Publication of SAB 121 – Changes in US GAAP for Accounting Treatment of Customer Crypto-Assets
Please note that the original article is in Japanese. The following is a summary of its content. Summary: Two Major Changes from SAB 121 On March 31, 2022, the U.S. Securities and Exchange Commission (SEC) published Staff Accounting Bulletin No. 121 (SAB 121). This bulletin provides interpretive guidance for companies that safeguard crypto-assets for their …
Interview with SAWAI GROUP HOLDINGS Co., Ltd. ~The Background of the Holding Company Transition and the Practice of SEC Registration~
Please note that the original article is in Japanese. The following is a summary of its content. The Trigger for SEC Registration On April 1, 2021, Sawai Pharmaceutical Co., Ltd. (Sawai Pharmaceutical), a company well-known for generic drugs, transitioned to a holding company structure by establishing SAWAI GROUP HOLDINGS Co., Ltd. as its new parent …