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Hitotohito Holdings

ヒトトヒトホールディングス

TSE Standard ・ Ticker 549A Listed

Result on listing day

-1.9%

Offer price

430 yen

First traded price

422 yen

Selling 100 shares at the first traded price would have produced a loss of 800 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2026-03-19 — 2026-03-26
Lottery result
2026-03-30
Listing date
2026-04-07
Cash needed to apply for one lot (100 shares)
about 43,000 yen
Offering size (at the offer price)
1.7 billion yen ・ 4,025,000 shares
Market capitalisation at listing
6 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 主要株主は180日間・一部ファンドは90日間

Closing prices after listing

Compared with the first traded price of 422 yen.

2026-04-07441 yen+4.5%
2026-04-08521 yen+23.5%
2026-04-09621 yen+47.2%
2026-04-10593 yen+40.5%
2026-04-13596 yen+41.2%

Brokers you can apply through

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

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

What stands out

  • Started in 1974 managing the Meiji Jingu baseball stadium, and now counts 8 of Japan's 12 professional baseball clubs among its customers
  • About 60% of revenue comes from building security and cleaning, and the company says its client repeat rate is 97%
  • For the year to March 2027 the company forecasts its first ever dividend, at 21.43 yen a share

What could go wrong

  • The jump in the year to March 2026 owed much to Osaka-Kansai Expo work, and the company's own forecast for the following year is roughly flat
  • Because the business is about gathering people and placing them on site, trouble hiring or rising labour costs squeeze profit
  • This listing was entirely a sale by existing shareholders, so no new money went into the company

About the company

The holding company of a group that supplies the staff behind professional sports events and handles security and cleaning for office buildings and commercial facilities.

How it makes money

Its business is supplying people and know-how to sites that need manpower, and it splits into three parts. The largest is building management, meaning security and cleaning for office buildings and commercial facilities, at 57.2% of revenue in the year to March 2026. Next come event management, handling guidance, crowd control and security at professional baseball and J.League venues, at 23.7%, and staffing support, covering temporary staffing and running stores on a client's behalf, at 19.1%.

Where growth is meant to come from

In the year to March 2026, work tied to the Osaka-Kansai Expo lifted revenue 19.6% to 20.09 billion yen and operating profit 47.0% to 1.03 billion yen. The Expo was a one-off, however, so the company forecasts revenue of 20.12 billion yen for the year to March 2027, roughly flat, and plans to grow instead by winning new clients and through acquisitions.

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.