Tag: cross-border M&A Japan
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Japan Medical Device M&A: Group Carve-Outs, Distributor Consolidation and Private Equity Take-Privates
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference unless otherwise stated.) Domestic shipments of medical devices in Japan reached ¥4.72tn (~USD 31.5bn) in 2024. In Japan medical device M&A over the past several years, large Japanese groups (Hitachi, JEOL, Teijin and Olympus among them) have sold medical device businesses or…
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Japan’s SIer Industry and M&A: Consolidation Driven by a 77% Succession Gap, Talent Acquisition and Surging DX Demand
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) Japan’s information services market continues to grow in revenue. Over the past few years, several major Japanese IT services companies have been taken private by their parent companies: NTT DATA Group, Itochu Techno-Solutions (CTC) and SCSK were all delisted between 2023 and…
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Japan Pump M&A: Group Carve-Outs, Customer-Led Acquisitions and Japanese Pump Makers Abroad
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference and rounded; amounts disclosed in USD or other currencies are shown as disclosed. Company fiscal years are shown as FY2026/3 for the fiscal year ended March 2026. Industry and government statistics on a fiscal-year basis are shown with their periods, for example…
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Japan Pharmaceutical Distribution M&A: Regional Wholesalers Absorbed by the Majors, Medical Device Dealers Merging and Foreign Entry in Adjacent Fields
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) Japan’s ethical pharmaceutical wholesale market is led by four listed groups: Medipal Holdings, Alfresa Holdings, Suzuken and Toho Holdings. In 2023, Alfresa acquired Miyazaki Onsendo Shoten of Isahaya, Nagasaki, and Medipal took full ownership of Tohshichi of Sasebo, Nagasaki, bringing two independent…
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Japan Cutting Tools M&A: Tungsten Constraints, Carve-Outs From Industrial Groups and Foreign Ownership
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference. EUR figures are shown as disclosed.) Japan’s production of cutting and carbide tools has stayed within a narrow range for a decade. At the same time, tungsten, the main raw material for cemented carbide, has risen to record prices since China introduced…
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Japan Food Manufacturing M&A: Core-Business Focus, Private Equity and Owner-Run Manufacturers
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference. Yen equivalents of foreign-currency deal values are as disclosed by the companies.) Food manufacturing alone, excluding beverages, accounts for about one-tenth of Japan’s manufacturing shipments and employs more people than any other manufacturing subsector. Most of its establishments have fewer than 300…
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Japan Insurance Agency M&A: Regulatory Reform, Divestitures by Insurers and Corporates, and Foreign Brokers Entering Japan
(Updated October 2026. USD figures are converted at USD/JPY = 150 for reference.) Japan’s insurance agency sector is shrinking in number and consolidating in scale. The number of non-life insurance agencies fell to about 124,000 at the end of fiscal 2025, down about 39% from about 202,000 ten years earlier. Following an insurance-claim fraud case…
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How to Evaluate M&A Advisory Firms for Divestitures in Japan Based on Real Execution Capability
For foreign companies considering divestitures in Japan such as selling subsidiaries or non-core businesses in Japan, selecting a “reliable” M&A advisor is one of the most consequential decisions in the entire process. This is particularly true when navigating the fragmented landscape of M&A advisory firms in Japan, where brand reputation and headline deal announcements do…
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Bottlenecks in Japan Market Entry and Operations — and M&A as a Strategic Option to Accelerate Capability Build‑Out and Strengthen Competitiveness
Japan remains one of the most important advanced markets in the world—large in absolute demand, demanding in quality and execution, and strategically meaningful for global credibility. Yet for many foreign‑owned companies, the key challenge is not whether Japan is attractive, but whether the Japan business can scale at the speed, consistency, and governance standard expected…
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M&A Sell-Side Process for Business Owners: Strategies for Success
Introduction M&A transactions involve the transfer of corporate control—whether through equity or an entire business unit. By nature, these deals are highly illiquid: finding qualified buyers and reaching price consensus is challenging. Consequently, M&A is rarely a “quick win”; it requires a structured process over a defined timeline. For most business owners and shareholders, a…
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Understanding SME M&A in Japan: Key Insights for Overseas Buyers and Sellers
Introduction Japan’s small and medium-sized enterprise (SME) sector is undergoing a profound transformation, driven by demographic shifts, succession challenges, and increasing globalization. For overseas companies—whether seeking to acquire Japanese businesses or divest operations to Japanese buyers—understanding the unique characteristics of Japan’s M&A landscape is essential. As an advisory firm with deep expertise in Japan’s SME…
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Exiting Japan: Leveraging M&A, Divestiture Options, and Practical Considerations for a Successful Sell‑Side Process
Lead Exiting Japan is not a simple shutdown. It requires a multi‑disciplinary design across employment, contracts, tax, regulatory, IT/data, and communications—combined with a process calibrated to Japan’s consensus‑driven decision‑making. In practice, foreign companies often pursue a structured divestiture, using M&A transactions as the primary mechanism for an orderly exit. Compared with liquidation, leveraging share deals,…