For teams evaluating acquisitions in Japan

A deal story you can question.See a cited example

Ask about earnings adjustments and forecast assumptions. Open the cited files behind the answer in a Sifrsys AI virtual data room.

Made for private equity deal teams, corporate development and cross-border advisers testing a management case.

English demo · illustrative data

Follow the number to its page.

Illustrative walkthrough with sample answers in Sifrsys: one earnings question, its cited page, and the source notes. The live English demo uses a separate fictional room.

Sifrsys room, Ask panel, signed in as Samir with Viewer access. Question: What separates adjusted EBITDA from net income? Answer: $1.20m adjusted EBITDA reconciles to $0.30m net income. The bridge includes $0.50m D&A, $0.15m interest, $0.10m tax and $0.15m proposed add-backs, citation 1. The add-backs are management's proposal; their acceptance still needs review. Sources (1): Earnings Reconciliation - Model Review.pdf, page 2.
Illustrative files and prepared sample answersOpen the full screenshot (opens in a new tab)

A reviewer asks what separates adjusted EBITDA from net income. The answer walks the bridge and cites one source: page 2 of the earnings reconciliation.

$1.20m adjusted EBITDA reconciles to $0.30m net income. The bridge includes $0.50m D&A, $0.15m interest, $0.10m tax and $0.15m proposed add-backs.

Explore the English demo

A second question, on the forecast.

AskedWhat assumptions support the $14.4m revenue story?

It is a forecast scenario, not current revenue: 400 paying customers × $3,000 a month × 12 = $14.4m.

This assumes 400 customers at that price for a full year, with no churn, discounts or expansion. The cited page states the assumptions so your team can judge them.

Page 2 of Growth Assumptions - Series A Brief.pdf: forecast scenario, not current revenue. Forecast scenario: 400 paying customers. Subscription price: $3,000 per month, highlighted. Full-year revenue: 400 x $3,000 x 12 = $14,400,000. Assumptions: a full year at that customer count and price; no churn, discounts or expansion.
English demo · illustrative data · p.2

Before you click.

What is in the demo?
A sample Sifrsys room for a fictional company. The documents are in English and the data is illustrative, so nothing in it describes a real business.
Does a cited answer mean the number is right?
No. A citation shows where an answer came from so your team can open the page and judge it. In the example above, the add-backs are management's proposal and still need review.

Make room for what’s next.

Put the management case and the files behind it in one room. Answers cite the source file, and your team can open the page to check it.

English demo · illustrative data