A somewhat atypical quantum startup with ¥670 million in sales and profitable operations — Osaka University spinout QuEL
Osaka University spinout QuEL develops and sells control systems for quantum computers and recorded sales of ¥670 million and a net profit of ¥61.69 million for the fiscal year ending June 2025. This piece examines the company’s strengths—built on a track record with domestic research institutions and already generating profit—and the factors that will determine future growth, such as customer concentration and overseas expansion.
