Overview
- Shares were priced at ¥850 for the offering, implying a market capitalization of about ¥35 billion.
- The stock opened its first day at an initial price of ¥1,863 and closed at ¥1,950 after heavy buy interest, then finished the second day at ¥1,750 after trading between ¥1,701 and ¥1,965.
- Pre-IPO owners Nomura Holdings and the Carlyle Group sold all their shares, with 27,563,200 shares offered and a 4,134,400-share overallotment, including a parent allocation to local banks and an employee share plan.
- Management signaled plans to accelerate tourism and hotel ventures and to expand overseas beer sales in markets such as the United States and Taiwan.
- Orion reported record FY2025 standalone results with sales near ¥27.8 billion and recurring profit around ¥4.2 billion, while noting the scheduled end of an Okinawa-specific liquor tax reduction in 2026 as a margin risk.