International Accounting and Financial Statements

SANSEI conducts all outsourced work – accounting, payroll calculations, and social insurance – in English.

International Financial Reports

As the business world rapidly grows more global, the number of countries requiring or permitting the use of International Financial Reporting Standards (IFRS) for the preparation of financial statements continues to increase. Still, some countries remain in transition or deliberation over IFRS. In the United States, for example, the Securities and Exchange Commission (SEC) continues to deliberate whether to incorporate IFRS into the financial reporting system for American companies.

SANSEI communicates ongoing with the client head office, and timely creates international financial reports according to client requirements.

Bank Balance Reports

SANSEI provides ongoing maintenance of the Japan company bank book and seal, to include providing overseas head offices with periodic reports on Japan banking records. In conjunction with this account maintenance, we also oversee proxy payments to foreign capital-affiliated companies, handle payroll calculations and remittances, and finalize related social and labor insurance remittances and reports.

It can be challenging to conduct business efficiently in Japan without a Japanese company bank account. The banking system in Japan is comparatively traditional, and only Japanese banks have all the domestic networks in place. Further to consider in this regard is that Japanese banking processes are conducted using primarily Japanese language.

SANSEI aids client banking ongoing in English—all the while monitoring and reporting Japan bank activity, and overseeing balances according to client dictate.

Head Office Communications

Our professional bilingual staff undergo continual training to meet the specialized challenges of conducting international business in Japan. Our staff file monthly financial reports with head offices overseas through ongoing communications with the client, which sometimes involve teleconference discussions with the CFO. Such communicative approach empowers us to fulfill client expectations to highest levels, and fosters within our clients a long-running commitment and trust in SANSEI service.

Comprehensive Agent for Accounting · Foreign Capitalized Firms

SANSEI performs as accounting department for foreign capitalized firms with branches and subsidiaries in Japan. As overseeing bookkeeping processes, we take an integral, cooperative role with the client head office in analyzing results for the Japan business. We are consulted by the head office on matters such as the direction of the Japan business, taxation and tax positions, the handling of consumption tax and reporting, company capitalization, intercompany loans, repatriation of profits, regulatory compliance, and more. Such supplemental analysis functions performed by SANSEI prove indispensable for client operations in Japan.