Ridilover Issues Annual Report Summarizing the Third Term Initiatives of "Commons Impact Fund ~Co-creation~" for Domestic Listed Stocks
Ridilover produced and issued the annual report for the third term of "Commons Impact Fund ~Co-creation~", Japan's largest impact fund targeting domestic listed stocks.
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- 📰 Published: April 2, 2026 at 00:34
The "Commons Impact Fund ~Co-creation~" is an impact fund for institutional investors targeting domestic listed stocks. Ridilover Inc. (Headquarters: Bunkyo-ku, Tokyo; Representative Director: Toshiaki Abe; hereinafter "Ridilover") is responsible for measuring and evaluating the social impact of investee companies. Ridilover has now produced and issued the annual report summarizing the fund's activities for its third term.
▼Annual Report 2024~2025
https://ridilover.jp/wp-content/uploads/2026/04/commons_impact_fund_annual_report.pdf
This fund embodies a new form of finance that aims for the "internalization of external diseconomies." It involves Kampo Life Insurance Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Director and Representative Executive Officer President: Kunio Tanigaki; hereinafter "Kampo Life") as the asset owner, Commons Asset Management Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director and President: Tetsuhiro Ii; hereinafter "Commons Asset Management") selecting investee companies, and Ridilover monitoring non-financial progress beyond investment performance, all towards realizing the ideal society expressed by Kampo Life.
The fund's assets under management, which started at 10 billion JPY, have now grown to approximately 20 billion JPY, making it the largest impact fund targeting domestic listed stocks. Additionally, multiple impact IPOs have been realized through cornerstone investment, promoting the construction of an impact-driven ecosystem in the listed market, which is expanding and deepening.
＜Overview of the Annual Report＞
Interest in impact investing in Japan continues to grow, and the importance of impact investing in listed equities is increasingly recognized. However, in the practice of Impact Measurement and Management (IMM), challenges remain, such as establishing evaluation methodologies and visualizing the connection to enhancing corporate value. This report focuses on companies that achieve business growth intertwined with impact creation, introducing perspectives required by both management and investors, accompanied by case studies.
＜Featured Content Introduction＞
On-site inspection of an investee company: Toray Corporation
We conducted an on-site inspection of Toray Carbon Magic Co., Ltd., a subsidiary of Toray Corporation and one of the fund's investee companies. Based on a factory tour at their Maibara headquarters, we analyzed the company's business activities and its potential competitive advantages for creating impact. The impact report includes a "structural map" that organizes the overall structure of the issues the company addresses, in addition to a logic model, to demonstrate how its business activities contribute to solving fundamental social problems.
Dialogue with an investee company regarding impact IPO through cornerstone investment: Yukalia Co., Ltd.
This section features a three-way discussion among Mr. Misawa, Representative Director and President of Yukalia Co., Ltd. (one of the fund's investee companies that went public on the Tokyo Stock Exchange Growth Market in December 2024 through an IPO), Mr. Ii, Representative Director and President of Commons Asset Management Inc., and Mr. Abe, Representative Director of Ridilover Inc. They discuss how to increase supporters for expanding impact-creating business activities, and the benefits of IMM and impact IPOs, illustrated with examples.
Donation Program "Komorebi"
The fund operates a donation program for non-profit organizations and others addressing issues that cannot be solved by impact investment alone. This section reports on the activities of Choifuru, a general incorporated association and last year's recipient, and introduces El Sistema Japan, a general incorporated association chosen as this year's recipient for the third term.
▼Annual Report 2024~2025
https://ridilover.jp/wp-content/uploads/2026/04/commons_impact_fund_annual_report.pdf
Ridilover is actively recruiting!
Ridilover is currently accelerating impact-related business promotion, including the initiatives mentioned above.
(Specific examples)
・Examination and execution of new funding schemes that enable impact-first capital provision.
・Formulation of Theories of Change (ToC) and implementation of IMM for impact funds in listed and unlisted markets.
・Support for planning/roadmap formulation for impact management, primarily for large corporations.
・Operation of acceleration programs for social entrepreneurs aiming to become impact startups or zebra companies.
・New project proposals related to the above, and external communication.
Those interested in these initiatives can find more details at the URL below.
https://en-ambi.com/job/j-14087830/
＜About Ridilover＞
Ridilover was founded in 2009 with the philosophy of "breaking society's indifference" and later incorporated. Currently, it operates educational travel, corporate training, and media/community businesses, as well as business development and policy-making activities that invest resources into solving social issues. For over 15 years since its establishment, it has addressed over 400 types of social issues in various projects.
Company Profile
Company Name: Ridilover Inc.
Established: 2013
Location: Iguchi Building 2F, 3-9-1 Hongo, Bunkyo-ku, Tokyo
FAQ
What is the Commons Impact Fund ~Co-creation~?
It is an impact fund for institutional investors targeting domestic listed stocks, with Ridilover responsible for measuring and evaluating its social impact.
What is the AUM of this fund?
Starting at 10 billion JPY, it has grown to approximately 20 billion JPY, making it the largest impact fund for domestic listed stocks in Japan.
What services does Ridilover provide?
Beyond educational travel, corporate training, and media/community businesses, they also engage in business development/policy-making for social issues and impact evaluation support.