M&As Involving Japan Companies Hit Record High in 2022


Tokyo, Jan. 6 (Jiji Press)--Mergers and acquisitions that involved Japanese companies in 2022 increased 0.6 pct from the previous year to 4,304 deals, highest on record since 1985, according to a recent survey.

The rise reflected aggressive investments in the information technology field to promote digitalization and growing needs for business succession due to the aging of company owners.

Last year's largest deal was the 671.4-billion-yen acquisition of Hitachi Transport System Ltd. <9086> by U.S. private equity firm KKR & Co., according to Tokyo-based M&A advisory business Recof Corp.

Other big transactions included Takeda Pharmaceutical Co.'s <4502> acquisition of a subsidiary of a U.S. pharmaceutical startup for 546.7 billion yen.

Business succession deals, including Orix Corp.'s <8591> buyout of cosmetics maker DHC Corp., numbered 748, highest since the start of related data in 2007.

[Copyright The Jiji Press, Ltd.]

Jiji Press