inbound M&A Japan
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Japan Adhesives and Sealants M&A: Foreign Majors Entering Japan and Japanese Makers Expanding in Asia
(USD figures are converted at USD/JPY = 150 for reference and rounded. Company fiscal years are shown as FY2026/3, meaning the fiscal year ended March 2026. Industry statistics are for calendar years. Other currencies are shown as disclosed.) In Japan adhesives and sealants M&A, Belgium’s Soudal acquired a majority stake in Osaka-based Sharp Chemical in…
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Japan Semiconductor Equipment M&A: Carve-outs from Large Groups and Capital Choices Under the Foreign Exchange Act
(USD figures are converted at USD/JPY = 150 for reference and rounded. Company fiscal years are shown as FY2026/3, meaning the fiscal year ended March 2026. Japanese fiscal years for industry statistics run from April to March.) In the industry for semiconductor manufacturing equipment and its components and peripheral materials, sales of Japanese-made equipment exceeded…
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Japan Electronics Distributor M&A: Restructuring of Franchise Networks and Consolidation Among Distributors
(USD figures are converted at USD/JPY = 150 for reference and rounded. Company fiscal years are shown as FY2026/3, meaning the fiscal year ended March 2026. Figures in other currencies are shown as disclosed.) Japan’s semiconductor and electronic component distributors have seen a series of mergers among listed distributors and tender offers by listed distributors…
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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…