October 2026
Largest PE & VC Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
SoftBank Group, Next Generation Technology Group, Jafco Group, Integral and Creal.
 | SoftBank Group is a Tokyo-listed technology investment and telecommunications holding company founded in 1981. Its assets include a controlling interest in semiconductor designer Arm, ownership positions in Japanese telecommunications and internet businesses, and a global portfolio of public and private technology companies. SoftBank also sponsors the Vision Funds, which invest large pools of capital in growth-stage companies across artificial intelligence, software, consumer internet, mobility and related sectors. The group earns operating revenue from consolidated businesses and investment returns through asset management, equity ownership and disposals. In September 2021 SoftBank Vision Fund 2 led Sorare’s USD 680 million Series B financing, which valued the fantasy-sports company at USD 4.3 billion. The live Sorare round already names SoftBank Group as lead investor; the Aldea correction only adds the missing participating investor and aligns the date with Sorare’s official announcement. | $29 | -33% | $166B | $321B | 6.5x | 49.1x | ||
| Next Generation Technology Group Inc is involved in the acquisition of manufacturing and manufacturing-related companies and management support for the acquired companies. its mission is to prevent the loss of each company's technology and skills and pass them on to the next generation. | $151 | +165% | $1.3B | $1.4B | 14.6x | 47.5x | ||
| JAFCO is a Japanese venture capital and buyout investment firm headquartered at Toranomon Hills Mori Tower in Tokyo, established in April 1973 and listed on the Prime Market of the Tokyo Stock Exchange. It operates in two investment domains: venture investment, which backs start-ups through management involvement, and buyout investment, which applies a growth-oriented approach to companies seeking a second start. The firm earns its income from managing investment funds and from gains on its own investments. JAFCO reports 4,254 investments to date, 1,043 initial public offerings among its portfolio companies and cumulative funds under management of JPY 1.2 trillion as of the end of September 2026. Paid-in capital is JPY 33,251 million and the non-consolidated headcount was 133 at the end of March 2026. The company is led by president and chief executive Keisuke Miyoshi, and it participated in the 2026 extension of the Series F round of laser maker Spectronix. | $14 | -11% | $741M | $85M | 0.6x | 2.4x | ||
| Integral Corp is engaged in equity investment and management and financial consulting related to equity investment activities. Its business includes PE investment and Real estate investment business. | $18 | -20% | $606M | $446M | 7.6x | - | ||
| CREAL is a real-estate financial technology company founded in 2011 and based in Japan. CREAL operates an asset management platform that leverages DX to deliver self-structured investment products to a broad range of investors. CREAL is core growth driver, aiming to democratize real estate investment. The company serves business and institutional customers and individual consumers through products and services in the real-estate financial technology market. Its commercial model is built primarily on transaction commissions and investment-management fees, reflecting the way customers obtain and use its offering. JIC Venture Growth Investments classifies the business in its After Market portfolio and records December 2025 for the company. The company maintains its operating website at corp.creal.jp, while JIC VGI's portfolio materials preserve the public record of the investment relationship. | $3 | -56% | $101M | $79M | 0.3x | 4.4x | ||
| Alpha Corp is a Japanese auto parts manufacturer. The company manufactures and sells automobile parts such as key sets and outside/inside handles. Alpha also produces other parts used in vehicles such as door locks, keyless entry products, padlock, and locker system for residential and industrial users. It operates Automobile Parts Business geographically through regions including Japan, North America, Asia, and Europe, while it also operates security equipment business through Japan and Overseas. It derives the majority of the revenue from Automobile Parts Business in Asia. | $8 | +1% | $73M | $146M | 0.3x | 3.9x | ||
| Gunosy Inc is a Japanese company that provides information curation applications on mobiles. | $2 | -42% | $46M | $25M | 0.6x | 11.6x | ||
| Fundinno Inc is in the operation and management of a private equity platform and related businesses. | $1 | -- | $36M | $10M | 1.4x | (1.3x) | ||
| FISCO Ltd is engaged in providing investment support service for asset management. The services offered by the company include market research, information and tools for individual investors, investor relation support service, and perception study. Its segments include: Information service business, providing corporate information, financial information, and cryptocurrency information for corporations and individuals; Advertising agency business involve Advertising agency business, planning, editing, production and publication of advertising publications; sales promotion items; Cryptocurrency Blockchain Business involving Cryptocurrency investment business, Blockchain business; and Other includes Investment banking business. | $1 | -40% | $24M | $23M | 4.3x | (277.1x) | ||
| Fund Creation Group Co Ltd operates a variety of businesses, with asset management business and investment bank business as its core businesses. It aims for the organic development of each business by making full use of its high expertise. | $0 | -17% | $19M | $44M | 1.2x | 12.4x | ||
| Median | $5 | -20% | $87M | $82M | 1.3x | 4.4x |
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