Jafco completes Asia Pacific unit sale, shifts focus to domestic market

Jafco Group Co., Ltd. confirmed the completion of the share transfer for JAFCO Investment (Asia Pacific) Ltd (JIAP) to Bee Alternatives Management Ltd. on October 31, 2025. This follows initial agreements announced on April 23, 2025, with the transfer occurring after receiving necessary regulatory approvals, despite an initial delay due to a system issue with Singapore's Accounting and Corporate Regulatory Authority (ACRA). As a result, JIAP and its subsidiaries will be deconsolidated from Jafco Group.

The transaction is expected to generate approximately JPY 1.8 billion in extraordinary income from the sale of subsidiary shares in Jafco’s consolidated financial statements for the fiscal year ending March 31, 2026. Additionally, Jafco anticipates approximately JPY 2.5 billion in non-operating income from dividend income and extraordinary income from the sale of subsidiary shares in its non-consolidated financial statements for the same fiscal year. Jafco will retain its investment in funds operated by JIAP.

Following the transfer, Yoshiyuki Shibusawa has stepped down as JIAP's chief executive, succeeded by Carmen Yuen Kar Wai. JIAP plans to rename itself JIF Capital Ltd by the end of December 2025. Procedures for transferring JAFCO America Ventures Inc. (ICON Ventures) are also underway, expected by the end of the fiscal year ending March 31, 2026, with Jafco retaining its fund interests.