SPARX Group

ESG Data

Environment

Category Unit FY2021 FY2022 FY2023 FY2024
Greenhouse
gas ("GHG") emissions		 Scope 1 (direct emission) t-CO2e 6.13 6.13 5.30 4.13
Scope 2 (indirect emission) *1 t-CO2e 126.64 103.67 75.66 82.54
Scope 1・Scope 2 Total*2 t-CO2e 132.77 109.80 80.96 86.67
Scope3
Category 1 (Purchased Goods and Services) t-CO2e 3.09 2.81 4.23 3.98
Category 2 (Capital Goods) t-CO2e 9.81 249.23 124.47 1,467.81
Category 5 (Waste Generated in Operations) t-CO2e 0.28 0.39 0.36 0.54
Category 6 (Business Travel) t-CO2e 136.52 576.47 822.59 1,115.39
Category 7 (Employee Commuting) t-CO2e 62.93 51.70 54.36 56.35

[Calculation period]Each period: from April 1st to March 31 in the following year
[Calculation scope]
Scope 1 & Scope 2： All domestic Group companies*3 (excluding SPARX Tomakomai Green Hydrogen Production Plant*4), SPARX Asset Management Korea Co., Ltd. *5, SPARX Asia Investment Advisors Limited*5
Scope 3：All domestic Group companies*4 (excluding SPARX Tomakomai Green Hydrogen Production Plant for Categories 1, 5, and 6*4)

[Calculation Methods]
Our Scope 3 calculation method and emission figures are based on the "Basic Guidelines on Accounting for Greenhouse Gas Emissions Throughout the Supply Chain Ver. 2.7" and "Emission Unit Value Database for Accounting of Greenhouse Gas Emissions by Organizations Throughout the Supply Chain Ver 3.5" from the Ministry of the Environment and the Ministry of Economy, Trade and Industry.

Category 1: Calculated by multiplying the cost of copy paper purchased by all the domestic Group companies*3 by the emission unit values
Category 2: Calculated by multiplying the value of fixed assets acquired by all the domestic Group companies*3 in the relevant fiscal year by the emission unit values
Category 5: Calculated by multiplying the waste generated by all the domestic Group companies*3 by the emission unit values by waste type and disposal method
Category 6: Calculated based on the amount of domestic and international business travel by all the domestic Group companies*3 (multiplied the cost for using airlines, rail, buses, and taxis by the emission unit values)
Category 7: Calculated from the yearly total of the monthly commuting expenses of employees of all the domestic Group companies*5 at the end of the current fiscal year (multiplied the cost of using rail and buses by the emission unit values)

  • *1 Scope 2 is the results of the market-based method.
  • *2 GHG emissions calculation criteria are Scope 1 (direct emissions) + Scope 2 (indirect emissions) based on the GHG Protocol
  • *3 In FY2024, all the domestic Group companies were as follows:
    SPARX Group Co., Ltd.
    SPARX Asset Management Co., Ltd.
    SPARX Green Energy & Technology Co., Ltd.
    SPARX Asset Trust & Management Co., Ltd.
    SPARX Investment Co., Ltd.
    Up to FY2023, all the domestic Group companies were as follows:
    SPARX Group Co., Ltd.
    SPARX Asset Management Co., Ltd.
    SPARX Green Energy & Technology Co., Ltd.
    SPARX Asset Trust & Management Co., Ltd.
    SPARX Investment Co., Ltd.
    SPARX Innovation for Future Co., Ltd.
    In April 2025, SPARX AI & Technologies Investment Co., Ltd. changed its name to SPARX Investment Co., Ltd. In April 2024, SPARX Innovation for Future Co., Ltd. was dissolved.
  • *4 We excluded items with little impact during FY2024 from the calculations for the SPARX Tomakomai Green Hydrogen Production Plant, which started operation in March 2025.
  • *5 We use the emissions coefficients for each country where the offices are located.
Unit FY2021 FY2022 FY2023 FY2024
Waste emissions t 4.48 7.11 5.17 7.32

all the domestic Group companies*3

  • In FY2024, all the domestic Group companies were as follows:
    　SPARX Group Co., Ltd.
    　SPARX Asset Management Co., Ltd.
    　SPARX Green Energy & Technology Co., Ltd.
    　SPARX Asset Trust & Management Co., Ltd.
    　SPARX Investment Co., Ltd.
    Up to FY2023, all the domestic Group companies were as follows:
    　SPARX Group Co., Ltd.
    　SPARX Asset Management Co., Ltd.
    　SPARX Green Energy & Technology Co., Ltd.
    　SPARX Asset Trust & Management Co., Ltd.
    　SPARX Investment Co., Ltd.
    　SPARX Innovation for Future Co., Ltd.
    　In April 2025, SPARX AI & Technologies Investment Co., Ltd. changed its name to SPARX Investment Co., Ltd. In April 2024, SPARX Innovation for Future Co., Ltd. was dissolved. 　
  • We excluded items with little impact during FY2024 from the calculations for the SPARX Tomakomai Green Hydrogen Production Plant, which started operation in March 2025.

Offering Funds that invest in renewable energy

SPARX Group has recognized that it is important for society to leave behind high-quality energy supply infrastructure for future neerations. We provide ivnestors with funds that contribute to the expansion of renewable energy sources such as solar, biomass, and wind power.

Unit FY2021 FY2022 FY2023 FY2024
Renewable Energy
Investment Strategy		 Assets Under Management Billion Yen 243.8 259.1 280.1 3,021

Society

Employee

FY2022 FY2023 FY2024
Number of Employees 173 186 193
Male 102 108 121
Female 71 78 72
Average Years of Service 42.9 43.4 44.3
Male 43.0 43.3 44.7
Female 42.8 43.5 43.6
Average Years of Service 8.0 years 8.0 years 7.9 years
Male 8.1 years 8.3 years 7.6 years
Female 7.9 years 7.7 years 8.4 years
Non-Japanese Employees 44 44 43
Ratio of Non-Japanese
Employees		 25.4% 23.6% 22.3%
Ratio of Non-Japanese
Managers		 21.1% 20.5% 25.6%
Ratio of Mid-Carees Hires 94.2% 94.2% 96.4%
Ratio of Mid-Carees Hires
in Management Positions		 92.1% 97.4% 97.4%
Gender Wage Gap 53.1% 53.4% 51.3%
Ratio of Female Managers 23.7% 25.6% 25.6%
Number of Employees
using the Childcare
Leave System		 3 4 10
Male 1 3 6
Female 2 1 4
  • (Scope) 6 Tokyo-based Group companies, SPARX Asset Management Korea Co., Ltd., SPARX Asia Investment Advisors Limited.
  • The figures for the number of employees using the childcare leave system represent the results of domestic group companies.
  • The number of eligible people noted in the number of employees using the childcare leave system refers to employees or their spouses who have given birth in the relevant fiscal year.
  • If a period of childcare leave spans two fiscal years, it is counted only in the fiscal year when the leave commenced.

Corporate Philosophy Integration

We conduct internal surveys to assess the level of employee alignment and engagement with our corporate philosophy, with the goal of building a united and growth‑driven organization.
Based on the survey results, we identify key issues and continuously improve our initiatives to strengthen understanding and alignment across the company.

Unit FY2023 FY2024
Survey Response Rate % 77.1 96.6
Resonance with Purpose points 8.7 8.7
Resonance with Vision points 8.8 8.9
Resonance with Mission points 8.8 8.8
Resonance with Values points 8.4 8.8
  • (Calculation scope) Includes domestic group companies, including SPARX Group.
  • Resonance scores are measured on a 10‑point scale, with 10 being the highest. Scores represent the average of all respondents.

Human Resources Development

FY2024
Total annual training hours 2,697 hours
Average training hours per person 14 hours
  • （Scope）6 Tokyo-based Group companies, SPARX Asset Management Korea Co., Ltd., SPARX Asia Investment Advisors Limited are included.
  • The training hours per person are calculated by dividing the total annual training hours by the number of employees as of the end of March.

Social Contribution Activities

FY2021 FY2022 FY2023 FY2024
Expenses for social
contribution activities		 32 million yen 35 million yen 46 million yen 20 million yen
Of which, donations 9 million yen 4 million yen 9 million yen 18 million yen
  • (Scope) 6 Tokyo-based Group companies.

Qualification Incentive Program

We demand highly specialized knowledge and skills to promote our business.
We have introduced a system that provides incentives for obtaining public qualifications that are particularly relevant to our business. It is part of our support for employee motivation to grow by developing and improving their highly specialized skills.

Qualifications eligible for incentives

Qualifications
Securities Analyst First Series
Second Series
Book Keeping 2nd Class
CFP or FP 1st Class
CFA
(US Securities Analyst) 		First Series（First Series）
Second Series（Second Series）
Third Series（Third Series）
TOEIC over 900

Corporate Governance

FY2021 FY2022 FY2023 FY2024
The Board of Directors Numbers of Directors 6 8 7 6
Of which, outside directors 3 4 5 5
Of which, female directors 0 1 2 3
Chairperson President & Representative Director President & Representative Director Outside director Outside director
Number of Meetings Held 17 meetings 17 meetings 17 meetings 17 meetings
Average Attendance Rate 100% 100% 99% 100%
Audit and
Supervisory Committee		 Numbers of members 3 4 5 5
Of which, outside directors 3 4 5 5
Chairperson Outside director Outside director Outside director Outside director
Number of Meetings Held 17 meetings 17 meetings 17 meetings 17 meetings
Average Attendance Rate 100% 100% 99% 100%
Nomination and
Compensation
Committee		 Numbers of members 5 5 6 6
Of which, outside directors 4 4 5 5
Chairperson President & Representative Director President & Representative Director Outside director Outside director
Number of Meetings Held 4 meetings 6 meetings 4 meetings 4 meetings
Average Attendance Rate 100% 90% 96% 96%
  • (Scope)SPARX Group Co., Ltd.
  • The number of memebers of the Board of Directors, Audit and Supervisory Committee, and Nomination and Compensation Committee is as of the end of each fiscal year
  • The number of meetings of the Board of Directors, the Audit and Supervisory Committee, and Nomination and Compensation Committee and the average attendance rate are figures for each fiscal period.

Compliance

FY2021 FY2022 FY2023 FY2024
Incident reports 17 10 13 10
Whistleblower reports 0 0 0 0
  • (Scope) 6 Tokyo-based Group companies, SPARX Asset Management Korea Co., Ltd., SPARX Asia Investment Advisors Limited