Beginners IPO🔰 New to IPOs? Start here
← Back to the IPO list

Umenoyado Brewery

梅乃宿酒造

TSE Standard ・ Ticker 559A Listed

Result on listing day

+50.0%

Offer price

600 yen

First traded price

900 yen

Selling 100 shares at the first traded price would have produced a gain of 30,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2026-04-09 — 2026-04-15
Lottery result
2026-04-17
Listing date
2026-04-24
Cash needed to apply for one lot (100 shares)
about 60,000 yen
Offering size (at the offer price)
1.3 billion yen ・ 2,168,400 shares
Market capitalisation at listing
3.6 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(一部ファンドは1.5倍で解除)

Closing prices after listing

Compared with the first traded price of 900 yen.

2026-04-241,050 yen+16.7%
2026-04-271,180 yen+31.1%
2026-04-281,109 yen+23.2%
2026-04-301,000 yen+11.1%
2026-05-011,030 yen+14.4%

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.

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

What stands out

  • Aragoshi, its fruit-pulp sake liqueur line, is the core product, with a 16.7% share of Japan's domestic fruit liqueur market in 2024 (Fuji Keizai)
  • Revenue rose 15.1% and operating profit 46.8% in the year to June 2026, and the company plans higher sales and profit again in the year to June 2027
  • It plans its first dividend since listing, 21.44 yen per share for the year to June 2026, and offers shareholders vouchers for its own online shop from 100 shares

What could go wrong

  • Japan's alcohol market is shrinking as the population falls and younger people drink less
  • All production sits at a single brewery in Katsuragi, Nara, so a disaster or a plant stoppage would hit output directly
  • Export sales swing with conditions in each country. In the year to June 2025 they fell from the year before on weaker demand in China and uncertainty over tariffs in North America

About the company

A sake brewery in Nara founded in 1893, best known for its Aragoshi line of sake-based liqueurs made with plenty of real fruit pulp.

How it makes money

Building on its sake brewing, the company makes and sells sake-based liqueurs blended with plum, yuzu, mandarin and other fruit pulp at its own brewery. Wholesale to liquor shops and distributors in Japan is the main pillar. In the year to June 2025, that domestic B2B channel was 66.7% of sales, direct-to-consumer through its own online shop and brewery store was 15.3%, and exports to 24 countries and regions were 18.0%. Because the higher-margin liqueurs lead the mix, gross margin that year was 55.7%, above the average for sake and liqueur producers.

Where growth is meant to come from

Revenue rose 15.1% to 3.09 billion yen in the year to June 2026 and operating profit rose 46.8% to 465 million yen. For the year to June 2027 the company plans revenue of 3.25 billion yen and operating profit of 540 million yen, higher again on both counts. Growth is meant to come from winning new domestic accounts, reaching consumers directly through its online shop and brewery store, and opening new export markets including Europe and the Middle East.

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.