Earlyworks Co. (ELWS) Soars 59.47% on Blockchain Growth

Earlyworks Co., Ltd. Sponsored ADR (ELWS) surged 59.47% in pre-market trading on July 2, 2025, marking a significant rise in its stock price.

Earlyworks Co., Ltd. has announced its seventh ordinary general meeting of shareholders, scheduled for July 24, 2025, in Tokyo. The meeting will focus on approving financial statements for the fiscal year ending April 30, 2025, and electing four directors. The company reported a substantial increase in net sales, reaching 438 million yen, a 244.5% rise from the previous year, while also reducing its operating and net losses. This growth reflects the company's strategic focus on expanding its blockchain business and strengthening its organizational structure to meet increasing market demands.

Earlyworks Co., Ltd. operates in the technology industry, specializing in the development of blockchain solutions. The company is renowned for its proprietary blockchain technology, the Grid Ledger System (GLS), and offers system solutions to address customer challenges. It collaborates with major companies like NTT DOCOMO and SCSK Corporation to implement real-world applications of blockchain technology.