Kura Sushi to File for Nasdaq Listing
On July 4, 2019, Kura Sushi USA, Inc. (“Kura Sushi USA”), the U.S. subsidiary of Kura Sushi, announced that it had filed an application with the U.S. Securities and Exchange Commission (SEC) to list on the Nasdaq market. According to the Nihon Keizai Shimbun (Nikkei) on the same day, Kura Sushi USA was established in …
Ikinari! Steak to Delist from Nasdaq
(Image courtesy of The Nikkei – Nihon Keizai Shimbun.) Ikinari! Steak to Delist from Nasdaq On June 14, 2019, Pepper Food Service Co., Ltd., the operator of the steakhouse chain “Ikinari! Steak,” resolved at its Board of Directors meeting held on the same day to apply for the delisting of its American Depositary Receipts (ADRs) …
IIJ to Delist from Nasdaq
(Logo image courtesy of the IIJ website.) IIJ to Delist from Nasdaq On February 7, 2019, Internet Initiative Japan Inc. (IIJ) announced that its Board of Directors had resolved on the same day to apply for the delisting of its American Depositary Receipts (ADRs) from the NASDAQ Stock Market (NASDAQ) and for deregistration from the …
Quantum Accounting Inc. Joins METI’s J-Startup Program as a Supporter
Quantum Accounting Inc. is pleased to announce that it has joined “J-Startup,” a startup nurturing support program promoted by the Ministry of Economy, Trade and Industry (METI), as a supporter. J-Startup is a venture support program launched by METI in 2018 with the goal of creating startup companies that can compete and win globally, and …
Takeda Pharmaceutical Co., Ltd. Lists on NYSE
On December 24, 2018, Takeda Pharmaceutical Co., Ltd. was listed on the NYSE. In conjunction with this event, we have updated our “U.S. Securities Market Guide Part 1: NYSE Listing by Japanese Companies.” https://quantum.accountants/ja/usipo_series1/
Interview with Mr. Mikio Sugihara, Nasdaq Japan Representative ~The Appeal of a Nasdaq Listing~
Please note that the original article is in Japanese. The following is a summary of its content. Nasdaq’s Mission and Strategy in Japan This article summarizes an interview with Mr. Mikio Sugihara, Nasdaq’s Japan Representative, on the exchange’s activities in Japan and the appeal of a Nasdaq listing for Japanese companies. Nasdaq’s Tokyo office, established …
Disclosure of Executive Compensation in the United States
Disclosure Rules for Executive Compensation in Japan Sparked by the controversy surrounding Mr. Carlos Ghosn’s compensation, disclosure requirements for the details and determination methods of executive compensation in Japan are set to be expanded. In Japan, a rule was introduced for fiscal years ending in or after March 2010, requiring listed companies to disclose the …
Ikinari! Steak Finally Lists on Nasdaq
Pepper Food Service, the operator of Ikinari! Steak, which had filed for a Nasdaq listing with the SEC on September 3, 2018, has successfully received approval and was listed on Nasdaq on September 28. This makes it the third currently listed Japanese company on Nasdaq, following IIJ and Fronteo. The most recent Nasdaq listing by …
IASB Considers Mandating Goodwill Amortization
Please note that the original article is in Japanese. The following is a summary of its content. IASB Reconsiders Mandatory Goodwill Amortization The Nikkei recently reported that the International Accounting Standards Board (IASB), which sets IFRS, has begun discussions to mandate the amortization of goodwill. According to the article, IASB Chairman Hans Hoogervorst stated that …
U.S. Securities Market Guide Part 5: Corporate Governance for Nasdaq Listing
Please note that the original article is in Japanese. The following is a summary of its content. Japan’s Governance Baseline for Listed Companies Under Japan’s Company Act, companies that are both “Large Companies” and “Public Companies” must adopt one of three robust governance structures. A Japanese venture company listing on Nasdaq will become a “Public …