We would like to introduce some of the practical achievements we have accumulated over the past 30 years, mainly in the field of finance.
Business results of
Tokyo Kyodo Accounting Office/
Tokyo Kyodo FAS Co., Ltd.
(excerpt)
Structured Finance
| Services Provided | Industry Sector of Target Entity | Industry Sector of Client |
|---|---|---|
| Advice from accounting and tax perspectives pertaining to the securitization of real estate | Real estate | Real estate and others |
| Evaluation of monetary claims, including mortgages and securitized products backed by such claims | Financial service | Financial institution |
| Advice from accounting and tax perspectives pertaining to the securitization of monetary claims and the structuring of securitized products | Financial service | Financial institution |
| Advice from accounting and tax perspectives on developing new products that utilize trusts, such as Japanese ESOP | Trust service | Financial institution |
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Project Finance
| Services Provided | Industry Sector of Target Entity | Industry Sector of Client |
|---|---|---|
| Advice from accounting and tax perspectives for the privatization (concession) of airports and other entities (incl. development of business plans) | Airport and others | Local government and private business operators |
| Advice from accounting and tax perspectives on financing schemes when privatizing (concession) an airport and expanding investments | Airport | Financing institution |
| Development of business plans for airports and calculation of stock prices | Airport | Airport operator and others |
| Advice from accounting and tax perspectives on the financing structures of thermal power plants (coal and LNG) | Power generation | Financing institution/Electric power company |
| Development of business plans for renewable energy (solar power, onshore/offshore wind, biomass) | Power generation | Financial institution and various business operators |
| Advice on financing schemes, acquisition schemes and other aspects for renewable energy | Power generation | Financial institution and various business operators |
| Advice from accounting and tax perspectives and development of business plans or the provision of support thereof for various PFIs (communication satellites, use of private vessel by SDF, sewage, day nursery and other facilities) | Various | Financial institution and various business operators |
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Financial Advisory (FA)
| Services Provided | Industry Sector of Target Entity | Industry Sector of Client |
|---|---|---|
| FA services on the acquirer side related to the acquisition of a facility management/electrical equipment work company in Singapore | Facility management Electric equipment work (Unlisted) |
Building maintenance (Listed) |
| Advisory services on the disposition of assets and entitlements for a German EPC player | (Unlisted) Solar power-related SPC |
Solar power-related EPC operator (Unlisted) |
| Advisory services on investments in renewable energy area | Solar power-related SPC | Financial investment company (Listed) |
| Advisory services on business alliances | Healthcare-related (Unlisted) |
Temporary staffing service (Unlisted) |
| Advisory services on overseas expansion and business launches by a Japanese business entity | － | General business entity (Unlisted) |
| FA services for rehabilitation-type M&A including finding a sponsor in a debt waiver project | Restaurant (Unlisted) |
Same as on the left |
| Advisory and structuring services for the acquisition of a Bahama-based holding company | Food processing/sales (Unlisted) |
Trading company (Listed) |
| Advisory and structuring services pertaining to the capital policy of a venture business | General business entity (Unlisted) |
Healthcare-related (Unlisted) |
| Support of negotiations for refunding of investments from a government fund in an R&D/manufacturing company | Material manufacturing (Unlisted) |
Research, development and manufacturing (Unlisted) |
| Advisory services for the acquisition of an optical products manufacturer | Optical products manufacturer | General business entity (Listed) |
| Financial/tax DD services and support in the negotiation of transfer prices pertaining to a transfer deal when transferring shares of a Japanese entity owned by a U.S. based investment company | Specialized trading company (Unlisted) |
Investment company (U.S., unlisted) |
| FA, financial/tax DD services in the acquisition of a Thai transportation company by a Japanese corporation and advisory services on the acquisition scheme | Transportation company (Thailand, unlisted) |
Logistics and warehousing company (Listed) |
| FA support, financial/tax DD services, and stock valuation in the acquisition of a Japanese transportation company and advisory services on the acquisition scheme | Transportation company (Unlisted) |
Solar power-related EPC operator (Unlisted) |
| FA and structuring services when receiving investment in a R&D/manufacturing company from a government fund | Material manufacturing (Unlisted) |
Research, development and manufacturing (Unlisted) |
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Valuation (Val)
| Services Provided | Industry Sector of Target Entity | Industry Sector of Client |
|---|---|---|
| Calculation of stock prices of the company invested in (car dealer) when a non-life insurance company sold part of the company’s shares (tendering for TOB) | Car dealer (Unlisted) |
Non-life insurer (Listed) |
| Evaluation of the business value for business acquisition of a Thai IT venture business by a major telecommunications system company | IT venture business (Thailand, unlisted) |
Telecommunications system company (Listed) |
| Company split of a subsidiary engaged in land trust and PM business, as well as financial/tax DD services and the calculation of stock values envisioning the subsequent transfer of shares | Trust and other services (Unlisted) |
Real estate (Listed) |
| Stock valuation and financial DD services for the acquisition of an EC venture business by a department store | EC business (Unlisted) |
Department store (Listed company) |
| Financial DD and stock value calculation services for the partial transfer of shares of a plastic container manufacturer | Plastic container manufacturer (Unlisted) |
Wholesaling (Unlisted) |
| Financial DD and stock value calculation services for the partial transfer of shares of a printing company | Printing service (Unlisted) |
Wholesaling (Unlisted) |
| FA, financial/tax DD services in the acquisition of a Thai transportation company by a Japanese corporation and advisory services on the acquisition scheme | Transportation company (Thailand, unlisted) |
Logistics and warehousing company (Listed) |
| FA support, financial/tax DD services, and stock valuation in the acquisition of a Japanese transportation company and advisory services on the acquisition scheme | Transportation company (Unlisted) |
Logistics and warehousing company (Listed) |
| Calculation of share exchange ratio on the subsidiary side when a listed consolidated subsidiary company in the leisure industry was to be wholly owned by the parent through a share exchange | Leisure business (Listed) |
Leisure business (Listed) |
| Stock value calculation services for the acquisition of a music school | Music school (Unlisted) |
Specialized trading company (Unlisted) |
| Stock value calculation services for the acquisition of a door-to-door cosmetics sales company | Door-to-door cosmetics sales (Unlisted) |
Door-to-door cosmetics sales (Unlisted) |
| Calculation of share exchange ratio as the calculation agent on the subsidiary side when a consolidated subsidiary company was to be wholly owned by the parent through a share exchange | Gas service (Listed) |
Gas service (Listed) |
| Preparation of calculation documents to submit to the court in a dispute case regarding the value of shares to be bought from former company officials | Temporary staffing service (Unlisted) |
Temporary staffing service (Unlisted) |
| Stock value calculation services for the sale of a air-conditioning equipment sales company | Air-conditioning equipment sales (Unlisted) |
Air-conditioning equipment work (Listed) |
| Stock value calculation services for the acquisition of a aircraft lease and other businesses | Aircraft lease business (Unlisted) |
Investment fund (Unlisted) |
| Preparation of calculation documents to submit to the court in a dispute case regarding the value of a subsidiary company’s shares to be bought | Manufacturing and processing service (Unlisted) |
Manufacturing and processing service (Listed) |
| Appraisal of shares for a share transfer assuming business succession of a Japanese-American joint venture | Equipment importer (Unlisted) |
Equipment manufacturing (U.S., listed) |
| Stock value calculation services for the acquisition of a gaming software development/sales company | Gaming software development/sales (Unlisted) |
Leisure business (Listed) |
| Stock value calculation services for the acquisition of an apparel sales business (luxury garment brand) | Apparel sales (Unlisted) |
Apparel sales (Unlisted) |
| Stock value calculation services for the acquisition of a securities company | Securities company (Unlisted) |
Securities company (Unlisted) |
| Financial DD services and stock value evaluation for the minority investment (nearly 20%) when making a business partnership with a marketing application development company based in North America | Application development (U.S., unlisted) |
Communication media service (Listed) |
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Due Diligence (DD)
| Services Provided | Industry Sector of Target Entity | Industry Sector of Client |
|---|---|---|
| Financial/tax DD for MBO of a CM production company | CM production (Unlisted) |
Management of CM production company (Unlisted) |
| Financial/tax DD for a business alliance and third-party allocation of shares of a group subsidiary | Financial service (Unlisted) |
Electrical equipment sales (Listed) |
| Financial/tax DD for the acquisition of a master franchiser of a pharmacy chain by a private equity fund | Pharmacy (Listed subsidiary) |
Private equity |
| Financial/tax DD for the acquisition of a Japanese unlisted company in the same business by a public environment/inspection company listed on the French market | Environment/inspection service (Unlisted) |
Environment/inspection service (France, listed) |
| Financial DD for the acquisition of a hotel business in Japan by an investment company in Hong Kong | Hotel (Malaysia, unlisted company) |
Investment company (Hong Kong., unlisted) |
| Financial/tax DD for the acquisition of an SPC engaged in the solar power generation business | Solar power generation (Unlisted) |
Securities service (Listed) |
| Company split of a subsidiary engaged in land trust and PM business, as well as financial/tax DD services and the calculation of stock values envisioning the subsequent transfer of shares | Trust and other services (Unlisted) |
Real estate (Listed) |
| Financial/tax DD for the acquisition of an environmental technology consulting business | Consulting service (Unlisted) |
Air-conditioning equipment work (Listed) |
| Financial/tax DD for the acquisition of a shoes sales business | Shoes sales (Unlisted) |
Investment fund (Unlisted) |
| Financial DD services for the acquisition of a mobile phone sales business | Mobile phone sales (Listed) |
Mobile phone sales (Listed) |
| Stock valuation and financial DD services for the acquisition of an EC venture business by a department store | EC business (Unlisted) |
Department store (Listed company) |
| Financial DD and stock value calculation services for the partial transfer of shares of a plastic container manufacturer | Plastic container manufacturer (Unlisted) |
Wholesaling (Unlisted) |
| Financial DD and stock value calculation services for the partial transfer of shares of a printing company | Printing service (Unlisted) |
Wholesaling (Unlisted) |
| Financial/tax DD services and support in the negotiation of transfer prices pertaining to the transfer deal when transferring shares of a Japanese entity owned by a U.S. based investment company | Specialized trading company (Unlisted) |
Investment company (U.S., unlisted) |
| FA, financial/tax DD services in the acquisition of a Thai transportation company by a Japanese corporation and advisory services on the acquisition scheme | Transportation company (Thailand, unlisted) |
Logistics and warehousing company (Listed) |
| FA support, financial/tax DD services, and stock valuation in the acquisition of a Japanese transportation company and advisory services on the acquisition scheme | Transportation company (Unlisted) |
Logistics and warehousing company (Listed) |
| Financial/tax DD for the acquisition of a steel pipe manufacturing and whole sale business | Steel pipe manufacturing and sales (Unlisted) |
Steel business (Unlisted) |
| Financial DD services and stock value evaluation for the minority investment (nearly 20%) when making a business partnership with a marketing application development company based in North America | Application development (U.S., unlisted) |
Communication media service (Listed) |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions, as well as the coordination of financial institutions and support for negotiation | Medical corporation (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions, as well as the coordination of financial institutions and support for negotiation | Wood (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions, as well as the coordination of financial institutions and support for negotiation | Electric (manufacturing) (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions including conversion to capital-funding loans, as well as the coordination of financial institutions and support for negotiation | Packaging (manufacturing) (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions including conversion to capital-funding loans, as well as the coordination of financial institutions and support for negotiation | Food distribution (Unlisted) |
Same as on the left |
| Financial/tax DD for the acquisition of a company by a PE fund | Restaurant business (Unlisted) |
Fund |
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Financial/Tax (Structuring)
| Services Provided | Industry Sector of Target Entity | Industry Sector of Client |
|---|---|---|
| Advisory and structuring services for the acquisition of a Bahama-based holding company | Food processing/sales (Unlisted) |
Trading company (Listed) |
| Advisory and structuring services pertaining to the capital policy of a venture business | General business entity (Unlisted) |
Healthcare-related (Unlisted) |
| FA, financial/tax DD services in the acquisition of a Thai transportation company by a Japanese corporation and advisory services on the acquisition scheme | Transportation company (Thailand, unlisted) |
Logistics and warehousing company (Listed) |
| FA support, financial/tax DD services, and stock valuation in the acquisition of a Japanese transportation company and advisory services on the acquisition scheme | Transportation company (Unlisted) |
Logistics and warehousing company (Listed) |
| Advice on the optimum structure for the acquisition of a local wholesaler covering the entire EU area by a medical equipment manufacturer/sales business | Drug and medical equipment wholesaling (Unlisted) |
Medical equipment manufacturing/sales (Unlisted) |
| Advice on structuring for the reorganization effort at a domestic regional headquarters of a major telecommunications system company | Group company (Unlisted) |
Telecommunications system company (Public company) |
| FA and structuring services when receiving investment in a R&D/manufacturing company from a government fund | Material manufacturing (Unlisted) |
Research, development and manufacturing (Unlisted) |
| Advice from a tax perspective regarding a third-party allocation of shares for a domestic listed company | PE fund | Same as on the left |
| Advice from a tax perspective regarding the investment scheme of a PE fund for an unlisted company | PE fund | Same as on the left |
| Advice from accounting and tax perspectives regarding the scheme of an employee shareholding association using a general incorporated association | Manufacturing (Unlisted) |
Same as on the left |
| Accounting and tax advisory services for company splits | Transportation business (Unlisted) |
Same as on the left |
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Business Revitalization, Corporate Turnaround, Business Improvement, etc.
| Services Provided | Industry Sector of Target Entity | Industry Sector of Client |
|---|---|---|
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions, including new-money support, as well as the coordination of financial institutions and support for negotiation | Food (manufacturing) (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions, as well as the coordination of financial institutions and support for negotiation | Medical corporation (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions, as well as the coordination of financial institutions and support for negotiation | Wood (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions, as well as the coordination of financial institutions and support for negotiation | Electric (manufacturing) (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions including conversion to capital-funding loans, as well as the coordination of financial institutions and support for negotiation | Packaging (manufacturing) (Unlisted) |
Same as on the left |
| Support for organizing a business revitalization plan in order to ensure a collaborative framework of a group of financial institutions including conversion to capital-funding loans, as well as the coordination of financial institutions and support for negotiation | Food distribution (Unlisted) |
Same as on the left |
| Support for implementation of the reform roadmap provided in the Business Revitalization Plan | Surveying (Unlisted) |
Same as on the left |
| Support for implementation of the reform roadmap provided in the Business Revitalization Plan and support for Debt-IR | Logistics (Unlisted) |
Same as on the left |
| Verification and reporting concerning the Business Revitalization Plan assuming a debt waiver | Food (manufacturing) (Unlisted) |
Same as on the left |
| BPR services when reorganizing the Japanese entity of a U.S. listed restaurant chain | Restaurant chain (Unlisted) |
Restaurant chain (U.S., listed) |
| Verification and reporting concerning the Business Revitalization Plan assuming a debt waiver | Food (manufacturing) (Unlisted) |
Same as on the left |
| Support for development of a business plan concerning refinancing, including capital-funding loans for an insolvent company | Logistics (Unlisted) |
Same as on the left |
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