News

Strengthening Overseas IPO Support: Former Rakuten Medical CEO Mr. Torashi Joins Our Team

Quantum Accounting is pleased to announce the appointment of Mr. Torashi, former CEO of Rakuten Medical K.K., as a new advisor to further strengthen our support for Japanese startups listing on the U.S. stock markets. Together with Mr. Shinohara, former CFO of Kura Sushi USA, who has already joined our team, we now have a comprehensive support system in place for IPO-related measures, including business strategy, capital policy (fundraising), governance structure, and IR strategy. In addition to traditional accounting support, Quantum Accounting is expanding its expertise to support the entire listing process. With Mr. Torashi joining the team, we will further enhance our ability to support client companies in achieving strategic growth in the global market. We are also strengthening our framework to ensure sustained […]

News

Announcement of Koji Shinohara, Former CFO of KURA Sushi USA, Joining Our Company

Quantum Accounting Welcomes Koji Shinohara as New Advisor Quantum Accounting is pleased to announce that Koji Shinohara has joined the company as a new advisor. With his US CPA qualification, extensive practical experience, and exceptional expertise, Mr. Shinohara brings invaluable new strengths to our team. After graduating from a Japanese university in 1986, Mr. Shinohara obtained a master’s degree in business administration from the University of Oklahoma City. He then built his career at renowned accounting firms in the United States, gaining deep experience in the corporate tax division. Notably, Mr. Shinohara successfully led KURA Sushi USA Inc. to its Nasdaq listing as the company’s CFO. He spearheaded the IPO process and continued to play a crucial role in the company’s operations as a public […]

News

Notice of Participation by One of Our Company’s Members

Our company is pleased to welcome Ryoji Komiya as our advisor. Ryoji Komiya He has gained experience as a partner at Azusa Audit Firm, where he handled auditing services for US SEC registered companies and foreign companies, GAAP conversion services and IPO filings for NYSE and NASDAQ listings, as well as providing support for listings and conducting due diligence services for M&A transactions. We kindly request your continued support for the further evolution of Quantum Accounting Co., Ltd. If you have any questions or inquiries regarding this page, please feel free to contact us here.

JapanBusinessConcierge

Notice of Web Site Launch

We are excited to announce the launch of our new website, Japan Business Concierge. https://japanbusinessconcierge.com/ Companies seeking to enter the Japanese market often face difficulties in obtaining up-to-date and relevant information about Japanese laws, taxes, and business practices. We, Quantum Accounting, can navigate [pilot] you through this complex market so that you can reach your destination smoothly. This site provides helpful information about the intricacies of the Japanese market and assists companies in confidently starting and continuing their operations in Japan. We will continue to improve and enhance the site’s contents to provide you with timely and relevant information. Please check it periodically for the latest updates. We hope that you will find our site useful in navigating the Japanese market.

Audit

Introduction of our audit/attestation and advisory service

samurai

A common challenge foreign companies with relatively small subsidiaries in Japan face is monitoring over the operation of the Japanese subsidiary.  Especially when it comes to financial reporting.  This might not be an issue for companies that engage with the large international audit firms like PwC, Deloitte, KPMG and EY. Their counterparts in Japan will usually take care of Japan related matters. This obviously comes at a high cost.  Or perhaps the group internal audit team can perform internal audits.  But often will they get a chance to fly across the Pacific to perform these procedures?  Would they know the Japanese language and tax and other regulations in Japan?  We can all agree that being able to order tuna rolls at a sushi restaurant in […]

US IPO

SPAC Raises Funds 100 Times Larger Than the Entire Tokyo Stock Exchange

ContentsWhat is a SPAC?How They WorkSPACs are Growing Exponentially and Raising MillionsSPACs’ Influences on Japanese StartupsQuestions and Answers about our Service What is a SPAC? Evo Acquisition, a blank check company targeting the tech and financial industry, on February 9th raised approximately $109 million.  Following the surge of IPOs by other black check companies, Evo Acquisition plans to list on the Nasdaq under the symbol of EVOJU. Evo Acquisition is a special purpose acquisition company (SPAC), which their sole objective is to acquire startup companies rather than owning their own commercial operations. As an alternative name “blank check company” suggests, a SPAC is not an ordinary type of company; and it has gain popularity over recent years. How They Work SPACs generally collect capitals from […]

Disclosures

Mandatory English Financial Disclosures Coming to the Tokyo Stock Exchange

Starting with English disclosures of quarterly financial information A Nikkei article on March 15, 2019 caught our attention. “Tokyo Stock Exchange to reduce first section listings by 30% – Market cap requirement to be raised and English disclosures mandated” https://asia.nikkei.com/Business/Markets/Tokyo-Stock-Exchange-to-reduce-first-section-listings-by-30 There is an ongoing deliberation at the Tokyo Stock Exchange to reduce the number of companies listed on the first section and to restructure its other existing markets (second section, Jasdaq, Mothers). According to the article, the new first section will require companies to maintain a market cap of 25 billion yen (currently 2 billion yen) and also mandate quarterly financial disclosures in English. Only 35% of companies listed on the first section are currently providing disclosures in English. It is still unclear when the […]