Overview
Securities and Commodities Futures

Financial Partners Group Co.,Ltd.

FPG Inc. is a financial services company that structures and distributes a diverse range of investment products primarily targeting Japanese corporations and high-net-worth individuals. Its core business is the Japanese-style Operating Lease (JOLCO) segment, where it organizes and sells anonymous partnership interests in operating leases on aircraft, ships, and marine containers, enabling investors to benefit from tax deferral effects. The company has expanded into domestic and overseas real estate funds, private jet and medical transport aviation services, and a co-ownership platform for alternative assets such as art and classic supercars.

Market Cap
¥138B
US$881M
EV
¥—B
Stock¥1,649▲+0.00%
US$1 = ¥156.80 (2026-10-23)
ROE
27.5%
* LTM NI / end-of-period equity
PBR
2.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-50.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
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Performance & Balance
Revenue 5Y (¥B)
14.9US$95.2M'21/959.2US$378M'22/971.1US$454M'23/9108US$687M'24/9130US$828M'25/9
EBITDA 5Y (¥B)
5.37US$34.3M'21/911.9US$75.8M'22/918.5US$118M'23/928.8US$184M'24/925.7US$164M'25/9
Net Income 5Y (¥B)
2.95US$18.8M'21/98.48US$54.0M'22/912.5US$79.5M'23/920.5US$130M'24/918.2US$116M'25/9
Capital Structure
55%
45%
EquityD/E 0.83xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
20.8US$133M49.0US$313M'21/913.1US$83.7M99.8US$637M'22/916.0US$102M113US$720M'23/917.5US$111M150US$955M'24/914.4US$91.9M54.0US$345M'25/9
Shareholders
Top 10 hold 47.3%
1
HT Holdings Co., Ltd.
29.02%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.87%
3
Naoe TANIMURA
2.63%
4
Custody Bank of Japan, Ltd. (Trust Account)
1.47%
5
STATE STREET BANK AND TRUST COMPANY505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.00%
6
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.99%
7
Central Tanshi Co., Ltd.
0.78%
8
STATE STREET BANK AND TRUST COMPANY505103 (Standing Proxy: Mizuho Bank, Ltd.)
0.55%
9
ISHARES CORE MSCI EAFE ETF (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.50%
10
TAIPEI FUBON COMMERCIAL BANK CO., LTD.-TP HQ-EQUITY DESK (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.48%
Management
10 officers
Naoe TANIMURA
Representative Director, President, Representative Executive Officer
Apr 1983 Joined Sumisho Lease Co., Ltd. (now Sumitomo Mitsui Finance and Leasing Company, Limited) Aug 1998 Japan Representative, Tokyo Branch, ING Lease Japan N.V. Nov 2001 Established Financial Product Group Co., Ltd. (now the Company) Nov 2001 Representative Director, President, the Company (current) Aug 2011 Representative Director, HT Holdings Co., Ltd. (current) Dec 2012 Representative Executive Officer, the Company (current) Mar 2013 Representative Director and Chairman, FPG Securities Co., Ltd. (current) Oct 2014 Director, Bernina Trust Co., Ltd. (now FPG Trust Co., Ltd.) Mar 2015 Representative Director and Chairman, FPG Trust Co., Ltd. (current) May 2015 Director, Amentum Capital Ltd. (now FPG Amentum Limited) (current) Nov 2019 Director, Kitanihon Airlines Co., Ltd. (now Only You Air Co., Ltd.) Jun 2020 Representative Director and Chairman, Only You Air Co., Ltd. (current) Nov 2023 Director and Chairman, AND ART Co., Ltd. (now AND OWNERS Co., Ltd.) Mar 2024 Representative Director and Chairman, AND OWNERS Co., Ltd. (current)
1959-07-25
Tadashi ISHIGURO
Director
Apr 1978 Joined The Nippon Credit Bank, Ltd. (now SBI Shinsei Bank, Limited) Mar 2000 Executive Officer, General Manager, Corporate Strategy Department, the same bank Jun 2004 Managing Executive Officer, General Manager, Business Corporations Department, Shinsei Bank, Limited (now SBI Shinsei Bank, Limited) Jan 2005 Managing Executive Officer, Head of Corporate Affairs Division, the same bank Sep 2005 Senior Executive Officer, Corporate Planning Department, Nomura Holdings, Inc. Apr 2006 Executive Officer, Planning and Administration Division, Nomura Trust and Banking Co., Ltd. Apr 2010 Senior Managing Executive Officer, the same company May 2015 Representative Director, President, FPG Trust Co., Ltd. Mar 2016 Senior Managing Executive Officer, the Company Mar 2016 Director, FPG Trust Co., Ltd. (current) Dec 2016 Director, the Company (current) Nov 2019 Director, Kitanihon Airlines Co., Ltd. (now Only You Air Co., Ltd.) (current)
1955-04-26
Keiko OHARA
Outside Director
Apr 1988 Registered as attorney-at-law (Dai-Ichi Tokyo Bar Association) Apr 1988 Joined Komatsu Sogo Law Office (later Komatsu & Koma Law Office) Sep 1992 Joined New York Office, Weil, Gotshal & Manges LLP Aug 1993 Registered as attorney-at-law (State of New York) Oct 1993 Returned to Komatsu & Koma Law Office Feb 2000 Founded Kamiyacho Law Office, Partner (current) Sep 2012 Part-time Lecturer, Keio University Law School Mar 2017 Audit & Supervisory Board Member, Save the Children Japan (current) Jun 2017 Chair, Committee on Foreign Lawyers and International Legal Affairs, Japan Federation of Bar Associations Dec 2018 Outside Director, the Company (current) Jun 2019 Outside Director, Fujikyu Co., Ltd. (current) Jun 2020 Outside Corporate Auditor, Taisei Corporation (current)
1959-10-18
Eiji SAKOMOTO
Outside Director
Jun 1990 Representative Director, Tax Consulting Group Co., Ltd. (now Ginza K.T.C. Consulting Co., Ltd.) (current) Mar 1993 Registered as Certified Public Accountant Jul 1993 Registered as Certified Tax Accountant Aug 2003 Representative Director, Matsutake Eiga Gekijo Co., Ltd. (current) Apr 2004 Representative Partner, Shinsou Tax Accountant Corporation (now Ginza K.T.C. Tax Corporation) (current) Feb 2006 Outside Corporate Auditor, Seibu Holdings Inc. Aug 2011 Corporate Auditor, Shinbashi Enbujo Co., Ltd. (current) Aug 2011 Corporate Auditor, Enbujo Service Co., Ltd. (current) May 2015 Corporate Auditor, Prince Hotel Co., Ltd. (now Seibu Realty Solutions Co., Ltd.) (current) Jun 2015 Outside Director, Nagatanien Co., Ltd. (now Nagatanien Holdings Co., Ltd.) Dec 2020 Outside Director, the Company (current) Apr 2022 Corporate Auditor, Seibu Prince Hotels Worldwide Co., Ltd. (current) Oct 2024 Director, Nagatanien Holdings Co., Ltd. (current)
1956-11-04
Minoru TAJIMA
Outside Director
Apr 1980 Joined Mitsubishi Estate Co., Ltd. Apr 1994 Director and General Manager, MEC UK Ltd. Apr 2003 Vice President and Chief Investment Officer, Rockefeller Group International, Inc. Apr 2008 General Manager, Corporate Planning Department, Mitsubishi Estate Co., Ltd. Apr 2009 General Manager, Corporate Planning Department, the same company; Representative Director, President, Mec Information Development Co., Ltd. (now Mitsubishi Estate ITsolutions Co., Ltd.) Apr 2010 Executive Officer, General Manager, Corporate Planning Department, Mitsubishi Estate Co., Ltd. Apr 2012 Executive Officer, General Manager, Building Asset Development Department, the same company Apr 2013 Managing Executive Officer, the same company Jun 2016 Executive Managing Officer, the same company Apr 2017 Group Executive Officer; Representative Director, President, Mitsubishi Estate Real Estate Services Co., Ltd. Apr 2019 Managing Executive Officer, Mitsubishi Estate Co., Ltd. Jun 2019 Group Executive Officer; Representative Director, President, Marunouchi Heat Supply Co., Ltd. Oct 2022 Advisor, the Company Dec 2022 Outside Director, the Company (current) Jun 2023 Director and Executive Officer, General Manager of Business Promotion Department and General Affairs Department, Nojima Corporation Oct 2025 Senior Advisor, Nojima Corporation (current)
1958-01-24
Elizabeth MASAMUNE
Outside Director
Apr 1987 Joined Austrade, Australian Embassy in Japan Apr 1996 Counsellor, Australian Embassy in Indonesia Apr 1999 Minister-Counsellor, Australian Embassy in Vietnam Aug 2002 Minister-Counsellor, Australian Embassy in Korea Aug 2007 Minister, Australian Embassy in Japan; Japan General Manager, Austrade Oct 2011 Head, Northeast Asia Region, Austrade Sep 2013 Head, Trade Division, Austrade Jul 2015 Representative Director, At Asia Associates Japan Co., Ltd. (current) Dec 2016 Advisor, Pasona Group Inc. Dec 2017 Executive Director, Awaji Youth Federation, Pasona Group Inc. Jun 2018 Outside Director, Face Co., Ltd. Jun 2019 Outside Director, Arakawa Chemical Industries, Ltd. (current) Jun 2022 Outside Director, Techno Horizon Co., Ltd. Jun 2023 Outside Director, Asteria Corporation (current) Oct 2023 Advisor, the Company Nov 2023 President, Awaji Youth Federation, Pasona Group Inc. Dec 2023 Outside Director, the Company (current)
1960-04-05
Hanako MUTO
Outside Director
Aug 1986 Joined The Mitsui Bank, Limited (now Sumitomo Mitsui Banking Corporation) Jul 1997 Attached to Securities Planning Department, Sakura Bank, Ltd. (now Sumitomo Mitsui Banking Corporation); seconded to Sakura Research Institute (now SMBC Consulting Co., Ltd.) as Senior Analyst Oct 1999 Joined Sony Corporation (now Sony Group Corporation) Jun 2003 Manager, IR Department, the same company Jun 2004 General Manager, Board of Directors Secretariat and Audit Committee Secretariat, the same company May 2008 General Manager, IR and Public Relations Department, Mitsubishi Shoji UBS Realty Co., Ltd. (now KJR Management Co., Ltd.) Apr 2012 General Manager, Public Relations Office, NEXON Co., Ltd. May 2013 Head of External Relations and Communication Services, McKinsey & Company, Inc. Japan Nov 2018 General Manager, Public Relations Division, Air Liquide Japan Ltd. (now Air Liquide Japan GK) Jul 2022 Partner, Korn Ferry Japan K.K. Jun 2023 Outside Director, CYBERDYNE Inc. Dec 2023 Outside Director, the Company (current) Mar 2025 Outside Director, Ezaki Glico Co., Ltd. (current)
1965-04-16
Hideyuki KAWASHIMA
Full-time Corporate Auditor
Apr 1984 Joined The Industrial Bank of Japan, Limited (now Mizuho Bank, Ltd.) Jul 1993 Joined Kogin Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Feb 2008 Deputy President, Mizuho International plc May 2011 Deputy President, Mizuho Securities Asia Limited Jan 2012 President, Mizuho Securities Asia Limited Apr 2014 General Manager, Business Audit Department, Mizuho Securities Co., Ltd. Apr 2016 Executive Officer, General Manager, Business Audit Department, the same company Apr 2017 Managing Director, General Manager, Internal Audit Group, Mizuho Securities Co., Ltd.; Managing Executive Officer, Deputy General Manager, Internal Audit Group, Mizuho Financial Group, Inc.; Member of the Board of Directors, Mizuho International plc Apr 2019 Executive Officer, Mizuho Securities Co., Ltd.; Corporate Auditor, Mizuho Securities Principal Investment Co., Ltd. Jun 2019 Director (Audit and Supervisory Committee Member), Mizuho Securities Co., Ltd.; Executive Officer, Audit Committee Office, Mizuho Financial Group, Inc.; Corporate Auditor, Mizuho Securities Principal Investment Co., Ltd. Jul 2021 Advisor, the Company Dec 2021 Outside Corporate Auditor, the Company (current) Jun 2023 Corporate Auditor, FPG Securities Co., Ltd. (current) Jun 2023 Corporate Auditor, FPG Air Service Co., Ltd. (now Only You Air Co., Ltd.) (current) Nov 2023 Corporate Auditor, AND ART Co., Ltd. (now AND OWNERS Co., Ltd.) (current) Jun 2024 Corporate Auditor, FPG Trust Co., Ltd. (current)
1961-12-27
Kazuhide YAMAUCHI
Corporate Auditor
Apr 1983 Joined Tokai Bank, Ltd. (now MUFG Bank, Ltd.) Jun 2011 Joined Mitsubishi UFJ Lease & Finance Company Limited (now Mitsubishi HC Capital Inc.) Jul 2012 Executive Officer, the same company May 2013 Executive Officer; President, Bangkok Mitsubishi UFJ Lease Co., Ltd. (now Bangkok Mitsubishi HC Capital Co., Ltd.) Jun 2013 Executive Officer; President, Bangkok Mitsubishi UFJ Lease Co., Ltd. (now Bangkok Mitsubishi HC Capital Co., Ltd.) Jun 2015 Full-time Corporate Auditor, Mitsubishi UFJ Lease & Finance Company Limited (now Mitsubishi HC Capital Inc.) Jun 2018 Special Advisor, the same company; Full-time Corporate Auditor, Mitsubishi Auto Lease Co., Ltd.; Full-time Corporate Auditor, Mitsubishi Auto Lease Holdings Co., Ltd. (now Mitsubishi Auto Lease Co., Ltd.) Jul 2023 Non-executive Advisor, Mitsubishi HC Capital Inc. Sep 2023 Advisor, the Company Dec 2023 Outside Corporate Auditor, the Company (current) Mar 2024 Director (Audit and Supervisory Committee Member), Digital Holdings, Inc. (current)
1960-10-19
Ryoko SASAMORI
Outside Corporate Auditor
Apr 1984 Joined Mitsukoshi, Ltd. (now Mitsukoshi Isetan Holdings Ltd.) Feb 2007 General Manager, Business Development Department, Specialty Store Business Division, the same company Apr 2009 General Manager, Business Planning Department, Specialty Store Business Division; General Manager, General Affairs Department, the same company Apr 2011 Store Manager, Ebisu Store, Specialty Store Business Division, Isetan Mitsukoshi Holdings Ltd. Apr 2013 General Manager, Sales Control Department, Isetan Fuchu Store, Regional Store Business Division, Isetan Mitsukoshi Holdings Ltd. Apr 2015 General Manager, Living and IDS Sales Department, Mitsukoshi Nihonbashi Store, Sales Headquarters; Planning Officer, the same company Apr 2016 Executive Officer; General Manager, Living Division, Merchandise Control Department; Attached to General Manager's Office (Compliance), the same company Apr 2017 Executive Officer; General Manager, Living Division, Merchandise Control Department, Department Store Business Division; Attached to General Manager's Office (Compliance), the same company Apr 2018 Senior Officer, attached to Related and Real Estate Business Division; Commercial Facilities Department, Isetan Mitsukoshi Property Design Co., Ltd., the same company Apr 2019 Senior Officer, Isetan Mitsukoshi Holdings Ltd.; Representative Director, President, M.I. Tomonokai Co., Ltd. Apr 2021 Senior Officer, Isetan Mitsukoshi Holdings Ltd., in charge of Group Audit (formerly Organizational Audit, Audit Committee Operations Department, Board Office); Corporate Auditor of multiple Isetan Mitsukoshi Group companies Apr 2022 Corporate Auditor, Isetan Kaikan Co., Ltd. Apr 2023 Corporate Auditor, Shizuoka Isetan Co., Ltd. Sep 2024 Advisor, the Company Dec 2024 Outside Corporate Auditor, the Company (current) Jun 2025 Outside Director, Kyokyoku Unso Shoji Co., Ltd. (current)
1962-02-09
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-13
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-01-29
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-19
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-07-31
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-13
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-01-30
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-23
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-25
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-23
Annual Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINETAmended
2021-12-28
Amended Annual Securities Report
EDINET
2021-12-23
Annual Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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