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.
Itamiarts Inc., headquartered in Okayama, Japan, is a manufacturer and e-commerce company that specializes in promotional signage products such as flags, banners, and outdoor advertising materials. Founded in 1999 and incorporated under its current structure in 2004, the company operates a low-cost, high-efficiency business model that combines digital technology with in-house production capabilities to serve primarily B2B clients across Japan.
As of January 2025, Itamiarts employs 305 staff members, including a large number of part-time workers. Its mission—“Changing the world through IT and craftsmanship”—is realized through a vertically integrated operation model and an in-house developed e-commerce system called “DREAM-PACK,” which supports multi-site growth and automated operations. Approximately 70% of the company’s revenue is derived from small-lot online B2B sales, with the remaining 30% coming from mid-to-large wholesale transactions.
The company offers a wide variety of printed advertising solutions, including event decorations, construction site signage, vehicle magnets, and storefront displays. It also manufactures custom signage such as hanging banners, outdoor panels, and life-size cutouts, leveraging advanced in-house large-format printers connected to proprietary production management systems.
In the fiscal year ending January 2025, Itamiarts reported revenue of ¥3.605 billion, exceeding projections. Operating profit was ¥271 million, supported by initiatives such as switching import materials to yen-based transactions and reducing production waste through process automation. For the fiscal year ending January 2026, the company forecasts ¥4.027 billion in revenue, though operating profit is expected to decrease due to front-loaded investments in automation equipment as part of its “Smart Factory” initiative.
Looking ahead, Itamiarts plans to expand its product line, open new specialty e-commerce sites, and further develop proprietary systems for web-based design and customer experience enhancements. It is also actively pursuing sustainability goals, including the reuse of fabric offcuts for ethical products, promotion of recycled materials, and partnerships with artists and communities to repurpose waste. Through continued investment in technology and vertical integration, Itamiarts aims to become Japan’s leading “Business prosperity support company.”
| Company Name | Itamiarts |
| Headquarters | 660-15 Shinbo, Minami-ku, Okayama City, Okayama Prefecture |
| Website | https://www.itamiarts.co.jp/ |
| Year of Establishment | 1999/2/8 |
| Listing Date | 2024/4/8 |
| Industry | Other Product |
| Business Overview | Planning, production, and sales of original large-scale sales promotion products through B2B e-commerce platforms such as the ‘King Series’ |
| Representative (CEO) | Kazuaki Itami |
| Number of Employees | 100 (as of 2024/1/31) |
| Stock Exchange | Tokyo Stock Exchange Growth |
| Auditor | KPMG Azusa |
| Lead Underwriter | Tokai Tokyo Securities |
| Market capitalization (at opening price) | 2,940 million yen |
| PER (at opening price) | 22.87 |
| Major shareholders (Top 3) | •Itami Holdings Corporation (48.78%) •Kazuaki Itami (33.73%) •K&P Partners No.3 Investment Limited Partnership (7.82%) |
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
