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.

About Dive

Dive Inc., headquartered in Tokyo, Japan, is a human resources and hospitality service company focused on revitalizing regional tourism through specialized staffing and digital solutions. Since its founding, Dive has aimed to solve labor shortages in the travel and hospitality sector by offering resort-based temporary staffing, managing lodging facilities, and developing IT systems that support the operations of regional businesses.

At the core of Dive’s services is its Tourism HR Business, which specializes in placing workers in short-term, live-in positions at ryokans, hotels, and other tourism facilities across Japan. These jobs offer economic benefits such as free lodging and meals, while providing young workers a unique opportunity to gain skills and experience in non-urban environments. This business model has proven effective for both sides: job seekers seeking a purposeful, experience-based working style, and businesses needing flexible, seasonal staffing.

Dive further differentiates itself with a robust matching system powered by a rich database of facility information, staff reviews, and operational know-how. The company’s platform enables high-precision matching between candidates and workplaces, optimizing both user satisfaction and business efficiency.

In addition to HR services, Dive operates a growing portfolio of regional revitalization projects, including glamping resorts and other tourism infrastructure that contribute to local economies. The company also provides IT solutions to support internal operations and external client needs in workforce and facility management.

Financial Performance (FY2024):

• Consolidated revenue reached ¥12.36 billion, a 49.6% year-over-year increase.
• Operating profit was ¥542 million (+351.9% YoY), the highest in company history.
• The number of workers placed grew to 9,320 (+18.8% YoY), with per-worker revenue rising to ¥1.24 million (+27.2% YoY).
  

Outlook (FY2025):

• Dive projects revenue of ¥14.6 billion (+18.1% YoY) and operating profit of ¥803 million (+48.2% YoY).
• Growth will be driven by further adoption of resort staffing, expansion of regional development facilities, and strategic investment in internal IT systems and new business development.
• The company also plans to strengthen its focus on recruiting and training highly skilled international talent for the Japanese tourism industry through partnerships with overseas educational institutions.

With Japan’s aging population and continued labor challenges in the tourism sector, Dive Inc. positions itself as a key player in building a more sustainable and vibrant regional economy through people, place, and technology.

Dive IPO Summary

Company Name	Dive Inc.
Headquarters	8-1, Shinjuku 2-chome, Shinjuku-ku, Tokyo
Website	https://dive.design/
Year of Establishment	2002/3/29
Listing Date	2024/3/27
Industry	Service industry
Business Overview	Specialize in staffing and recruitment services for resort jobs, operate lodging facilities, and provide information system services.
Representative (CEO)	Kiyoshi Shoji
Number of Employees	137 (as of 2024/1/31)
Stock Exchange	Tokyo Stock Exchange Growth
Auditor	Taiyo
Lead Underwriter	SBI Securities
Market capitalization (at opening price)	8,917 million yen
PER (at opening price)	45.97
Major shareholders (Top 3)	•Kiyoshi Shoji (52.69%) •NAKANAKA LLC (27.55%) •Cotaeru Trust Company (7.20%)

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