Case Study
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Asia-Pacific Cross-Border M&A by Japanese Companies: Review 2025 and Insight for 2026
Executive Summary In 2025, Japanese companies announced 361 cross‑border M&A transactions across the Asia‑Pacific (APAC) region (Syntax Partners survey, observation‑date basis; same hereafter). Singapore (57; 15.8%) recorded the highest number of deals, followed by China (50; 13.8%), Vietnam (42; 11.6%), Thailand (39; 10.8%), and India (37; 10.2%). By industry, Information & Communications (65; 18.0%) led…
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![[Automotive & Equipment] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2026/01/highway-traffic-road-transport-5314533.jpg)
[Automotive & Equipment] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese companies executed 21 cross‑border M&A transactions in the automotive and transportation equipment sector across the Asia–Pacific region. Activity spanned automotive components, resin parts, tires, and dealership networks. Across China, Thailand, India, and Indonesia, companies advanced practical initiatives including optimisation of production footprints, acquisition of sales networks, and selective withdrawal from non‑core or…
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![[Consumer Goods & Retail] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2026/01/supermarket-stalls-coolers-market-949913.jpg)
[Consumer Goods & Retail] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese companies executed 32 cross-border M&A transactions in the consumer goods and retail sector across the Asia–Pacific region. Activity was shaped by acquisitions of food and daily‑necessity brands, expansion of wholesale and distribution networks, and selective withdrawal from underperforming markets. ASEAN remained the primary growth arena, particularly in food, personal‑care, stationery, and household‑product…
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![[Information Technology] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2025/04/laptop-digital-device-technology-5673901.jpg)
[Information Technology] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese companies executed 65 cross-border M&A transactions in the information and communications technology (ICT) sector across the Asia–Pacific region—the largest volume among all industries. Activity spanned IT services, cloud, AI, digital content, e‑commerce, retail digitalisation, and other technology‑driven business models. Across Southeast Asia, China, Korea, and Taiwan, companies accelerated strategic initiatives to capture…
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![[Logistics] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2026/01/truck-road-transportation-cargo-8656658.jpg)
[Logistics] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese companies executed 17 cross-border M&A transactions in the logistics sector across the Asia–Pacific region. Activity was concentrated in Thailand, China, Indonesia, and Vietnam, and reflected a broader restructuring of logistics networks across ASEAN. The year demonstrated a clear focus on strengthening forwarding capabilities, modernising warehouse operations, expanding cold‑chain infrastructure, and repositioning regional…
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![[Healthcare] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2025/04/lab-research-chemistry-test-217043.jpg)
[Healthcare] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese companies executed 24 cross‑border M&A transactions in the healthcare sector across the Asia–Pacific region. Activity was widely distributed across pharmaceutical manufacturing and distribution, consumer healthcare, digital health, and adjacent medical‑service platforms. A consistent pattern emerged: Japanese corporates expanded commercial networks in high‑growth ASEAN markets such as Vietnam and the Philippines, while deploying…
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![[Financial Services] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2025/08/usd-bills-dollars-money-cash-2874026.jpg)
[Financial Services] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese corporates executed 35 cross-border M&A transactions in the financial services sector across the Asia–Pacific region. Activity spanned auto finance, digital financial services, payments, digital assets, and life insurance, reflecting a diverse set of strategic priorities shaped by varying economic and regulatory environments across the region. ASEAN markets recorded an accelerated convergence between…
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![[Machinery] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2026/01/macro-cogwheel-gear-engine-vintage-1452987.jpg)
[Machinery] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese companies carried out 10 cross‑border M&A transactions in the machinery sector across the Asia–Pacific region. Activity centred on Taiwan, India, and China, and reflected structural themes characteristic of the machinery industry: optimisation of production footprints, reorganisation of after‑sales and service networks, and strategic responses to labour-saving and automation requirements. These transactions demonstrated…
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![[Electronics] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2026/01/board-electronics-computer-453758.jpg)
[Electronics] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026
In 2025, Japanese companies completed 20 cross-border M&A transactions in the electronics sector across the Asia–Pacific region. Two structural themes stood out clearly: the pursuit of technology acquisition in advanced components and devices, and the reconfiguration of manufacturing and packaging supply chains. Activity was concentrated in Taiwan, China, and Singapore, and spanned medical devices, optical…
![[Energy] APAC Cross-Border M&A Involving Japanese Companies: Review 2025 and Insight for 2026](https://syntaxpartners.com/wp-content/uploads/2025/03/container-bridge-container-1367606.jpg)