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Alpico Holdings Approved for Listing on the Tokyo Stock Exchange Standard Market
Alpico Holdings has announced its approval for listing on the Tokyo Stock Exchange Standard Market.
The listing date is December 25th, with the security code being 297A. Mizuho Securities is the lead underwriter. The company plans to offer 11 million shares for public subscription, with underwriters purchasing 1,428,500 shares and an additional 1,864,200 shares for over-allotment options. The shares will be offered by Mizuho Bank and Mizuho Growth Support No. 2 Investment Limited Partnership.
Alpico Holdings, headquartered in Matsumoto City, Nagano Prefecture, is a company engaged in retail, transportation, and tourism businesses. It was established in May 2008 following the restructuring of Matsumoto Electric Railway and related group companies through private arrangements, supported by both private and public financial institutions. The management team largely consists of alumni from the main bank, Hachijuni Bank.
For the fiscal year ending March 2024, the company reported operating revenues of 99.62 billion yen, ordinary income of 2.12 billion yen, and net income of 900.45 million yen. As of the end of October, the company had an average of 2,508 employees, including temporary staff.
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