Seiwa Holdings

Seiwa Holdings (Ticker: 523A JP) is a manufacturing business succession company that acquires small and medium-sized manufacturers and integrates them into a manufacturing network. The company uses group management and platform strategies to support business succession in manufacturing. The offering includes 3,720,000 primary shares and 1,680,000 secondary shares. An additional greenshoe facility covers 810,000 shares.

The scheduled listing date on Tokyo Stock Exchange was March 27, 2026. The proposed offering comprises 5,400,000 shares at an indicative price of JPY 1250 per share. The base offering would represent JPY 6.75 billion, approximately $42.73 million in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is $151.66 million.

SBI Securities and Mizuho Securities are offering managers.