PORTFOLIO

Togen Group Inc.

Business Description: Togen operates a Japanese language school for Chinese students wishing to enter universities and graduate schools in Japan. Togen has strengths in providing guidance on higher education and has a track record of sending a large number of students to difficult-to-enter universities and graduate schools in Japan over its 20-year history.

HP: http://tokyolea.jp/

Investment Date: September 2022

MeLife Co., Ltd.

Business Description: MeLife is a PC school operator that offers courses in an e-learning format using proprietary teaching materials. It operates 126 schools nationwide.

HP: https://melife.jp/

Investment Date: June 2022

Craftz Co., Ltd.

Business Description: Craftz has six factories in total, one in each of Tochigi, Niigata, Nagano and Saitama prefectures in Japan and two in Bangkok, Thailand and is a global-standard flexible converter providing flexible packaging for food, confectionary, pet food, pharmaceuticals, and other consumer products in Japan and Thailand.

HP: http://www.craftz.co.jp/

Investment Date: June 2022

Care Medical Co., Ltd.

Business Description: Care Medical operates elderly housings in Saitama Prefecture. In addition to long-term care services through home-visit long-term care, Care Medical provides medical services in cooperation with local medical institutions.

HP: https://care-medical.co.jp/

Investment Date: May 2022

The Kamogawa Grand Hotel, Ltd.

Business Description: The company operates a total of seven properties, including resort hotels, business hotels, and condominiums. Its flagship hotels, the Kamogawa Grand Hotel and Hotel Nishinagato Resort, are both located along the coast and have attractive facilities such as open-air baths (large communal bathrooms/guest rooms).

HP: https://www.kamogawagrandhotel.ne.jp/

Investment Date: March 2022

KANTEC Group

Business Description: The KANTEC Group primarily engages in the business of repairing, installing, and selling natural refrigerant heat pump water heaters (Eco-Cute). It holds a significant market share in each region of Japan with its unique brand and marketing capabilities with a special focus on the Kinki, Hokuriku, and Kanto regions as its main bases.

HP: https://www.kantec.net

Investment Date: February 2022

mighty myT, Inc.

Business Description: mighty myT, Inc. is engaged in Digital PMO (encompassing the meaning of both “Promotion & Marketing Outsourcing” and “Project Management Office”) services to support clients in their implementation of DX (Digital Transformation) and digital marketing strategies.
These services are provided primarily to industry leading clients in the pharmaceutical industry and include the construction and operation of medical information portal sites, support in the implementation of marketing efforts leveraging digital technology, and administrative functions that work with client marketing departments.

HP: https://www.mighty2.com/

Investment Date: January 2022

ISI Global Inc.

Business Description: ISI Group originated from the Shinano Gakuin cram school, which opened in Ueda City, Nagano Prefecture in 1977.
ISI Group now operates Japanese language education, vocational, university management and study abroad-related service businesses. The Japanese language school business has a capacity of over 4,000 students, making it one of the largest Japanese language schools in Japan and a leading player in the language education industry with over 30 years of business experience.

HP: https://www.isi-global.com/

Investment Date: October 2021

Japan Energy Components Co., Ltd.

Business Description: JEC is one of the leading manufacturers in Japan of power transmission and distribution components and spiral products for electric power companies, as well as quick charger connectors for electric vehicles (EVs) in Ibaraki and Kumamoto Prefectures in Japan and in Taiwan (including bases owned by the Company’s subsidiaries)

HP: https://jecomponents.co.jp/

Investment Date: October 2021

IIT/ORC Group

Business Description: IIT/ORC Group operates the logistics and the fruit and vegetable wholesaling business serving the supermarkets of Hokkaido together with other affiliated companies.
The logistics business comprises seven distribution centers that can accommodate three temperature zones and operates a fleet of more than 300 trucks.
The fruit and vegetable wholesaling business has a high market share in Hokkaido for specific products including bean sprouts and citrus fruits.

HP: http://www.iit-inc.co.jp/

Investment Date: July 2021

Sokan Co., Ltd.

Business Description: Sokan is a health-oriented snack food manufacturer which has provided healthy “ingredient-based snacks” such as stems of “wakame” seaweed, pickled and processed plum, dried fruits and dried sweet potatoes, manufactured in Tochigi and Iwate Prefecture

HP: https://www.sokan.jp/

Investment Date: March 2021

Hakkoden Co., Ltd.

Business Description: Hakkoden operates 12 ceremony halls mainly in Yao City, Osaka Prefecture and has the largest market share in Yao City in terms of the number of funerals held. Under the theme of "Emotional Funerals," the Company provides courteous, high value-added services by staff who have completed approximately 3,600 hours of training per person.

HP: http://hakkoden.co.jp/

Investment Date: March 2021

DNS Inc.

Business Description: DNS is engaged in product planning, sales and marketing of sports nutrition products under the brand name DNS.

HP: https://www.dnszone.jp/

Investment Date: August 2020

Japan Nursing and Hospice Care Co., Ltd.

Business Description: Japan Nursing and Hospice Care Co., Ltd. is a holding company (formerly NB-V Co., Ltd.) that owns Vati Co., Ltd., a provider primarily of nursing care services in serviced and assisted living homes for the elderly, and Care Medical Co., Ltd., an operator of serviced housing for the elderly and provider of home-visit long-term care/home-visit nursing care services. As the Japanese population ages, demand for long-term care services and medical services, including hospice services, is on the rise.

Investment Date: January 2020

Welfare Suzuran Co., Ltd.

Business Description: Welfare Suzuran is a nursing care service provider with 7 Residential Style Nursing Homes and 3 Group Homes for persons with disabilities.

HP: http://suzuran-group.jp/

Investment Date: December 2019

next innovation Co., ltd.

Business Description: Next innovation was founded in 2015 and is a fabless manufacturer and distributor of hair beauty products such as hair treatment product “S-Aqua (Science Aqua),” hair irons and digital perm treatment machines.

HP: https://www.s-aqua.info/

Investment Date: November 2019

Tokaitenrei Co., Ltd.

Business Description: The company operates 18 ceremony halls in Toyokawa City, Aichi Prefecture and areas adjacent to the city and operates the largest number of funeral homes in Toyokawa City. It has an in-house flower arrangement team, which produces high quality altar flower arrangements.

HP: https://www.tokaitenrei.com/

Investment Date: June 2019

Edge Innovation Co., Ltd.

Business Description: Edge Innovation was founded in 2015 and is headquartered in Suita City, Osaka Prefecture. The Company’s slogan is to “Transform entertainment by changing how we play!” Edge Innovation has been a pioneer in promoting a new format for “survival games” referred to as “airsoft”, which is a competitive team shooting sport deploying soft pellet, air guns

HP: https://edge-innovation.co.jp/

Investment Date: May 2019

EdulinX Corporation

Business Description: EdulinX is a provider of high-value educational technology passionate about education, technology and providing comprehensive educational solutions for all levels of talent development. We are transforming the way people learn through personalization, video on demand, gamification, immersion technology, and intuitive interactive learning experiences.

HP: https://www.edulinx.co.jp/home/

Investment Date: December 2018

Niwakyu Co., Ltd.

Business Description: Niwakyu sells baking soda, citric acid, sodium sesquicarbonate and sodium percarbonate, which are made from natural materials, all as detergents, as well as deodorants and table salt products.

HP: http://www.niwakyu.com/

Investment Date: October 2018

ELSONIC Co., Ltd.

Business Description: ELSONIC operates retail stores in primarily urban shopping locations throughout Japan under the brand name of "Thank You Mart". The goods sold by Companies are fashionable and "cute, want to have" items each priced at 390 yen, approximately US$3.5.

HP: http://www.elsonic.co.jp/

Investment Date: September 2018

Hotel Castle Inn Group

Business Description: Castle Inn Group owns and operates six hotels located in the Mie Prefecture of the Chubu Region, under the brand name of “Hotel Castle Inn” or “Hotel Resort Inn” and offers 826 guest rooms.

HP: http://www.castleinn.co.jp/

Investment Date: August 2018

SOWA PROJECT CO., LTD.

Business Description: Operates three wedding banquet facilities and one church in Sapporo and holds roughly 1,000 wedding parties a year positioned as a fully integrated provider of wedding service.

HP: https://www.sowaproject.jp/

Investment Date: May 2018

RAY Field Co., Ltd.

Business Description: Operates beauty salons under the brand name of “RAY Field” and operates salons (including franchise operations), primarily located in the suburban areas in the Tokai, Kyushu, Hokuriku and Chugoku regions.

HP: http://www.rayfield.jp/

Investment Date: January 2018

SORA GROUP Co., Ltd.

Business Description: SORA GROUP operates restaurants including traditional Japanese, pizzeria, ramen, bakery, etc., primarily located in Nagoya.

HP: http://www.sora-g.jp

Investment Date: September 2017

BUNKASHA PUBLISHING CO., LTD.

Business Description: Bunkasha is a Japanese publishing group with a strong presence in the manga segment (Japanese comics) targeted to female readers as well as the leisure magazine segment in both print and digital formats.

HP: https://www.bunkasha.co.jp/

Investment Date: April 2017 (exited in October 2020)

Kantoku Global Corporation, Ltd.

Business Description: Purchases Japanese used trucks and industrial machinery from major Japanese companies and exports them to third parties in emerging markets after demanufacturing and disassembling them into component parts in its factories.

HP: http://www.kantoku.co.jp/

Investment Date: October 2016

Vati Co., Ltd.

Business Description: Operates nursing and long-term care services for the elderly.

HP: http://www.vati.co.jp/

Investment Date: October 2016

Ise Meotoiwa Paradise Co.,Ltd.

Business Description: Operates a tourist destination that includes an aquarium/marine park, gift shops and restaurants adjacent to a well-known tourist site“meoto iwa” in Mie Prefecture (part of the Ise Shrine complex).

HP: http://ise-seaparadise.com/

Investment Date: September 2015

US.Mart Corporation

Business Description: Operates indoor playground facilities (Kid’s US. LAND) in shopping centers and malls throughout Japan with over 3.6mm customers annually.
The company also operates franchise business of 100yen convenience stores.

HP: http://www.kidsusland.com/

Investment Date: February 2015