Tag: business succession Japan
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Japan Pet Food and Pet Supplies M&A: Divestitures by Large Groups, Owner Exits and Acquisitions Abroad
(USD figures are converted at USD/JPY = 150 for reference and rounded. Company fiscal years are shown as FY2025/12, meaning the fiscal year ended December 2025. Industry statistics for FY2025 cover April 2025 to March 2026. Figures in other currencies are shown as disclosed.) Japan’s pet food market is growing in value but shrinking in…
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Japan Industrial Rubber M&A: Carve-Outs by Tire and Component Majors, Fund Ownership and Kansai Specialists
Japan industrial rubber M&A: carve-outs by Bridgestone, Toyo Tire and NOK, fund ownership, foreign buyers in Japan, and Japanese makers’ acquisitions abroad.
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Japan Restaurant M&A: Group Carve-Outs, Fund Exits and Japanese Chains Buying Abroad
(USD figures are converted at USD/JPY = 150 for reference. Company fiscal years are shown as FY2026/3, meaning the fiscal year ended March 2026. Government fiscal years are shown with their periods, for example FY2026 (April 2026 to March 2027). Amounts in other currencies are shown in the original currency. Multiples marked “equity value basis”…
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Japan MEP Contractor M&A: Corporate-Group Carve-Outs, Cross-Industry Acquirers and the Acquisition of Skilled Workforces
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference) Japan’s mechanical, electrical and plumbing (MEP) contractors install and maintain the electrical, air-conditioning, plumbing and telecommunications systems of buildings and plants. Demand for their work is growing, led by private non-residential construction, while the supply of qualified engineers and technicians limits how…
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Japan Cosmetics OEM M&A: Consolidation of Contract Manufacturers, Plant Sales by Brand Owners and Foreign Capital
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) In Japanese cosmetics, OEMs manufacture products for brand owners, and ODMs also take on formulation and product development; this article refers to both as contract manufacturers. Japanese contract manufacturers have been consolidating. In 2024, Nihon Kolmar Holdings, the holding company of TOA,…
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Japan Plating and Surface Treatment M&A: Succession Platforms, Process Insourcing and Foreign Capital in Plating Chemicals
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) The number of electroplating establishments in Japan has declined for two decades, while their shipments have stayed in the range of ¥400bn to ¥500bn (~USD 2.7bn to 3.3bn). Recent Japan plating and surface treatment M&A shows three patterns. Holding companies built to…
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Japan Logistics M&A: Trucking Capacity After the 2024 Problem, Carve-Outs of Captive Logistics Subsidiaries and Expansion Abroad
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) In April 2024, Japan capped overtime for truck drivers. The expected shortfall in trucking capacity that followed is known in Japan as the “2024 problem.” Between 2025 and 2026 a series of regulatory changes took effect, covering multi-tier subcontracting in trucking and…
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Japan Building Materials M&A: Group Restructuring, Distribution Roll-Ups and Foreign Capital
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) New housing starts in Japan fell to about 741,000 units in 2025, the third consecutive annual decline. Against this background, Japan building materials M&A has centered on changes in the ownership of large groups’ businesses. Panasonic Holdings sold 80% of its housing…
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Japan Veterinary Hospital M&A: Hospital Groups, Fund-Backed Platforms and Foreign Capital in Japan’s Veterinary Care
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference and rounded.) The number of registered small-animal veterinary facilities in Japan rose by more than 10% over the past decade, while the number of pet dogs declined again between 2021 and 2025. Recent Japan veterinary hospital M&A shows three movements. WOLVES HAND,…
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Japan Staffing M&A: Fund Take-Privates, Group Carve-Outs and Owner Exits in Japan’s Staffing Industry
(USD figures are converted at USD/JPY = 150 for reference. Figures in other currencies are shown as disclosed, with yen equivalents where the companies disclosed them.) Japan’s worker dispatch market reached about ¥9.9tn (~USD 66bn) in annual sales in fiscal 2024. Since 2024, four listed Japanese staffing companies (Outsourcing, Trite, TechnoPro Holdings and Forum Engineering)…
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Japan Paint and Coatings M&A: Chemical-Major Carve-Outs, Owner-Run Manufacturers and Global Consolidation
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) Japan’s paint and coatings market continues to contract in volume. Between 2025 and 2026, three Japanese chemical groups (Sumitomo Chemical, AGC and Zeon) agreed to transfer their paint subsidiaries or affiliates to dedicated paint makers. Owner-run paint and construction-chemical makers have been…
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Japan Industrial Waste M&A: Landfill Acquisitions, Listed Consolidators and Foreign Entrants
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference. Company fiscal years are written as FY2026/3 for the year ended March 2026; government statistics follow Japan’s fiscal year from April to March.) Industrial waste generation in Japan continues to decline gradually. Japan industrial waste M&A over the past few years has…