Service 06

Support for M&A,
Succession and Exit

Many small and mid-sized Japanese companies are looking for a successor. Taking over a company that already has customers, employees and permits lets you launch faster than starting from scratch. We support acquisitions, sales, integration and exit end to end.

Handled by
Certified public accountants, certified tax accountants, attorneys, judicial scriveners, labor and social security attorneys
Last updated
October 28, 2026

Who this is for

  • You want to acquire a Japanese company to start or expand your business in Japan
  • You want to take over the business of a Japanese company without a successor
  • You want to sell a Japanese company you own
  • You want to close your Japanese subsidiary or branch and exit

Share transfer vs. business transfer

The choice determines which contracts and permits carry over, the risk of inheriting liabilities, and the taxes.

Point of comparisonShare transferBusiness transfer
What transfersThe company itself (assets, liabilities, contracts, employees)Selected assets and contracts
PermitsGenerally stay with the companyOften need to be obtained again
Contracts and employmentGenerally continue as they areIndividual consent of counterparties and employees required
Off-book liabilitiesMay be inheritedEasier to limit

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For acquisitions by foreign investors, some industries require prior notification under FEFTA. Even when you join management through an acquisition, visa requirements are reviewed separately.

What we do

Acquisitions (buy-side)

We clarify your goals and terms, and support you through deal sourcing, valuation, negotiation, the letter of intent, the definitive agreement and closing. We also prepare materials that address sellers' concerns about employees, the company name and business partners.

Due diligence (pre-acquisition review)

Professionals in each field examine finance, tax, legal, labor, permits, real estate, and IT and personal data. We focus on off-book liabilities, unpaid overtime, social insurance non-enrollment, nominee shares and transactions with the owner personally.

Sales (sell-side)

We support foreign owners who want to sell their Japanese company, and Japanese owners who want to sell to a foreign buyer. We handle everything from pre-sale preparation to valuation, finding buyers, negotiation, the contract, and tax estimates and filings.

Post-merger integration (PMI)

We support the 100-day plan after acquisition, director change registrations and permit change notifications, unifying accounting and head-office reporting, HR systems, and communication with financial institutions and business partners.

Exit and liquidation

Resolution and registration of dissolution, public notice in the Official Gazette and notice to creditors, disposal of assets and payment of debts, and registration of completion of liquidation. We also support tax filings, closing social insurance, employee departures, the impact on visas, and remittance of remaining assets, end to end.

Why TIMOA

  1. 01

    From pre-acquisition review to FEFTA, visas, permits, registrations and post-acquisition operations, the same team handles it all.

  2. 02

    We conduct negotiations and explain documents in Japanese, Chinese and English.

  3. 03

    When you exit, tax, labor, visas and remittance also move forward through one point of contact.

Fees

Fees are quoted once we understand the nature and scope of your engagement. Please contact us first.

Ask about fees

Frequently asked questions

Can foreigners acquire Japanese companies?

Yes. Some industries require prior notification under FEFTA, in which case the deal is executed after the review result is received.

If I buy a company, will I get a Business Manager visa?

Even when you join management through an acquisition, visa requirements are reviewed separately. Before negotiating, we check whether the target company's size and business meet the requirements.

Can permits be carried over?

In a share transfer, permits generally stay with the company. However, director change notifications are required, and the new directors must not fall under any disqualifying grounds. In a business transfer, many permits must be obtained again.

How long does it take to close a Japanese company?

Public notice in the Official Gazette alone takes at least two months, so it takes several months at minimum. Including asset disposal and tax, around six months is typical.

Start with a free consultation.

We meet online, in Japanese, Chinese or English.

Get a free consultation