About Alphaterra Advisory
Our Mission
JAPAN DEPTH, GLOBAL REACH
We are an IR advisory firm with deep insights into Japanese companies and extensive expertise in global capital markets, dedicated to helping maximize corporate value. As a partner in “Unlocking Value,” we support the development of trust-based relationships between companies and global investors.
Our Logo
“Leveraging our best insights and execution capabilities, we strive to create new value (Alpha) on the global stage (Terra) and contribute to the revitalization of Japan.”
This statement reflects our mission and underscores our commitment to the future.
Core Members
Meet Our Unlock Value Support Team
With extensive experience engaging global investors, our seasoned professionals—who have honed their skills at leading international investment banks—provide practical and precise support to address the challenges faced by Japanese companies.
Akira Kondoh
Chairman
Expertise: Corporate Management & Governance – Leveraging the insights of seasoned professional executives
A pioneering Japanese executive with deep expertise in global capital markets.
Former Governor of the Japan Bank for International Cooperation (JBIC). After joining Sumitomo Bank (now SMBC), Akira spent a total of 17 years in New York assignments. He led negotiations for Sumitomo Bank’s investment to Goldman Sachs in 1986, and acted as CEO during the establishment of swap house SBCM. He led Sumitomo Bank’s business in Americas and Europe in late 1990’s. After coming back to Japan, he held positions as Executive Vice President of Daiwa Securities SBCM, , Executive Officer at Sony, Vice Chairman of AIG Far East, CEO of Fuji Fire & Marine, and Outside Director of Calbee, among others. In addition, he has served as a Visiting Professor at the Graduate School of Economics, Saitama University, and as a board member of major organizations, engaging in a wide range of activities.
Currently, he serves as an outside director and advisor to multiple public and private companies, leveraging his extensive experience and track record in global capital markets to support the growth and international expansion of Japanese companies. In 1999, he successfully led IIJ’s listing on NASDAQ—the first IPO by a Japanese company on the exchange—in partnership with Goldman Sachs.
Graduate of the University of Tokyo, Faculty of Law.
Koh Satoh
Chief Operating Officer
Specialist in Corporate Value Enhancement and Capital Policy
A financial professional with long term experience, broadly covering from equity and debt trading, strategic investment management of listed/unlisted equities, real estate investment, fund structuring, hedge fund management, to corporate restructuring.
He began his career in 1985 at Sumitomo Bank (now SMBC), where he was engaged in project finance and syndication, mainly based in London. He later served in senior roles in strategic investment and trading space at US-based global hedge fund (Moore SVP) and Lehman Brothers Securities until 2008 where he covered equity, debt, and real estate investments. As a senior investment manager, he managed numerous large-scale investment projects and executed these exit strategies with successful track record. He also had a broad experience in structured finance space, which extensively covering a wide range of financial products, from securitization, structured finance, hybrid derivatives, to structuring of domestic/international investment funds, serving as a team head (MD/Director level) at foreign securities firms (Société Générale Securities, HSBC, Stormharbour, etc.).
Leveraging long-term experience in the financial background he currently served as an advisor to major global funds (Pacific Alliance Group, 2020–2023) and foreign business corporate, while currently serving as compliance officer and outside director for multiple domestic corporate.
Graduate of the Kyoto University, Faculty of Law,
and MSc. in Finance at the University of London,
Noriyuki Matsushima
Senior Executive Advisor
Expertise: Intellectual Property Management & Governance
Noriyuki began his career as a securities analyst at Nikko Research Center in 1982. In 1999, he joined Nikko Solomon Smith Barney Securities (now Citigroup Global Markets Japan), covering sectors including land, sea, and air transportation, manufacturing, non-ferrous metals, electric wires, pharmaceuticals, chemicals, food, railways, precision instruments, machinery, and automotive from 1991 to 2013. He consistently ranked #1 in major analyst surveys, including Nikkei Veritas (Nikkei Financial Journal), Institutional Investor, and The Economist.
After retiring from sell-side analyst in 2013, he served as Chief Advisor at Mitsubishi UFJ Morgan Stanley Securities (2013–2018) and Mitsubishi UFJ Research & Consulting (2018–2021). Upon reaching the mandatory retirement age in April 2021, he entered into a personal contract with Mitsubishi UFJ Research & Consulting in May 2021, assuming the role of Advisory Consultant.
Noriyuki is a former Outside Auditor of Denso Corporation and served on the Ministry of Economy, Trade and Industry’s Ito Report 2.0 and 3.0 committees. He was also Chair of the Disclosure Study Group at the Securities Analysts Association of Japan.
He has served on numerous advisory committees for the Ministry of Economy, Trade and Industry, the Cabinet Office, and the Japan Patent Office. He is a Director and Vice Chair of the Japan Investor Relations Society and a lecturer for the Financial Leadership Program at Hitotsubashi University CFO Education & Research Center. In recent years, he has focused on promoting intellectual property management through the Cabinet Office (Committee on Effective Disclosure and Governance of IP Investment and Utilization) and the Japan Patent Office. He is also a Director of the Intellectual Property & Intangible Asset Governance Association.
Graduate of Doshisha University, Faculty of Economics.
Hiroshi Yoshihara
Senior Executive Analyst
Expertise: Sponsored Research Writing & Capital Management Strategy
Hiroshi worked as a sell-side analyst in the Equity Research Department of U.S. investment banks—Salomon Brothers Asia Securities, Merrill Lynch Japan Securities, and Morgan Stanley Japan Securities—for 20 years (1989–2009), serving as Managing Director and Executive Director. Prior to that, he spent nine years at IBM Japan’s Product Development Laboratory as a technology evaluation analyst, conducting research and analysis on semiconductors and packaging technologies (recipient of honors such as a Division Award and Distinguished Service Award).
In the precision instruments sector, he was ranked No. 1 for four consecutive years (1997–2000) by the U.S. financial magazine Institutional Investor, and was frequently ranked among the top ten analysts by other financial publications such as The Economist, in categories including precision instruments, semiconductor manufacturing equipment, and industrial electronics. Since 2017, he has been with sponsored research companies as a senior analyst, publishing initiation reports of around 50 corporates covering all industries past seven years.
From 2009, he spent roughly ten years at a think tank, where he was engaged in policy planning, regional development, and renewable energy project development. He is currently serving in public-interest activities, including as a Standing Trustee of the Waseda Hoshien Foundation and as a Councilor of the Chikushi Scholarship Foundation. He was born in Fukuoka Prefecture.
Graduate of Waseda University, Faculty of Science and Engineering, Department of Physics.
Misako “Terri” Terui
U.S. Office
Expertise: North American Capital Markets
After working at management consulting firm in Japan fresh out of college, Terri joined Japan’s first IR firm as a founding member, introducing the concept of financial communications to Japan through direct engagement with overseas investors. Her pioneering efforts helped establish investor relations as a recognized practice in Japan.
She subsequently served as Executive Director and Head of North America Equities at SMBC Nikko Securities America, Managing Director and Head of Sales at Mitsubishi UFJ Securities USA, and Director at Salomon Brothers/Citigroup Global Markets in the US and Japan.
Over a 30-year career with leading financial institutions, Terri developed deep expertise in the mindset and decision-making of global investors, building a network of over 500 North American institutional investors and participating in more than 2,000 IR meetings across the region alongside Japanese corporate executives. She has also led numerous large-scale fundraising transactions for Japanese companies in the U.S. capital markets.
A serial entrepreneur, Terri has founded four companies and successfully launched multiple intrapreneurial ventures within major corporations. She brings a unique perspective shaped by experience on both sides of the table—as a corporate leader and as a bridge to global investors.
Graduate of Sophia University, Faculty of Foreign Studies, and MBA from the University of Chicago.
社名：Alphaterra Advisory株式会社
設立：2025年
住所：500 W. Putnam Avenue, Suite 400, Greenwich, CT, USA
東京都千代田区丸の内１−８−３丸の内トラストタワー２０F
主な拠点：Tokyo（日本）, Greenwich（米国）
取引銀行：JPMorgan Chase, 三井住友銀行
URL:www.AlphaterraAdvisory.com
