How many IPOs were there in Japan in 2025?

60 companies listed in Japan in 2025 (SPACs left out), raising $7.46B in total. The median first-day move was +29.5%, and 42% of those with a price trade above their offer price as of 7 Nov 2026.

Which Japan IPOs are coming up?

As of 7 Nov 2026: RECEPTIONIST,Inc. (listing: 10 Nov 2026); HiJoJo Partners Inc. (listing: 20 Nov 2026); TOKIUM Inc. (listing: 25 Nov 2026); Japan Home Shield Co.,Ltd. (listing: 30 Nov 2026); M&A Loyal Advisory Co.,Ltd. (listing: 3 Dec 2026).

How have Japan IPOs done in 2026?

36 listings to 7 Nov 2026: median first-day move +3.5% across the 36 with a recorded first close, and median return since offer -7.4%.

Japan IPOs: calendar, recent listings and history

Upcoming Japan IPOs, the latest listings and how they have traded since, and every Japan IPO since 2021 year by year.

Data as of 7 Nov 2026.

Live Japan deals in the IPO monitor Japan IPOs by year Japan stock market

As of 7 Nov 2026, the IPO monitor lists 25 Japan deals (SPACs left out). By stage: 5 approved and awaiting their offer, 1 closed and 19 recently listed.
Next scheduled step: RECEPTIONIST,Inc., listing: 10 Nov 2026; 5 deals have books open or a dated step in the 30 days from 7 Nov 2026.
14 Japan companies listed in the 90 days to 7 Nov 2026 (5 in the last 30); 36% of the 14 with a TradingView price trade above their offer price, and the median return since offer is -6.4%.
In 2025, 60 Japan companies listed, raising $7.46B; the median first-day move (first close against the offer price) was +29.5% across the 60 with a recorded first close.
2026 to 7 Nov 2026: 36 listings, against 43 by the same date in 2025.

Upcoming Japan IPOs: the next 30 days (5)

Company	Exchange · ticker	Status	Next step	Price band / issue price	Deal size
RECEPTIONIST,Inc.	TSE · 660A	Closed	listing: 10 Nov 2026	¥850	$7.86M
HiJoJo Partners Inc.	TSE · 657A	Approved	listing: 20 Nov 2026	¥550–¥560	$31.6M
TOKIUM Inc.	TSE · 664A	Approved	listing: 25 Nov 2026	¥1,570–¥1,620	$22.7M
Japan Home Shield Co.,Ltd.	TSE · 667A	Approved	listing: 30 Nov 2026	n/a	n/a
M&A Loyal Advisory Co.,Ltd.	TSE · 669A	Approved	listing: 3 Dec 2026	n/a	n/a

Recent Japan listings: the last 90 days (14)

Company	Exchange · ticker	Listed	Issue price	Deal size	First-day move	Since offer	Last close
estie,inc.	TSE · 658A	6 Nov 2026	¥1,100	$39.5M	-15.9%	-15.9%	¥925 (6 Nov 2026)
Allganize Holdings,Inc.	TSE · 656A	4 Nov 2026	¥1,260	$28.7M	-0.8%	-13.5%	¥1,090 (6 Nov 2026)
MabGenesis Inc.	TSE · 653A	2 Nov 2026	¥830	$10.4M	-16.1%	-9.8%	¥749 (6 Nov 2026)
toggle holdings,Inc.	TSE · 652A	30 Oct 2026	¥4,040	$85.9M	-9.9%	-12.4%	¥3,540 (6 Nov 2026)
LECRE Inc.	TSE · 648A	15 Oct 2026	¥1,480	$31.2M	+55.1%	+5.5%	¥1,561 (6 Nov 2026)
Crasus Chemical Inc.	TSE · 646A	29 Sep 2026	¥200	n/a	n/a	-4.7%	¥191 (6 Nov 2026)
LAYERED Inc.	TSE · 634A	25 Sep 2026	¥1,400	$7.51M	n/a	+26.5%	¥1,771 (6 Nov 2026)
Vertex co.,Ltd	TSE · 623A	18 Sep 2026	¥550	$13.0M	n/a	-8.2%	¥505 (6 Nov 2026)
akippa Inc.	TSE · 627A	18 Sep 2026	¥570	$7.95M	n/a	+85.3%	¥1,056 (6 Nov 2026)
Techno Craft Corporation	TSE · 622A	18 Sep 2026	¥650	$7.90M	n/a	-39.4%	¥394 (6 Nov 2026)
Skyfall Inc.	TSE · 625A	17 Sep 2026	¥1,500	$21.8M	n/a	-30.9%	¥1,037 (6 Nov 2026)
Oliver Corporation	TSE · 619A	16 Sep 2026	¥305	$143M	n/a	-3.0%	¥296 (6 Nov 2026)
Audiostock Inc.	TSE · 621A	16 Sep 2026	¥1,060	$7.43M	n/a	+2.4%	¥1,085 (6 Nov 2026)
KOMPEITO Inc.	TSE · 618A	11 Sep 2026	¥1,600	$42.3M	n/a	+11.5%	¥1,784 (6 Nov 2026)

Japan IPOs by year since 2021

Medians, not means: half the listings did better than each figure, half worse. First-day move = first close against the offer price; since offer = latest TradingView close against the offer price; 'above offer now' = share of listings with a price that trade above it. SPACs are left out.
Year	IPOs	Raised (USD)	Median deal	Median first-day move	Above offer now	Median since offer
2021	124	$6.21B (123 sized)	$17.8M	+33.1% (n=117)	36% (n=117)	-23.6%
2022	95	$2.16B (90 sized)	$8.44M	+27.0% (n=84)	45% (n=84)	-14.7%
2023	92	$3.99B	$13.2M	+27.8% (n=84)	52% (n=84)	+5.2%
2024	84	$5.88B (82 sized)	$11.3M	+24.7% (n=79)	42% (n=79)	-8.3%
2025	60	$7.46B (59 sized)	$19.2M	+29.5% (n=60)	42% (n=60)	-5.7%
2026 to 7 Nov 2026	36	$1.53B (35 sized)	$14.1M	+3.5% (n=36)	42% (n=36)	-7.4%

How to read these tables

Filed: registration filed; no terms or date yet.
Approved: cleared to list (effective registration, red-herring prospectus or exchange approval); books not open yet.
Open: books open: subscription or book-building is in progress.
Closed: books closed; pricing or allotment pending.
Allotted: shares allotted to applicants; listing pending.
Listed: trading; prices after listing are TradingView's.
Withdrawn: deal pulled.
Price band / issue price: the range the shares are offered in, or the final offer price once set.
Deal size: shares offered × offer price (band midpoint until priced; India at the band top; China's planned raise until priced), in US dollars.
SPACs (blank-cheque shells that list to buy a company later) are left out, as on the live tab.

Questions

How many IPOs were there in Japan in 2025?: 60 companies listed in Japan in 2025 (SPACs left out), raising $7.46B in total. The median first-day move was +29.5%, and 42% of those with a price trade above their offer price as of 7 Nov 2026.
Which Japan IPOs are coming up?: As of 7 Nov 2026: RECEPTIONIST,Inc. (listing: 10 Nov 2026); HiJoJo Partners Inc. (listing: 20 Nov 2026); TOKIUM Inc. (listing: 25 Nov 2026); Japan Home Shield Co.,Ltd. (listing: 30 Nov 2026); M&A Loyal Advisory Co.,Ltd. (listing: 3 Dec 2026).
How have Japan IPOs done in 2026?: 36 listings to 7 Nov 2026: median first-day move +3.5% across the 36 with a recorded first close, and median return since offer -7.4%.

Other markets: United States · India · Hong Kong · Taiwan · South Korea · China · all IPOs. Calendars and terms come from the exchange and regulator lists; prices after listing from TradingView; feed as of 7 Nov 2026.