M&A「のれん」償却不要 政府の規制改革会議、企業の新陳代謝促す https://t.co/A8AzHxhNf5 ブランド力や技術力の対価とされ、日本の会計基準では定期償却が必要。営業利益を圧迫するため、スタートアップを買収する際の壁になっていました。
A key factor in Japan’s small-cap SaaS Valuation: Reform of TSE Growth Mkt began in early 2023 but remains in discussion, w/ next meeting set for July 2025. Japan’s consensus-driven approach over rapid change suggests implementation will be slow. Time value drag? Another 1-2 yrs? https://t.co/t4oNFKkhw9 https://t.co/3ZJaJ6KATm
Japan eyes overhauling treatment of goodwill to spur startup activity https://t.co/RZsN8jK1QQ
Japan is considering reforms to its accounting treatment of goodwill amortization to stimulate merger and acquisition (M&A) activity, particularly among startups and smaller firms. Under current Japanese Generally Accepted Accounting Principles (J-GAAP), companies must regularly amortize goodwill, which reduces reported operating profits and acts as a barrier to acquisitions. This amortization is non-deductible for tax purposes, further impacting earnings. The Japanese government’s regulatory reform council is exploring eliminating the requirement for goodwill amortization, a move expected to enhance corporate vitality and encourage M&A transactions. Chris Grose, global co-head of technology investment banking at J.P. Morgan, anticipates an acceleration of M&A activity into 2026. Meanwhile, discussions on reforms to the Tokyo Stock Exchange Growth Market, which began in early 2023, continue with a meeting scheduled for July 2025. Japan’s consensus-driven approach suggests that implementation of these reforms may take one to two years.