Japan building materials M&A
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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…