ABOUT

見つける。支える。未来の望みに。

Norinchukin Capital is a private equity fund management company established by The Norinchukin Bank. By investing in start-up, growing and mature companies, Norinchukin Capital provides risk money and management support to companies in various stages, for contribution to the sustainable development of the companies, society, and the economy in Japan.

Toru Wada (CEO), Masayuki Yamamoto (COO), Osamu Morita(CSO)

MANAGEMENT
PHILOSOPHY

MANAGEMENT PHILOSOPHY

Norinchukin Capital conducts investment activities based on the following management philosophy.
“As a trusted fund manager, we will meet the expectations of investors by discovering the potential of companies and businesses and fully supporting them to realize it while contributing to social and economic development.

FEATURES

FEATURES

01 Network of Japan Agricultural Cooperatives (JA), Japan Fisheries Cooperatives (JF) and JForest which are deeply involved in food and agriculture businesses and people’s life

Norinchukin Bank is a member of JA, JF and JForest. JA Group has over 10 million members in the primary industry and operates a variety of businesses such as trading, healthcare, insurance and media.
Portfolio companies can gain access to those networks to enhance their businesses.

02 Network of Norinchukin Bank’s Investment and banking businesses

Norinchukin Bank has made a variety of investments globally including over 20 years’ PE investment experience. Portfolio companies can use Norinchukin’s networks for their business expansion in domestic and overseas markets.

03 Inter-company synergies among portfolio companies at various stages

Norinchukin Capital invests in companies at various stages of development, from startups to mature companies.
Portfolio companies can promote DI/DX and capture growth opportunities while gaining access to cutting-edge digital technology, services, and industry knowledge from the startups Norinchukin Capital has invested in.

04 Neutral shareholder backed by a high public profile

Norinchukin Capital is backed by JA Group, an organization with public mission, and is not affiliated with any particular company group which makes it possible to do investments across company groups .
After investments, Norinchukin Capital respects the identity of portfolio companies and supports their growth.

COMPANY PROFILE

COMPANY PROFILE

Name
Norinchukin Capital Co., Ltd.
Address
28F JA Building 1-3-1, Otemachi, Chiyoda-ku, Tokyo
President
Toru Wada
Established
August 10, 2021
Business
Management of Private Equity Funds
Paid-in Capital
JPY 100 mil
Shareholder
The Norinchukin Bank 100%
Number of
Employees
28 (as of July, 2023)

HISTORY

History of Norinchukin Bank’s
PE investments

1998

Norinchukin Bank
Started investments in PE funds
Invested in over 300 PE funds globally as of Dec 2021.

2004

Started Co-Investments
Invested in over 50 companies globally with external buyout funds as of Dec 2021.

2019

Started Direct Investments
Invested in 8 venture companies and 1 listed company (PIPEs). 2 companies have already gone public.

2021

Established Norinchukin Capital and Started Buyout Investments
transferred Norinchukin Bank’s investment professionals who worked on above activities.

MANAGEMENT FUND

MANAGEMENT FUND

Growth /
Buyout fund

Norinchukin Capital Ⅰ Private Equity Investment Limited Partnership
①Growth Investments ②Buyout investments
Fund Size JPY 39 bln
Industry All industries
(Mainly focused on Food & Beverage and related sector)
Region All regions in Japan
Ownership Ratio Generally within 10% Over 50%
Companies Stage Middle-Later Stage
(N-2~3 year)
Growth and Matured Stage
(Stable Cash Flow)
Investment Size
from Fund
JPY 0.5~2.5 bln JPY 1~5 bln
Holding Period 3~5 years 4~6 years

CVC fund

Norinchukin Capital Strategic Co-Creation
Fund Investment Limited Partnership
Fund Size JPY 9.7 bln
Industry Climate Tech, FinTech, AgTech, FoodTech, LifeTech
Region All
Establish May 2023
Companies Stage Seed-Early
Investment Size
from Fund
JPY 0.3~1 bln

APPROACH

ESG INITIATIVES

Norinchukin Capital has accepted The Norinchukin Bank’s Environmental Policy, Human Rights Policy and Basic Policy for Investment and Loans since establishment, and by incorporating them into its investment decision-making and monitoring processes, the Norinchukin Capital has continued to take on challenge of ESG issues through out investment activities.

In addition, Norinchukin Capital endorses and is a signatory to the Principles for Responsible Investment.

Norinchukin Capital declares to promote Responsible Investment that takes ESG issues into consideration and will continue to meet its responsibilities to all related stakeholders while contributing toward a construction of sustainable society under its corporate cultures challenging to resolve ESG issues with sincerity.

ACCESS

ACCESS

Location

1-3-1 Otemachi, Chiyoda-ku, Tokyo JA Building

Access

Directly connected to Otemachi Station

Tel

+81 03-6378-7388

FINANCIAL RESULTS /
STATUTORY DISCLOSURE

FINANCIAL
RESULTS /
STATUTORY DISCLOSURE