Next Generation Technology Group

技術承継機構

TSE Growth ・ Ticker 319A ・ Listed

Updated Oct 2, 2026

Result on listing day

+35.0%

Offer price

2,000 yen

First traded price

2,700 yen

Selling 100 shares at the first traded price would have produced a gain of 70,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2025-01-22 — 2025-01-27
Lottery result: 2025-01-28
Listing date: 2025-02-05
Cash needed to apply for one lot (100 shares): about 200,000 yen
Offering size (at the offer price): 3.3 billion yen ・ 1,673,200 shares
Market capitalisation at listing: 17 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 既存株主のほぼ全てに180日間（対象7,127,050株・全体の99.4%）
Company website: https://ngt-g.com/

Brokers you can apply through

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

SBI証券JTG証券松井証券岩井コスモ証券むさし証券アイザワ証券SBIネオトレード証券

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

What stands out

A business model that takes over Japanese small businesses facing the lack of a successor through acquisitions
By the time of listing it had brought 10 companies — in metalworking, plastics, electronic components and more — into its group
At listing, more than 99% of existing shareholdings were under a 180-day lock-up

What could go wrong

Its pace of growth depends heavily on whether its next acquisitions go well
If acquired companies do not perform as expected, profits could swing sharply because of goodwill impairments and similar charges
About 200,000 yen was needed to apply at listing, a relatively high amount for a casual application

About the company

Buys small and mid-sized Japanese manufacturers that have no successor and runs them as members of its group.

How it makes money

It acquires small and mid-sized manufacturers that have no successor and supports their management as group companies, preserving each company's technology. Almost all of its revenue and profit comes from the products made by the companies it has bought. Rather than focusing on one product, it collects a wide range of manufacturers — metalworking, plastics, electronic components and more — and the holding company itself is run by a small team.

Where growth is meant to come from

Its strategy is to keep acquiring manufacturers struggling with the lack of a successor, adding group companies and building up revenue. It aims to raise their earnings through group-level management support while preserving each company's technology.

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.