PricewaterhouseCoopers Aarata LLC
PricewaterhouseCoopers Kyoto
16 October 2023
PricewaterhouseCoopers Aarata LLC (Head office: Chiyoda-ku, Tokyo; CEO: Takaaki Ino; hereinafter ‘PwC Aarata’) and PricewaterhouseCoopers Kyoto (Head office: Kyoto-city, Kyoto; Managing Partner: Keiichiro Kagi; hereinafter ‘PwC Kyoto’) have been in discussions to integrate, as announced in our previous press release dated 1 June 2023. We are pleased to announce that the two firms have reached a final consensus and have signed a merger agreement dated 2 October 2023.
Pursuant to the agreement, PwC Aarata (as the surviving audit firm) and PwC Kyoto will merge on 1 December 2023, and the name of the new firm will be changed to PricewaterhouseCoopers Japan LLC as of the same date.
The CEO of the new firm will be Takaaki Ino, and Keiichiro Kagi is to be appointed as acting CEO of the new firm.
Going forward, we expect to see significant changes in the environment in which audit firms operate, as firms are increasingly called upon to provide assurance over sustainability-related disclosures and continue to enhance audit quality through technological innovation.
Through this integration, we will continue to work to build trust and deliver sustained outcomes for our stakeholders by providing high-quality trust services that draw on the strengths of both firms and combine our capabilities into one.
We will also continue our efforts to realise PwC's Purpose: to build trust in society and solve important problems.
About PricewaterhouseCoopers Aarata LLC
As a member of the PwC global network, PricewaterhouseCoopers Aarata LLC strives to become a leading firm to build trust in a digital society and resolve important social issues. We provide high-quality audit services that meet global standards, building on trusted audit approaches and cutting-edge technologies developed throughout the long history of the PwC network. We also leverage this knowledge to advise our clients through broader assurance services in a variety of fields, including accounting, internal controls and governance, as well as cybersecurity, regulatory requirements, digitalisation and initial public offerings.
Established:1 June 2006
Headcount: 3,006 (as of 30 June 2023）
Business revenue: 60.981 billion yen (for the fiscal term from 1 July 2022 to 30 June 2023）
For more details, please see our report on the state of business and assets (in Japanese).
About PricewaterhouseCoopers Kyoto
Through financial audits, support for the construction and auditing of internal controls and support for initial public offerings (IPOs), PricewaterhouseCoopers Kyoto helps a wide range of clients build trust and deliver sustained outcomes—from venture businesses to large national and multinational enterprises. As a member firm of the PwC global network, we bring together the knowledge of diverse professionals and leverage the latest technologies to deliver high-quality services and contribute to solving problems in society.
Established: 19 March 2007
Headcount: 443 (as of 30 June 2023）
Business revenue: 6.99 billion yen (for the fiscal term from 1 July 2022 to 30 June 2023）
For more details, please see our report on the state of business and assets (in Japanese).
