Northsand Inc (Ticker: 446A JP) is a Japanese company specializing in IT and business consulting services. Founded in 2015, it emphasizes its human-focused philosophy that prioritizes employee engagement, team collaboration, and building strong client relationships over pure technical skills, enabling rapid adaptation to client needs. It operates throughout Japan with 1,602 employees as of September 2025.

Northsand plans to list on the Tokyo Stock Exchange Growth Market on November 21, 2025, offering 17.22 million shares (9 million primary, 8.22 million secondary) at JPY 1,060-1,120, raising JPY 19.29 billion (USD 127 million). A 14.98% greenshoe adds up to 2.58 million shares. Bookbuilding runs November 6-12, with pricing on November 13.

The offering is led by Daiwa Securities Co Ltd as manager, with joint underwriters including Okasan Securities, Rakuten Securities, SBI Securities, and Monex. Note: Secondary shares include sales from insiders, with President Tomohiro Maeda selling 2.4 million shares and Managing Director Kohei Sasaki selling 1.6 million shares.