(5842) Stock Price

Integral operates primarily in the private equity (PE) investment fund business. The company structures and manages funds designed to invest in unlisted companies. As a general partner (GP), Integral manages these funds, earns management fees, and provides management support to portfolio companies with the goal of enhancing their enterprise value.

In addition to PE investments, Integral invests in other asset classes including real estate and infrastructure. The company launched its real estate investment fund business in November 2024 and completed the first closing of "Integral Real Estate Fund No. 1" in January 2025. Through these efforts, Integral aims to expand its assets under management (AUM).

Integral's PE investment fund business primarily targets mid-market Japanese companies. These companies often require capital and management expertise, areas where Integral has specialized knowledge and proven track record. The company also pursues hybrid investments combining principal investments with fund investments, demonstrating long-term commitment.

Integral provides hands-on management support to portfolio companies through on-site investment professionals who directly participate in company operations to enhance enterprise value. This approach, called "i-Engine," contributes to solving challenges at portfolio companies.

Integral has the capability to address a wide range of investment opportunities. The company can meet diverse investment needs including business succession, growth acceleration, corporate restructuring, carve-outs, management buyouts (MBOs), secondary buyouts, and PIPEs. Integral also utilizes bridge financing called "i-Bridge," funded by its own capital, to enable rapid investment execution.

Integral's revenue consists of management fees, management support fees, carried interest, and returns from principal investments. Management fees are compensation for fund operations, while carried interest represents a share of fund returns. Principal investment returns are generated from investments using the company's own capital.

Integral operates PE investment funds targeting both listed and unlisted companies in Japan. As a medium to long-term growth strategy, the company launched a real estate investment fund business in November 2024 and is advancing multi-asset diversification. This new business is grounded in the philosophy of pursuing sustainable society and conducting investment activities that align with communities and regions.

Integral's management philosophy is "Trusted Investor," with the mission to advance Japanese-style corporate reform. The company supports corporate development by building strong trust between investors and management, enabling them to cooperate toward shared objectives. Particularly in challenging business environments marked by global competition and demographic shifts, Integral pursues enhanced corporate value based on trust relationships.

In its PE investment fund operations, Integral employs hybrid investments utilizing its own capital and has established a business model with diverse revenue opportunities. The company aims to expand assets under management (AUM) over the medium to long term, improving revenue growth rates and maximizing carried interest. This approach delivers sustained revenue growth.

Integral prioritizes building high-quality portfolios and deploys an investment strategy focused on mid-market companies. Leveraging its proprietary network, the company diversifies sourcing and increases deal flow through varied investment structures. In May 2024, Integral raised its fifth fund series at 250 billion yen, targeting expanded AUM.

Integral enhances corporate value at portfolio companies through "i-Engine," which provides on-site management support. The company assists mid-market enterprises in establishing and improving management functions, working to enhance fund performance. This approach supports sustained growth at portfolio companies.

Integral emphasizes strengthening human capital and pursues talent development under the concept of "One Team, Collective Wisdom." Through programs such as "Integral Dojo" and "i-Source," the company develops and retains professional talent, removing bottlenecks in investment operations.