We will value stock acquisition rights (stock options), modified stock acquisition rights with exercise price (MSSOs), convertible bonds with stock acquisition rights, and other types of stock options.

The stock option valuation reports we provide our clients with are based on a price assessment that, after the stock option vesting conditions have been set, conforms to corporate accounting standards and guidelines for applying corporate accounting standards. We provide stock option valuations using the Black-Scholes formula, Monte Carlo simulation, and other methods that meet our clients’ needs.

When determining the transfer price of a business transfer or M&A transaction, or when raising funds from business partners or through venture capital, it’s necessary to ascertain the appropriate corporate value of unlisted companies since, unlike listed companies, they lack a market price for their stock.

We provide our clients with stock valuation reports in a form that meets their needs by using such methods as the discounted cash flow (DCF) method, which is based on free cash flow to be generated in the future, and the multiple method, which measures corporate value based on stock price indices such as the price-to-earnings ratio (PER) and price-to-book value ratio (PBR) of multiple listed companies with similar businesses to that of the company being evaluated.