In today’s briefing:
- M&As Due to Restructuring of Business Portfolios Have Finally Begun to Increase

M&As Due to Restructuring of Business Portfolios Have Finally Begun to Increase
- Listed subsidiaries and affiliates are now required by the TSE to disclose their basic thoughts on their business portfolio strategy and the rationale for being listed.
- M&A is expected because Japanese companies have not taken effective steps to expand their corporate value as cash on hand is building up and ROE is sluggish.
- M&A is likely to be mostly conducted by domestic companies or investment funds as a result of industry restructuring and business portfolio restructuring in Japan.