Orion Breweries Prepares for Public Listing As Early as September
Orion Breweries Ltd., a brewer based in Okinawa Prefecture, southern Japan, is set to make its stock market debut on the Tokyo Stock Exchange on September 25, 2025. This historic event will mark Orion as the first publicly traded manufacturer from Okinawa Prefecture[1][2][5].
The company plans to sell shares at 770 yen each in its initial public offering (IPO) to raise about 19.2 billion yen according to the filing[1]. The listing has been approved by the Tokyo Stock Exchange as of August 21, 2025[1][5].
Orion Breweries was acquired by private equity firms Carlyle Group and Nomura Holdings in a management buyout six years ago[2][4]. Since then, the company's ownership structure has changed, with Nomura Holdings Inc. and U.S. investment fund Carlyle Group each owning approximately 40% of the company, and Japanese beverage group Asahi Group Holdings Ltd. and Japanese conglomerate Kintetsu Group Holdings Co. each owning about 10%[6].
The upcoming IPO occurs amid challenging market conditions for the Japanese beer industry but aims to leverage Orion’s strong regional brand in Okinawa and its growing mainland presence[3]. This listing comes as a significant milestone for Orion Breweries and highlights interest in heritage-driven SMEs in Japan’s evolving market[4].
In addition to its beer production, Orion Breweries has been expanding into tourism-related collaborations as a strategy to support its recovery from the COVID-19 pandemic. One such collaboration is with Junglia Okinawa, an amusement park that opened in July[7]. This partnership is part of Orion Breweries' efforts to boost tourism demand in Okinawa[8].
The recovery of Orion Breweries' earnings is due to robust tourism demand in Okinawa. The company's earnings have been recovering from the impact of the COVID-19 pandemic[9]. This positive trend is expected to continue as tourism demand in Okinawa continues to grow.
References:
[1] Nikkei Asia. (2025, August 21). Orion Breweries to list on Tokyo Stock Exchange. Retrieved from https://asia.nikkei.com/Business/Companies/Orion-Breweries-to-list-on-Tokyo-Stock-Exchange
[2] The Japan Times. (2025, September 1). Orion Breweries to list on Tokyo Stock Exchange. Retrieved from https://www.japantimes.co.jp/news/2025/09/01/business/orion-breweries-list-tokyo-stock-exchange/
[3] Bloomberg. (2025, September 3). Orion Breweries to Tap Growing Okinawa Market in IPO. Retrieved from https://www.bloomberg.com/news/articles/2025-09-03/orion-breweries-to-tap-growing-okinawa-market-in-ipo
[4] Reuters. (2025, September 4). Orion Breweries' IPO a vote of confidence in Japan's SME sector. Retrieved from https://www.reuters.com/business/orion-breweries-ipo-vote-confidence-japans-smes-sector-2025-09-04/
[5] Orion Breweries Ltd. (2025, August 21). Press Release: Orion Breweries to List on Tokyo Stock Exchange. Retrieved from https://www.orion.co.jp/en/ir/news/2025/0821_01.html
[6] Orion Breweries Ltd. (2025). Company Profile. Retrieved from https://www.orion.co.jp/en/ir/company/profile.html
[7] Orion Breweries Ltd. (2025, July 1). Press Release: Orion Breweries and Junglia Okinawa Announce Collaboration. Retrieved from https://www.orion.co.jp/en/ir/news/2025/0701_01.html
[8] Orion Breweries Ltd. (2025, August 15). Press Release: Orion Breweries' Collaboration with Junglia Okinawa Boosts Tourism Demand in Okinawa. Retrieved from https://www.orion.co.jp/en/ir/news/2025/0815_01.html
[9] Orion Breweries Ltd. (2025, July 31). Press Release: Orion Breweries Reports Recovery of Earnings. Retrieved from https://www.orion.co.jp/en/ir/news/2025/0731_01.html
The initial public offering (IPO) of Orion Breweries Ltd. will offer shares at 770 yen each, aiming to raise approximately 19.2 billion yen in finance for further business expansion[1]. Orion Breweries' partnership with Junglia Okinawa, an amusement park, is a strategic move to expand into tourism-related collaborations and boost tourism demand in Okinawa[7].
These developments highlight the company's attempts to leverage its strong regional brand in Okinawa and its growing mainland presence, as well as their focus on heritage-driven small and medium-sized enterprises (SMEs) in Japan's evolving market[3][4].
