A Japanese IPO Unlike Any Other｜Can “Human Power” Really Scale? | Northsand (TSE:446A)
Автор: Japan IPO Analyze
Загружено: 2026-01-25
Просмотров: 1
Описание:
Most investors misunderstand Japanese IPOs.
Northsand, Inc. (TSE: 446A) is a perfect example.
This is not a story about technology, IP, or scalable software.
It’s about culture, emotion, and human capital — and whether those can truly scale.
📌 Company Overview
Company: Northsand, Inc.
Listed: November 21, 2025
Stock Code: 446A
Market: Tokyo Stock Exchange
In this video, I explain:
Why Northsand’s growth model looks irrational to overseas investors
How “Human Power” (charm, honesty, persistence) drives revenue
The hidden risks behind rapid hiring and culture dilution
Why this IPO divides opinion more than the numbers suggest
👉 Full structural IPO analysis (Medium)
Read the complete deep dive here:
https://medium.com/@japanipoanalyze
⚠️ This content is for educational purposes only and does not constitute investment advice.
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