Ridilover Produces and Issues Annual Report Summarizing the 3rd Term Initiatives of "Commons Impact Fund ~Co-creation~", Targeting Domestic Listed Stocks.
Ridilover has produced and issued an Annual Report detailing the 3rd term initiatives of the "Commons Impact Fund ~Co-creation~," an impact fund for institutional investors targeting domestic listed stocks. The fund, now managing approximately 20 billion yen, collaborates with Kampo Life and Commons Investment to internalize external diseconomies and foster an impact-driven ecosystem, including supporting Impact IPOs. The report highlights the growing importance of impact investing in Japan and features case studies on investee companies like Toray Carbon Magic and Yukalia, alongside details on the fund's donation program.
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- 📰 Published: April 2, 2026 at 00:34
- 🔍 Collected: April 1, 2026 at 16:47
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"Commons Impact Fund ~Co-creation~" is an impact fund for institutional investors targeting domestic listed stocks. Ridilover Inc. (Headquarters: Bunkyo Ward, Tokyo; Representative Director: Toshiki Abe; hereinafter "Ridilover") measures and evaluates the social impact of its investee companies. Ridilover has produced and issued an Annual Report summarizing the fund's 3rd term initiatives.
▼Annual Report 2024~2025
https://ridilover.jp/wp-content/uploads/2026/04/commons_impact_fund_annual_report.pdf
This fund embodies a new approach to finance aimed at "internalizing external diseconomies," where Kampo Life Insurance Co., Ltd. (Headquarters: Chiyoda Ward, Tokyo; Director and President: Kunio Tanimura; hereinafter "Kampo Life"), the asset owner, expresses its vision for an ideal society. Commons Investment Management Co., Ltd. (Headquarters: Chiyoda Ward, Tokyo; President and Representative Director: Tetsuro Ii; hereinafter "Commons Investment") selects investee companies, and Ridilover monitors progress in non-financial aspects beyond operational performance.
The assets under management, which were 10 billion yen at the start of operations, have now grown to approximately 20 billion yen, making it the largest impact fund targeting domestic listed stocks. Furthermore, multiple instances of supporting Impact IPOs through participation in cornerstone investments have been achieved, expanding and deepening efforts towards building an ecosystem originating from impact in the listed market.
Interest in impact investing within Japan continues to grow, and the importance of impact investing targeting listed stocks is increasingly recognized. However, challenges remain in the practice of Impact Measurement and Management (IMM), such as establishing evaluation methodologies and visualizing the connection with corporate value improvement. This report focuses on companies that achieve corporate management where impact creation and business growth are mutually linked, introducing perspectives required by both management and investors, illustrated with case studies.
**Featured Content Introduction**
**Site Visit to Investee Company: Toray Industries, Inc.**
A site visit was conducted at Toray Carbon Magic Co., Ltd., a subsidiary of Toray Industries, Inc., one of the fund's investees. Based on the factory tour at their Yonehara headquarters, we analyzed the company's business activities and its potential competitive advantages for impact creation. Furthermore, to demonstrate how their business activities contribute to solving fundamental social issues, the impact report includes a "structured map" that organizes the overall structure of the challenges the company addresses, in addition to a logic model.
**Dialogue with Investee Company on Impact IPO through Cornerstone Investment: Yukalia Co., Ltd.**
A roundtable discussion is featured, involving Mr. Misawa, President and Representative Director of Yukalia Co., Ltd. (one of the fund's investees, which was newly listed on the Tokyo Stock Exchange Growth Market in December 2024), Mr. Ii, President and Representative Director of Commons Investment, and Mr. Abe, Representative Director of Ridilover. The discussion covers how to increase supporters for expanding business activities intended to create impact, and introduces the benefits of IMM and Impact IPOs, illustrated with case studies.
**Donation Program "Komorebi"**
This fund operates a program that makes donations to non-profit organizations and other entities working on issues that cannot be solved by impact investment alone. It reports on the activities of the General Incorporated Association Choy Furu, which received a donation last year, and introduces the General Incorporated Association El Sistema Japan, selected as this year's recipient for the third time.
▼Annual Report 2024~2025
https://ridilover.jp/wp-content/uploads/2026/04/commons_impact_fund_annual_report.pdf
**Ridilover Actively Hiring!**
Ridilover is currently accelerating the promotion of impact-related businesses, starting with the initiatives mentioned above.
(Specific examples)
・Consideration and execution of new funding schemes to enable impact-first financing.
・Formulation of ToC for impact funds and IMM implementation in listed and unlisted markets.
・Support for planning and roadmap development of impact management, primarily targeting large corporations.
・Operation of acceleration programs for impact startups and social entrepreneurs aiming for zebra companies.
・New project proposals related to the above and external communication.
Those interested in these initiatives can find more details at the following URL:
https://en-ambi.com/job/j-14087830/
**What is Ridilover?**
Ridilover was founded in 2009 with the philosophy of "Breaking down societal indifference" and was later incorporated. Currently, in addition to educational travel, corporate training, and media/community businesses, it also engages in business development and policy planning that allocates resources towards solving social issues. For over 15 years since its founding, it has handled more than 400 types of social issues across its various businesses.
▼Annual Report 2024~2025
https://ridilover.jp/wp-content/uploads/2026/04/commons_impact_fund_annual_report.pdf
This fund embodies a new approach to finance aimed at "internalizing external diseconomies," where Kampo Life Insurance Co., Ltd. (Headquarters: Chiyoda Ward, Tokyo; Director and President: Kunio Tanimura; hereinafter "Kampo Life"), the asset owner, expresses its vision for an ideal society. Commons Investment Management Co., Ltd. (Headquarters: Chiyoda Ward, Tokyo; President and Representative Director: Tetsuro Ii; hereinafter "Commons Investment") selects investee companies, and Ridilover monitors progress in non-financial aspects beyond operational performance.
The assets under management, which were 10 billion yen at the start of operations, have now grown to approximately 20 billion yen, making it the largest impact fund targeting domestic listed stocks. Furthermore, multiple instances of supporting Impact IPOs through participation in cornerstone investments have been achieved, expanding and deepening efforts towards building an ecosystem originating from impact in the listed market.
Interest in impact investing within Japan continues to grow, and the importance of impact investing targeting listed stocks is increasingly recognized. However, challenges remain in the practice of Impact Measurement and Management (IMM), such as establishing evaluation methodologies and visualizing the connection with corporate value improvement. This report focuses on companies that achieve corporate management where impact creation and business growth are mutually linked, introducing perspectives required by both management and investors, illustrated with case studies.
**Featured Content Introduction**
**Site Visit to Investee Company: Toray Industries, Inc.**
A site visit was conducted at Toray Carbon Magic Co., Ltd., a subsidiary of Toray Industries, Inc., one of the fund's investees. Based on the factory tour at their Yonehara headquarters, we analyzed the company's business activities and its potential competitive advantages for impact creation. Furthermore, to demonstrate how their business activities contribute to solving fundamental social issues, the impact report includes a "structured map" that organizes the overall structure of the challenges the company addresses, in addition to a logic model.
**Dialogue with Investee Company on Impact IPO through Cornerstone Investment: Yukalia Co., Ltd.**
A roundtable discussion is featured, involving Mr. Misawa, President and Representative Director of Yukalia Co., Ltd. (one of the fund's investees, which was newly listed on the Tokyo Stock Exchange Growth Market in December 2024), Mr. Ii, President and Representative Director of Commons Investment, and Mr. Abe, Representative Director of Ridilover. The discussion covers how to increase supporters for expanding business activities intended to create impact, and introduces the benefits of IMM and Impact IPOs, illustrated with case studies.
**Donation Program "Komorebi"**
This fund operates a program that makes donations to non-profit organizations and other entities working on issues that cannot be solved by impact investment alone. It reports on the activities of the General Incorporated Association Choy Furu, which received a donation last year, and introduces the General Incorporated Association El Sistema Japan, selected as this year's recipient for the third time.
▼Annual Report 2024~2025
https://ridilover.jp/wp-content/uploads/2026/04/commons_impact_fund_annual_report.pdf
**Ridilover Actively Hiring!**
Ridilover is currently accelerating the promotion of impact-related businesses, starting with the initiatives mentioned above.
(Specific examples)
・Consideration and execution of new funding schemes to enable impact-first financing.
・Formulation of ToC for impact funds and IMM implementation in listed and unlisted markets.
・Support for planning and roadmap development of impact management, primarily targeting large corporations.
・Operation of acceleration programs for impact startups and social entrepreneurs aiming for zebra companies.
・New project proposals related to the above and external communication.
Those interested in these initiatives can find more details at the following URL:
https://en-ambi.com/job/j-14087830/
**What is Ridilover?**
Ridilover was founded in 2009 with the philosophy of "Breaking down societal indifference" and was later incorporated. Currently, in addition to educational travel, corporate training, and media/community businesses, it also engages in business development and policy planning that allocates resources towards solving social issues. For over 15 years since its founding, it has handled more than 400 types of social issues across its various businesses.