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Primo Global Holdings

プリモグローバルホールディングス

TSE Standard ・ Ticker 367A ・ Listed

Updated

Result on listing day

-6.4%

Offer price

2,150 yen

First traded price

2,013 yen

Selling 100 shares at the first traded price would have produced a loss of 13,700 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2025-06-09 — 2025-06-13
Lottery result
2025-06-16
Listing date
2025-06-24
Cash needed to apply for one lot (100 shares)
about 215,000 yen
Offering size (at the offer price)
16 billion yen ・ 7,436,800 shares
Market capitalisation at listing
19 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 上位株主に180日間

Closing prices after listing

Compared with the first traded price of 2,013 yen.

2025-06-241,685 yen-16.3%
2025-06-251,642 yen-18.4%
2025-06-261,734 yen-13.9%
2025-06-271,700 yen-15.5%
2025-06-301,700 yen-15.5%

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The joint lead underwriters are SMBC Nikko Securities, Mizuho Securities, which receive the largest allocations.

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

What stands out

  • Runs 136 engagement and wedding ring stores in Japan and overseas (end of June 2026)
  • Revenue of 28.0 billion yen and net profit of 1.79 billion yen in the year to August 2025, both up on the year before
  • Its medium-term plan sets a target of a business profit margin of 12% or more

What could go wrong

  • The number of marriages in Japan has been trending down over the long term, so the bridal jewellery market itself can shrink
  • 49 of the 136 stores are overseas, in mainland China, Taiwan, Hong Kong and elsewhere, so local economies and currency moves feed through
  • At the IPO no new shares were issued - every share offered was sold by existing holders, including the private equity fund

About the company

A bridal jewellery holding company that runs the I-PRIMO engagement and wedding ring stores in Japan and across Asia.

How it makes money

It designs bridal jewellery - engagement and wedding rings - and sells it directly through its own branded stores. The core brand is I-PRIMO, alongside the diamond brand LAZARE DIAMOND. At the end of June 2026 it ran 136 stores in total, of which 87 were in Japan, 26 in mainland China, 16 in Taiwan, 5 in Hong Kong and one each in Singapore and Malaysia.

Where growth is meant to come from

Revenue for the year to August 2025 was 28.0 billion yen and net profit 1.79 billion yen, up from 24.9 billion yen and 1.15 billion yen a year earlier. For the year to August 2026 the company guides to revenue of 30.0 billion yen and net profit of 2.17 billion yen. Its medium-term plan running to August 2027 targets revenue growth of around 5-7% a year and a business profit margin of 12% or more.

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.