296A Reiwa Accounting Holdings

Jul 14, 2025
1 min read

Originated from Heisei Accounting Corporation, a tax accounting firm, the company engages in accounting and education support for subscriptions and one-off M&A support.

2 Comments

Japan Guru

Jul 13, 2025

looks like a boring subscription-based accounting biz on its face, but they are using AI to maximize revenue per person:

・Almost all work involves direct communication with clients

・Deep relationships with management of the clients, resulting in a 0.2% cancellation rate

・Consulting revenue ratio is 74%, average customer value is approximately 26 million yen

https://x.com/DeadFinanceCXO/status/1942501417606078725

Japan Guru

Jul 13, 2025

at 726 yen/share, 27.6 bil yen mkt cap vs 2.6 bil yen net cash

24.79x per / 8.92x pbr / 3.44% dividend