ENTITY

Northsand (446A JP)

6
Analysis
Communication Services • Japan
Northsand is a consulting firm that provides both IT and business consulting services. Established in 2015, it helps organizations improve efficiency, modernize operations, and achieve sustainable growth. Northsand has posted strong topline momentum. A key driver has been the increasing customer base and revenue per customer. The company has also been able to retain/grow strong margin positions though OCF margins dipped slightly by 2 percentage points in 1H26. Nonetheless, with 1H26 results, Northsand looks likely to carry this strong growth in FY26.
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bullish•Northsand
•20 Nov 2025 14:36

Northsand IPO: Priced at the Top, Narrative and Sentiments Possibly Justify Premium

​Northsand raises US$140m in Japan IPO, offering IT and business consulting services to help organizations improve efficiency and achieve...

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bullish•Northsand
•06 Nov 2025 14:03

Northsand IPO: High-Growth at a Discount to Peer

​Northsand (446A JP) plans to raise $121m in Japan IPO, offering IT and business consulting services for efficiency and growth. Next focus:...

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bullish•Northsand
•03 Nov 2025 10:47

Northsand Pre-IPO: Strong Topline Momentum With Improving Margins

​Northsand (446A JP) plans to raise $121m in Japan IPO, offering IT and business consulting services to drive efficiency and growth since 2015....

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•24 Nov 2025 08:08

ECM Weekly (24 November 2025) - CATL, Hengrui, Hongqiao, WT Micro, SBI Shinsei, NS Group, Ultragreen

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

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bullish•Alibaba
•17 Nov 2025 08:08

ECM Weekly (17 November 2025) -Softcare, Northsand, Human Made, Lenskart, Pine Labs, Klook, Sagility

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

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