Japan, a nation with a long and rich history in Asia, has emerged as the fourth largest economy in the world in the 21st century, largely attributed to its developed sense of cooperation, which stems from historical ties.The commitment of Japanese society to social principles has fostered a collective consciousness of being stakeholders in the social domain. This stakeholder consciousness has evolved alongside the principle of collectivism, where group belonging and harmony are prioritized over individualism.  However, as social culture is a dynamic entity, it is plausible that shifts in the prevailing sense of togetherness within Japanese society may influence the field of accounting. It is widely acknowledged that the functioning of accounting is shaped by the identities and cultural characteristics of societies. This study first explores how Japanese society, deeply rooted in historical traditions, influences and shapes the understanding and practices of accounting. Secondly, it examines studies and indicators highlighting the rise of individualism in Japan, with the aim of analyzing how this increasing individualism may be reflected in accounting practices and evaluating the potential impact of changing social structures on the conceptualization and application of accounting.