What will PowerX use the IPO proceeds for?

Management indicated the PowerX IPO funds will expand and upgrade its battery factory, add production lines, and speed deliveries. Investors should look for shorter lead times, higher output, and improved quality metrics in coming quarters, alongside clear disclosure on capex, automation, and expected capacity after upgrades.

How big could Japan’s battery storage market become?

Industry projections suggest Japan’s storage market could exceed ¥10 trillion by 2040. Growth drivers include renewable integration, demand charge management for factories, grid stability needs, and backup power for data centers. Early movers with scale, safety certifications, and reliable delivery are positioned to capture long-term contracts.

What risks should investors consider with a new storage listing?

Key risks include supply chain costs for cells and components, changing subsidies, safety regulations, and strong competition. Watch free float, lock-ups, and cash needs. Margin progress, backlog quality, and warranty claims are useful indicators of execution and product reliability in the first few quarters.

How does the TSE Growth index backdrop affect the stock?

A firm TSE Growth index can support liquidity and price discovery around launch. Sentiment helps, but company-specific milestones drive medium-term returns. Track order intake, factory utilization, and gross margin. Strong updates often matter more than the index once the initial listing excitement fades.

Global Market Insights

December 24: PowerX IPO on TSE Growth Fuels Battery Factory Expansion

ByHuzaifa Zahoor December 25, 2025December 25, 2025

On December 24, the PowerX IPO on the TSE Growth market arrives as Japan doubles down on energy storage. PowerX makes large stationary batteries for grid, commercial, and industrial use. Management plans to use the listing proceeds to expand its battery factory and speed deliveries. The national storage market could exceed ¥10 trillion by 2040, creating a long runway. With the TSE Growth index rebounding, investors in Japan IPOs are watching execution, unit costs, and contracts across utilities and data centers. We see early orders, policy support, and local supply driving scale, but competition and supply chains still matter.