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…