Tag: carve-out
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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…
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Thailand’s Automotive Market 2026: Japanese Share Falls Below 70%, a Chinese EV Maker Collapses — and What Became of Toyota’s China Sourcing
Introduction In August 2025, we published “Toyota’s EV Procurement Transformation in Thailand.” The report started from a Nikkei story dated August 2, 2025. According to Nikkei, Toyota had introduced the Chinese interior-materials maker Wuhu Yuefei to Thailand’s Summit Group (a seat and auto parts group, separate from Thai Summit Group discussed later), the two companies…
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Japan Valve Industry M&A: Carve-Outs From Industrial Groups, Specialist Manufacturers and Japanese Acquirers Abroad
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference. Historical transactions are also converted at this rate, not at the rate prevailing at the time.) Japan’s valve production by weight remains below its FY2021 level. Production volume by weight fell for 3 consecutive years from FY2021 to FY2024, while production value…
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Japan Specialty Chemicals M&A: Carve-Outs From Chemical Majors, Semiconductor Materials and Foreign Capital
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) Since 2024, Japan specialty chemicals M&A has followed several distinct patterns. Japanese majors, including AGC, Mitsubishi Chemical Group, Kyocera and JSR, have carved out businesses in resins, adhesive raw materials and semiconductor materials, and Japanese chemical makers such as Sumitomo Bakelite, Konishi…
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Japan Automotive Parts M&A: Keiretsu Restructuring, Carve-Outs From Major Groups and Foreign Acquirers in the CASE and SDV Era
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) Japan’s automotive parts industry is adjusting to CASE (connected, autonomous, shared and electric) technologies and software-defined vehicles (SDV) while the capital ties within its supplier groups (keiretsu) are being reviewed. Over the past few years, automotive parts and related materials subsidiaries and…