Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedIFRSThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In the private equity investment business, carried interest was realized through the sale and distribution of shares in 株式会社M&I and TOYO ENGINEERING CORPORATION, while management fees received also increased following the start of the investment period for the No. 5 fund series. In the real estate investment business, management fees increased as additional LP investors joined, and the fair value of investment assets increased. Operating expenses, however, increased due to factors including an increase in the number of employees.
None. The notes regarding the going concern assumption state, “There are no applicable matters.”
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥11,283 million |
| Operating profit | ¥9,680 million |
| Ordinary income | ¥9,659 million |
| Profit attributable to owners of the parent | ¥6,716 million |
| Net income per share | ¥197.24 |
| Equity ratio | End of the current fiscal period 71.1 / End of previous period 74.9 |
| Total assets | ¥96,337 million |
| Net assets | ¥68,500 million |
| Cash flows from operating activities | ¥817 million |
| Cash flows from investing activities | ¥-1 million |
| Cash flows from financing activities | ¥4,738 million |
| Cash and cash equivalents at end of period | ¥24,832 million |
| Full-year earnings forecast | Net Sales No earnings forecast has been prepared / Operating profit No earnings forecast has been prepared / Ordinary income No earnings forecast has been prepared / Net income No earnings forecast has been prepared |
| Annual Dividend Forecast | ¥37 → ¥37（0.0%） |
| Segment revenue | Private equity investment business ¥10,535 million, Real Estate Investment Business ¥683 million |
| Segment profit | Private equity investment business ¥9,648 million, Real Estate Investment Business ¥575 million |
| Depreciation and amortization | ¥89 million |
| Disclosure regarding the going concern assumption | None. The notes regarding the going concern assumption state, “There are no applicable matters.” |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | After March 2026, the Company plans to complete the sale of all shares of TOYO ENGINEERING CORPORATION and receive additional carried interest. For Real Estate Fund No. 1, final closing is scheduled for May 2026, with total committed capital of ¥23.5 billion. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No (not scheduled to be held for the first quarter) |
| Issued Shares at Period-End | 34,975,000 shares |
| Treasury Shares at Period-End | 920,794 shares |
| Factors Behind Changes in Business Performance | In the private equity investment business, carried interest was realized through the sale and distribution of shares in 株式会社M&I and TOYO ENGINEERING CORPORATION, while management fees received also increased following the start of the investment period for the No. 5 fund series. In the real estate investment business, management fees increased as additional LP investors joined, and the fair value of investment assets increased. Operating expenses, however, increased due to factors including an increase in the number of employees. |
Items this document does not state (8)
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.In the private equity investment business, carried interest was realized through the sale of shares in 株式会社M&I and TOYO ENGINEERING CORPORATION and the distribution of the proceeds. In addition, management fees received increased following the start of the investment period for the No. 5 fund series. In the real estate investment business, management fees increased as additional LP investors joined, and the fair value of investment assets increased.