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Financial results presentation5842Integral Group CorporationFinancials (excluding banks)

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026

In Q2 2026, revenue increased significantly from ¥4.9 billion in the same period of the previous year to ¥15.6 billion, while interim profit attributable to owners of the parent rose from ¥1.7 billion to ¥8.7 billion. The primary factor was higher realized carried-interest income, mainly from the private equity investment business.

Worth reading
62In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
107
¥100 million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending December 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,699 million
Operating profit¥12,748 million
Ordinary income¥12,674 million
Net income¥8,788 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Total investment income
    Q2 2025-¥200 million
    FY2026 Q2¥600 million
    Change+¥0.8 billion
  • Recurring
    Q2 2025¥3.8 billion
    FY2026 Q2¥4 billion
    Change+¥200 million
  • Realized carried interest
    Q2 2025¥1.3 billion
    FY2026 Q2¥10.9 billion
    Change+¥9.6 billion
New initiatives
  • Establishment of a joint venture and a joint fund with Granite Asia Capital
  • Planned transition to a group management company structure on 1 October 2026
  • 5 additional investments in existing veterinary hospital groups
  • Capital participation in アットホームホールディングス
  • Capital participation in 株式会社STPR
Key KPIsA metric the company considers important as a management benchmark.
  • FE-AUM¥3,661 100 million
  • AUM¥4,689 100 million
  • Fund fair value¥3,067 100 million
  • Gross MOIC3 X
  • Gross IRR29.9 %
Financial targets
Five-year average ROE of approximately 15%, DOE of 2%, and a principal investment return of approximately 3.0x MOIC
Market Size / Share
  • PE involvement as a percentage of total GDP (Japan)0.4 %
  • Investment ratio in value-add funds among domestic institutional investors20 Approximately %
  • PBR below 1.0x among Japanese listed companies38.8 %
Number of employees
75 investment professionals and 116 employees across the group. Hired 20 investment professionals in FY2025.
Annual Dividend
¥37.00 (interim ¥18.50, year-end ¥18.50)
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales¥15,699 million
Operating profit¥12,748 million
Ordinary income¥12,674 million
Net income¥8,788 million
Breakdown of Factors Affecting the ChangeFactors Total investment income / Q2 2025 -¥200 million / FY2026 Q2 ¥600 million / Change +¥0.8 billion, Factors Recurring / Q2 2025 ¥3.8 billion / FY2026 Q2 ¥4 billion / Change +¥200 million, Factors Realized carried interest / Q2 2025 ¥1.3 billion / FY2026 Q2 ¥10.9 billion / Change +¥9.6 billion
Key KPIsIndicator FE-AUM / Value ¥3,661 100 million / Year on year against the same period last year Not disclosed, Indicator AUM / Value ¥4,689 100 million / Year on year against the same period last year Not disclosed, Indicator Fund fair value / Value ¥3,067 100 million / Year on year against the same period last year Not disclosed, Indicator Gross MOIC / Value 3 X / Year on year against the same period last year Not disclosed, Indicator Gross IRR / Value 29.9 % / Year on year against the same period last year Not disclosed
Number of employees75 investment professionals and 116 employees across the group. Hired 20 investment professionals in FY2025.
Financial targetsFive-year average ROE of approximately 15%, DOE of 2%, and a principal investment return of approximately 3.0x MOIC
Annual Dividend¥37.00 (interim ¥18.50, year-end ¥18.50)
Market Size / ShareIndicator PE involvement as a percentage of total GDP (Japan) / Value 0.4 %, Indicator Investment ratio in value-add funds among domestic institutional investors / Value 20 Approximately %, Indicator PBR below 1.0x among Japanese listed companies / Value 38.8 %
New initiativesEstablishment of a joint venture and a joint fund with Granite Asia Capital, Planned transition to a group management company structure on 1 October 2026, 5 additional investments in existing veterinary hospital groups, Capital participation in アットホームホールディングス, Capital participation in 株式会社STPR
Items this document does not state (18)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

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.

Realized carried-interest income increased in connection with exits from the No. 3 fund series. Total investment income increased as the increase in the fair value of real estate exceeded the decline in private equity.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending December 2026 | Integral Group Corporation (5842) timely disclosure | Komori