Sample search
This is what a buyer receives two weeks after sending a request. Three matches, each with the numbers that the Japanese listing does not show. Details are changed, the patterns are real.
The request
US search fund, first acquisition in Japan
Kansai (Osaka area)
Software for clinics and care facilities · 2009 · 9 employees
Pursue at asking price. Move within two weeks.
Red flag: Founder is the only person who knows the core codebase
Greater Tokyo
Custom software development and maintenance · 2004 · 18 employees (15 engineers)
Negotiate. Bid ¥85M, walk away above ¥95M.
Red flag: Top client is 48% of revenue and the relationship is the owner's
Kansai
Cleaning and maintenance for condominiums and offices · 1998 · 4 office staff, ≈120 part-time cleaners
Pass, unless you have an operating partner living in Kansai.
Red flag: Owner is the business
How to read the score
The match score (0–100) is how well a company fits your request: industry, region, size, budget and must-haves. It is not a quality score. A company can score 90 and still get a “pass” verdict if the numbers do not work, and we show low-scoring companies when they teach you something about the market.
Why “all-in” matters
Japanese listings show an asking price. The buyer usually also pays the seller’s broker, often a fixed minimum of ¥20–25M regardless of deal size, plus a marketplace fee and any debt on the balance sheet. On small deals these can double the real cost. Every report starts from what you actually pay.
Want this for your own criteria?
Ten minutes to describe what you want. Free for the first three buyers.