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Kreston International adds Japanese firm

Kreston International has added Japanese firm Ark &Co to its network, and believes the new addition will move Kreston into the top 10 largest accounting networks in Japan.

Founded in 2004 and based in Tokyo, Ark & Co counts 43 staff including 12 partners. The firm offers audit and consulting services for listed companies with a focus in manufacturing, retail and services sectors.

Kreston chief executive Jon Lisby said the addition of Ark & Co was proposed by Kreston's two member firms in the country. "The addition of Ark & Co sees Kreston move into the top 10 of global networks in Japan and this, in addition to Kreston's recent growth in China, sees our profile raised significantly in the Asia Pacific region," he said.

In the IAB latest Japan survey Kreston ranked as the 15th largest network in Japan, JYP 804.3m short of the number 10 spot, with a total fee income of JPY 1,093.6m for the financial year ending 31 October 2013.

The 10th largest network in Japan according to the IAB survey was Crowe Horwath International with JPY 1,897.9m for financial year ending Dec-13.

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