# Amova Asset Management Co.,ltd.

> Amova Asset Management Co.,ltd. is an SEC-registered investment advisory firm in Tokyo, Japan, registered since 1999, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 28, 2026.

- CRD: 110997
- Filed as: AMOVA ASSET MANAGEMENT CO.,LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tokyo, Japan
- Filing period: October 2026
- Form ADV filing dated: September 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110997
- AdvisorCensus page: https://advisorcensus.com/firm/amova-asset-management-co-ltd-tokyo-110997

## Quick answers

**How is Amova Asset Management Co.,ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), Amova Asset Management Co.,ltd. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Amova Asset Management Co.,ltd. located?**
Amova Asset Management Co.,ltd.'s principal office is in Tokyo, Japan, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Amova Asset Management Co.,ltd. registered with the SEC or a state?**
Amova Asset Management Co.,ltd. is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 110997.

**How much does Amova Asset Management Co.,ltd. manage?**
Amova Asset Management Co.,ltd. reports $247,426,800,740 in regulatory assets under management in its Form ADV filing dated September 28, 2026 (100% discretionary).

**How have Amova Asset Management Co.,ltd.'s assets and staff changed since 2021?**
In the Form ADV data for Amova Asset Management Co.,ltd.: Regulatory assets under management: $254,089,325,360 in the October 2021 data and $247,426,800,740 in the October 2026 data, down 3%. Total employees: 500 in October 2021 and 632 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Amova Asset Management Co.,ltd. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (757); pension and profit sharing plans (but not the plan participants or government pension plans) (46); sovereign wealth funds and foreign official institutions (21).

**Which custodians does Amova Asset Management Co.,ltd. use?**
Amova Asset Management Co.,ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Mufg Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited.(london Branch) and The Master Trust Bank of Japan, Ltd., as custodians holding 10% or more of its separately managed account assets.

**Does Amova Asset Management Co.,ltd. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110997

**What changed in Amova Asset Management Co.,ltd.'s recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Mufg Bank, Ltd.
- Sumitomo Mitsui Trust Bank, Limited.(london Branch)
- The Master Trust Bank of Japan, Ltd.,

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $247,426,800,740
- Discretionary: $247,276,858,232
- Non-discretionary: $149,942,508

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | 3 | $327,904,425 |
| Pooled investment vehicles (other than investment companies and business development companies) | 757 | $228,512,182,390 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 46 | $2,522,929,072 |
| Charitable organizations | 4 | $57,063,580 |
| State or municipal government entities (including government pension plans) | 1 | $189,352,193 |
| Insurance companies | 7 | $1,731,297,402 |
| Sovereign wealth funds and foreign official institutions | 21 | $14,086,071,678 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1999 (27 years)
- Employees: 632 total, 152 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Fukuoka
- Osaka
- Tokyo

### Websites listed on Form ADV (Item 1.I)
- amova-am.com
- global.amova-am.com
- note.com/kamiyama_view
- Facebook @amova.am
- Instagram @amova_asset
- Instagram @sushitokeizai
- LinkedIn @amova-am
- X @amova_ETF
- X @amova_am_global
- X @amova_asset
- X @sushitokeizai
- YouTube @amova_asset
- YouTube @sushitokeizai

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $254,089,325,360 | 500 | October 1, 2021 |
| October 2022 | $225,043,060,909 | 600 | July 19, 2022 |
| October 2023 | $192,224,444,130 | 600 | September 5, 2023 |
| October 2024 | $222,458,516,754 | 600 | June 26, 2024 |
| October 2025 | $213,773,628,130 | 620 | July 16, 2025 |
| October 2026 | $247,426,800,740 | 632 | September 28, 2026 |

Regulatory assets under management: $254,089,325,360 in the October 2021 data and $247,426,800,740 in the October 2026 data, down 3%.
Total employees: 500 in October 2021 and 632 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Employees performing advisory functions went from 140 to 152.
- Regulatory assets under management went from $213,773,628,130 to $247,426,800,740 (+16%).
- Updated its list of owners and control persons (Schedule A).

### May 2026
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Changed its legal name from Nikko Asset Management Co Ltd to Amova Asset Management Co., Ltd..

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Amova Asset Management Co.,ltd. (CRD 110997): Form ADV filing data as of October 2026.