We have announced the release of annual report on "Current State and Challenges of Impact Investing in Japan—FY2025 Survey". Based on survey results, the Report, published annually since 2016, provides insights into the latest trends in Japan's impact investment market through a comparative analysis with international markets and discusses prospects.

▶Download the report here.

Summary

＜FY2025 Impact AUM in Japan＞
Impact AUM in Japan reaches 18.6531 Trillion Yen (108% of the previous yearʼs figure).
[ Reference ] Impact AUM worldwide2 : Approximately JPY 243 trillion (USD 1.571 trillion) * 2024 data

(*)This figure is the sum of assets under management (AUM) held by 47 organizations that responded to the Impact Investing Survey 2025 and met the impact investing requirements.

＜Factors behind the Growth＞
The Report reveals that Japan's impact investment asset under management for FY2025 reached 18.6531 trillion yen, marking an increase of 1.3514 trillion yen (a 108% rise) from the previous year's 17.3016 trillion yen. The following factors have been identified as key contributors to this growth:

1) Expansion of investments by existing impact investing organizations
The investment AUM of 41 organizations that have continuously responded since FY2024 increased by 107% year-on-year, accounting for approximately 85% of the total increase of JPY 1.3514 trillion.

This indicates that the expansion of investments by existing organizations, rather than new market entrants, has been the main driver of market growth.

2) Expansion of investments particularly by major financial institutions
A breakdown of the increase shows that:
〇The top five organizations, mainly major banks, accounted for approximately 65% of the increase
〇The top ten organizations, including major life insurance companies, accounted for approximately 86%
These findings confirm that the expansion of investments by large-scale financial institutions has driven the growth of the market.