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Keisho X

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Privacy Policy

Last updated: 21 October 2026

This Privacy Policy explains how Kenjin Labs合同会社 (“Kenjin Labs,” “we,” “us,” or “our”), the owner and operator of the Keisho X website, newsletter, and related services (the “Service”), handles personal information. We handle personal information in accordance with Japan’s Act on the Protection of Personal Information (個人情報の保護に関する法律, “APPI”), related guidelines of the Personal Information Protection Commission, and this Policy.

1. Business operator

2. Personal information we collect

You can read the Service without giving us any personal information. The newsletter, buyer register, and inquiry forms cannot work without the information they ask for.

3. Purposes of use

We use personal information for the following purposes:

  1. To reply to inquiries and, where you ask for it, to consider and follow up on introductions or engagements;
  2. To confirm newsletter subscriptions, send the newsletter, and process unsubscribes;
  3. To run the buyer register: to review (vet) buyer profiles and, only if you have given your separate consent, to share your profile with Japanese M&A advisers we have vetted so that they can contact you about businesses for sale;
  4. To operate, maintain, secure, and improve the Service, including measuring how it is used;
  5. To detect and prevent spam, fraud, abuse, and breaches of our Terms of Service;
  6. To comply with laws and respond to lawful requests from public authorities;
  7. To create statistical information that does not identify individuals.

We will not use personal information beyond these purposes without your consent, except as permitted by law. If we change the purposes, we will do so only within a scope reasonably related to the original purposes and will announce the change on this page.

4. Provision to third parties

We do not provide personal data to third parties without your prior consent, except where permitted by the APPI, for example:

We do not sell personal information. If you ask us to introduce you to a partner or advisor, we will share your inquiry with them only with your consent.

Sharing your buyer register profile with advisers

When you join the buyer register you can tick a separate box to consent to us sharing your profile. If you do, we provide your profile (your name, email address, buyer type, deal size range, sectors, regions, and any optional details you added) to Japanese M&A advisers and intermediaries that we have vetted, so that they can contact you about businesses for sale. We share a profile only after we have reviewed and approved it and you have confirmed your email address, and we never share our internal notes. If you leave the box unticked, we do not share your profile with anyone and you simply receive the newsletter. We keep a record of the consent you gave (when, and to which wording) and of which advisers received your profile and when.

Advisers who receive your profile are located in Japan and handle it under the APPI and their own privacy policies. You can withdraw your consent, change your answers, or delete your profile at any time using the private link in your confirmation email, or by contacting us. Once you withdraw, we stop sharing your profile; for advisers who have already received it, we will ask them to stop using it if you request this.

5. Service providers and transfers outside Japan

We use the following service providers to run the Service. Some are located outside Japan, so personal data may be handled in the countries listed:

The European Union is recognized by Japan’s Personal Information Protection Commission as having a personal information protection system equivalent to Japan’s. The United States has no single comprehensive federal privacy law; personal information there is protected by sector-specific federal laws and state laws. For each provider, we rely on its contractual data protection terms, which we consider to be measures equivalent to those required of a business operator under the APPI. You can ask us for more information about these measures using the contact details in Section 1. Information on other countries’ systems is published by the Personal Information Protection Commission.

6. Security measures

We take the following measures to keep personal data secure:

No method of transmission or storage is completely secure. If you believe your information has been compromised, please contact us.

7. Cookies, analytics, and external transmission

The Service uses cookies and similar technologies. When you view pages, your browser sends information directly to the following services:

You can block or delete cookies in your browser settings; some features may then not work properly.

8. Newsletter and unsubscribing

We send the newsletter only to addresses that have subscribed. Every issue contains an unsubscribe link that works with one click, and you can also unsubscribe by emailing [email protected]. After you unsubscribe we keep your address and the unsubscribe date so that we do not email you again. Our email provider may record whether messages were delivered, opened, or clicked.

Joining the buyer register also subscribes you to the newsletter once you confirm your email address. Unsubscribing from the newsletter stops only the newsletter. If you consented to sharing your buyer profile with advisers, that consent stays in place until you withdraw it. To withdraw your consent, change your answers, or delete your profile, use your private profile link or contact us.

9. Your requests (disclosure, correction, suspension of use)

Under the APPI, you may ask us to:

To make a request, email [email protected] or use the contact form, describing what you are asking for. We will confirm your identity in a reasonable way (normally by replying to the email address we hold) and respond without undue delay. If we cannot meet a request in whole or in part, we will tell you why, as required by law.

10. Retention

We keep personal data only as long as needed for the purposes in Section 3: inquiry information for as long as needed to respond and keep appropriate business records; newsletter data while you are subscribed and, after you unsubscribe, the minimum needed to honor the unsubscribe; buyer register profiles until you delete your profile, ask us to delete it, or we close the register, and records of your consent and of provision to advisers for as long as the law requires; and technical data for limited periods needed for security and troubleshooting. We delete or anonymize personal data when it is no longer needed, unless law requires us to keep it.

11. Visitors from outside Japan

The Service is operated from Japan. If you are in another country, your information is handled in Japan and in the countries listed in Section 5. If the EU General Data Protection Regulation (GDPR) or UK GDPR applies to you, we rely on your consent (newsletter, and sharing your buyer profile with advisers), on taking steps at your request (inquiries), and on our legitimate interests in operating and securing the Service; you may have rights of access, rectification, erasure, restriction, portability, and objection, and the right to complain to your supervisory authority. Contact us to exercise them.

12. Children

The Service is intended for business and professional readers and is not directed to anyone under 18. We do not knowingly collect personal information from children. If you believe we have, please contact us and we will delete it.

13. Changes to this Policy

We may update this Policy to reflect changes in law or in how the Service works. We will post the updated Policy on this page with a new “last updated” date, and announce material changes on the Service in advance where reasonably possible.

14. Contact

For questions, requests, or complaints about how we handle personal information, contact [email protected] or use the contact form.

Operator: Kenjin Labs合同会社, 23-7 Umezu Nishiurachō, Ukyo Ward, Kyoto 615-0917, Japan.