Japan M&A By the Numbers: Q2 2025

Japan M&A activity experienced a surge driven by management reforms, shareholder activism and low rates.

In YTD 2025, Industrialsdisplayed the highest growth at 2,067% within the domestic and inbound sector. As for the outbound sector, Industrials gained 429% in deal value, followed by Energy with an increase of 305%.​

The outbound M&A volume decreased from 119 in YTD 2024 to 114 in YTD 2025, resulting to a decrease of 6% in total deal value of Japan outbound M&A. On the other hand, domestic and inbound M&A also had a 25% decrease in transaction volume, but deal value increased by 189% to USD 92 billion.