Former TSE Executive Explains via Case Studies: Serious IPO Preparation Starts Here — Practical Strategies to Avoid Stagnation in the N-2 Phase

ORO Corporation (Headquarters: Meguro-ku, Tokyo; President and CEO: Atsushi Kawata) and PUBLIC GATE LLC (Headquarters: Osaka City, Osaka Prefecture; Representative: Masayuki Murata) will co-host a free seminar on Tuesday, August 4, 2026, from 14:00 to 16:30 at Marunouchi Building Hall & Conference Square Room 1 (Chiyoda-ku, Tokyo). The seminar, titled 'Former TSE Executive Explains via Case Studies: Serious IPO Preparation Starts Here — Practical Strategies to Avoid Stagnation in the N-2 Phase,' focuses on overcoming challenges in the 'N-2 phase' of IPO preparation—a period when practical work intensifies and schedule delays commonly occur.

In IPO preparation, the 'N-2 phase' is a crucial stage where operational activities become intensive. However, many companies face uncertainty—such as 'not understanding the latest review trends' or 'not knowing how robust their management systems need to be'—leading to delays and stagnation. Additionally, on the ground, teams struggle with severe resource shortages as they juggle regular operations with responding to review items from lead underwriters, creating organizational and managerial challenges.

Why do so many companies fail to go public on schedule? This seminar will address the 'N-2 phase barrier' by combining insights from a former TSE executive and firsthand experiences from executives who have successfully navigated IPOs. Attendees will gain practical strategies to overcome stagnation, insights into optimal organizational structures, and methods to enhance operational efficiency using the latest AI tools—equipping them with a clear, actionable roadmap to advance confidently through the N-2 phase.

Key Highlights of the Seminar

- Case Studies and Practical Insights from a Former TSE Executive

We will analyze real case studies to uncover the root causes of stagnation in companies that fail to meet IPO timelines. Drawing on the speaker’s deep experience at the Tokyo Stock Exchange, we will outline the current regulatory review trends and essential operational practices companies must adopt today.

- Panel Discussion: IPO-Experienced Executive and Finance Lead

Drawing from real-world experiences in audit responses and management system development, we will clarify the organizational structure required during the N-2 phase. Then, in a panel discussion format, an executive who led an IPO and the former finance lead will discuss: 'If we were to prepare for IPO again today, how would we leverage the latest AI tools in our operations?'

- Four Key Operational Areas to Address in 2026 IPO Preparation

Through this seminar, we will organize approaches to four critical operational areas: 'Latest TSE review trends and diversified market selection criteria in 2026,' 'The reality of the “lead underwriter refugee” issue,' 'Strategies to overcome common weaknesses in internal controls and budget vs. actual management,' and 'Practical implementation of AI-powered resource management and data integration to balance daily operations with audit readiness.'

Who Should Attend

Executives, management leaders, CFOs, department heads, and finance/accounting managers from companies preparing for IPO.

Speakers

Masayuki Murata

Representative, PUBLIC GATE LLC

Mr. Murata served at securities exchanges for 27 years starting in 1991. He became an executive in 2003 and, from 2013 onward, served as an executive at the Tokyo Stock Exchange, promoting listings on markets such as Mothers. In 2018, he founded PUBLIC GATE LLC. Leveraging his experience with IPO promotion and review for approximately 500 companies, he now operates and supports a membership community for entrepreneurs aiming for IPO.

Yasuhisa Hino

Managing Executive Officer, Director, ORO Corporation

Mr. Hino co-founded ORO Corporation (originally a limited company) in 1999. He became Head of Management Division and Director in 2009. After serving as representative of the Vietnam subsidiary, he returned to Japan and led IPO initiatives, successfully taking ORO public on the TSE Mothers market in March 2017. He currently serves as a director of domestic and international group companies and as Managing Executive Officer of ORO.

Hiroki Nishiyama

Accounting Group, Corporate Division, ORO Corporation

Mr. Nishiyama joined ORO Corporation in 2008. After serving as support lead for the cloud ERP system 'ZAC,' he has been consistently involved in accounting operations since 2011. During ORO’s 2017 TSE Mothers listing, he led IPO preparations while managing accounting and audit responses. He currently oversees accounting operations across the headquarters and subsidiaries as part of the Accounting Group.

Event Overview

Seminar Title

Former TSE Executive Explains via Case Studies: Serious IPO Preparation Starts Here — Practical Strategies to Avoid Stagnation in the N-2 Phase

Date and Time

August 4, 2026 (Tuesday)

14:00–16:30 (Doors open at 13:45)

Target Audience

Executives, management leaders, CFOs, department heads, and finance/accounting managers from IPO-aspiring companies

Venue

Marunouchi Building Hall & Conference Square Room 1

(8F, Marunouchi Building, 2-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-6308)

Admission

Free (prior registration required)

Capacity

30–40 attendees (first-come, first-served)

Co-hosts

ORO Corporation / PUBLIC GATE LLC

Important Notes

- Please use public transportation to reach the venue.

- Applications may be declined for individuals from competing industries or private individuals.

- Recording, audio taping, and photography are strictly prohibited.

- Seminar content is subject to change without notice.

Inquiry for Seminar Participation

Marketing Group, ORO Corporation

TEL: 03-6692-9558 / Email: [email protected]

Media Inquiries

Public Relations, ORO Corporation

TEL: 050-5497-8643 (Direct) / Email: [email protected]