Appier’s Japan Listing and 91APP’s Choice to Stay in Taiwan

Originally published 2021-02-25Robin’s commentary reflecting information from February 2021

Storage information

Bookmarks and reading positions are stored in this browser. Manage and back them up in My Reading.

Collected in Robin Shen’s Field Notes · Content type and attribution are shown above

English translation of the Chinese post originally published 2021-02-25. Translated 2026-10-30 with AI assistance. Historical figures and claims have not been updated or independently verified. 中文原文

Reading guide

Robin notes Appier’s planned March 31, 2021 listing on Japan’s Mothers market, under stock code 4180. Its prospectus was in Japanese. He shared several images that he himself guessed were balance sheets and income statements, with units he guessed were thousands of yen, and included the Japanese and English Japan Exchange Group links. His personal view was that one could certainly buy Appier in Japan, but those choosing to keep their capital in Taiwan, especially if they could not read Japanese, could pay closer attention to 91APP. This is a historical observation and personal view, not investment advice.

Key points

Appier planned to list on Japan’s Mothers market on March 31, 2021, under code 4180.
The prospectus was in Japanese; the attached financial statements and their units were Robin’s own guesses.
Robin: those keeping capital in Taiwan or unable to read Japanese could pay closer attention to 91APP.
A historical observation, not investment advice.

Columns and beams in an open building are connected by central rods and balanced weights, suggesting structure and checks in governance. — Capital markets & governanceThematic illustration · AI generated

Full text — English translation

Appier is scheduled to list on Japan’s Mothers market on March 31, 2021—but the prospectus is in Japanese. XDDD Stock code: 4180 I am posting a few images that might be balance sheets and income statements—my own guess, including the units of thousands of yen. Japanese version: https://www.jpx.co.jp/listing/stocks/new/index.html English version: https://www.jpx.co.jp/english/listing/stocks/new/index.html --- Personally, I think you can certainly go to Japan to buy Appier. But if you choose to keep your capital in Taiwan, especially if you cannot read Japanese, you could pay closer attention to 91APP.

These articles are personal notes, book excerpts, and collected reprints. Figures and events reflect the time of the original publication, are not current information, and do not constitute investment advice.

DISCUSSION

Reader comments

What did this article make you think about? Different perspectives and constructive criticism are welcome.

Comments are public immediately. Do not include personal contact details or external links. Automated checks block suspicious solicitation, prohibited transactions and spam; they can make mistakes.

Comments load when you reach this section.

Administrator sign-in