経済｜台湾ヤゲオが芝浦電子を買収へ / Economy | Taiwan’s Yageo to Acquire Shibaura Electronics

Summary

Taiwanese electronics giant Yageo has announced that its tender offer (TOB) for shares of sensor leader Shibaura Electronics has reached approximately 87% participation.

As a result, Yageo’s acquisition is expected to be finalized, with a total acquisition amount of around 108.9 billion yen. Recently, there have been several unsuccessful TOBs by Japanese companies, and Yageo’s success highlights the challenges Japanese firms face in the international acquisition competition.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, it’s amazing that Yageo is acquiring Shibaura Electronics!
Log: Yeah, and the fact that the acceptance rate reached about 87% means it’s almost a done deal. This is a pretty tough situation for Japanese companies.
Chako: Why do you think tender offers (TOBs) don’t work out well for Japanese firms?
Navi: One reason Japanese companies’ TOBs often fail is due to a lack of competitiveness and strategic decision-making.
Log: I see, that makes sense as to why Yageo’s success stands out. The recent trends are definitely noteworthy.

Admin’s Note

The acquisition of Shibaura Electronics by Taiwan’s Yageo symbolizes the challenges faced by Japanese companies amid intensifying international competition. In particular, as an increasing number of Japanese companies see their tender offers fail, Yageo’s success ironically highlights the overall decline in competitiveness among Japanese firms. Moving forward, it will be important to see how Japanese companies reassess their strategies and enhance their presence in international markets, with a particular focus on the potential contributions of young companies and startups.