This article introduces recently IPO-listed companies in Japan while highlighting key challenges, business opportunities, industry trends, and unique business models in the Japanese market.
Hammock Inc., headquartered in Tokyo, Japan, is a software company specializing in the development and sale of business support systems and cloud services. Since its founding in 1994, the company has delivered solutions that streamline and secure corporate IT environments, empower sales teams, and automate data entry through patented AI-based optical character recognition (OCR) technologies. As Japanese companies face increasing pressure from labor shortages, digital transformation mandates, and rising cybersecurity threats, demand has grown for integrated, scalable, and automated business support systems like those offered by Hammock.
As of March 2024, the company employs 222 people and operates from its headquarters in Shinjuku, with regional offices in Nagoya, Osaka, and Fukuoka. Hammock’s mission is to “deliver robust IT environments to all organizations,” supporting both operational efficiency and compliance.
Hammock’s product lineup includes:
With a strong emphasis on self-developed products and customer-centric innovation, Hammock has built a broad customer base ranging from small and medium-sized enterprises to large corporations across sectors including manufacturing, retail, construction, and government.
In the fiscal year ending March 2024, Hammock reported ¥4.28 billion in revenue, a 7.2% year-over-year increase, and an operating profit of ¥670 million—a 31.9% increase from the previous year. Sales were led by its Network Solutions division, with strong contributions from its Sales DX segment, which grew 25.2% year-over-year. AI Data Entry saw a temporary dip but is expected to rebound with product expansion and growing BPO sector adoption.
For FY2025, Hammock forecasts ¥4.74 billion in revenue and ¥718 million in operating profit. The company is accelerating its shift toward a recurring revenue model through cloud service adoption, while investing in smart factory technologies and hiring approximately 30 new employees to support growth in sales and customer success roles.
Looking ahead, Hammock aims to expand its customer footprint by strengthening its partner ecosystem, enhancing product automation, and continuing innovation in AI and cloud technologies. The company seeks to create sustainable value through integrated IT solutions that meet evolving enterprise needs.
| Company Name | Hammock |
| Headquarters | 1-3-21 Okubo, Shinjuku-ku, Tokyo |
| Website | https://www.hammock.jp/ |
| Year of Establishment | 1994/4/1 |
| Listing Date | 2024/4/11 |
| Industry | Information and communication industry |
| Business Overview | Development and provision of business support systems and cloud services for IT asset management and security measures, sales support and business card management, and data entry using AI-based character recognition. |
| Representative (CEO) | Daisuke Wakayama |
| Number of Employees | 221 (as of 2024/1/31) |
| Stock Exchange | Tokyo Stock Exchange Growth |
| Auditor | PwC Japan |
| Lead Underwriter | SMBC Nikko Securities |
| Market capitalization (at opening price) | 9,418 million yen |
| PER (at opening price) | 21.41 |
| Major shareholders (Top 3) | •Daisuke Wakayama (44.39%) •Masami Wakayama (25.23%) •Yu Wakayama (11.91%) |
This document has been prepared based on information available at the time of the research. While we strive for accuracy, we do not guarantee the completeness or correctness of the information provided. This document is for informational purposes only and does not constitute investment advice or a recommendation. Readers are encouraged to conduct their own verification and due diligence before making any decisions.
Source: Tokyo IPO, Official Website, Yahoo! Finance
