Gucci Cuts Prices: What It Means for Luxury Pricing Power and Kering’s Turnaround
Gucci has cut prices on selected products—an unusual move in luxury. We examine what it means for pricing power, brand equity and Kering’s turnaround strategy.
News - Tamura Accounting Firm
Japan to Cut Consumption Tax on Food to 1% from April 2027 — What Finance Teams Need to Prepare
From 1 April 2027, the consumption tax rate on food and beverages is set to fall from the current 8% reduced rate to 1% — and to stay there for two years before reverting. The measure has been approved as government policy and now awaits the passage of the related tax reform legislation. Press coverage…
Richemont Q1 FY27: Sales Up 20%, Led by the Jewellery Maisons
Richemont has reported sales for the first quarter of FY27, ended 30 June 2026. Group sales came in at €6.3 billion, up 20% at constant exchange rates and 17% at actual rates — a very strong start given how uncertain the luxury market remains, and ahead of analyst expectations. Jewellery Maisons led the growth The…
Why Finance Leaders Cannot Ignore AI Lessons from an Oxford Saïd Executive Education Focus Group
AI is reshaping corporate finance, accounting, and executive decision-making. Drawing on insights from an Oxford Saïd Executive Education focus group, this article explores why CFOs and finance leaders need to understand AI as a strategic leadership issue, not just a technical tool.
Kering Restructuring: Why the Luxury Group Shifted to a Beauty Licensing Strategy with L’Oréal
An in-depth analysis of Kering’s restructuring strategy, the Gucci slowdown, and why the luxury group partnered with L’Oréal in beauty licensing.
New Service: Generative AI and RPA for Accounting and Corporate Planning
We now offer advisory work on applying RPA and generative AI within accounting and corporate planning — scoped to specific processes, and priced accordingly. The interest in this is not new; what has changed is the volume of questions. We presented a conference paper on the subject last year with recent case material, and have…
RSU Tax & Cash-Flow Planning (Deadline: Thu, Dec 25)
If yoRSUs at multinational companies are generally taxed at vesting, which can result in a larger-than-expected tax bill — and in some cases, a cash shortfall if withholding doesn’t fully cover the liability. If you’re wondering “When should I sell?” “How do I handle my tax return?” or “Is there anything I can do to…
What Does a CPA Retainer Actually Get You?
If you run finance at a foreign-owned company in Japan, you have probably had this problem: a technical accounting or tax question comes up, and there is nobody obvious to ask. Your auditors are the counterparty. Head office works to a different reporting regime and will not know the local answer. The question is not…
A Guide to RSU Tax Payments and Filing Your Tax Return
We have published a blog post explaining RSUs (Restricted Stock Units) — a common form of compensation in multinational companies — from the perspective of Japanese tax return filing and cash flow for tax payments. Without a proper understanding, RSUs can lead to unexpected situations such as a shortage of funds to pay taxes, which…
My 2nd Peer-Reviewed Article on Luxury and Cosmetics Is Now Published
We’re excited to share that my second peer-reviewed article has been officially published in the Fashion Business Academic Journal. This new paper explores the intersection of the luxury industry and the cosmetics sector, reflecting current market trends and strategic shifts among major global players. For those interested in the evolving dynamics of luxury brand expansion…