Launch of Investment Operations Aimed at Increasing Portfolio Company Value
First written in FY2019. 8 of 14 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
7 other companies' latest entry also says "Other".
- FY2026Investment business revenue updatedAnnual report
「Gains on operation of investment partnerships: ¥17.261 million」
The Company recognized ¥17.261 million in gains on the operation of investment partnerships, compared with ¥211.082 million in the previous fiscal year. It also recognized ¥39 million in gains on sales of investment securities. - FY2025-H1AdvancedAnnual report
「During the second quarter of the current consolidated fiscal period, the Company recognized ¥191.786 million in gains on the operation of investment partnerships and ¥1,008.129 million in gains on sales of investment securities. These gains resulted from capital gains on sales when investee companies completed M&A transactions or IPOs.」
The investment business recorded ¥191.786 million in gains on the operation of investment partnerships and ¥1,008.129 million in gains on sales of investment securities. The disclosure also covered the sale of shares in connection with ROXX's listing, realizing investment returns as actual profits. - FY2024AdvancedAnnual report
「Investment partnership management gains: ¥1,033.508 million」
Investment partnership management gains for the full year were ¥1,033.508 million, exceeding the ¥950.533 million recorded for the nine-month period of the previous fiscal year. - FY2024-Q3AdvancedAnnual report
「Investment partnership management gains amounted to ¥950.533 million for the nine-month period ended 31 December.」
Investment-related management gains of ¥950.533 million were recognised for the nine-month period. - FY2024-Q2AdvancedAnnual report
「The Company had invested in start-up companies through funds and other vehicles for several years, and these investments have begun to produce notable results. It recognised ¥208.709 million in investment partnership management gains in the first quarter, followed by ¥749.22 million in the second quarter. These gains resulted from capital gains on exits when investees reached M&A or IPO transactions. Several investee companies continue to consider listing within the next few years, and the Company expects them to contribute to earnings going forward.」
In start-up investments, the Company recognised investment partnership management gains of ¥208.709 million in the first quarter and ¥749.22 million in the second quarter. It explained that notable results had begun to emerge in the form of capital gains from M&A and IPOs. - FY2023-Q1ReframedAnnual report
「From the fourth quarter of the previous fiscal year, the investment business has been included under “Other” because the interests in funds previously treated as consolidated subsidiaries declined and the funds ceased to be consolidated subsidiaries.」
The investment business ceased to be a consolidated subsidiary following a decline in the Group’s fund interests and was reclassified from an independent reportable segment to “Other.” - FY2022-Q3AdvancedAnnual report
「During the third quarter of the current consolidated accounting period, Sevenwoods Investment １号投資事業有限責任組合, Sevenwoods Investment ２号投資事業有限責任組合, Sevenwoods Investment ３号投資事業有限責任組合, Reo Asset Management １号投資事業有限責任組合, Upstart Ventures １号投資事業有限責任組合, Reo Asset Management ２号投資事業有限責任組合, Sean Asset Management,1 L.P., Upstart Ventures ２号投資事業有限責任組合, Company Formation Fund ３号投資事業有限責任組合, Blackswan Capital １号投資事業有限責任組合, Blackswan Capital ２号投資事業有限責任組合 and Japan Angel Fund １号投資事業組合 were excluded from the scope of consolidation due to reductions in ownership interests and other factors.」
In connection with the review of the investment business strategy outlined in the previous filing, interests in 12 funds were reduced and the funds were excluded from consolidation. The investment business itself recorded revenue of ¥407.984 million and segment profit of ¥99.707 million for the nine-month period. - FY2022-Q2ReframedAnnual report
「Sevenwoods Investment株式会社, a subsidiary of the Company (head office: Minato-ku, Tokyo; Representative Director: Babaseki Satoshi (馬場嵜 聡); hereinafter, “Sevenwoods”), resolved on 11 November 2021, with the Company’s approval, to submit to an extraordinary general meeting of shareholders a proposal to reduce its interest in each of Sevenwoods Investment 1号投資事業有限責任組合 (hereinafter, “Fund 1”), Sevenwoods Investment 2号投資事業有限責任組合 (hereinafter, “Fund 2”) and Sevenwoods Investment 3号投資事業有限責任組合 (hereinafter, “Fund 3”) to 49% or less. As a result of this reduction, a total of 9 funds, including these funds, will no longer qualify as consolidated subsidiaries of the Company. Based on the policy announced in the previous fiscal year’s full-year results release, “CROOZ Group’s Future Policy” dated 13 May 2021, to focus on the e-commerce sector as an “e-commerce solutions company,” the Company reviewed its investment business strategy and decided to monetise part of the fund interests managed by consolidated subsidiary Sevenwoods. As a result, the interests in these funds will decline and they will cease to be consolidated subsidiaries, and the investment business will also be removed from the reportable segments. The Company will seek to enhance corporate value by investing the funds obtained through this process in areas optimal for the growth of the Group, including the e-commerce sector.」
The investment business recorded revenue of ¥404.791 million and segment profit of ¥134.161 million for the six-month period, while the Company reviewed its investment strategy based on its policy of concentrating on the e-commerce sector and plans to exclude 9 funds from consolidation, monetise the interests and reallocate the proceeds to growth areas. - FY2021RestatedAnnual report
「The investment business model involves investing in start-up companies and generating capital gains through exits when, after several years, the investees reach an M&A or IPO. It normally takes 5–7 years for results to begin emerging.」
The Company reconfirms that the investment business generates capital gains through M&A and IPOs and normally takes 5–7 years for results to emerge. - FY2021-Q3AdvancedAnnual report
「④ Investment business Revenue was ¥377.296 million, up 270.1% year on year, and segment profit was ¥86.944 million, compared with a segment loss of ¥122.791 million in the same period of the previous year.」
For the investment business, revenue for the nine-month period increased 270.1% year on year, and the business turned from a segment loss in the same period of the previous year to a profit of ¥86.944 million. - FY2020AdvancedAnnual report
「Although investment businesses are generally said to take approximately 3 years before an exit, this business recorded several exits just 1 year after its launch. Several investee companies are also considering listing within the next few years, making this a business with prospects for further growth.」
The investment business recorded several exits within 1 year of its launch, and several investee companies are considering listing within the next few years, providing specific evidence of progress and potential future candidates. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December, Sevenwoods Investment株式会社, a subsidiary of the Company, made new investments in the following VC funds. These funds qualify as specified subsidiaries of the Company. Fund name Sevenwoods Investment 3号投資事業有限責任組合: ¥300 million Company Formation Fund 3号投資事業有限責任組合: ¥300 million Upstart Ventures 2号投資事業有限責任組合: ¥100 million」
The Company reconfirms the details of its investment in 3 VC funds through the investment business aimed at generating returns by enhancing the value of investee companies and other entities. - FY2020-Q2AdvancedAnnual report
「During the six-month period ended 30 September, Sevenwoods Investment株式会社, a subsidiary of the Company, made new investments in the following VC funds as part of the Group’s investment business. These funds qualify as specified subsidiaries of the Company. Fund name Sevenwoods Investment 3号投資事業有限責任組合: ¥300 million Company Formation Fund 3号投資事業有限責任組合: ¥300 million Upstart Ventures 2号投資事業有限責任組合: ¥100 million」
During the six-month period, the investment business aimed at generating returns by enhancing the value of investee companies and other entities made new investments in 3 VC funds, with a combined initial commitment limit of ¥700 million. The move toward establishing the investment business as an independent segment in line with its expansion is also progressing. - FY2019First statedAnnual report
「The Company has invested in venture companies related to growth fields aligned with its business strategy. From the current fiscal year, it launched an investment business aimed at generating investment returns by enhancing the value of investee companies and other entities.」
The Company has explicitly expanded from investing in venture companies to an investment business aimed at generating returns by enhancing the value of investee companies and other entities.