Editor’s Note
Primo Global Holdings, operator of the I-PRIMO and LAZARE DIAMOND jewelry brands, debuted on the Tokyo Stock Exchange’s Standard Market on June 24. The stock opened below its IPO price but saw significant intraday volatility, highlighting investor interest in the luxury retail sector amid current market conditions.
Primo Global Holdings (Headquarters: Chuo-ku, Tokyo; Representative: Naoki Shibahara), which operates jewelry brands such as “I-PRIMO” and “LAZARE DIAMOND,” made its debut on the Tokyo Stock Exchange’s Standard Market on June 24. The stock opened at 2,013 yen, 137 yen (6.4%) below its initial public offering (IPO) price of 2,150 yen. The opening price reached a high of 2,400 yen, with the trading price fluctuating around 165 yen.
Primo Global Holdings was established in 1999 and operates 134 stores in Japan and overseas. The company has 1,032 employees. After entering the Taiwanese market in 2007, it has expanded into Hong Kong, China, and Singapore.
Primo Global Holdings’ consolidated financial forecast for the fiscal year ending August 2025 projects net sales of 26.766 billion yen (a 7.5% year-on-year increase), operating profit of 2.72 billion yen (a 21.1% year-on-year increase), and profit attributable to owners of the parent company of 1.649 billion yen (a 43.4% year-on-year increase).
