Results for this period
Third quarter1 January 2026–30 September 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 Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue and profit increased due to share price movements of listed investee companies, improvements in the financial condition and recent performance of unlisted investee companies, the realization of carried interest from the sale of investee company shares, management fees, and increases in the fair value of investee companies. Operating expenses increased, including personnel costs associated with the increase in the number of employees.
No matters to report
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 September 2026 |
| Net Sales | 20,311 Millions of yen (YoY +127.2%) |
| Operating profit | 16,097 Millions of yen (YoY +179.5%) |
| Ordinary income | 16,058 Millions of yen (YoY +178.1%) |
| Profit attributable to owners of the parent | 11,060 Millions of yen (YoY +202.8%) |
| Net income per share | ¥324.59 |
| Equity ratio | End of the current fiscal period 69.8 / End of previous period 74.9 |
| Total assets | 103,482 Millions of yen |
| Net assets | 72,231 Millions of yen |
| Cash flows from operating activities | 8,290 Millions of yen |
| Cash flows from investing activities | -2,003 Millions of yen |
| Cash flows from financing activities | 5,929 Millions of yen |
| Cash and cash equivalents at end of period | 31,494 Millions of yen |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed / Reason No earnings forecast has been provided because it is difficult to make a reasonable earnings forecast. |
| Annual Dividend Forecast | 37 Yen → 37 Yen（0.0%） |
| Segment revenue | Segment PE investment business / Net Sales 18,421 Millions of yen / Same period of the previous year 8,815 Millions of yen / Year on year against the same period last year Not disclosed, Segment Real Estate Investment Business / Net Sales 1,702 Millions of yen / Same period of the previous year 152 Millions of yen / Year on year against the same period last year Not disclosed, Segment Global tech growth investment business / Net Sales 187 Millions of yen / Same period of the previous year -28 Millions of yen / Year on year against the same period last year Not disclosed |
| Segment profit | Segment PE investment business / Segment profit 16,179 Millions of yen / Same period of the previous year 7,002 Millions of yen / Year on year against the same period last year Not disclosed, Segment Real Estate Investment Business / Segment profit 1,359 Millions of yen / Same period of the previous year -39 Millions of yen / Year on year against the same period last year Not disclosed, Segment Global tech growth investment business / Segment profit 11 Millions of yen / Same period of the previous year -197 Millions of yen / Year on year against the same period last year Not disclosed |
| Depreciation and amortization | 255 Millions of yen |
| Disclosure regarding the going concern assumption | No matters to report |
| 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 0 / Excluded 0 / Company name Not applicable |
| Material subsequent events | Two absorption-type company splits were carried out on 1 October 2026, and the company transitioned to a group management company structure. The corporate name was also changed. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 34,975,000 shares |
| Treasury Shares at Period-End | 899,248 shares |
| Factors Behind Changes in Business Performance | Revenue and profit increased due to share price movements of listed investee companies, improvements in the financial condition and recent performance of unlisted investee companies, the realization of carried interest from the sale of investee company shares, management fees, and increases in the fair value of investee companies. Operating expenses increased, including personnel costs associated with the 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.The fair value of listed investee companies increased due to share price movements, while the fair value of unlisted investee companies also increased as their financial condition and recent performance improved. Carried interest was realized in connection with the sale of shares in M&I and Toyo Engineering. In the real estate investment business, the increase in committed capital from fundraising and increases in the fair value of investee companies contributed to results. In the global tech growth investment business, increases in fair value based on transaction prices in new funding rounds also contributed. Meanwhile, operating expenses, including personnel costs, increased as the number of employees rose.