INTERVIEW: Nihon M&A to Strengthen Successor Search Biz

Tokyo, March 13 (Jiji Press)--Nihon M&A Center Holdings Inc. intends to strengthen its successor search business by teaming with more regional banks across Japan through a subsidiary, President Suguru Miyake said in a recent interview.

The subsidiary, J-Search Inc., connects prospective business owners with smaller companies struggling to find successors through funds formed with regional banks.

"As young people with excellent education take over businesses, the surrounding (regional economies) will also change," Miyake said.

J-Search has established funds with North Pacific Bank in the northernmost prefecture of Hokkaido, Hokuriku Bank in the Hokuriku central region, Juroku Bank in the Tokai central region, Awa Bank in the Shikoku western region and Higo Bank, Kagoshima Bank and Miyazaki Bank in the Kyushu southwestern region.

Nihon M&A "wants to expand into other regions steadily," Miyake said.

[Copyright The Jiji Press, Ltd.]