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Keisho X
Research materials on Japanese SME succession: guides, briefings, and reference tools

Keisho X

Learn Japanese SME succession

Guides for the long view, briefings for what just changed, and tools for serious research — one library, not three menus.

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Cornerstone guides

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Japanese and foreign professionals exchanging documents in a Tokyo office with Tokyo Tower in the background
Policy & Ecosystem 6 min read

FEFTA, Visas, and Foreign Ownership Practicalities in Japan

The regulatory layer for foreign buyers of Japanese businesses: how FEFTA notification actually works, which sectors are designated, the Business Manager visa path, banking and guarantee hurdles, and sequencing that keeps deals on track.

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Japanese owner, advisor, and foreign buyer reviewing financial statements and earnings multiples in a Tokyo office
Valuation & Economics 6 min read

Valuation Reality in Japanese Succession Deals

What Japanese SMEs actually sell for in succession deals: the net-asset-plus-goodwill convention, realistic earnings multiples, why reported profit misleads, and how deal structure changes the real price.

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Japanese SME owner and foreign buyer shaking hands across a conference table in a Tokyo high-rise, with advisors looking on
Foreign Buyer Lens 8 min read

The Complete Foreign Buyer's Guide to Japanese SME Succession

How Japanese business succession (jigyo shokei) actually works for foreign buyers: the market reality, the process from thesis to close, realistic timelines, and the mistakes that end deals before they begin.

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Latest

From the Brief

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Aging Japanese shop owner handing over keys and company seal to a younger foreign buyer in a modest workshop office
Market Observations 2 min read

Zero-Yen Acquisitions: Real, Growing, and Not Actually Free

Nominal-price business transfers are a real and visible slice of Japan's succession market. What a zero-yen deal actually transfers, when it makes sense, and how to price the 'free' company honestly.

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Reference

Research tools

Japan Succession Brief

The intelligence serious buyers forward to colleagues

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