Fundraising Fox

Polaris Capital Group

Private equity

Tokyo · Growth–Late Stage

Also known as Polaris Capital Group Co., Ltd. · POLARIS CG SINGAPORE PTE. LTD.

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Investment thesis

Polaris is a Japan-focused private equity firm specializing in management buyouts, including privatizations, corporate carve-outs, and owner-business succession, alongside equity investments to enhance corporate value. It targets Japanese companies with global growth potential across four areas: technology and manufacturing with competitive patents, medical/healthcare/welfare businesses aligned with ESG and aging-related themes, IT/services/logistics firms creating new value, and consumer and retail companies with strong brands suited for global expansion. Polaris aims to expand into growth buyouts in healthcare and technology, and supports portfolio companies' business model innovation via digital transformation and ESG. It maintains an Osaka office covering the Kansai region and a Singapore subsidiary for overseas expansion support.

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
HQ
Tokyo, JP
Leads rounds
Leads
Instruments
Equity
Founded
2004
Private fund assets
$1.5B
Tracked investments
49

What they invest in

from 25 of 49 portfolio companies

Consumer ×8Healthtech ×8Advanced Manufacturing ×5Enterprise Software ×4FoodTech ×3Impact & Social Good ×3Medical Devices ×3New Materials ×3

HQs:Japan×25France×1

Investments · 49 tracked

founders shown can be your intro path
AIMECHATEC, Ltd.ai-mech.com
Aimedic MMT CO., LTD.aimedicmmt.co.jp

A Japanese company that supplies orthopedic and musculoskeletal medical devices, including internal fixation cables and plates, artificial hip joints, artificial ligaments, absorbable bone regeneration materials, hydroxyapatite bone graft substitutes, bone disinfection equipment, and diagnostic imaging fixation tools.

HardwareHealthtechMedical Devices

Aucnet Inc.aucnet.co.jp
BAKE, Inc.bake-jp.com𝕏

BAKE Inc. is a Japanese confectionery company that manufactures and sells baked sweets through specialty retail brands such as BAKE CHEESE TART, PRESS BUTTER SAND, and RINGO, and also runs e-commerce shops and web media.

Circular EconomyConsumerDirect to ConsumerE-commerceFoodTechImpact & Social GoodTokyo, JP

Junpei Yamada(Chairman)Hidekazu Kasai(President & CEO)

Best Land.Cobest-land.co.jp
Bestland Co., Ltd.

Real estate brokerage, renovation and property management (formerly Myland Real Estate).

Clean Surface Technology Co.cst-h.com

CST株式会社 (CST Corporation) manufactures large and small mask blanks for flat panel displays (FPD/FMM), semiconductors, and packaging, along with thin-film products, handling jigs, and substrate cases.

Advanced ManufacturingHardwareNew MaterialsSemiconductorsSamukawa, JP

Shoji Inoue(代表取締役社長 (President & Representative Director))

DD Group Co., Ltd.dd-grp.com𝕏

DD Group is a Japanese holding company operating and managing food and amusement businesses (cafés, restaurants, izakaya, billiards, darts, and complex cafés) as well as hotel and real estate operations.

ConsumerTravel & HospitalityTokyo, JP

松村 厚久(代表取締役社長 CEO)斉藤 征晃(代表取締役副社長 COO)坂本 聡(取締役副社長 CFO グループ管理本部長)

Drug Elevendrugeleven.com

Drug Eleven operates a chain of drugstores and dispensing pharmacies that fill prescriptions issued by medical institutions nationwide, alongside retail products and services.

ConsumerHealthtechRetail Tech

Drug Eleven Holdings Co., Ltd

Drug store chain for pharmaceuticals, cosmetics and health products in Kyushu and Okinawa.

Eclasia HD Co., Ltd.

WELLOFF Group company offering flexible working arrangements and employee benefits; certified by Saitama Prefecture for diverse work styles.

Eclasia.Coeclasia.co.jp
Ekitan & Co., Ltd.ekitan.co.jp

Ekitan operates a travel and transportation information platform (Ekitan.com) that provides train schedules, airport access options, and travel guidance for both domestic and international visitors in Japan.

MarketplacesTravel & HospitalityTokyo, JP

Factory Japan Group Co., Ltd.factoryjapan.jp

Company operating in the health and wellness sector focused on promoting health awareness and preventive health.

HealthtechWellness & FitnessTokyo, JP

FCNT Limited

Manufactures and sells mobile devices and operates senior/health care related businesses.

FH Orthofhortho.comin

FH Ortho designs, manufactures, and distributes orthopedic medical devices such as joint implants for orthopedic surgeons and specialists.

Advanced ManufacturingHealthtechMedical Devices

GeoTechnologies Inc.geot.jpin𝕏

A Japanese company that has produced digital maps since 1994, spanning car navigation, web, enterprise, and AD/ADAS maps for autonomous driving.

Data & InfrastructureDeep TechMobility & Transportation

八剱洋一郎(代表取締役社長 (President & CEO))

HITOWA Holdings Co., Ltd.hitowa.com

HITOWA is a Japanese holding company that oversees a group of businesses, and its corporate site presents company information, a corporate history timeline, group identity, DX initiatives, and its group companies.

ConsumerHealthtechSector AgnosticJapan, JP

HIVIC Co., Ltd.hivic.co.jp

A Japanese company operating administrative, sales, and CAD offices along with branch sales locations across the Saitama and Tokyo areas, with what appears to be a construction/engineering-related operation given its CAD room and construction division.

Advanced ManufacturingConstruction TechNew MaterialsSaitama, JP

澤辺 正人(代表取締役社長 (President & CEO))

i-PROi-pro.com
Japan EM Solutions Limited, Inc. (JEMS)

Mobile device manufacturing and health care related business.

KAIGI Inc.kaigi-group.com
Kanto Unyu Co., Ltd.kanto-unyu.co.jp
LB Co., Ltd.elbee.jp

Elbee is a Japanese company producing beverages and chilled food products, with roots in a lactic acid bacteria drink.

ConsumerFoodTechJapan, JP

Haruhiko Hatanaka(President and Representative Director)

Lincstech Co., Ltd.lincstech.com
LYKAON Co., Ltd.face-lykaon.com
NOVARESE, Inc.novarese.co.jp𝕏

Investor relations site of On the Page Inc. (formerly Escrit), a publicly listed Japanese company.

ConsumerJapan, JP

O-net, Inc.onet.co.jp𝕏

O-net (Onet) operates a marriage matchmaking and dating service in Japan, connecting members seeking life partners and marriage.

B2B MarketplacesConsumerMarketplacesSocial

OSferion Biomaterials Corp.

Manufactures and sells artificial bones, metal plates for HTO and related orthopedic products in Japan.

Qsai Co., Ltd.kyusai.co.jp
SFP Dining Co., Ltd.sfpdining.jpacquired by Create Restaurants Holdings

SFP Holdings is a Japanese restaurant company that merged with Create Restaurants Holdings in July 2026.

FoodTech

Showa Yakuhin Kako Co.gc-showayakuhin.com

GC Showa Yakuhin is a dental care company specializing in oral healthcare products and solutions.

HealthtechMedical Devices

Smile Corp.smilecorp.co.jp
Social Inclu Co., Ltd.socialinclu.co.jp

Social Inclu K.K. operates group homes for people with disabilities in Japan under the country's disability welfare services framework.

HealthtechImpact & Social GoodSocialWellness & FitnessTokyo, JP

松下 展千(代表取締役社長 (Representative Director & President))

Socie World Co., Ltd.socie.jp

Socie is an aesthetic salon offering customized beauty and skincare treatments using premium international skincare brands, positioned in high-end retail locations including department stores and hotels.

ConsumerWellness & FitnessTokyo, JP

SOFTBRAIN Co., Ltd.softbrain.co.jp

Softbrain develops CRM/SFA (Customer Relationship Management/Sales Force Automation) software, specifically its flagship product esm (eSalesManager), which helps businesses improve sales productivity and customer engagement.

Enterprise SoftwareSaaSSales TechTokyo, JP

Stockmark Inc.stockmark.co.jpin

Stockmark is a Japanese company that develops large language models and AI-based products, offering both an AI PaaS platform and AI SaaS applications for businesses.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS

Tatsu Hayashi(代表取締役CEO (Representative Director & CEO))Kosuke Arima(取締役CTO (Director & CTO))

Taiko Paper Manufacturing Co., Ltd.tk-paper.co.jp

Taiko Paper manufactures specialty kraft papers and industrial papers for agricultural, chemical, food packaging, and electronics applications, with a focus on unbleached kraft paper production.

Advanced ManufacturingNew MaterialsFuji, JP

Top Tour Corporationtobutoptours.jp𝕏

Tobu Top Tours is a Japanese travel agency offering domestic and international package tours, hotels, and travel-related information and guides.

Travel & HospitalityTokyo, JP

VOYAGE GROUP, Inc.voyagegroup.com𝕏

CARTA Holdings is a holding company that develops diverse digital services and content to drive corporate and industry evolution.

Enterprise SoftwareSector AgnosticTokyo, JP

Welbe, Inc.welbe.co.jp

Welbe, Inc. provides employment support (就労支援) services for people with disabilities, helping them gain skills and connect with work opportunities.

Future of WorkHealthtechHR TechImpact & Social Good

Hideyuki Nakazato(代表取締役社長 (President & Representative Director))

Works Applications Co., Ltd.worksap.co.jpin𝕏

Works Applications develops ERP software packages optimized for Japanese companies and their business practices, serving enterprises with financial and operational management needs.

AI & Machine LearningCloud ComputingEnterprise SoftwareHR TechSaaSTokyo, JP

Exits · 1

IPOs and acquisitions across the tracked portfolio

SFP Dining Co., Ltd.acq. by Create Restaurants Holdings

Frequently asked questions

What stage does Polaris Capital Group invest at?
Polaris Capital Group invests at the Growth, Late Stage stages.
What sectors does Polaris Capital Group focus on?
Polaris Capital Group focuses on Advanced Manufacturing, Consumer, Deep Tech, Healthtech, Logistics & Supply Chain, Retail Tech, Sector Agnostic.
Where is Polaris Capital Group located?
Polaris Capital Group is headquartered in Tokyo, JP.
Does Polaris Capital Group lead rounds?
Yes, Polaris Capital Group leads investment rounds.

Images

Polaris Capital Group photo

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