We are investment professionals dedicated to maximizing equity valuation through fundamental enhancement of CF generation
About Us
A trusted partner in resolving the core drivers of equity valuation challenges
CGS is a team of investment professionals that supports companies in driving a long-term market capitalization growth by analyzing and proposing improvements in cash flow generation per growth
– the key driver of equity valuation.
Our mission at CGS is to drive the growth of Japanese companies’ market capitalization by delivering meaningful value through our strategic involvement.
With decades of professional experience in the equity capital markets- including global investment management, sell-side research, and corporate management – CGS is uniquely positioned to provide fundamental support for improving equity valuation.
Service
For Public Companies
01
Financial Advisory
By analyzing and addressing fundamental issues in cash flow generation capability, CGS helps develop financial and M&A strategies aimed at an expansion of equity valuation.
This service is intended for…
02
CGS Report
(Sponsored Research)
The CGS reports, centered on buy-side analysis of growth stories and valuation drivers, help enhance effective IR strategies.
This service is intended for…
Investment Business
03
CGS Fund
An engagement investment fund managed by CGS, drawing on its global investment and corporate management expertise to deliver hands-on consulting that drives fundamental improvements in portfolio companies’ cash flow generation for a long-term alpha.
Our Approach
At CGS, we believe that the most critical drivers of market capitalization growth are the long-term growth of earnings and the maximization of cash flow generation per growth – that is, valuation per 1% of profit growth.
To help achieve sustainable market capitalization growth over the long term, all of our services are built upon the following analytical approach.
Our Strengths
01
Professional Background
CGS is a team of seasoned capital market professionals with decades of experience as global institutional investors and leading sell-side analysts. Our team also bring board-level expertise, having served as outside directors and auditors at multiple publicly listed companies. We deliver authentic investor perspectives to corporate management and provide hands-on support to drive fundamental valuation growth.
02
Essential Research for Maximizing Equity Valuation
We conduct detailed analysis of cash flow generation – one of the key valuation drivers prioritized by long-term investors during investment decision-making. By identifying core corporate challenges and proposing actionable solutions, we help companies unlock sustainable market capitalization growth through valuation expansion. We believe that even with the same P&L structure, companies can maximize valuation per profit growth by adopting and executing strategies that generate cash flow more efficiently.
03
Direct Market Feedback Leveraging Our Investor Networks
In addition to CGS’s professional perspective, we leverage our investor network to deliver real, market-driven feedback on equity stories and strategies. We also hold the CGS Club, a professional community for CFOs, IRs, and investors to exchange insights and participate in study sessions focused on long-term valuation growth.
Management
Katsuya Nobuzane
An investor and corporate advisor with over 15 years of professional experience in investment industry
Managing Director & Chief Investment Officer, CGS
Taizo Demura
A corporate advisor with 30 years of experience as a sell-side analyst, 5 years as an outside auditor, and a broad background spanning corporate operations and VC investments.
Managing Director, CGS
Hitoshi Kuriyama
A seasoned professional in investment research and corporate strategy, with over 25 years of experience as a sell-side analyst, complemented by a background as a buy-side analyst and strategic consultant.
Managing Partner, CGS
Our team also includes other seasoned professionals from across the investment industry.
Our Professional Experience
Fidelity Management
& Research (FMR)
Dodge & Cox
Goldman Sachs
PAG
Morgan Stanley
Calbee
AllianceBernstein
Millennium Management
Merrill Lynch
Corporate Information
| Company Name | Capital Growth Strategies Co., Ltd. |
|---|---|
| Representative Director | Katsuya Nobuzane, Managing Director & CIO |
| Establishment | July, 2024 |
| Address | UCF 6F, Win Aoyama Building, 2-2-15, Minami-Aoyama, Minato-ku, Tokyo JAPAN |
| Business | ・Investment ・Management Consulting ・Investment Research |
