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STG

TSE Growth ・ Ticker 5858 Listed

Result on listing day

+67.4%

Offer price

1,920 yen

First traded price

3,215 yen

Selling 100 shares at the first traded price would have produced a gain of 129,500 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2024-03-05 — 2024-03-11
Lottery result
To be announced
Listing date
2024-03-21
Cash needed to apply for one lot (100 shares)
about 192,000 yen
Offering size (at the offer price)
684 million yen ・ 356,500 shares
Market capitalisation at listing
1.9 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 既存株主に90日間または180日間(一部は公開価格の1.5倍以上で解除条項あり)

Brokers you can apply through

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

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

What stands out

  • Handles everything from casting to machining and final inspection, and publishes a track record of tolerances down to plus or minus 0.03mm and wall thickness of 0.35mm
  • Plants in Japan, China, Thailand and Malaysia let it separate precision short runs from high-volume production
  • Revenue rose from 5.24 billion yen in the year to March 2024 to 6.82 billion yen in the year to March 2026, about 1.3 times in two years

What could go wrong

  • It is a contract manufacturer, so its sales follow the production plans of its customers in areas such as car parts and telecom equipment
  • Revenue rose in the year to March 2026, but operating profit fell from 485 million yen to 337 million and net profit from 389 million to 281 million
  • With plants in China, Thailand and Malaysia as well as Japan, it is exposed to currency moves and to changes in conditions in those countries

About the company

A maker of lightweight metal parts that die-casts magnesium and aluminium and then handles the machining and inspection in-house as well.

How it makes money

Its core process is die casting, where molten metal is poured into a mould, and the group handles everything from casting and trimming through finishing, machining and final inspection itself. Customers span car parts, telecom equipment, medical devices, industrial machinery and office equipment, and its strength is in parts that have to be light, thin or small. It has plants in Japan, China, Thailand and Malaysia, and splits work between them — tight-tolerance short runs at home, high-volume low-cost work overseas. It also runs STG Design Labo, which develops and sells products of its own design.

Where growth is meant to come from

The company says its goal is to become the world's leading magnesium forming and machining group, and it is working to win more orders by combining its integrated production line with its overseas plants. In August 2026 it made another company, 折居技研, a subsidiary. For the year to March 2027 the company is forecasting revenue of 7.6 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.