CAS Capital
Private equityTokyo · Growth–Late Stage · 24 people tracked
Also known as CAS Capital, Inc.
Investment thesis
CAS Capital invests in mid-sized Japanese companies, taking controlling or significant stakes and supporting management to strengthen and grow the businesses. It operates through a series of private equity funds (including recently closed Fund No.8 with total commitments of 20 billion yen) and has been active across sectors such as veterinary/animal healthcare, medical management support, and industrial businesses. The firm focuses on building strong companies within Japan.
Source: firm website, verified Aug 3, 2026.
Team · 24 people
from the firm's websiteWhat they invest in
from 6 of 11 portfolio companiesAdvanced Manufacturing ×4Hardware ×4Construction Tech ×2EdTech ×1FoodTech ×1Retail Tech ×1Robotics ×1
HQs:Japan×6
Investments · 11 tracked
founders shown can be your intro pathEquipment rental wholesaler supplying rental companies, acquired by CAS Capital via share transfer in 2017.
Parent company of Japan Animal Specialty Medical Institute and related veterinary businesses, previously held by CAS Capital Fund VII.
Cosmo Denzai is a retailer of electrical installation materials such as wiring, conduits, distribution panels, tools, air conditioners, ventilation fans, and lighting fixtures.
Construction TechHardwareRetail TechOnojō, JP
Fuji Techno designs, develops, and manufactures various pumps (including pulseless metering pumps and rotary pumps) and pump system products.
Advanced ManufacturingHardwareTokyo, JP
Hanamaru Group operates an education platform offering tutoring, music, sports, and enrichment programs for children, with a focus on developing thinking skills, language abilities, and outdoor experiences.
EdTech
Marukin Co., Ltd is a Japanese confectionery manufacturer that produces and sells baumkuchen, petit cakes, muffin cakes, and donuts.
Advanced ManufacturingFoodTechToyohashi, JP
N-Pat (エヌパット株式会社) manufactures and sells construction anchoring products, including post-installed metal and adhesive anchors, inserts, seismic-resistance frames, and steel-joint systems, and also provides seismic diagnosis and rebar fabrication services.
Advanced ManufacturingConstruction TechHardwareOsaka, JP
生野 真(代表取締役 (Representative Director))
A manufacturer of machinery and equipment that develops technology and solutions to improve productivity at customers' production sites and add value to their products.
Advanced ManufacturingHardwareRobotics
椿本 武志(代表取締役社長 (President & CEO))
Exits · 1
IPOs and acquisitions across the tracked portfolioACT-ONE Yamaichiacq. by CAS Capital
Frequently asked questions
- How many investments has CAS Capital made?
- CAS Capital has 11 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does CAS Capital invest at?
- CAS Capital invests at the Growth, Late Stage stages.
- What sectors does CAS Capital focus on?
- CAS Capital focuses on Sector Agnostic.
- Where is CAS Capital located?
- CAS Capital is headquartered in Tokyo, JP.
Images
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