Cross-border M&A / PMI
Acquisition of a multinational company by a listed company
Fair Consulting Group organized a cross-border team and performed the due diligence in 3 countries and consolidated-basis share valuation.
As a result of the due diligence, some accounting issues were found in a Thai subsidiary. We supported improvement of its business process and accounting system, then provided BPO through Fair Consulting Thailand, so that the business system that achieves the consolidated financial reporting was established in the overseas subsidiary.
Introduction of group management system
Establishing monthly consolidated financial reporting system in an unlisted middle-sized company
The company has many overseas subsidiaries and hence many intra-group transactions. The company had not managed to make management decision from the perspective of group accounting as it had not yet prepared consolidated financial statements, and financial institutions also requested consolidated financial results. The monthly consolidated financial reporting was necessary, and Fair Consulting supported the company from the phase to consider the method of setting up the operation system.
“Multidimension”, “multilingual”, “multi-currency”, and “multi-bases” are essential requirements for monthly consolidated financial reporting system. The project was commenced with focusing on “introduction of global consolidation management system” and “establishment of operation system (including training and agency service).”
Global BPO with cloud-based accounting system
BPO related to accounting works of ASEAN-located affiliated companies of a major global company
In progress of BPO of administrative works in a major global company, Fair Consulting Group engaged in BPO of accounting and tax works of the ASEAN-located subsidiaries.
Visualizing accounting data of overseas subsidiaries was realized by applying the cloud-based accounting system to their bookkeeping process.
Support for global internal audit
Provide support locally for internal audit program for a major global company
Fair Consulting Group provided internal audit of overseas subsidiaries in over 20 countries worldwide in two-year cycle. FCG’s consultants in neighboring offices were in charge of each audit for overseas subsidiaries, and prepared an internal audit report in Japanese.
In order to keep the internal audit in each country at the same level, Fair Consulting Tokyo Office controlled the quality of the audits.
Rearrangement of group capital scheme and reorganization procedures
A global restructuring project accompanying business integration of Japanese companies
In line with the integration of domestic businesses in Japan, the group's capital scheme was strategically reorganized from the perspective of international tax (global tax planning), cash management (global cash management) and foreign investment regulations.
After the reorganization of the group’s capital scheme initiated by the Japanese headquarter, Fair Consulting Group supported the implementation of the capital restructuring procedures (share transfer, merger and liquidation) comprehensively in each country.
Phase1Defining the global restructuring
Based on the business integration between Japanese companies, the optimal post-integration global organization scheme was defined from the perspective of international taxation, etc.
Phase2Implementation of restructuring procedures (share transfer and liquidation)
The restructuring procedures are implemented in each country based on the definition as performed in Phase 1.
①Share transfer setting a Singapore company as an ASEAN regional headquarter
①Successively liquidated China company and Hong Kong company
Documentation in BEPS project
A BEPS documentation project in a middle-sized manufacturer
BEPS project was launched as a result of the introduction in Indonesia in 2017, the master file and local file were prepared. Following the documentation performed in Indonesia, supporting the documentation in Vietnam was also provided in 2018.
Fair consulting group established the project management team and international tax advisory team in Tokyo, and assisted the project with the teams located in each country in coordinating across the world.