Newsletter No.11 Top page

J-GAAP and IFRS

"J-SOX"

2007 Tax Reform Act 1~5
(also includes update to 2006)

1.

Related to the Company Act, Revise tax rate both National and Local tax

2.

Taxation on Financial, Securities & Housing

3.

Family Corporations surtax & Directors' Compensation

4.

Depreciation

5.

Lease Transactions

Payroll Update

Establishment of Yamamoto
Social Insurance and
Consultant Office

Preparation of English
Annual Reports

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OKAMOTO & COMPANY
International Accounting Office
/ Hanato Tax Accountant Office
Hirakawacho Daiichi Seimei Bldg.
1-2-10 Hirakawacho, Chiyoda-ku Tokyo, Japan 102-0093
TEL +81-3-5276-0900
FAX +81-3-5276-0950
E-mail:info@okamoto-co.com

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Preparation of English Annual Reports

Japanese...

In an environment where foreign investment into Japan continues to grow, the need for adequate financial reporting and disclosures for Japanese public companies is rising. The financial section of such English annual reports require technical accounting expertise. Knowledge of the differences among Japanese GAAP, US GAAP and IFRS are necessary to properly address issues faced by foreign investors. Inadequate or erroneous disclosure may also be worse than no disclosure at all. Many companies require and seek professional help.

If you would like high quality service but do not have the budgets to seek assistance from the Big Four, Okamoto & Company may be a good fit for you. We employ numerous US CPAs and have experience preparing English annual reports for dozens of public companies in Japan in a wide range of industries.

Copyright 2007 Okamoto & Company, Inc.