Research field

• Real options
• Dynamic corporate finance
• Time-to-build, investment lags, time-risk
• R&D investment, innovation

Educational background

• Osaka University, Ph.D. in Economics (March 2016)
• Osaka University, M.A. in Economics (March 2013)
• Yonsei University, B.A. in Economics (February 2011)

Professional background

• April 2025~Present: Associate Professor, Graduate School of Economics, The University of Osaka (formerly known as Osaka University)
• April 2023~March 2024: Visiting Academic, School of Mathematics and Physics, The University of Queensland
• April 2022~March 2025: Associate Professor, Department of Management, Tokyo University of Science
• April 2019~March 2022: Junior Associate Professor, Department of Management, Tokyo University of Science
• April 2016~March 2019: Assistant Professor, Center for Mathematical Modeling and Data Science, Osaka University

Teaching experience

• Risk Management (2025~Present, The University of Osaka)
• Management Science 2 (2025~Present, The University of Osaka)
• Asset Pricing (2022~2024, Tokyo University of Science)
• Corporate Finance and Valuation (in English, 2021~2024, Rikkyo University)
• Microeconomics (2021~2024, Tokyo University of Science)
• Introduction to Finance (2019~2024, Tokyo University of Science)
• Corporate Finance (2019~2024, Tokyo University of Science)
• Advanced Corporate Finance (2019~2024, Tokyo University of Science)
• Topics in Mathematical and Statistical Finance I (2016~2018, Osaka University)
• Numerical Methods in Finance (2016~2018, Osaka University)
• Optimization  (TA, 2012~2014, Osaka University)
• Introduction to Management Science (TA, 2011~2015, Osaka University)

Editorial experience

• June 2020~May 2025: Associate editor, Journal of the Operations Research Society of Japan, Transactions of the Operations Research Society of Japan

Committee experience

• Program committee: The 5th Fall Conference of Nippon Finance Association (November 11, 2023)

Reviewer experience

• European Journal of Operational Research
• Journal of Economic Dynamics and Control
• Quantitative Finance
• Omega
• International Review of Financial Analysis
• International Journal of Industrial Organization
• Journal of Mathematical Economics
• Journal of the Operational Research Society
• International Review of Economics and Finance
• Economic Modelling
• Journal of Economics
• Mathematics and Financial Economics
• North American Journal of Economics and Finance
• Emerging Markets Finance and Trade
• Asia Pacific Management Review
• Japan Journal of Industrial and Applied Mathematics
• Japan Society for Industrial and Applied Mathematics Letters

Grant-in-aid

• October 2025~March 2027: Ishii Memorial Securities Research Promotion Foundation, “The effects of delayed revenue generation on a firm’s optimal investment strategies”
• April 2024~March 2026: Tokyo University of Science, Research Grants, “Optimal investment strategies with regulatory uncertainty”
• April 2022~March 2027: Japan Society for the Promotion of Science, Grant-in-Aid for Early-Career Scientists, #22K13434, “The effects of investment lags on strategic investment and market competition”
• April 2022~March 2023: Tokyo University of Science, Grant for Young or Female Researchers, “Optimal investment strategies in the presence of uncertainty in production timing”
• October 2018~March 2020: Ishii Memorial Securities Research Promotion Foundation, “Optimal investment strategies for a project with time-to-build”
• April 2017~March 2022: Japan Society for the Promotion of Science, Grant-in-Aid for Young Scientists (B), #17K13728, “Optimal R&D investment strategies and patent policy under asymmetric information”
• March 2014~February 2015: Ishii Memorial Securities Research Promotion Foundation, “Evaluation of credit risks and credit derivatives”
• April 2011~March 2016: Full scholarship from Japanese government (MEXT)

Award

• 7th Corporate Finance Research Encouragement Award (Grand Award) from Kyoto University Graduate School of Management (Mizuho Securities Endowment) (March 2024)
• 12th Research Encourage Award from The Operations Research Society of Japan (September 2022)

Click here for CV in a pdf format (updated on July 31, 2025).