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 […]

US IPO

A Guide to the US Capital Markets for Japanese Companies Vol.1

(last updated at February 4, 2021) ContentsNTT DoCoMo and Kyocera delisting from NYSE in 2018Sony was the first Japanese company to list on the NYSEList of companies that listed on the NYSELINE listed on the NYSE in 2016Questions and Answers about our Service NTT DoCoMo and Kyocera delisting from NYSE in 2018 In April 2018, NTT DoCoMo delisted its ADR from the New York Stock Exchange (NYSE).  This follows Nippon Telegraph and Telephone Corporation’s (NTT) (holding company of the NTT Group) delisting from the NYSE in April 2017.  In February 2018, Kyocera announced that it was also delisting from the NYSE, which is expected to be completed by September of the same year.  NTT DoCoMo, as a reason for deciding to delist from NYSE, said, […]