Overview
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AI FUSION CAPITAL GROUP CORP.

AI Fusion Capital Group is a Japanese holding company operating across four core business domains: proprietary investments (self-investment in AI-driven companies), fund management (venture capital with a focus on AI solution providers), PIPEs (private investment in public equities), and investment banking (corporate finance advisory). The group also operates SaaS businesses through subsidiary Showcase Co., Ltd., which provides online conversion rate optimization solutions, and holds interests in a produce wholesale business. In January 2025, the company launched a cryptocurrency investment business through its subsidiary Mirai Coin Co., Ltd.

Market Cap
¥9.05B
US$57.7M
EV
¥—B
Stock¥1,040▼-19.19%
US$1 = ¥156.80 (2026-10-23)
ROE
-35.5%
* LTM NI / end-of-period equity
PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
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Performance & Balance
Revenue 5Y (¥B)
0.55US$3.48M'22/30.57US$3.60M'23/30.51US$3.25M'24/33.09US$19.7M'25/33.30US$21.0M'26/3
EBITDA 5Y (¥B)
1.50US$9.58M'25/3-1.19-US$7.58M'26/3
Net Income 5Y (¥B)
0.14US$0.91M'22/31.04US$6.63M'23/31.08US$6.90M'24/30.67US$4.26M'25/3-1.23-US$7.85M'26/3
Capital Structure
30%
70%
EquityD/E 2.33xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'22/3'23/3'24/33.33US$21.2M0.97US$6.15M'25/37.79US$49.7M10.0US$64.0M'26/3
Shareholders
Top 10 hold 51.6%
1
DSG1 Co., Ltd.
22.52%
2
Toshihiko UEHARA
15.48%
3
Morgan Stanley MUFG Securities Co., Ltd.
2.74%
4
GMO CLICK Securities, Inc.
2.07%
5
MATSUI SECURITIES CO.,LTD.
2.02%
6
SBI Neotrade Securities Co., Ltd.
1.60%
7
Rei KOBAYASHI
1.37%
8
Rakuten Securities, Inc. (Joint Account)
1.36%
9
BNP Paribas Financial Markets (Standing Proxy: BNP Paribas Securities (Japan) Limited)
1.25%
10
Yuichi KAKINUMA
1.14%
Management
5 officers
Daisuke SAWADA
Representative Director, President
As described in (1)
1976-04-06
Koichi MATSUMOTO
Director, Executive Vice President
As described in (1)
1980-03-26
Takashi KUBO
Director, Audit and Supervisory Committee Member
As described in (1)
1954-11-07
Kenji NARUO
Director, Audit and Supervisory Committee Member
Apr 1985 Director, Nariu Co., Ltd. (Limited Company) Apr 2000 Joined Iida Law Office Oct 2003 Joined Nariu Law Office Jun 2008 Auditor, Kariyushikai Social Medical Corporation (current) May 2016 Auditor, Izumikai Social Medical Corporation (current) Dec 2016 Joined Higashi Nihon Tax Accountant Corporation Mar 2018 Auditor, Junjokai Social Medical Corporation Jun 2026 Director, Audit and Supervisory Committee Member, the Company
1961-06-14
Tomokazu IMAI
Director, Audit and Supervisory Committee Member
Dec 2010 Registered as Attorney-at-Law, Tokyo Bar Association Dec 2010 Joined Kuribayashi Sogo Law Office Feb 2016 Auditor, Rabable Marketing Group Inc. (current) Jul 2017 Representative Director, Finesse Consulting Inc. (current) Mar 2018 Representative Attorney, Imai Sekiguchi Law Office (now Hekiho Law Office) Jun 2021 Outside Auditor, Hatarakurakku Holdings Inc. (current) Mar 2024 Outside Auditor, Kaizen Platform, Inc. (current) Jun 2026 Director, Audit and Supervisory Committee Member, the Company
1977-12-08
Large Shareholding Reports
Evo Fund
2026-10-08
7.84%
Evo Fund
2026-10-07
7.84%→4.90%
Evo Fund
2026-04-08
7.84%
Evo Fund
2026-04-06
8.14%→4.90%
DSG1 Co., Ltd.
2026-01-13
26.94%→24.85%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2026-01-05
26.94%→24.85%
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-24
24.32%→26.94%
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-24
19.75%→22.02%
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-24
19.75%→22.02%
Annual report (as of 2026-03-31): 22.52%
Evo Fund
2025-10-08
5.19%→8.14%
Evo Fund
2025-10-06
8.56%→5.19%
DSG1 Co., Ltd.
2025-10-03
19.75%→24.32%
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-03
—
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-03
—
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-03
19.75%
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-03
19.75%→19.75%
Annual report (as of 2026-03-31): 22.52%
DSG1 Co., Ltd.
2025-10-03
—
Annual report (as of 2026-03-31): 22.52%
Toshihiko UEHARA
2025-09-16
15.80%→16.88%
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
14.59%→15.80%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-27
—
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-21
14.59%→15.80%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 15.48%
Toshihiko UEHARA
2025-08-19
14.59%→15.80%
Annual report (as of 2026-03-31): 15.48%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-08
Large Shareholding Report
EDINET
2026-10-07
Large Shareholding Report
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-08
Large Shareholding Report
EDINET
2026-04-06
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2026-01-13
Change Report
EDINET
2026-01-05
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-10-24
Change Report
EDINETAmended
2025-10-24
Change Report
EDINETAmended
2025-10-24
Change Report
EDINET
2025-10-08
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-10-03
Large Shareholding Report
EDINET
2025-10-03
Large Shareholding Report
EDINET
2025-10-03
Large Shareholding Report
EDINETAmended
2025-10-03
Change Report
EDINETAmended
2025-10-03
Change Report
EDINETAmended
2025-10-03
Change Report
EDINET
2025-09-16
Large Shareholding Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
EDINETAmended
2025-08-27
Change Report
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