Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
47
¥100 million (impact on consolidated results for the fiscal year ending December 2026; increase in revenue)Wording
Conditional
How definitive the wording is.Decision and Details
Additional receipt of carried interest from Fund Series 3
Period CoveredConsolidated results for the fiscal year ending December 2026
ImplementationScheduled to be received as of the disclosure date, 24 March 2026
Going forwardThe Group is scheduled to receive carried interest. The amount of unrealized carried interest related to Fund Series 3 after receipt will be disclosed in the quarterly earnings presentation materials going forward.
AmountItem Increase in revenue / Amount Approximately ¥4.7 billion, Item Increase in profit before tax / Amount Approximately ¥4.4 billion, Item Increase in profit for the period / Amount Approximately ¥3.0 billion, Item Carried interest calculation rate / Amount 20% of cumulative profits, Item Hurdle rate / Amount 8% per annum
Quantity / scaleItem Number of investments made / Number of versions 9 items, Item Number of investments recovered / Number of versions 8 (including 3 partial investment recoveries)
Reason
Fund Series 3 sold certain shares and made an additional investment recovery. The fund has already exceeded its hurdle rate.
Impact on Business Performance
For the consolidated results for the fiscal year ending December 2026, including the amounts disclosed on 3 March 2026 and 11 March 2026, revenue will increase by approximately ¥4.7 billion, profit before tax by approximately ¥4.4 billion, and profit for the period by approximately ¥3.0 billion.
| Item | Details |
|---|---|
| Matter Covered | Additional receipt of carried interest from Fund Series 3 |
| Implementation Date | Scheduled to be received as of the disclosure date, 24 March 2026 |
| Period Covered | Consolidated results for the fiscal year ending December 2026 |
| Amount | Item Increase in revenue / Amount Approximately ¥4.7 billion, Item Increase in profit before tax / Amount Approximately ¥4.4 billion, Item Increase in profit for the period / Amount Approximately ¥3.0 billion, Item Carried interest calculation rate / Amount 20% of cumulative profits, Item Hurdle rate / Amount 8% per annum |
| Quantity / scale | Item Number of investments made / Number of versions 9 items, Item Number of investments recovered / Number of versions 8 (including 3 partial investment recoveries) |
| Impact on Business Performance | For the consolidated results for the fiscal year ending December 2026, including the amounts disclosed on 3 March 2026 and 11 March 2026, revenue will increase by approximately ¥4.7 billion, profit before tax by approximately ¥4.4 billion, and profit for the period by approximately ¥3.0 billion. |
| Reason | Fund Series 3 sold certain shares and made an additional investment recovery. The fund has already exceeded its hurdle rate. |
| Related previous disclosures | Disclosure dated 3 March 2026 and disclosure dated 11 March 2026 (title: Not disclosed) |
| Future plans | The Group is scheduled to receive carried interest. The amount of unrealized carried interest related to Fund Series 3 after receipt will be disclosed in the quarterly earnings presentation materials going forward. |
Items this document does not state (3)
Decision-Making BodyDecision DateGoverning Rule
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Fund Series 3 sold certain shares and made an additional investment recovery. As the fund has exceeded its hurdle rate, the Group is entitled to receive 20% of cumulative profits as carried interest.
How to read this page
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