Domestic commodity trading, without inventory risk.
YuzuFi pre-secures buyers before placing wholesale orders, eliminating inventory exposure. The model exploits the structural gap between exclusive Japanese wholesale supply and chronic overseas demand — amplified by a multi-decade low in the yen.
No inventory risk — buy only after the sale is confirmed
No FX or country risk — all trading clears within Japan
Insured pipeline — deposits covered end-to-end
Speaker Notes: Cover. Set the frame: this is a domestic Japan trade, not a cross-border export play. The macro tailwind (weak yen) is upside; the safety claim is downside protection (no inventory, insured, JPY-denominated).
COMMODITY TRADE OPPORTUNITY · JUNE 2026
Strictly confidential
COMMODITY TRADING WITHOUT INVENTORY RISK
= We buy products cheaper only after we secure buyers at the higher price. ∵ We exploit market distortion. We only deal with products HIGH in demand and exclusively difficult to secure.
Buyers
YuzuFi
Exclusive Wholesalers
1 Sell higher to buyers in need of
3 Get paid
2 Buy cheaper
4 Delivery of items
Force majeure
Fully secured for the deposited amount even in times of natural disaster or war. Pipeline insured end-to-end, makers to end users.
FX & country
No currency risk, no country risk. All trading clears within Japan in JPY.
Speaker Notes: Core pitch. Two-sided moat: pre-secured buyer (no inventory risk) and exclusive wholesaler access (supply moat). Operational trade is JPY within Japan — FX exposure sits with the end buyer, not us.
COMMODITY TRADE OPPORTUNITY · JUNE 2026
Strictly confidential
THE TRADE PIPELINE
Seven stages from buyer commitment to capital return — insured and pre-sold at every step
Speaker Notes: The trade pipeline in seven stages. The key insight: capital and contractual commitment arrive at stages 1 and 2 before we touch a single wholesale order. Stage 3 is where most trading desks would have started — by then we already have the deposit. Stages 4–6 are the physical leg, fully insured end-to-end. Stage 7 closes the cycle. The animated dot down the spine represents capital's journey: in at stage 2, out at stage 7, four to six weeks later.
COMMODITY TRADE OPPORTUNITY · JUNE 2026
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THE MOAT
Two trust relationships YuzuFi has spent years building — neither is for sale, neither can be cloned overnight
DEMAND SIDEOversubscribed buyer network
Buyers
Buyer side · YuzuFi's book
Always oversubscribed
Overseas distributors, parallel-import operators, unaffiliated retailers — consistently demand more than YuzuFi can fulfil. Buyers come pre-qualified through years of repeat orders.
THE BRIDGETrusted on both sides
YuzuFi
The relationships
Built, not bought
Both ends — the buyer roster and the wholesale accounts — are YuzuFi's. Years to earn, impossible to replicate by capital alone.
SUPPLY SIDEGated wholesale access
Exclusive Wholesalers
Supply side · gated access
Trusted parties only
Premium beauty, electronics and bulk consumer-goods brands sell wholesale only to vetted counterparties — protecting brand premium and channel pricing. YuzuFi has the track record these gatekeepers require.
Speaker Notes: The moat is access arbitrage, not price arbitrage. Demand side: chronic. Supply side: deliberately gated by brands to protect premiums and salon channels. The middle goes to whoever can sit there with credibility on both sides.
COMMODITY TRADE OPPORTUNITY · JUNE 2026
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FULLY INSURED
The Note is asset-backed — deposits covered end-to-end, force majeure included
✓
Principal will always be returned.
Your deposit buys real physical products, not paper. The goods are insured warehouse-to-buyer; if anything is lost or damaged, insurance pays out and principal comes back.
Principal
100%
always returned
Pipeline
End-to-end
makers → end users
Force majeure
Covered
acts of god + more
Backed by goods
Real physical products, not paper
Capital purchases actual SKUs from premium Japanese wholesalers — a real, valued asset behind every deposit.
Acts of god
Natural disaster, war, transit loss
Earthquakes, typhoons, fire, civil unrest, transport accidents — insurance pays the full insured value. Principal is never at risk.
Operational
Wholesaler & buyer counterparty
Supplier default, in-transit damage, buyer non-acceptance — all within policy from order acceptance to final delivery.
No FX, no country risk
Domestic JPY, short-duration
Every leg clears in JPY within Japan. No foreign-exchange exposure on YuzuFi's book, no sovereign or capital-controls risk.
Speaker Notes: Safety story. Principal is fully insured; pipeline is insured end-to-end; no FX or country risk because trading clears within Japan. Frame as a safe asset class — closer to trade finance than to public-market exposure.
~¥15.95M JPY equivalent at current rate. Round-lot sizing keeps allocation flexible across portfolio scales.
Minimum term
3 months
Spans 2–4 deal cycles depending on timing of available deals. Capital plus realised P&L returned at term end; rollover available subject to deal capacity.
Currency
USD-denominated (in & out)
FX handling
YuzuFi converts USD→JPY for the trade
Security
Insured pipeline (see prior slide)
Distributions
Principal + P&L at term end
Rollover
Available, subject to deal capacity
Reporting
Per-deal confirms + statement at close
Speaker Notes: Note-terms slide. $100k USD minimum is intentionally low to make the product accessible without sacrificing deal economics. 3-month minimum is the holding period — not a single deal: each cycle runs 4–6 weeks, so 3 months typically spans 2–4 cycles depending on timing of available deals. USD-in / USD-out; YuzuFi handles the JPY conversion for the underlying trade. Rollover is optional and depends on deal flow at term-end.
COMMODITY TRADE OPPORTUNITY · JUNE 2026
Strictly confidential
HISTORICAL RETURNS
Per-deal economics roll up to an attractive annualised return
Per deal · 5 weeks
3–5%
net of insurance & ops
Annualised
16–30%
accounts for uneven shipment timing
Currency
JPY
no FX translation drag
Per deal
3–5% over ~5 weeks. Range reflects spread variability across product categories and counterparties — not principal volatility.
Annualised
16–30% over a full year, even with uneven shipment timing and gaps between deals. Capital is not always deployed every week; the annualised figure already accounts for typical idle periods.
Past performance disclaimer
Indicative range based on trailing book. Per-deal returns vary; future results depend on deal availability and macro conditions.
Speaker Notes: Returns slide. Per-deal 3-5% over ~5 weeks. Annualised 16-30% includes the gaps between deals (capital isn't always deployed). Frame as JPY trade-finance yield, not equity-style return.
COMMODITY TRADE OPPORTUNITY · JUNE 2026
Strictly confidential
OPERATING ENVIRONMENT
JPY/USD rate at the highest level for past decades
USD/JPY spot
159.50
−0.02 (−0.01%)
3-yr move
+44%
vs. ~110 in 2021
Trend
12-yr high
structural
Source: Investing.com
A historically weak yen widens the spread between Japanese wholesale prices and overseas buyer willingness to pay — the macro tailwind under the model. Note: the operational trade itself stays in JPY within Japan; FX exposure sits with the end buyer, not YuzuFi.
Speaker Notes: The trade exists without the FX tailwind, but USD/JPY at multi-decade highs amplifies the spread. Our P&L is JPY-denominated; the buyer absorbs the FX.
COMMODITY TRADE OPPORTUNITY · JUNE 2026
Thank you for your attention.
Domestic commodity trading without inventory risk.
FOR QUESTIONS ABOUT YuzuFi, PLEASE CONTACT:
YuzuFi · Investor Relations
Tokyo, Japan
ir@yuzufi.example
www.yuzufi.example
Speaker Notes: Closing slide. Hand-off for follow-up. Replace placeholder contact details before sending externally.
