Overview
Securities and Commodities Futures

SPARX Group Co.,Ltd.

SPARX Group is an independent asset management holding company headquartered in Japan, offering investment advisory and investment trust management services across Japanese equities, Asian equities, renewable energy, real estate, and private equity. Its core subsidiaries include SPARX Asset Management Co., Ltd. (covering Japanese equities, renewable energy development-stage investments, and unlisted equities) and SPARX Asset Trust & Management Co., Ltd. (covering real estate and operational-phase renewable energy assets), complemented by SPARX Asset Management Korea and SPARX Asia Investment Advisors in Hong Kong for regional coverage. The group's investment philosophy is grounded in a proprietary bottom-up approach involving direct company visits to assess management quality, business risk, and intrinsic value gaps.

Market Cap
¥96.4B
US$614M
EV
¥—B
Stock¥2,438▼-2.48%
US$1 = ¥157.05 (2026-10-22)
ROE
18.8%
* LTM NI / end-of-period equity
PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+31.5%pt
10012
Oct 23, 25 – Oct 23, 26StockTOPIX
1Dec 22, 25Sawafuji TOB announced at 1,303 yen per share
2Aug 3, 26Q1 FY2027/03 earnings announced
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Performance & Balance
Revenue 5Y (¥B)
14.0US$89.4M'22/313.4US$85.1M'23/316.5US$105M'24/318.0US$114M'25/319.6US$125M'26/3
EBITDA 5Y (¥B)
6.66US$42.4M'22/35.88US$37.5M'23/37.69US$49.0M'24/37.95US$50.6M'25/39.36US$59.6M'26/3
Net Income 5Y (¥B)
4.07US$25.9M'22/34.52US$28.8M'23/36.52US$41.5M'24/35.25US$33.4M'25/36.38US$40.6M'26/3
Capital Structure
80%
20%
EquityD/E 0.25xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
31.4US$200M9.00US$57.3M'22/332.5US$207M9.00US$57.3M'23/338.4US$244M9.04US$57.5M'24/340.9US$260M10.8US$68.7M'25/343.7US$278M10.0US$63.8M'26/3
Shareholders
Top 10 hold 70.8%
1
Shuhei ABE
38.13%
2
Abe Capital Co., Ltd.
14.87%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.29%
4
HSBC BANK PLC A/C M AND G (ACS) VALUE PARTNERS CHINA EQUITY FUND (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.43%
5
STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)
2.58%
6
日本マスタートラスト信託銀行株式会社(株式付与ESOP信託口・76095口)
2.07%
7
STATE STREET BANK AND TRUST COMPANY 505301 (Standing Proxy: Mizuho Bank, Ltd.)
1.58%
8
Custody Bank of Japan, Ltd. (Trust Account)
1.53%
9
Hikari Tsushin KK Investment Limited Partnership
1.30%
10
UHPartners2 Investment Limited Partnership
1.01%
Management
9 officers
Shuhei ABE
Representative Director, President, Group CEO, Group CIO
Apr 1981 Joined Nomura Research Institute, Ltd. Apr 1982 Transferred to Nomura Securities Co., Ltd. Apr 1985 Established Abe Capital Research; assumed position of Representative Director Jun 1989 Assumed position of Representative Director, President of the Company (current) Feb 2005 Assumed position of Director, Cosmo Asset Management Co., Ltd. (currently SPARX Asset Management Korea Co., Ltd.) Oct 2006 Assumed position of Representative Director, President, SPARX Asset Management Co., Ltd. Dec 2008 Assumed position of Representative Director, Chairman, SPARX Asset Management Co., Ltd. Jun 2009 Assumed position of Group CIO of the Company Apr 2010 Assumed position of CEO, SPARX Asset Management Co., Ltd. (current) Apr 2011 Assumed position of Representative Director, President, SPARX Asset Management Co., Ltd. (current); assumed position of Group CEO of the Company (current) Feb 2013 Assumed position of Director, Cosmo Asset Management Co., Ltd. (currently SPARX Asset Management Korea Co., Ltd.) Apr 2023 Assumed position of Group CIO of the Company (current)
1954-05-10
Hiroshi MINEMATSU
Director, Group Senior Managing Executive Officer, Group CFO
Nov 1997 Joined Asahi Arthur Andersen Co., Ltd. (currently PwC Consulting LLC) Oct 1999 Transferred to Asahi & Co. (currently Ernst & Young ShinNihon LLC) Jul 2005 Joined SPARX Asset Management Investment Trust Co., Ltd. (currently SPARX Group Co., Ltd.) Apr 2014 Assumed position of Director, SPARX Asset Trust & Management Co., Ltd. Feb 2015 Assumed position of Director, SPARX Green Energy & Technology, Inc. Jan 2016 Assumed position of Executive Officer of the Company May 2016 Assumed position of Director, SPARX Asia Investment Advisors Limited (current) Dec 2018 Assumed position of Director, SPARX AI & Technologies Investment Co., Ltd. (currently SPARX Investment Co., Ltd.) Apr 2019 Assumed position of Managing Executive Officer, Group CFO of the Company (current) Jun 2019 Assumed position of Director, SPARX Asset Management Korea Co., Ltd. (current) Apr 2022 Assumed position of Senior Managing Executive Officer of the Company; assumed position of Senior Managing Director, CFO, SPARX Asset Management Co., Ltd. (current) Jun 2022 Assumed position of Senior Managing Director of the Company Apr 2023 Assumed position of Director, SPARX Asset Management Co., Ltd. (current); assumed position of Outside Director, Nomura SPARX Investment Co., Ltd. (current) Jun 2023 Assumed position of Executive Officer of the Company Jun 2024 Assumed position of Internal Control Supervisor, SPARX Asset Management Co., Ltd. (current) Jun 2025 Assumed position of Director, Group Senior Managing Executive Officer, Group CFO of the Company (current) Mar 2026 Assumed position of Director, SPARX Asset Trust & Management Co., Ltd. (current)
1971-09-28
Masatoshi FUKAMI
Director
Apr 1984 Joined Nomura Securities Co., Ltd. Nov 1997 Joined SPARX Investment Advisory Co., Ltd. (currently SPARX Group Co., Ltd.) Jun 2007 Assumed position of Managing Director of the Company Apr 2008 Assumed position of Director, SPARX Asset Management Co., Ltd. Aug 2012 Assumed position of Representative Director, SPARX Green Energy & Technology, Inc. Apr 2014 Assumed position of Representative Director, President, SPARX Asset Trust & Management Co., Ltd. Jan 2016 Assumed position of Chairman, SPARX Asset Trust & Management Co., Ltd. May 2016 Assumed position of Director, SPARX Asset Management Korea Co., Ltd. Apr 2019 Assumed position of Representative Director, Vice President, Group Deputy CEO of the Company; assumed position of Representative Director, Vice President, SPARX Asset Management Co., Ltd.; assumed position of Director, SPARX Green Energy & Technology, Inc. Apr 2021 Assumed position of Group COO of the Company Apr 2023 Assumed position of Director, SPARX Asset Management Co., Ltd. Jul 2024 Assumed position of Chairman, Director, IJTT Co., Ltd. Apr 2026 Assumed position of Executive Fellow, SPARX Asset Management Co., Ltd. (current); Executive Fellow of the Company (current)
Tsuyoshi SUZUKI
Director
Apr 1994 Joined Nomura Securities Co., Ltd. May 1999 Joined SPARX Investment Advisory Co., Ltd. (currently SPARX Group Co., Ltd.) Oct 2006 Assumed position of Director, SPARX International Ltd. Jan 2007 Assumed position of Director/President, SPARX Asset Management International, Ltd. Feb 2014 Assumed position of Director & President, SPARX Asia Investment Advisors Limited May 2016 Assumed position of Director, SPARX Asset Management Korea Co., Ltd. Apr 2019 Assumed position of Executive Officer of the Company Apr 2021 Assumed position of Director, SPARX Asset Management Co., Ltd.; assumed position of Director & Chairman, SPARX Asia Investment Advisors Limited (current) Apr 2022 Assumed position of Managing Executive Officer and CMO, SPARX Asset Management Co., Ltd.; assumed position of Managing Executive Officer, Group CMO of the Company Apr 2023 Assumed position of Executive Officer of the Company (current) Jun 2023 Assumed position of Director, Chairman, SPARX Asset Management Korea Co., Ltd. (current) Apr 2024 Assumed position of Head of Global Business Development, SPARX Asset Management Co., Ltd. (current) Jun 2024 Assumed position of Director, SPARX Asset Management Co., Ltd. (current)
Toshihiko NAKAGAWA
Director (Audit and Supervisory Committee Member)
Apr 1974 Joined Nomura Securities Co., Ltd. Jun 1997 Assumed position of Director, Nomura Securities Co., Ltd. May 2001 Assumed position of Managing Director, Nomura Securities Co., Ltd. Jun 2001 Assumed position of Advisor, Nomura Securities Co., Ltd. Jul 2001 Assumed position of Managing Executive Officer, Aioi Insurance Co., Ltd. (currently Aioi Nissay Dowa Insurance Co., Ltd.) Apr 2008 Assumed position of Senior Managing Executive Officer, Aioi Insurance Co., Ltd. Oct 2010 Assumed position of Senior Managing Executive Officer, Aioi Nissay Dowa Insurance Co., Ltd. Apr 2014 Assumed position of Representative, Office Nakagawa Nov 2014 Assumed position of Advisor, Capital Partners Securities Co., Ltd. Apr 2015 Assumed position of Representative Director, Office Nakagawa Co., Ltd. (current) Jun 2015 Assumed position of Outside Director of the Company Jun 2020 Assumed position of Outside Director (Audit and Supervisory Committee Member) of the Company (current) Assumed position of Audit & Supervisory Board Member, SPARX Asset Management Co., Ltd. (current) Assumed position of Outside Audit & Supervisory Board Member, Asuka Short-Term Insurance Co., Ltd. (current)
1951-09-30
Kimie MORISHITA
Director (Audit and Supervisory Committee Member)
Apr 1993 Joined Dentsu Inc. Sep 2001 Joined McKinsey & Company Japan May 2003 Joined Dentsu Inc. Oct 2016 Assumed position of Director of CEO Office, Dentsu Aegis Network China (China Group) Jul 2018 Assumed position of General Manager, Innovation Intelligence Department, Dentsu Innovation Initiative, Dentsu Inc. Mar 2019 Assumed position of General Manager, Network Solutions Department, and Director, Network Development Office, Global Business Center, Dentsu Inc. Apr 2019 Assumed position of Director, Dentsu Isobar Japan Ltd.; Director, Kara Japan Co., Ltd.; Director, Aiprospect Japan Co., Ltd.; Director, Visium Japan Co., Ltd. Jan 2020 Assumed position of Director, Dentsu X Japan Inc. Jun 2021 Assumed position of Executive Officer, Ryohin Keikaku Co., Ltd. Jun 2023 Assumed position of Outside Director (Audit and Supervisory Committee Member) of the Company (current); assumed position of Audit & Supervisory Board Member, SPARX Asset Management Co., Ltd. (current) Mar 2024 Assumed position of Outside Director, Asahi Soft Drinks Co., Ltd. Jul 2024 Assumed position of Outside Director, Tsuburaya Fields Holdings Inc. (current)
1967-08-18
Toshiyuki KATO
Director (Audit and Supervisory Committee Member)
Apr 1980 Joined Nippon Denso Co., Ltd. (currently DENSO Corporation) Sep 1980 Compressor Engineering Department Oct 1984 Labor union Oct 1990 Toyota Sales Engineering Department Jul 1996 Seconded to DENSO International America Jan 2003 Seconded to DENSO (China) Investment Co., Ltd. Jan 2006 Toyota Department Jun 2007 Assumed position of Managing Officer Jun 2013 Tokyo Branch Manager, DENSO Jun 2014 Assumed position of Senior Managing Officer Jun 2016 Toyota Department and Osaka Branch Apr 2018 Assumed position of Senior Executive Vice President Jan 2022 Assumed position of Mission Executive Jan 2024 Assumed position of Advisor, Toyota Motor Corporation (current) Jun 2024 Assumed position of Managing Director, Super Taikyu Future Organization (current) Nov 2024 Assumed position of Advisor, Kanebo Co., Ltd. (current)
Mikihide KATSUMATA
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined The Industrial Bank of Japan, Ltd. (currently Mizuho Bank, Ltd.) Aug 1999 Joined Merrill Lynch Japan Securities; Director, Global Principal Investments Apr 2002 Established Nihon Mirai Capital Co., Ltd.; Director & Partner and CFO Apr 2002 Assumed position of Part-time Lecturer, College of Arts and Sciences, The University of Tokyo Apr 2007 Established New Frontier Capital Management Co., Ltd.; assumed position of Representative Director, President (CEO) Jun 2010 Assumed position of Representative Director, President (CEO), Mobile Internet Capital Inc. Jun 2013 Assumed position of Representative Director, Javelin Ltd. (current) Apr 2015 Assumed position of Senior Managing Executive Officer, Innovation Network Corporation of Japan Jun 2015 Assumed position of Representative Director, President (COO), Innovation Network Corporation of Japan Sep 2018 Assumed position of Representative Director, President (COO), INCJ, Ltd. Apr 2019 Assumed position of Honorary Ambassador, Minami Fujisan City General Incorporated Association Dec 2023 Assumed position of Senior Advisor, Decarbonization Support Funds of Funds (Tokyo) (current) Sep 2024 Assumed position of Evaluation Committee Member for Investment Candidates, Organization for Small & Medium Enterprises and Regional Innovation, Japan (current) Oct 2024 Assumed position of Visiting Professor, Graduate School of Hiroshima University (current)
Miho SAITO
Director (Audit and Supervisory Committee Member)
Apr 1986 Joined Nomura Securities Co., Ltd. Mar 1988 Joined Credit Suisse Trust Ltd. Nov 1989 Joined SPARX Investment Advisory Co., Ltd. (currently SPARX Group Co., Ltd.) Jun 1993 Obtained Master of Business Administration (MBA), J.L. Kellogg Graduate School of Management, Northwestern University Sep 1997 Joined Government of Singapore Investment Corporation (GIC) Jan 2006 Joined Clay Finlay Inc. Nov 2009 Joined United Nations Joint Staff Pension Fund Jun 2024 Executive Officer, Strategy Advisors Inc. Mar 2025 Assumed position of Director (Audit and Supervisory Committee Member), Elan Corporation (current) Jun 2025 Assumed position of Outside Director, Yamaguchi Financial Group, Inc. (current) Assumed position of Director (Audit and Supervisory Committee Member), Toho Holdings Co., Ltd. (current)
Large Shareholding Reports
M&G Investment Management Limited
2026-07-07
7.15%→5.81%
M&G Investment Management Limited
2026-06-05
8.54%→7.15%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-12
株主総会招集通知
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-20
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2023-06-09
Amended Annual Securities Report
Period: Apr 2017 – Mar 2018
EDINETAmended
2023-06-09
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2023-06-09
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2023-06-09
Amended Annual Securities Report
Period: Apr 2018 – Mar 2019
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINETAmended
2022-05-31
Amended Annual Securities Report
EDINETAmended
2022-05-31
Amended Annual Securities Report
EDINETAmended
2022-05-31
Amended Annual Securities Report
EDINETAmended
2022-05-31
Amended Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
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