Performance-linked revenue from carried interest
First written in FY2023-Q3. 12 of 15 entries say "Advanced", first in FY2023. Latest entry: 2026-08-12.
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- 2026-08-12Cited as achievedEarnings
「Carried interest was realized when Fund III sold all of its shares in M&I and TOYO ENGINEERING CORPORATION and distributed the proceeds. The Group recognized the amount received as revenue.」
The realization of carried interest from the sale and distribution of M&I and TOYO ENGINEERING CORPORATION shares was cited as an actual result in the earnings summary. - FY2026-H1AdvancedAnnual report
「Carried interest was realized when Fund III sold all of its shares in M&I and TOYO ENGINEERING CORPORATION and distributed the proceeds. The Group recognized the amount received as revenue.」
¥10,983 million of carried interest from Fund III was recognized as revenue following the sale and distribution of the M&I and TOYO ENGINEERING CORPORATION shares. - FY2025RestatedAnnual report
「Carried interest was realized when Fund III sold shares in Primo Global Holdings Co.,Ltd. at the time of its listing and distributed the proceeds. The Group recognized as revenue the amount received from Fund III.」
The full-year results confirmed recognition of ¥1,364 million in carried interest from Fund III following the listing of Primo Global Holdings Co.,Ltd. - FY2025-H1AdvancedAnnual report
「Carried interest was realized when Fund III sold shares in Primo Global Holdings Co.,Ltd. at the time of its listing and distributed the proceeds. The Group recognized as revenue the amount receivable from Fund III.」
¥1,363 million of carried interest from Fund III was recognized as revenue following the sale and distribution associated with Primo Global Holdings Co.,Ltd.'s listing. - FY2024AdvancedAnnual report
「Fund III exceeded its hurdle rate following receipt and distribution of advance proceeds from the transfer of Mamezou K2TOP Holdings shares. Carried interest was realized through that distribution and the subsequent distribution following the sale of T-Garden shares, and the Group recognized as revenue the amounts received and receivable from Fund III.」
In addition to Fund II, Fund III exceeded its hurdle rate and realized carried interest. Carried interest recognized for the fiscal year ended December 2024 totaled ¥16,849 million, comprising ¥1,815 million from Fund II and ¥15,033 million from Fund III. - FY2024-H1AdvancedAnnual report
「Fund II had already exceeded its hurdle rate, and the Group recognized as revenue carried interest generated by the sale of the SkyMark and Itokin shares and the related distributions. Under IFRS 15, Revenue from Contracts with Customers, the Group plans to recognize approximately ¥5.1 billion after the end of the interim consolidated accounting period, taking into account the possibility that no material clawback will arise.」
¥1,816 million of carried interest from Fund II was recognized during the interim period. Fund III also exceeded its hurdle rate, and approximately ¥5.1 billion was scheduled to be recognized after the interim period-end. - FY2024-Q1AdvancedAnnual report
「The transaction amount for distributions during the first quarter of the current fiscal year includes carried interest recognized in the condensed interim consolidated statement of income.」
¥501 million of carried interest was recognized as revenue in the first quarter, marking another period in which performance-linked income was generated. - FY2023AdvancedAnnual report
「In November 2023, the Group sold the SkyMark shares held by Fund II, enabling the fund to exceed its hurdle rate and receive carried interest.」
Fund II exceeded its hurdle rate and received ¥3,254.459 million in carried interest in 2023, generating realized income separate from unrealized amounts. - FY2023-Q3First statedAnnual report
「Only when fund profits, after deducting the investment amount, partnership expenses and other items from income earned from portfolio companies, exceed the hurdle rate of 8% per year on contributed capital, does the Company receive variable consideration from the fund based on investment performance, capped at 20% of cumulative fund profits to that point.」
Sets out the conditions for performance fees: an 8% hurdle rate and a 20% cap. Cumulative carried interest was zero through the third quarter.