For investees of strategic investments, we not only support them as shareholders, but also manage projects together as partners and support their growth.

IPO: Dec. 22, 2021 TSE Mothers [9522]　
　
Business:
■Renewable energy power generation related business
■“Renewable Japan Energy Infrastructure Fund, Inc.”, the REIT listed on the TSE, is managed by one of group companies of the Company.

Our investment and support:
■We invested in the Company ("RJ") in Aug. 2015.
■We invested in 23 projects those developed by RJ to support their project development.
■We sold several projects to “Renewable Japan Energy Infrastructure Fund, Inc.” to support IPO of the REIT.
■We support RJ when they sell projects to increase their profits. We developed potential buyer of the projects and built a scheme to sell them.
■We support RJ to raise corporate loans from banks.

　
　
　
Business:
■ Mega solar power generation related business
■Smart city related business for public facilities and industrial facilities
■Residential solar power generation related business

Our investment and support:
■We first invested in the Company ("SMS") in May. 2017
■We invested in 8 projects those developed by SMS to support their project development.
■We support SMS to raise corporate loans from banks.
■We arranged non-recourse loan from financial institutions to projects those SMS developed.
■We ordered project management service from SMS in 2 projects those developed by ourselves.

Business:
■Development, planning, construction and sales of vegetable factories

Our investment and support:
■We built a vegetable plant with the Company ("Morihisa") and started its operation in Mar. 2019.
■We first invested in Morihisa in Jun.2019.
■We support Morihisa to raise corporate loans from banks.
■We support Morihisa to develop customers such as major convenience chain store etc.

Morihisa transferred operation of vegetable factories to Morvel Farm in Oct.2022.

Business:
■Operation of vegetable factories
■Production of high-end vegetables under the brand name “Morvel”.

Our investment and support:
■We invested in Morvel Farm in Aug. 2020 when it was established as a subsidiary of Morihisa Engineering Co., Ltd (Morihisa).
■Morihisa transferred operation of vegetable factories to Morvel Farm in Oct.2022.

Business:
Operating group homes for persons with disabilities throughout Japan

　
Our investment and support:
■We first invested the Company ("Social Inclu") in Jul. 2019.
■We started group home projects in Oct. 2019.
■We arranged non-recourse loan from financial institutions to goup homes those Social Inclu will operate.
■We divested the Company through M&A in Nov. 2022.

　
　
Business：
■Development and sales of strawberry cultivation system
■Agriculture business support consulting services, etc.
　
Our investment and support:
■We invested in the Company ("MD-Farm") in Dec. 2019.
■We support MD-Farm to raise corporate loans from banks.
■We support MD-Farm to develop potential investors to raise funds by equity finance.
■We support MD-Farm to develop potential customers such as luxury grocery store etc.

　
　
Business:
Development of distribution centers (logistics facilities), finance, formulation of management plan, asset management
　
Our investment and support:
■We invested 2 projects developed by the Company ("KIC") in Dec 2019.
■We invested in KIC in Mar. 2020.
■We support KIC to raise non-recourse loan to projects they developed.
■We support KIC to develop potential tenant companies of their logistic warehouses.

Business:
Management consulting for religious corporations
Management consulting for cemeteries, ossuaries, etc.
　
Our investment:
■We invested in 366 in Aug. 2022.

Business:
Electric Assisted Bicycle Subscription Service "NORUDE"
　
Our investment:
■We invested in Electric Assisted Bicycle in Aug. 2022.
■We invested in cycloop in Sep. 2022.