M&A Financial Analysis SaaS "beluuga.ai" Launches as Independent Subsidiary -- Two Financial Professionals Participate as Individual Investors

Kujira Capital Co., Ltd. (Headquarters: Minato-ku, Tokyo) announces that the M&A financial analysis SaaS "beluuga.ai" business has been spun off into an independent subsidiary, "Beluga AI Inc." (Representative Director: Shinji Takeuchi). Additionally, Mr. Akio Katsuragi and Mr. Nobuaki Kuruya, who have held key positions in the financial and business worlds, will be investing in the new company, Beluga AI Inc. Their personal investment participation is a testament to their confidence in the product and the future potential of the business.

Financial analysis in M&A is still heavily reliant on manual reference to primary source documents and Excel work, leading to chronic long working hours. Meanwhile, recruiting and retaining junior bankers, who are responsible for this analysis, is becoming increasingly difficult each year, making standardization and efficiency of analysis quality a common industry challenge. beluuga.ai was developed to address this issue with the goal of "compressing junior bankers' work time by 95% while maintaining analysis accuracy and output quality at the level of top investment banks."

This spin-off is part of the Kujira Capital Group's strategic initiative to concentrate management resources on this business and strengthen our development and customer support systems. The introduction of external capital upon independence also serves as validation that our product and business plan are robust enough to withstand third-party evaluation.

About beluuga.ai

A company profile generated by AI based on securities reports and other disclosures, with commentary tailored for M&A contexts. Fully supports both Japanese and English, making it ready for submission to clients.

Comparable company analysis (Comps) generated in seconds through natural language conversation and AI-powered peer group suggestions. Includes calculation formulas verifiable by humans, automatic outlier detection, and automatic footnote generation.

DCF models and sensitivity analysis generated in minutes via natural language. Supports Bull/Bear cases and can export to Excel (with formulas).

beluuga.ai is an AI tool that supports M&A financial analysis operations. AI agents automatically ingest disclosure documents such as securities reports, quarterly earnings reports, and large shareholder reports, and based on natural language instructions, automatically construct key financial analyses including professional-level company profiles, comparable company analysis (Comps), WACC (Weighted Average Cost of Capital), DCF models, and LBO models in seconds to minutes. By having AI handle routine calculations and document creation, junior bankers can focus on value-added "verification and judgment."

Service Format: Cloud-based service (SaaS)

Primary Target Audience: Investment banks, securities firms, banks, independent M&A advisory firms (coverage and execution departments), investment funds, consulting firms, and corporate planning/finance departments of businesses.

Features: Automatic ingestion and classification of disclosure documents by AI, natural language analysis instructions, AI commentary and annotations on analysis results, professional-level analytical power and polished document appearance, Excel export of financial models (including formulas), full Japanese and English language support.

Akio Katsuragi

Akio Katsuragi

Former President and Representative Director, Lehman Brothers Securities Japan Inc.

Current Chairman and Representative Director, Cross Point Advisors Inc.

"A banker's true added value lies not in analytical tasks, but in the deep trust built with clients. By using beluuga.ai to efficiently handle routine analysis with AI, bankers can focus on verification, judgment, and relationship building – tasks only humans can do. This is the future I envision for the industry."

Nobuaki Kuruya

Nobuaki Kuruya

Former Deputy President and Representative Director, Sumitomo Mitsui Banking Corporation

Former Chairman and Co-CEO, CVC Capital Partners Japan

Former Representative Executive Officer, President and CEO, Toshiba Corporation

Current President and CEO, Japan Industrial Advisors Co., Ltd.

"The efficiency gains in M&A practices through AI are now unavoidable, not only for financial institutions and investment funds, but also for operating companies. I expect beluuga.ai to become a powerful support system for professionals working on the front lines."

Shinji Takeuchi, Representative Director of Beluga AI Inc., commented as follows:

"Existing AI tools have not yet met the standards required by investment banks and funds in areas such as processing Japanese disclosure documents, handling the vast number of irregular cases due to differences in accounting standards and XBRL inconsistencies, understanding the context of stock price movements, industry-specific analysis methods and notation conventions, and output quality. beluuga.ai aims to overcome these challenges and position AI utilization at the core of workflows in financial practice. We are sincerely grateful for the investments from both gentlemen, which serve as proof that we are heading in the right direction."

beluuga.ai will contribute to the advancement and efficiency of operations through the provision of AI solutions rooted in a deep understanding of M&A practices.

New Company Overview

Company Name: Beluga AI Inc.

Representative: Shinji Takeuchi, Representative Director and Product Lead

Location: Atlas Building 5F, 1-5-10 Azabu-Juban, Minato-ku, Tokyo

Business Activities: Development and provision of M&A financial analysis SaaS "beluuga.ai"

Established: June 2026

Parent Company: Kujira Capital Co., Ltd.

URL: https://beluuga.ai

Beluga AI Inc. is a consolidated subsidiary of "Kujira Capital Co., Ltd.," an AI-native private equity fund. Based on extensive practical knowledge in the investment banking and fund sectors, we develop AI services that financial professionals truly need.

Parent Company Overview

Company Name: Kujira Capital Co., Ltd.

Representative: Shinji Takeuchi, Representative Director

Location: Atlas Building 5F, 1-5-10 Azabu-Juban, Minato-ku, Tokyo

Business Activities: Operation of an AI-native buyout fund targeting mid-to-small enterprises (Special Business Operations for Qualified Institutional Investors, etc.), AI transformation support business.

Established: April 2018

URL: https://quzilla.co.jp

Inquiries Regarding This Matter

Kujira Capital Co., Ltd. Public Relations

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