Deals
Japan Notches $18 Billion of Soured Deals Amid M&A Boom
- Writedowns booked on Toshiba’s nuclear arm, Sony movie studio
- Japan Post admits overpaying after rushing into Australia deal
This article is for subscribers only.
Japan Inc., which has been snapping up everything from drugmakers to beer brands in its biggest overseas acquisition spree on record, is beginning to feel the pain from some of the soured deals of the past.
Companies in Japan booked at least 2 trillion yen ($18 billion) of writedowns on their overseas assets in the fiscal year ended March, according to Bloomberg calculations based on the latest earnings reports released through mid-May.