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The Japanese government designated 2022 the “first year of startup creation” and has been strongly promoting startup support ever since. New government policies include establishing startup investment as a pillar of the priority investment field, implementing startup support measures in the country’s largest-ever supplementary budget (around 1 trillion yen), launching a five-year plan that raises startup investment to 10 trillion yen by 2027, and committing to the creation of 100,000 startups in the future.

Our response at ES Next LLC has been to conclude contracts with growing companies that are developing new business models and technologies. The result has been rapid growth previously unimaginable in the Japanese audit firm industry. Our total revenue grew by 266% in 2022, 144% in 2023, and 127% in 2024. We also grew from only 7 partners when founded in July 2020 to 32 partners and over 140 staff members in December 2024. We appointed external governance committee members in 2022 and began applying the Audit Firm Governance Code in 2023.

New waves of innovation are sweeping through Japan and the world due to advances in areas such as generative AI, quantum technology, drug discovery and digital transformation. By focusing on growing companies that develop new business models and technologies, ES Next LLC will continue to grow at an unprecedented pace.