A new and distinct cultivar of Hydrangea plant named ‘;Hokomagrejo’;, characterized by its upright to somewhat outwardly spreading plant habit; vigorous growth habit and moderate to rapid growth rate; freely branching habit with strong and thick sturdy stems; freely flowering habit; large mophead-type inflorescences with yellow green-colored sterile flowers with red purple-colored centers and margins; and good postproduction longevity.