Nihon Shintatsu Co., Ltd.

F-1/A amended

Price $4.00 · Range $4.00 to $6.00 · 3,750,000 shares · Gross proceeds $15,000,000

Nihon Shintatsu Co., Ltd. is conducting an IPO to raise capital through the sale of 3,750,000 common shares, priced between $4.00 and $6.00 per share. The company, focused on tourism-driven real estate in Hokkaido, aims to list on Nasdaq Capital Market, though approval is conditional. The offering is underwritten by Spartan Capital Securities, LLC, with a 45-day over-allotment option. The CEO, Hideyuki Ishii, will retain 74.9% ownership post-offering, and the company highlights risks related to regional economic fluctuations and reliance on tourism.

F-1/A amended

Range $4.00 to $6.00 · 1,250,000 shares · Gross proceeds $4,600,000

Nihon Shintatsu Co., Ltd. is conducting an initial public offering (IPO) of 1,250,000 common shares, targeting a price range of $4.00 to $6.00 per share. The company focuses on acquiring, enhancing, and reselling real estate assets in Hokkaido's tourism-driven markets, including Niseko, Furano, and Otaru. The IPO aims to fund expansion into resort developments, with a planned listing on the Nasdaq Capital Market. The offering is conditioned on Nasdaq's approval, and the company emphasizes its niche focus on Hokkaido's tourism sector, which exposes it to regional economic fluctuations and seasonality.

F-1 filed

Range $4.00 to $6.00 · 1,250,000 shares

Nihon Shintatsu Co., Ltd. is conducting an initial public offering (IPO) of 1,250,000 common shares, aiming to raise capital for its tourism-driven real estate development projects in Hokkaido, Japan. The company focuses on acquiring, enhancing, and reselling properties in high-potential tourist areas like Furano and Otaru. The IPO is conditional on Nasdaq Capital Market approval, and the company expects an offering price between $4.00 and $6.00 per share. Post-IPO, the CEO, Hideyuki Ishii, will hold 91.2% of voting power, categorizing the company as a 'controlled company' under Nasdaq rules, though it plans to adhere to Japanese corporate governance standards.

DRS filed

Nihon Shintatsu Co., Ltd. has submitted a Draft Registration Statement (DRS) on July 21, 2025, for its initial public offering (IPO) of common shares under Form F-1. The offering involves [●] common shares, with an expected price of $_______ per share. The company plans to list on the Nasdaq Capital Market, pending approval. The sole underwriter is Spartan Capital Securities, LLC. The filing emphasizes risks related to real estate market competition, indebtedness, tourism dependency, and operational volatility. The company is an emerging growth company with a concentrated ownership structure post-offering.