FEES
Fees
We explain the scope of support and when each fee arises in writing before the agreement. The standard fees below apply to both buy-side and sell-side FA engagements.
Initial consultation
Free
We discuss the business and objectives and identify whether we can assist and what should be confirmed next.
Initial assessment and case organization
JPY 330,000
Japanese consumption tax included (JPY 300,000 before tax)
Payable after the FA agreement is executed and before services begin.
Monthly and interim fees
None
We do not charge a monthly fee or an interim fee upon signing a basic agreement.
SUCCESS FEE
Success fee
The fee base is the consideration received by the transferor for the transfer of shares, interests, a business, or other assets. The fee is calculated progressively by applying each rate to the corresponding portion of the transfer consideration.
| Portion of transfer consideration | Rate |
|---|---|
| Up to JPY 500 million | 5% |
| Over JPY 500 million up to JPY 1 billion | 4% |
| Over JPY 1 billion up to JPY 5 billion | 3% |
| Over JPY 5 billion up to JPY 10 billion | 2% |
| Over JPY 10 billion | 1% |
Example
For JPY 800 million of transfer consideration: JPY 500 million × 5% + JPY 300 million × 4% = JPY 37,000,000 before tax
Minimum success fee
There is no minimum success fee. Japanese consumption tax is added to the calculated amount.
Payment timing, termination, and expenses
- When the success fee arises
- The fee arises when closing is complete and payment of the transfer consideration is confirmed.
- Treatment of the initial fee
- The initial assessment and case organization fee is not credited against the success fee.
- Early termination
- There is no early termination fee. The initial assessment and case organization fee already paid is non-refundable, and the client remains responsible for pre-approved expenses incurred through the termination date.
- Outside professionals and expenses
- Attorney, tax accountant, CPA, and other professional fees, registry document fees, travel, and other out-of-pocket expenses are separate. Their scope, amount, and payment timing are estimated in advance and arise only after client approval.
- After the agreement ends
- If a tail clause is used, it is limited to candidates with whom we were involved and whom we introduced after name clearance. The applicable period and conditions for a success fee are explained in writing before signing.
Terms may be adjusted for the individual transaction, transfer structure, and scope of support. Final terms are provided before signing in the estimate, material-matters explanation, and FA agreement. We do not guarantee subsidy selection, payment, or expense eligibility.
CONFIDENTIAL INQUIRY
Initial M&A and business succession consultation
Please send only an overview, such as the company name, industry, reason for the consultation, and preferred contact method. The initial consultation is free.
Do not send patient information, medical records, detailed financial materials, identity documents, shareholder registers, or non-public agreements with your initial inquiry. We will explain the required materials and a secure submission method after confirming confidentiality and the scope of support.
Open the inquiry form