TSE Growth ・ Ticker 456A ・ Listed
Updated
Offer price
3,130 yen
First traded price
3,440 yen
Selling 100 shares at the first traded price would have produced a gain of 31,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.
Compared with the first traded price of 3,440 yen.
You can only enter this lottery through a broker underwriting it. The joint lead underwriters are Nomura Securities, Mizuho Securities, which receive the largest allocations.
Broker pages are in Japanese. A comparison in English is on the brokers page.
Sells the clothing and lifestyle goods of HUMAN MADE, the brand directed by creative director NIGO, through its own online store and its own shops.
It runs a single business, its brand, designing and selling HUMAN MADE clothing along with lifestyle goods such as interior items and towels. Sales centre on its own online store and its own shops, and it deliberately keeps the online store on its own site rather than listing on other companies' marketplaces. Overseas, it covers regions where running its own shops would be inefficient by wholesaling to high-end department stores and select shops, and it has one partner-run HUMAN MADE store each in China, South Korea and Hong Kong. It also operates restaurants including the curry chain CURRY UP and earns licensing income from lending out its own intellectual property.
Instead of running sales or discounting, it keeps to a policy of making slightly less than it expects to sell and selling it all. It also still avoids buying advertising space, relying instead on joint projects with well-known creators and global brands, and on social media. In August 2026 it announced a plan to open its first flagship store in China in spring 2027. For the year to January 2027 the company forecasts revenue of 18.50 billion yen, 29.6% higher than the previous year, and recurring profit of 4.75 billion yen.
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.
