SOLIZE Holdings

TSE Standard ・ Ticker 5871 ・ Listed

Result on listing day

+37.4%

Offer price

1,470 yen

First traded price

2,020 yen

Selling 100 shares at the first traded price would have produced a gain of 55,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building): 2024-01-23 — 2024-01-30
Lottery result: To be announced
Listing date: 2024-02-07
Cash needed to apply for one lot (100 shares): about 147,000 yen
Offering size (at the offer price): 1.7 billion yen ・ 1,144,400 shares
Market capitalisation at listing: 8.8 billion yen
Lock-up: Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 既存株主に180日間
Company website: https://www.solize.com/

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.

大和証券野村證券 SMBC日興証券みずほ証券 SBI証券楽天証券マネックス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

Has worked on digital manufacturing with 3D technology for more than 35 years
Counts Toyota, Honda and Nissan among its main domestic customers
Owns 42 3D printers covering six different printing methods

What could go wrong

In the year to December 2025 operating profit fell 81.2% to 85 million yen and the bottom line was a net loss of 36 million yen, after spending on reorganisation and the move to a holding company
Automakers are its main customers, so results move with how much the car industry spends on development
Its long-term goal of 100 billion yen in revenue by December 2033 means growing about 3.9 times from the 25.8 billion yen it recorded in the year to December 2025, which needs average growth of around 18% a year over eight years, acquisitions included

About the company

Supports product development at automakers and other manufacturers using digital tools such as 3D CAD and 3D printing.

How it makes money

Two pillars carry the business. Engineers are placed inside customers' development teams to handle 3D CAD design, simulation and model-based development, and a manufacturing arm builds prototypes and production parts on 3D printers. Its main customers are automakers including Toyota, Honda and Nissan. Revenue for the year to December 2025 was 25,779 million yen, a record high.

Where growth is meant to come from

The group moved to a holding company structure in July 2025 and now runs through three companies — SOLIZE PARTNERS for engineering and manufacturing, SOLIZE Ureka Technology for consulting, and +81 for new ventures. Management plans revenue of 30,500 million yen for the year to December 2026, up 18.3%, and has set a long-term target of 100 billion yen in revenue by December 2033.

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.