Shimadaya

シマダヤ

TSE Standard ・ Ticker 250A ・ Listed

Updated Oct 4, 2026

Result on listing day

-6.4%

Offer price

1,880 yen

First traded price

1,760 yen

Selling 100 shares at the first traded price would have produced a loss of 12,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2024-09-12 — 2024-09-19
Lottery result: To be announced
Listing date: 2024-10-01
Cash needed to apply for one lot (100 shares): about 188,000 yen
Offering size (at the offer price): 4.9 billion yen ・ 2,622,800 shares
Market capitalisation at listing: 29 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: メルコホールディングスおよび牧寛之氏ら主要株主に180日間
Company website: https://www.shimadaya.co.jp/

Brokers you can apply through

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

大和証券 SBI証券楽天証券岡三証券みずほ証券東海東京証券岡三オンライン (no longer offers IPOs)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

A chilled noodle maker with brands such as Ryusui-men, Kenbi-men and Taikoban
Revenue grew from 39.63 billion yen in the year to March 2025 to 41.06 billion yen in the year to March 2026, and net profit from 2.55 billion yen to 2.60 billion yen
Its equity ratio was 71.0% at the end of March 2026, and it plans an annual dividend of 54 yen per share for the year to March 2027

What could go wrong

For the year to March 2027 the company forecasts higher revenue but a 1.8% fall in operating profit and a 3.7% fall in ordinary profit
Rising costs for raw materials, logistics and labour can squeeze profits; the company itself says the procurement environment, including materials and logistics, needs close watching
Reorganising production can bring one-off losses; in the year to March 2026 it booked an impairment loss of about 0.21 billion yen on closing the Sendai plant of Shimadaya Tohoku

About the company

A food maker that produces and sells noodles for households and for restaurants, centred on chilled noodles such as its Ryusui-men brand.

How it makes money

It earns money from two pillars: chilled noodles for households sold in supermarkets and elsewhere, under brands such as Ryusui-men, Kenbi-men and Taikoban, and noodles for restaurants and other food businesses. In the year to March 2026, household products brought in 25.44 billion yen and business-use products 15.62 billion yen, and overseas sales are also growing. For reporting purposes it has a single food segment. It used to be a subsidiary of Melco Holdings (now Buffalo), and became independent on 1 October 2024 when Melco distributed all of its Shimadaya shares to its own shareholders as a dividend in kind; Shimadaya listed on the same day.

Where growth is meant to come from

In the year to March 2027, the final year of its medium-term plan Change95, it plans to improve profitability in its core household chilled noodles and expand sales of frozen noodles for business use, while also pushing frozen noodles for households and overseas sales. The company forecasts revenue of 43.4 billion yen (up 5.7%) and net profit attributable to owners of the parent of 2.6 billion yen (up 0.2%), with operating profit expected to fall 1.8%.

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.