This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tokyo Metropolitan Government Awards Accenture Second Contract To Recruit Foreign Companies For Tokyo’s Special Zone

The Tokyo Metropolitan Government (TMG) has awarded Accenture (NYSE:ACN) a second, one-year contract, through March 2015, to continue attracting foreign companies to locate their regional headquarters or research and development (R&D) centers in Tokyo's Special Zone for Asian Headquarters.

Accenture exceeded its original FY13 objective of recruiting 10 foreign firms, which represent a diverse range of industries, including environmental, medical, entertainment as well as information, communications and technology (ICT) companies. The TMG has a goal of attracting 50 regional headquarters or R&D centers to the Special Zone by the end of 2016.

The “Special Zone” includes areas designated by the national government that are designed to increase foreign investment by offering companies that locate there preferential tax treatment, a more deregulated business environment as well as fiscal and financial assistance. The zone includes areas located around the Shinjuku, Shibuya, Shinagawa and Tamachi stations, Central Tokyo and the waterfront, as well as the area around the Haneda airport.

Accenture will continue its outreach to new, prospective company targets to further enhance Tokyo’s international competitiveness by marketing the city’s attractiveness for foreign investment.

“We are honored to continue working on a program that is critically important, not only to Tokyo, but to Japan’s global competitive positioning as well,” said Hiroshi Goto, who leads Accenture’s Health & Public Service business in Japan. “We will do our best to recruit foreign companies, based on the experience and knowledge we’ve gained during the first year of this project.”

Companies that locate in the Special Zone are eligible for the following benefits:
  • Consulting services: Accenture will provide management consulting services to foreign companies, from initial consideration of entry or expansion into the Japanese market until they make their final decision to locate their Asian regional headquarters or R&D centers in the Special Zone. These services will include the formulation of growth strategies, market research and analysis and the identification of prospective business partners.
  • Business Development Center TOKYO: The government has created a bilingual center designed to support business activities, including general business consulting services, and also provides assistance to employees relocating to Tokyo – helping them build their lives in a new city. The TMG has commissioned Medical Associa to provide these services.
  • Subsidy programs: Subsidies through the TMG will be provided for up to 50 percent of “Status of Residence” costs, including recruiting costs, the cost of establishing offices in Tokyo and various notification costs when locating Asian regional headquarters or R&D centers in the Special Zone.
  • Preferential Tax Treatment: If newly established Japanese corporations locate their Asian regional headquarters or R&D centers in Tokyo, and satisfy certain requirements, they will be eligible to receive either a reduced effective corporate tax rate, competitive with other Asian cities, or special depreciation rates (50 percent of machinery acquisition costs, 25 percent of building acquisition costs) or an investment tax credit (15 percent of machinery acquisition costs, 8 percent of building acquisition costs).

Learn more about the Tokyo’s Special Zone for Asian Headquarters and the companies headquartered there.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 289,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.48 -1.40%
FB $116.49 -0.21%
GOOG $692.23 0.18%
TSLA $239.66 -3.20%
YHOO $36.42 -0.46%


Chart of I:DJI
DOW 17,703.69 -127.07 -0.71%
S&P 500 2,060.38 -15.43 -0.74%
NASDAQ 4,772.0860 -33.2050 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs