[Avantia Audit Corporation] Promoting "Group Join Strategy" for Sustainable Listed Company Audits

Avantia Audit Corporation will promote its "Group Join Strategy," where small and medium-sized audit corporations that share its philosophy grow together by leveraging this audit corporation's management base, in response to the changing environment surrounding listed company audits.

Audits of listed companies are a vital social infrastructure supporting the capital markets. Audit corporations, as their providers, are increasingly required to have advanced quality control, human resource development, and technology investment. On the other hand, many small and medium-sized audit corporations exist in Japan's listed company audit market, and it is becoming realistically difficult for each audit corporation to continue making the necessary investments independently and build a sustainable audit system.

Since its establishment in 2008, Avantia has continued to grow organically, not through mergers, and has made upfront investments in human resources, quality control, and technology. Furthermore, by providing the electronic audit working paper platform "AQuA" and other initiatives, Avantia is working not only for its own growth but also to strengthen the foundation of the entire audit industry.

The Group Join Strategy this time is distinct from mergers and acquisitions aimed solely at expanding scale. It is considered a new option for small and medium-sized audit corporations that, while finding independent investment difficult, engage sincerely with auditing and sympathize with Avantia's philosophy. By joining the Avantia platform, they can continue to provide listed company audits more stably and progressively while respecting the trust relationships and on-site knowledge they have built.

This audit corporation will continue to enhance its management base, including quality control, human resource development, technology, and knowledge sharing, while preserving its "organizational culture that values individuals" and "sincere attitude towards audit quality." Together with like-minded partners who share its philosophy, it will increase the sustainability of listed company audits and contribute to the sound development of the audit industry.

[Corporate Overview]

Name: Avantia Audit Corporation Representative: Representative Corporate Officer CEO, Nao Ogasawara Location: 2F Izumikan Sanbancho, 3-8 Sanbancho, Chiyoda-ku, Tokyo 102-0075

Established: May 2008

Number of Personnel: 243

Number of Listed Companies Audited: 56 Business Activities: Audits of listed companies, IPO audits, other assurance services, advisory services, etc.

URL: https://www.avantia.or.jp/

[Inquiries Regarding This Matter]

・Avantia Audit Corporation, Business Development Department

URL: https://www.avantia.or.jp/contact