Author: Accounting Monster

Mr. Shinya Sakata, Former Manager at KPMG Azsa, Joins Quantum Accounting

Quantum Accounting Welcomes Mr. Shinya Sakata as New Director Quantum Accounting Inc. is pleased to announce that Mr. Shinya Sakata has joined the firm as a new Director. Mr. Sakata began his career at KPMG Azsa LLC as a specialist in auditing, internal controls, and IFRS compliance. He subsequently gained international audit experience at KPMG …

Goodwill Accounting Treatment to Shift Toward Impairment Model. Is the World Instead Returning to the Amortization Model?

Introduction In 2025, Japanese accounting standards concerning goodwill are approaching a major turning point. The Japanese government’s Council for Promotion of Regulatory Reform has compiled a report, including recommendations to abolish the mandatory periodic amortization of goodwill under traditional Japanese GAAP or to transition to an elective system of non-amortization or amortization. The Council plans …

New Standards at U.S. Stock Exchanges: Nasdaq Amends Listing Requirements (MVUPHS)

Problem Background and Overview From late 2024 to early 2025, cases were observed on the Nasdaq market where companies with the fundamental problem of being unable to raise sufficient capital were utilizing sales by existing shareholders (Resale Shares) to narrowly meet the MVUPHS requirement and achieve a listing. Typically, small and medium-sized ventures, often in …

Revisions to U.S. Accounting Standards for Crypto Assets and Their Impact

On January 23, 2025, in the Oval Office in Washington D.C., President Donald Trump signed an Executive Order titled “Strengthening U.S. Leadership in Digital Financial Technology.” This Executive Order aims to support the development of digital assets and blockchain technology, positioning the United States as a central hub for crypto assets (virtual currencies). Specifically, it …

The Light and Shadow of SPACs: SBC’s NASDAQ Listing and JEPLAN’s Abandoned Listing – The Challenge for Japanese Companies Amid the Tumultuous Waves of Redemption

(Image courtesy of the SBC website.) Introduction On September 17, 2024, SBC Medical Group Holdings (SBC), the operator of Shonan Beauty Clinic in Japan, was listed on Nasdaq through a merger with a Special Purpose Acquisition Company (SPAC), Pono Capital Two (Press Release). Initially, SBC’s valuation was set at $1.2 billion, but this was ultimately …

The Outlook for U.S. Listings and the Importance of IR: An Interview with Gateway Group

gateway

Today, we have the pleasure of speaking with Mr. Steven Shinmachi of Gateway Group about the means by which companies can raise capital to achieve growth. Gateway Group is an industry-leading financial communications and digital media advisory firm that provides support to companies at various stages of development, from private startups to companies listed on …

What is Tenure Voting? A Form of Classified Voting Shares

Introduction In the U.S. securities market, particularly among startup companies listing on Nasdaq, classified voting shares are widely adopted to allow founders to maintain control of the company. A well-known example is Alphabet Inc., the parent company of Google. Alphabet Inc. has issued the following three classes of stock: Class A Shares: Available to general …