JAFCO Co., Ltd. has announced that its board of directors approved a resolution at the board meeting held January 20, 2017, to change its executives as below: As of March 1, 2017, Tsunenori Kano will resign as Director in charge of Structured Investment. Mr. Kano will become Managing Adviser to the company. The company appointed Ko Minamikurosawa as Corporate Officer in charge of Structured Investment and General Manager of Structured Investment Division from current position, General Manager of Structured Investment Division. Sueko Matsumoto as Corporate Officer in charge of Administration and Fund Management from current position, Principal of Fund Management Group, Fund Management Division. In mid-June 2017, Nobuyuki Hata to resign as Independent Director serving as Board-Audit Committee Member. Nominee for new director: Independent Director serving as Board-Audit Committee Member, Shigeru Tamura, currently outside corporate auditor of MEDIA DO Co., Ltd. and outside corporate auditor of SAN HOLDINGS, INC.
JAFCO Group Co Ltd, formerly JAFCO Co Ltd, is a Japan-based company engaged in venture investment and buyout investment business through fund management. The Company operates Fund Management business segment. The Funds are recruited from institutional investors and operating companies about once every three years. The Company also invests its own funds in all funds and commits itself to improving fund performance. The main sources of revenue are capital gains through fund investments, fund management fees, and performance fees. The Company operates business in Japan, the United States, Asia and other countries.