TOKYO -- Japanese printing and materials group Toppan Holdings could pursue 50 billion yen ($326 million) worth of acquisitions by the end of fiscal 2025 to turn its packaging and security operations into "business pillars" abroad, Chief Financial Officer Takashi Kurobe told Nikkei.
Toppan has laid out plans to invest around 100 billion yen in mergers and acquisitions under its three-year strategy through March 2026. The company is believed to have spent around half of this amount so far, including on a recent acquisition of a Swedish ID management business, leaving around 50 billion yen for further deals.
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