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

Core Viewpoint - rYojbaba Co., Ltd. successfully closed its initial public offering (IPO) of 1,250,000 Japanese common shares at a price of US$4.00 per share, raising total gross proceeds of US$5 million before expenses [1][3]. Group 1: IPO Details - The shares began trading on the Nasdaq Capital Market under the ticker symbol "RYOJ" on August 14, 2025 [1]. - The underwriters have a 45-day option to purchase an additional 187,500 common shares to cover over-allotments [2]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used for working capital and general corporate purposes, including the development of an IT platform for labor consulting services, hiring additional consultants, and expanding the consulting business internationally [3]. Group 3: Company Overview - rYojbaba operates in labor consulting and health services, providing strategic consulting for Japanese companies and labor unions to address labor culture issues [7]. - The company also runs 28 osteopathic clinics and 2 beauty salons in Japan, focusing on judo theory, a form of osteopathic medicine [7].