Overview
Securities and Commodities Futures

Japan Investment Adviser Co.,Ltd.

Japan Investment Adviser Co., Ltd. is a financial solutions company primarily engaged in the operating lease business, structuring and distributing Japanese Operating Lease (JOL) products backed by aircraft, vessels, and marine containers to mid-sized and small enterprise investors through a nationwide network of banks, securities firms, and accounting offices. Beyond operating leases, the Group offers a broad range of ancillary services including environmental energy (solar power asset management), real estate, trust, securities, M&A advisory, business succession consulting, private equity investment, and IPO support. The Group operates through approximately 24 consolidated subsidiaries and 6 equity-method affiliates, with group companies spanning Japan and Ireland.

Market Cap
¥132B
US$845M
EV
¥—B
Stock¥2,133▲+0.19%
US$1 = ¥156.80 (2026-10-23)
ROE
14.9%
* LTM NI / end-of-period equity
PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-7.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 3, 26Q2 FY2026/12 earnings announced
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Performance & Balance
Revenue 5Y (¥B)
14.1US$90.0M'21/1218.0US$115M'22/1221.8US$139M'23/1231.1US$199M'24/1238.7US$247M'25/12
EBITDA 5Y (¥B)
4.29US$27.4M'21/121.74US$11.1M'22/125.82US$37.1M'23/1212.5US$79.5M'24/1219.2US$122M'25/12
Net Income 5Y (¥B)
2.92US$18.6M'21/124.41US$28.1M'22/122.36US$15.0M'23/128.06US$51.4M'24/1210.5US$67.2M'25/12
Capital Structure
34%
66%
EquityD/E 1.90xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
23.8US$152M53.0US$338M'21/1238.4US$245M97.5US$622M'22/1247.1US$300M137US$871M'23/1262.0US$395M139US$887M'24/1278.6US$501M180US$1.15B'25/12
Shareholders
Top 10 hold 64.7%
1
Kodo Holdings Co., Ltd.
34.91%
2
Sojitz Corporation
19.95%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.68%
4
Taisuke INOUE
1.16%
5
Central Tanshi Co., Ltd.
1.02%
6
Teiji ISHIKAWA
1.01%
7
Yoshiaki OTA
0.68%
8
Custody Bank of Japan, Ltd. (Trust Account)
0.51%
9
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
0.38%
10
Kenji YANAGIDA
0.38%
Management
6 officers
Naoto SHIRAIWA
Representative Director, President
Apr 1985 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Jul 2002 Head of Japanese Corporate Division, Bank of the West Jun 2004 Director, Japan Investment Advisor Ltd. (now Kodo Holdings Co., Ltd.) Nov 2009 Representative Director, Japan Investment Advisor Ltd. (now Kodo Holdings Co., Ltd.) (current) Aug 2006 Representative Director, White Rock Co., Ltd. (current) Sep 2006 Established Japan Investment Advisor Co., Ltd. (now the Company) through a company split from Japan Investment Advisor Ltd.; Representative Director, President (current) Jan 2007 Established CAIJ Co., Ltd. (now FinSpire Inc.); Representative Director, President Oct 2013 Representative Director, Chairman, JP Leasing Products & Services Co., Ltd. (current)
1961-07-06
Teiji ISHIKAWA
Director, in charge of Aircraft Finance Division
Apr 1985 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Jun 1999 Seconded to Sanwa Business Credit Corporation (now Mitsubishi HC Capital Inc.) Apr 2010 Established Aviation Plus Co., Ltd.; Representative Director Aug 2011 Representative Director, President, JP Leasing Products & Services Co., Ltd. (current) Oct 2011 Joined the Company Mar 2014 Director, the Company (current) Oct 2017 Director, JLPS Holding Ireland Limited (now JLPS Ireland Limited)
1961-05-05
Mitsuyasu MURAKAMI
Director, Head of Business Development Division
Apr 1985 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Aug 2005 Director, PT Bank UFJ Indonesia Aug 2011 Branch Manager, Taipei Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (now MUFG Bank, Ltd.) Apr 2016 Executive Officer, Fujita Kanko Inc. Nov 2019 Joined the Company Nov 2020 Executive Officer, Head of New Business Development Department, the Company Feb 2026 Director, Pioneer Ace Airlines Co., Ltd. (current) Mar 2026 Executive Officer, Head of Business Development Division, the Company (current) Director, JIA Trust Co., Ltd. (current) Director, the Company (current)
1961-11-10
Chiharu MARIKO
Director, Audit and Supervisory Committee Member
Apr 2002 Joined Toshiba Corporation Dec 2008 Registered as attorney-at-law (Tokyo Bar Association); joined Sakura Kyodo Law Offices Apr 2011 Consultant commissioned by the Cabinet Office Apr 2012 Vice Chairman, Ethics Special Committee, Tokyo Bar Association (current) Nov 2012 Certified support organization for management innovation, Small and Medium Enterprise Agency (current) Oct 2014 Mediation Officer, Tokyo Family Court (part-time judge) May 2015 Joined Hiradamachi Sogo Law Office Nov 2015 Participated in establishment of Mishima Sogo Law Office; Partner (current) Apr 2020 Mediation Commissioner, Tokyo District Court (current) Mar 2024 Outside Director, the Company Mar 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1979-01-08
Yutaka KASE
Director, Audit and Supervisory Committee Member
May 1970 Joined Nissho Iwai Corporation (now Sojitz Corporation) Jun 2001 Executive Officer and Executive Vice President, Nissho Iwai American Corporation Apr 2002 President, Chemicals & Materials Company, Nissho Iwai Corporation Apr 2003 Managing Executive Officer and Director, Nissho Iwai Corporation Apr 2004 Nichimen Corporation and Nissho Iwai Corporation merged; name changed to Sojitz Corporation; Representative Director, Senior Managing Executive Officer Aug 2004 Representative Director, Executive Vice President, Sojitz Corporation Oct 2005 Sojitz Holdings Corporation merged with Sojitz Corporation; name changed to Sojitz Corporation Apr 2007 Representative Director, Executive Vice President, Sojitz Corporation Apr 2012 Representative Director, CEO, Sojitz Corporation Jun 2013 Representative Director, Chairman, Sojitz Corporation Mar 2016 Outside Director, Astellas Pharma Inc. Jun 2016 Outside Director, J-AC Recruitment Co., Ltd. (current) Jun 2017 Outside Director, Sekisui Chemical Co., Ltd. Jun 2018 Special Adviser, Sojitz Corporation Adviser, Sojitz Corporation Mar 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1947-02-19
Ai SUGIYAMA
Director, Audit and Supervisory Committee Member
Sep 1999 Won US Open mixed doubles title Sep 2000 Won US Open women's doubles title Jun 2003 Won French Open women's doubles title Jul 2003 Won Wimbledon Championships women's doubles title Nov 2005 Established NPO Palm International Shonan; assumed position of Chairperson Oct 2009 Retired from professional tennis Jul 2021 Director, Woman’s Ways (current) Nov 2021 Representative Director, Japan Woman’s Tennis Top50 Club Apr 2025 Representative Director, Square Plus (current) Mar 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1975-07-05
Large Shareholding Reports
Kodo Holdings Co., Ltd.
2026-08-07
34.91%→34.91%
Annual report (as of 2026-06-30): 34.91%
Kodo Holdings Co., Ltd.
2026-06-15
35.53%→34.91%
Annual report (as of 2026-06-30): 34.91%
Sojitz Corporation
2026-06-10
17.75%→19.95%
Annual report (as of 2026-06-30): 19.95%
Kodo Holdings Co., Ltd.
2026-05-29
35.53%→35.53%
Annual report (as of 2026-06-30): 34.91%
Sojitz Corporation
2026-05-27
17.75%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 19.95%
Sojitz Corporation
2026-05-26
17.75%
Annual report (as of 2026-06-30): 19.95%
Kodo Holdings Co., Ltd.
2026-05-12
35.52%→35.53%
Annual report (as of 2026-06-30): 34.91%
Kodo Holdings Co., Ltd.
2025-09-29
35.52%→35.52%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 34.91%
Kodo Holdings Co., Ltd.
2025-09-25
35.52%→35.52%
Annual report (as of 2026-06-30): 34.91%
Kodo Holdings Co., Ltd.
2025-09-04
35.52%→35.52%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 34.91%
Kodo Holdings Co., Ltd.
2025-09-01
35.52%→35.52%
Annual report (as of 2026-06-30): 34.91%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Large Shareholding Report
EDINET
2026-08-04
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-07-31
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-06-15
Large Shareholding Report
EDINET
2026-06-10
Large Shareholding Report
EDINET
2026-05-29
Large Shareholding Report
EDINETAmended
2026-05-27
Change Report
EDINET
2026-05-26
Large Shareholding Report
EDINET
2026-05-22
Securities Registration Statement
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-04-30
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-18
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-10-31
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-09-29
Change Report
EDINET
2025-09-25
Large Shareholding Report
EDINETAmended
2025-09-04
Change Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-08-01
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-04-30
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-02
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-02
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2024-04-04
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-02
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-02
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
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