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Business

Japanese firms step up overseas M&A

Number of deals hits record in first half as smaller companies get into the game

With SoftBank CEO Masayoshi Son taking the lead, Japanese companies have been engaging in mergers and acquisitions at record levels.

TOKYO -- Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest number of deals in the April-September period since records began in 1985.

The number of deals was up 14% from a year earlier, according to Recof, a Tokyo-based M&A consultancy which calculated the estimate from publicly available documents and interviews.

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