The FSA’s Type 1 licence is the key to Japan’s capital markets—enabling proprietary trading, underwriting and brokerage. New applications take years and success is limited; M&A is the most efficient route. This target is in central Tokyo with over a decade of compliance track record and stable institutional client relationships; market valuation exceeds ¥1.5bn.
HaoHao supports the buyer through regulatory due diligence, valuation negotiation and deal structuring. We use a valuation framework combining scenario analysis, comparable transactions and DCF, and adjust assumptions to the buyer’s strategy (quick licence capture vs. long-term operation). For targets with historical losses or in transition, we separate “licence value” from “business value” to give both sides a clearer basis for negotiation.
Scarce licence value — Type 1 is among the FSA’s top-tier licences; de novo application takes years with limited success—M&A is the most efficient path.
Post-M&A compliance — AML/KYC upgrade and Doni AI–based tools to improve compliance efficiency.
Digital finance — Leveraging buyer resources: digital asset management, cross-border payments and wealth tech.
