Mr. Kawawake, I understand that since your days as a banker through founding ventures, you have experienced over 30 IPOs in total. From your perspective, how do you view this strategic investment fund called J2MAX?

 

 

 

Kawake: I believe J2MAX is a groundbreaking concept. The traditional challenges facing Japanese ventures today, often referred to as “small-scale listings” or “fragmentation,” boil down to one key point: “Make the world your market.” That means targeting the global market from the very start. Japan tends to be relatively slow-paced, not focused on rapid growth. J2MAX aims to accelerate that growth within just two years.

 

 

 

Another point, if I may add, is that Mr. Ogawa understands the essence of large corporation management and collaboration with them. Involving large corporations is a significant aspect. I understand this is a highly appealing feature.

 

 

 

Also, one point I'd like to see improved: I'm embarrassed to admit I knew nothing about conjoint analysis either, and I suspect most people don't know about it at all. They know nothing about it. So, I thought it might be better to comment first on the point of “why conjoint analysis is so effective.”

 

That's all.