services, expand its consulting workforce, and grow its health services business through strategic acquisitions and franchising of osteopathic clinics and beauty salons.

This IPO represents a relatively small public offering by Nasdaq standards, indicating rYojbaba is likely in its early growth stage. While the company has established enough credibility to achieve a public listing, the modest $5 million raise suggests limited current operations but potential aspirations for significant expansion, particularly through the merger and acquisition strategy mentioned for its health services division.

FUKUOKA, Japan, Aug. 15, 2025 (GLOBE NEWSWIRE) -- rYojbaba Co., Ltd. (Nasdaq: RYOJ) (“rYojbaba” or the “Company”), a Japanese labor consulting and health services company, today announced the closing of its initial public offering of 1,250,000 Japanese common shares at a public offering price of US$4.00 per share. The total gross proceeds from the offering, before deducting underwriting discounts and other offering expenses payable by rYojbaba, was US$5 million. rYojbaba’s Japanese common shares began trading on the Nasdaq Capital Market on August 14, 2025, under the ticker symbol “RYOJ”.

In addition, rYojbaba has granted the underwriters a 45-day option to purchase up to an additional 187,500 Common Shares at the public offering price per share, less the underwriting discount, to cover over-allotments, if any.

rYojbaba intends to use the net proceeds from the offering primarily for working capital and general corporate purposes, which may include implementation and development of an information technology (IT) platform for our labor consulting services, hiring of additional consultants and an expansion abroad of consulting business as well as an expansion of the osteopathic clinics and beauty salons through mergers and acquisitions and franchising.

D. Boral Capital LLC (“D. Boral”) acted as the lead book-running manager for the offering. Sutter Securities, Inc. acted as co-underwriter and Boustead Securities, LLC acted as Financial Advisor for the offering.

Anthony, Linder & Cacomanolis, PLLC acted as U.S. legal counsel to rYojbaba and Bevilacqua PLLC acted as U.S. legal counsel to D. Boral for the offering.

A registration statement on Form F-1, as amended (File No. 333-281225) relating to the Japanese common shares being offered and sold in this offering has been filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on July 31, 2025. This offering is being made only by means of a prospectus. A final prospectus relating to the offering was filed with the SEC on August 14, 2025 and is available on the SEC’s website at http://www.sec.gov. A copy of the final prospectus related to the offering may be obtained from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, NY 10022, by telephone: (212) 970-5150, or by email at: info@dboralcapital.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale, would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About rYojbaba Co., Ltd.
rYojbaba operates a labor consulting and health services business. The labor consulting business provides strategic consulting services for both Japanese companies and labor unions, with the underlying goal to bridge the gap between Japan’s labor culture issues and the lack of solutions for work-related dissatisfactions. rYojbaba also operates 28 osteopathic clinics and 2 beauty salons across Japan within its health services business, primarily offering judo theory, a form of osteopathic medicine practiced in Japan. To learn more, visit https://www.ryojbaba.com/.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations, including, but not limited to, statements about the use of proceeds. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

Investor Relations
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
RYOJ@gateway-grp.com  

FAQ

How much did rYojbaba (RYOJ) raise in its IPO?

rYojbaba raised $5 million in gross proceeds through its IPO, offering 1,250,000 Japanese common shares at $4.00 per share.

When did rYojbaba (RYOJ) stock begin trading on Nasdaq?

rYojbaba common shares began trading on the Nasdaq Capital Market on August 14, 2025, under the ticker symbol 'RYOJ'.

How will rYojbaba use its IPO proceeds?

The company plans to use proceeds for working capital, IT platform development, hiring consultants, international expansion, and growing osteopathic clinics and beauty salons through M&A and franchising.

What is the over-allotment option in rYojbaba's IPO?

Underwriters have a 45-day option to purchase up to 187,500 additional common shares at the public offering price to cover over-allotments.

Who were the underwriters for rYojbaba's IPO?

D. Boral Capital LLC acted as the lead book-running manager, with Sutter Securities, Inc. as co-underwriter and Boustead Securities, LLC as Financial Advisor.