LASSIC (574A) Listing Strategy Memo (IPO) | Growth scenario of remote work human resources platform from Tottori

[Summary]

LASSIC (574A) is an information and communications company scheduled to be listed on the TOKYO PRO Market on May 27, 2026.

Headquartered in Tottori City, Tottori Prefecture, the company develops human resources solutions that connect remote work and IT human resources. The core of the service is "Remogu," which connects remote workers and companies.

Rather than just a capital market event, it is natural to view this listing as a way to strengthen the credibility of the local IT talent platform as it moves forward with its nationwide expansion.

From an investor's perspective, it is easy to evaluate the fact that the company has a revenue base of 4.788 billion yen in sales and 207 million yen in ordinary income for the fiscal year ending April 2025. On the other hand, since it is a TOKYO PRO Market stock, it is necessary to carefully look at its liquidity, disclosure frequency, and possibility of stepping up to the general market.

What makes our company interesting?

What makes LASSIC interesting is that its regional character, originating from Tottori, and its business theme of being an IT human resource platform specializing in remote work are clearly connected.

There continues to be a shortage of IT engineers in urban areas. On the other hand, there are people in rural areas who ``want to work in urban areas, but don't want to change their living base.''

LASSIC's business story is to connect these two through remote work.

Item	Contents
Company name	LASSIC Co., Ltd.
Stock code	574A
Market segmentation	TOKYO PRO Market
Planned listing date	May 27, 2026
Industry	Information and communication industry
Head Office	Tottori City, Tottori Prefecture
Main areas	IT human resources solutions, remote work human resources, DX support
Main services	Remogu, Relasik, IT solutions

If you look at it as just an SI company, it's a little weak. Rather, it is a company at the intersection of multiple themes: HR tech, regional revitalization, remote work, and a lack of DX human resources.

Meaning of listing

This listing on the TOKYO PRO Market is not a goal for LASSIC, but rather a passing point in increasing its creditworthiness.

The areas that are likely to be particularly effective are corporate sales and recruitment.

When dealing with large companies or local governments, the company's creditworthiness is extremely important. The sign of being a listed company is likely to have a positive effect on acquiring prime projects and long-term contracts.

The other issue is hiring engineers and acquiring registered employees.

Matching remote workers requires trust not only from the company but also from the workers. By changing from an unlisted company based in Tottori to a listed company on the TOKYO PRO Market, Remogu's recognition and sense of security will likely increase.

However, I want to take a calm look at this.

TOKYO PRO Market is a market for professional investors, and its investor base and liquidity are different from TSE Growth and Standard. This is not to say that just because a company is listed on the stock market, it will immediately have high liquidity in the stock market.

Growth roadmap

LASSIC's growth scenario is easy to understand when viewed in three stages.

1
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Key point
Key point

2
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3
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ITKey point
Key point

The most important thing is whether Remogu can have a network effect of continuous project supply and human resource registration, rather than just one-off recruitment.

If the number of registered engineers increases and the number of projects from companies increases, matching accuracy and contract closing speed will likely increase. On the other hand, if the number of registrants increases and the number of projects is small, or if the number of cases increases and there is not enough human resources, it is unlikely that the platform will be strong.

View for investors

What investors should look at is the quality of monetization rather than the theme.

In the fiscal year ending April 2025, sales were 4.788 billion yen and ordinary income was 207 million yen. Its ordinary profit margin is approximately 4.3%, making it an IT human resources services company that goes public while generating a certain level of profit rather than a start-up that is in the red.

Points to see	Things to check
Sales growth	Growth rate of Remogu and IT solutions
Profit margin	Management of human resources acquisition costs, outsourcing costs, and operating expenses
Continuity	Repeat corporate customers, project retention rate
Human resources base	Number of registered engineers, number of employees, ability to attract local human resources
Market evaluation	Liquidity in TOKYO PRO Market, possibility of transition to general market in the future

Investors are looking for more than just a beautiful story of regional revitalization.

In reality, it all depends on how much the structural theme of a shortage of IT human resources can be turned into sales and profits.

View for job seekers

For job seekers, LASSIC is easy to see as a company where you can expand your IT career while staying in a rural area.

While living in a rural area, he is involved in projects in urban areas. Grow your career fully remotely. Or, get involved in DX for local companies and local governments.

This context is quite strong.

Particularly appealing is the fact that it breaks down the assumption that you can't make a good IT career without moving to a city. It's easier to get people's attention if you put this front and center on recruitment pages and company introductions.

Market Impact

LASSIC's listing will serve as a reference example for local IT companies and remote work-related companies.

TOKYO PRO Market is sometimes used as a preliminary step to the general market. With this listing, LASSIC will improve its governance, disclosure, and creditworthiness, and may aim to step up to the general market in the future.

However, this is still in the realm of prediction.

What we can say for sure at this point is that listing will increase recognition and credibility, which will provide a tailwind for corporate sales, recruitment, and partner collaboration.

Risk

There are four main risks when looking at LASSIC.

Risk	Contents
Liquidity risk	Since it is a TOKYO PRO Market stock, there is a possibility that trading will be weak
Competitive Risk	There are many competitors in IT recruitment, freelance projects, and SI support
Cost risk	Possibility of increases in costs for acquiring engineers, sales, and human resources management
Risk of slowing growth	Possibility of slowing growth rate if demand for remote work comes to an end

The theme is good. However, the better the theme of a company, the more investors will look closely at how well the numbers will reach.

In the case of LASSIC, we want to check not only sales growth but also profit margin and cash generation.

Summary

LASSIC (574A) is an IT human resources service company originating from Tottori, with strong themes of remote work, regional revitalization, and lack of DX human resources.

The listing on TOKYO PRO Market on May 27, 2026 is an important event for the company to increase its credibility and recognition. The focus will be on whether Remogu can grow into a platform that connects the lack of IT talent in urban areas and the work styles of local talent.

From an investor's perspective, the story is fairly easy to understand. On the other hand, it is necessary to carefully look at the liquidity, competitive environment, and sustainability of profit margins as a TOKYO PRO Market stock.

Personally, I find LASSIC quite interesting as a story of a local IT company going public. However, if you are going to buy or evaluate it, you will want to check whether Remogu's growth has actually fallen to the numbers by looking at the trading status after listing and the next disclosure.

Reference information

Japan Exchange Group “Newly listed company information (TOKYO PRO Market)” https://www.jpx.co.jp/equities/products/tpm/issues/index.html
Japan M&A Center TOKYO PRO Market listing support service “LASSIC Co., Ltd. to be listed on TOKYO PRO Market” https://www.nihon-ma.co.jp/tokyopromarket/news
LASSIC official website https://www.lassic.co.jp/

This article is for educational and informational purposes only, based on public information. It is not a recommendation or solicitation to buy or sell any specific security or financial product. Although care is taken with accuracy, the content and future investment outcomes are not guaranteed. Final investment decisions should be made at your own judgment and responsibility.