We seek to generate absolute returns by employing an Activist investment strategy among Japanese listed equities.
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Strategic Capital, Inc.

Top Performing Hedge Fund in 2019
MO Building 6F, 3-14-15, Higashi, Shibuya-ku, Tokyo, JAPAN 150-0011

Team Profile

Tsuyoshi Maruki

Tsuyoshi Maruki
(President & CEO)     

Tsuyoshi started his career with Nomura Securities where he underwrote hundreds of deals for Japanese companies and government agencies; led IPOs for the privatization of national companies; advised government agencies on injecting funds into Japanese banks; and was responsible for the tender offering of a Japanese listed subsidiary of a US company.
In 1999, he helped launch M&A Consulting (later called MAC Asset Management) where he was Head of Investment Management for the first activist fund in Japan.
In 2012, he founded Strategic Capital as both president & CEO and subsequently launched the Japan Up activist strategy fund in December of that year.
Tsuyoshi holds a B.A. in Law from Tokyo University.
ICGN Member. 

Dan Kato

Dan Kato
(Senior Managing Director)

Dan Kato started his career with Norinchukin Bank where he invested across a broad set of asset classes and was responsible for establishing and managing the firm’s alternate assets portfolio.
In 2004, he joined M&A Consulting as part of the investing team followed by a role as an investment manager at Aetos Japan where he invested in real estate related public investments.
In 2012, he helped found Strategic Capital where he is a key contributor on all investment decisions on the fund.
Dan Kato has a B.A. from Tokyo University and M.B.A. from the UCLA Anderson Business School.

Shinichi Nakashio

Shinichi Nakashio
(Outside Director)

Mr. Nakashio joined the Shinko Audit Corporation (formerly Chuo Shinko Audit Corp) in 1987 after starting his career in the apparel industry. He later joined Toyo Audit Corp in 1992.
During his career he focused primarily on auditing of schools and public interest corporations as well as on the Financial Instruments and Exchange Law and corporate law. He also provided advice on M&A and corporate reorganizations.
In 2015, he joined Strategic Capital as the external corporate auditor. Upon retiring from chairman of Toyo, he assumed the role of outside director for the company.
Mr. Nakashio has a B.A. in Economics from Keio University.

Tak Yamashita, CFA

Tak Yamashita, CFA
(Director Investor Relations)

Tak worked at Toronto Dominion Bank in Toronto, Canada within the asset management team and was responsible for managing the fund of funds products for the division.
In 2014, he moved to Japan with Russell Investments providing manager research on Japanese equity managers before joining Strategic Capital in 2019 to cover investor relations.
Tak has a B.B.A from Schulich School of Business, York University, Canada. He is a Chartered Financial Analyst and is also an FRM.

Satoru Matsuhashi

Satoru Matsuhashi
(Chief Analyst)

Satoru started his career at Nippon Life Insurance (Nissay) where he worked as a Japanese equity analyst as well as trading, security lending and the exercise of voting rights of the companies. He later moved to London with Nissay where he was a PM responsible for European equities.
In 2018, he moved back to Tokyo to join Strategic Capital as the chief analyst for the investment team.
Satoru has a B.A. from Waseda University and Master in Finance from the London Business School. He is a level III candidate in the CFA program.

Tak Yamashita, CFA

Ei Nagaoka

Ei Nagaoka started his career at the investment banking division of Goldman Sachs in Tokyo as an M&A advisor. He also engaged in client coverage mainly for the healthcare and the gaming industry.
In 2020, he joined Strategic Capital as the analyst for its investment team.
Ei has a B.A. from Hitotsubashi University.

Kiyoshige Ichikawa
(Chief compliance officer)

Kiyoshige joined Shin Nippon Securities (currently Mizuho Securities) subsequently moving to a subsidiary to take responsibility for compliance in 1997.
From 2006 to 2014 he was responsible for compliance on Investment Trusts, REITs and pension products across multiple firms including Rakuten Investment Management.
In 2014, he joined Strategic Capital as director internal audit and chief compliance officer.
In 2020, his term as Director of Strategic Capital ended.
Kiyoshige has a B.Sc. from Waseda University.

Jun Mamiya
(Statutory Auditor)

Mr. Mamiya completed the Supreme Court of Japan’s Legal Research and Training Institute in 1988 after which he primarily focused on corporate legal affairs including corporate governance and financing.
In 2008, he started his own law practice which he later merged with the Japanese arm of Squire Patton Boggs (named Squire Foreign Law Joint Business Law firm) to serve as partner. He covered a broad range including M&A, corporate restructuring, compliance, joint ventures, franchising, intellectual property rights, labor, investment funds, private equity and capital markets, international leasing, loans as well as litigation, international arbitration and other forms of dispute resolutions.
Mr. Mamiya has a law degree from Kyushu University.