Worth reading
63In 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
63
¥100 million (increase in revenue)Wording
Conditional
How definitive the wording is.Decision and Details
Additional receipt of carried interest from Fund Series 3
Decision6 April 2026 (disclosure date)
Period CoveredConsolidated results for the fiscal year ending December 2026
ImplementationAdditional investment realizations have been completed; the carried interest is expected to be received in the future
Going forwardThe carried interest is expected to be received. The amount of unrealized carried interest after receipt will be disclosed in future quarterly results presentation materials
AmountRevenue: increase of approximately ¥6.3 billion; profit before tax: increase of approximately ¥5.9 billion; profit for the period: increase of approximately ¥4.1 billion. Hurdle rate: 8% per annum on the amount of capital contributed; carried interest: 20% of cumulative fund profits, after deducting the portion attributable to officers and employees
Quantity / scaleSince operations commenced in 2017: 9 investments made and 8 investments realized, including 3 partial realizations
Reason
Fund Series 3 sold certain shares and carried out additional investment realizations while exceeding its hurdle rate
Impact on Business Performance
For the consolidated results for the fiscal year ending December 2026, revenue is expected to increase by approximately ¥6.3 billion, profit before tax by approximately ¥5.9 billion, and profit for the period by approximately ¥4.1 billion
| Item | Details |
|---|---|
| Matter Covered | Additional receipt of carried interest from Fund Series 3 |
| Decision Date | 6 April 2026 (disclosure date) |
| Implementation Date | Additional investment realizations have been completed; the carried interest is expected to be received in the future |
| Period Covered | Consolidated results for the fiscal year ending December 2026 |
| Amount | Revenue: increase of approximately ¥6.3 billion; profit before tax: increase of approximately ¥5.9 billion; profit for the period: increase of approximately ¥4.1 billion. Hurdle rate: 8% per annum on the amount of capital contributed; carried interest: 20% of cumulative fund profits, after deducting the portion attributable to officers and employees |
| Quantity / scale | Since operations commenced in 2017: 9 investments made and 8 investments realized, including 3 partial realizations |
| Impact on Business Performance | For the consolidated results for the fiscal year ending December 2026, revenue is expected to increase by approximately ¥6.3 billion, profit before tax by approximately ¥5.9 billion, and profit for the period by approximately ¥4.1 billion |
| Reason | Fund Series 3 sold certain shares and carried out additional investment realizations while exceeding its hurdle rate |
| Related previous disclosures | Disclosures dated 3, 11 and 24 March 2026 (titles: Not disclosed) |
| Future plans | The carried interest is expected to be received. The amount of unrealized carried interest after receipt will be disclosed in future quarterly results presentation materials |
Items this document does not state (2)
Decision-Making BodyGoverning 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 carried out additional investment realizations. As Fund Series 3 has already exceeded its hurdle rate, it is entitled to receive 20% of cumulative fund profits as carried interest.
How to read this page
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