# Nippon Sangyo Suishin Kiko

Nippon Sangyo Suishin Kiko is a Private Equity based in Atago, Minato-Ku Tokyo, Japan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Atago, Minato-Ku Tokyo, Japan
- **Region:** Asia
- **Address:** Tokyo, Japan
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.nsskjapan.com
- **LinkedIn:** https://www.linkedin.com/company/nssk-%e6%97%a5%e6%9c%ac%e7%94%a3%e6%a5%ad%e6%8e%a8%e9%80%b2%e6%a9%9f%e6%a7%8b

## Regulatory record

- **CRD number:** 340624
- **SEC file number:** 802-135481
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/340624

## About

Nippon Sangyo Suishin Kiko Group (NSSK) is a group established by professionals who for over 30 years conducted investment activities and support for investee companies at major global firms, with supporting Japanese companies as a key purpose. It aims to enhance corporate and shareholder value by applying investment and management-support know-how cultivated on the global stage to attractive Japanese companies with high potential. Since its founding in 2014 it has invested in and supported 36 companies. Its mission is to build a No.1 investment management firm and contribute to environmental, social, and corporate governance in Japan and the world.

## Sectors

- Education
- Healthcare Services
- Manufacturing
- Real Estate
- Business Services
- Consumer

## People

- Jun Tsusaka — Representative Director and President
- Akio Ishida — Vice Chairman, Senior Partner, Senior Managing Director
- Kazuaki Tokuyama — Senior Partner, Senior Managing Director
- Ryoji Kanamori — Partner, Managing Director, Co-Head of Investment Team
- Makoto Iwami — Partner, Managing Director, Co-Head of Investment Team
- Shohei Akiyama — Partner, Managing Director, Head of NVP/Administration & Business Support, Management Committee Member
- Yasuhiko Matsunaga — Partner, Managing Director, Management Committee Member

## Questions

### Who runs investment decisions at NSSK?

Jun Tsusaka, the founder and representative director, leads the firm as president and ESG committee chair. Two partners serve as co-heads of investment: Ryoji Kanamori, who joined from Yahoo Japan and JPMorgan, and Makoto Iwami, a former PwC M&A advisor. Final decisions sit with a management committee that includes Tsusaka, Ishida, Tokuyama, Akiyama and Matsunaga.

### How does NSSK source proprietary deal flow?

NSSK runs a dedicated origination team led by two directors, Yumi Kimura and Yoshiyasu Tominaga, both career investment bankers. The firm targets succession-driven sales — founder-owned companies with no internal successor — which rarely go to broad auction. Its regional impact funds in the Chubu and Hokuriku areas provide additional off-market access to small manufacturers and service businesses in Japan's industrial heartland.

### Does NSSK participate in fund commitments or only direct deals?

NSSK does only direct control investments. It has not been a fund-of-funds allocator or a limited partner in other sponsors' vehicles. Each fund series — NSSK I through IV plus two regional impact funds — makes direct equity investments into operating companies.

### What investment stages does NSSK typically target?

The firm targets mature, cash-flowing businesses — not startups or early-stage companies. Its stated strategy covers buyout, growth, recapitalization, turnaround and succession situations. Portfolio company profiles confirm it buys businesses with decades of operating history and established market positions, leaving them in place and installing operational support.

### How does NSSK structure its post-acquisition value creation?

NSSK deploys an in-house operating group called NVP, staffed with former operators from companies including Recruit, McKinsey, GE Plastics, Siemens Japan and Seven-Eleven Japan. They embed in portfolio companies to run procurement improvement, sales-force restructuring and management-accounting builds — an integrated approach that gives NSSK heavier operational capacity than the typical mid-market shop.

### How is NSSK's regional impact fund activity structured?

NSSK manages two regional impact funds — one focused on Chubu/Hokuriku and another designated as the RIF (Regional Impact Fund). These vehicles target smaller companies in provincial Japan that fall below the size threshold of the main funds. Yasuhiko Matsunaga, a former Mizuho and Tokai Tokyo executive, leads the regional and impact fund team.

## Related profiles

- [Nippon Mirai Capital](https://altss.com/profile/nippon-mirai-capital)
- [Nippon Technology Venture Partners](https://altss.com/profile/nippon-technology-venture-partners)

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Last updated: 2026-08-11T15:07:34.613Z

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