Japanese pharmacy Ain to buy rival Kraft in $690m-plus deal

Top dispensary operator looks to consolidate lead as drugstore chains push into field

20250528N Pharmacies

Acquiring Sakura Pharmacy operator Kraft would extend Ain's lead in Japan's dispensing pharmacy market. (Source photos obtained by Nikkei)

YASUAKI TAKAO

TOKYO -- Ain Holdings, Japan's largest dispensing pharmacy operator, plans to buy rival Kraft in a deal worth over 100 billion yen ($690 million), Nikkei has learned, as a push by drugstores into the prescription-filling business drives a broader realignment in the industry.

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