Mikiko Lockwood in an article on The Hosta Library titled, A Little About Japanese Hosta Terms defines the term aojiku as green petiole and the term iwa as rock or Iwa Gibōshi which is the Japanese name for the species H. longipes.

This cultivar name was mentioned in the Lockwood article with no further details but we can probably expect that it is a plant with green petioles found in a rocky environment and is related to H. longipes.