b-style holdings, Inc.

ビースタイルホールディングス

TSE Growth ・ Ticker 302A ・ Listed

Updated Oct 2, 2026

Result on listing day

+60.6%

Offer price

2,070 yen

First traded price

3,325 yen

Selling 100 shares at the first traded price would have produced a gain of 125,500 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2024-12-12 — 2024-12-18
Lottery result: 2024-12-19
Listing date: 2024-12-27
Cash needed to apply for one lot (100 shares): about 207,000 yen
Offering size (at the offer price): 1.4 billion yen ・ 655,500 shares
Market capitalisation at listing: 3 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 売出後に既存株主が持ち続ける968,610株の全てに180日間。ベンチャーキャピタルの保有はなし
Company website: https://www.bstylegroup.co.jp/

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The lead underwriter is SMBC Nikko Securities, which receives the largest allocation.

SMBC日興証券みずほ証券 SBI証券岡三証券水戸証券極東証券松井証券マネックス証券

Broker pages are in Japanese. A comparison in English is on the brokers page.

What stands out

Runs しゅふJOB, a job site focused on homemakers
A staffing company with revenue of over 10 billion yen, about 70% of it from staffing and recruitment
The offering raised a relatively small amount, about 1.4 billion yen

What could go wrong

Centred on staffing and recruitment, so it is sensitive to the economy through companies' appetite for hiring
Consolidated operating margin was a thin 2.5% (year to March 2024), so profit is small relative to revenue
The share of stock offered at listing (offering ratio) was a high 45.2%, which could weigh on supply and demand right after listing

About the company

A staffing company built around the job site しゅふJOB, matching homemakers who want work that fits family life with companies.

How it makes money

It earns most of its money from staffing and recruitment services tailored to how homemakers want to work; in the year to March 2024 this business made up 67.2% of revenue. It also runs media such as the job site しゅふJOB and helps companies digitalise their operations (DX).

Where growth is meant to come from

The core of its business is connecting homemakers who want to work but have limits on time and place with companies short of staff. Its aim is to broaden its sources of income by combining job media and DX support with staffing and recruitment.

Read about this company in Japanese →

Figures are taken from the offering documents and public sources, and are checked against two independent sources before publication. Nothing here is investment advice. Shares can and do open below their offer price.