LOGOS HOLDINGS

ロゴスホールディングス

TSE Growth ・ Ticker 205A ・ Listed

Updated Oct 4, 2026

Result on listing day

+0.0%

Offer price

2,290 yen

First traded price

2,290 yen

Selling 100 shares at the first traded price would have produced a gain of 0 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2024-06-13 — 2024-06-19
Lottery result: To be announced
Listing date: 2024-06-28
Cash needed to apply for one lot (100 shares): about 229,000 yen
Offering size (at the offer price): 3.7 billion yen ・ 1,605,800 shares
Market capitalisation at listing: 8.9 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 筆頭株主のエンデバー・ユナイテッド2号投資事業有限責任組合など主要株主に180日間のロックアップが付されており、株価が公開価格の1.5倍以上となった場合には解除される条項があります。
Company website: https://logos-holdings.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日興証券野村證券大和証券 SBI証券楽天証券東海東京証券北洋証券ちばぎん証券静銀ティーエム証券大和コネクト証券

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

What stands out

It brings together regional homebuilders in Hokkaido, Tochigi, Niigata and elsewhere, with revenue of 49.50 billion yen in the year to May 2026 (up 36.5%)
Net profit attributable to owners of the parent was 800 million yen in the year to May 2026 (up 300.1%), recovering from the previous year's fall in profit
The company forecasts higher revenue and profit again for the year to May 2027, with an annual dividend forecast of 88.75 yen (63.39 yen for the year to May 2026)

What could go wrong

In the year to May 2025, revenue rose but net profit attributable to owners of the parent fell to 200 million yen, so profit can swing depending on the timing of new outlets and home handovers
Demand for housing is sensitive to interest rates, building material costs and the economy
Because it grows through acquisitions, the performance of the companies it buys and the burden of borrowing could affect its results

About the company

The holding company of a housebuilding group that began in Hokkaido with ロゴスホーム and now owns regional homebuilders that design and build custom homes.

How it makes money

Almost all of its business is designing and building detached custom homes. Group companies build and hand over homes in their own regions, including ロゴスホーム, which started in Tokachi, 豊栄建設 in Sapporo, ギャラリーハウス in Tochigi and 坂井建設 in Niigata (which joined the group in December 2024). It is known for attracting customers through online digital marketing and using IT to cut the time and effort involved in sales and building.

Where growth is meant to come from

Its strategy is to open new outlets with the Tokai region as the main focus and the Kanto region as another priority, while growing through acquisitions that bring regional homebuilders into the group. For the year to May 2027, the company forecasts 1,608 homes handed over, revenue of 54.27 billion yen (up 9.6%) and net profit attributable to owners of the parent of 1.16 billion yen (up 45.2%).

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.