Japan buyers take M&A to record high on Toyota, NTT moves

Japanese share of global deals highest since bubble era

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Toyota Industries and NTT Data Group are the targets of two big M&A deals announced in the first half of 2025. (Source photos by Nikkei)

AKIRA YAMASHITA, HARUKI KITAGAWA and HIDEAKI HIGASHIURA

LONDON/TOKYO -- Mergers and acquisitions involving Japanese buyers soared to a new record in the first half of the year, as some of the country's biggest corporate groups reorganized and made moves for global growth.

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