NAMICS

The firm deploys capital entirely from the corporate balance sheet of the underlying electronics-materials manufacturer. There is no outside limited-partner capital, which allows NAMICS to hold positions indefinitely without redemption pressure. This structure dates to the company's third strategic pivot, when it exited commoditized product lines and concentrated retained earnings into advanced-material R&D and venture bets.

"Small but Global" is Toshinobu Odajima's public operating philosophy: he rejects the idea of scaling NAMICS into a large enterprise and instead mandates focus on proprietary electrochemical technology. For the venture portfolio, this means a concentration in sectors — semiconductor packaging, conductive films, MO-technology pastes — where the parent company's laboratories provide genuine technical due-diligence advantages.

Yes, though they sit on the corporate balance sheet rather than in separate fund structures. The company runs a smart-agriculture pilot in Niigata that applies cleanroom process controls to greenhouse cultivation, operates Ebigase Nursery School Amic, and holds industrial real estate including the Tsukioka Plant and NAMICS Techno Core. None of these are offered to external limited partners.

The firm's most visible commercial relationships are with ASE Technology Holding and Intel. ASE named NAMICS a Best Supplier Award winner in May 2025, and Intel followed with an EPIC Supplier Award in March 2026. These relationships influence the venture book because NAMICS often receives early insight into next-generation packaging requirements that inform its investment pipeline.

It functions as both. Toshinobu Odajima is a member of the founding Odajima family and serves as President and Representative Director, making this a family-controlled corporation. The investment activity blends corporate venture characteristics — strategic alignment with the parent's manufacturing roadmap — with the indefinite-hold posture typical of single-family offices that do not manage outside capital.

The venture portfolio covers Japan, mainland China, Taiwan, the United States, South Korea, and Europe. Sales operations in Singapore support the broader Asian pipeline. The company self-reports that overseas sales exceeded 80% of revenue as early as 2017, driven largely by semiconductor-packaging demand in East Asia.

The firm has secured Science Based Targets initiative certification for greenhouse-gas reduction and installed solar generation at its Niigata headquarters. Its venture stance is sector-driven rather than formally labeled as impact investing: renewable-energy applications fall within its "Environment" and "Energy" growth fields, defined internally under the SEEDS development framework.