Chair’s welcome by Mergermarket
Keynote Address: Leading innovation in the age of DX (Digital Transformation) and DE (Data Economy)Kazuo Ichijo
Dean and Professor of the Graduate School of International Corporate Strategy, Hitotsubashi University, Tokyo
Panel discussion - A global force: Japanese cross-border M&A trends
Japanese corporations are realizing that being global means more than simply having operations in multiple jurisdictions. This panel will discuss recent trends and the changing mentality that is sweeping boardrooms of Japan’s most successful cross-border corporations.
- What are the top deal drivers and target geographies for Japanese M&A?
- How are corporate governance reforms contributing to the current cross-border buying trend?
- How can Japanese corporations become global brands, not just global companies?
- Will the regulatory climate remain favorable and what is the general outlook for corporate
Japanese activity in the year ahead?
Head of M&A, General Manager Business Strategy and Development Dept, Ajinomoto Co., Inc.Atsushi Akaike
Partner, CVC Capital PartnersKensaku Bessho
Managing Director, Investment Banking Business Unit, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.Kenneth Lebrun
Partner and Head of Asia Mergers & Acquisitions, Shearman & Sterling (moderator)
Presentation by Shearman & Sterling: Alternative Structures for Acquisitions of US Public Companies
Japanese acquisitions of US public companies are almost always structured as acquisitions of 100% of the target company for a 100% cash purchase price. But a few high-profile exceptions exist — such as Fujifilm’s recently announced acquisition of Xerox and MUFG’s investment in Morgan Stanley. When can these structures be used? What are the pitfalls?Kenneth Lebrun
Partner and Head of Asia Mergers & Acquisitions, Shearman & Sterling
Presentation by Intralinks: Abandoned Acquisitions - Why do some deals fail to complete?
7.2% of worldwide M&A deals announced in 2016 failed to complete – the highest rate of deal failures since the start of the global financial crisis in 2008. Based on a thorough analysis by the M&A Research Centre at Cass Business School, City, University of London and Intralinks on 78,565 transactions announced over the past 25 years, this presentation will reveal the mysteries behind why some deals are more likely than others to fail and what factors are significantly predictive of deal failure.
- What are the five significant predictors of public M&A deal failure and the four significant predictors of private M&A deal failure?
- What strategies can acquirers and targets use to avoid the deal failure trap
- How do rates of abandoned acquisitions differ by region, country and industry
- How unexpected outside events affect deal completions?
Japan Country Manager, Intralinks
Panel discussion - Investing in India: Beyond bullet trains
Japan is betting big on India’s growth story, led most recently by the multi-billion dollar Mumbai-Ahmedabad high-speed rail link and other mega projects. Significant other opportunities can be found outside the infrastructure space, and this panel will explore the sectors and states with the highest M&A potential, as well as the steps and strategies Japanese corporations must take to yield the most from their India investments.
- Which sectors, both inside and outside the Indian infrastructure space, are ripe for M&A, and which are most challenging?
- How does the dealmaking process in India differ from other Asian countries and how can Japanese investors increase their odds of a successful transaction?
- What makes India an attractive market for M&A compared to other high-growth, regional markets such as China or those in the ASEAN?
President & CEO, Daiwa Capital Markets IndiaRaj Kumar Srivastava
Deputy Chief of Mission, Embassy of India, TokyoRiki Kojima
Chief of Staff, Industrial Finance, Logistics & Development Group, Mitsubishi CorporationSridhar Gorthi
Partner, TrilegalSanjeev Sinha
President, India Japan Partnership Fund (moderator)
Presentation by AlixPartners - Post-merger integration: A discussion on best practices
A significant amount of value continues to be lost during the post-deal processes when Japanese corporations buy abroad. This panel will analyze best practices in maximizing integrations and preserving a target’s value through talent, brand and corporate culture.
- What are the key components of an effective post-merger integration plan
- How can Japanese corporations prevent a loss of talent at acquired companies?
Managing Director, AlixPartners
Panel discussion - Digital transformation: Taking the leap
This panel will discuss how corporations can transition from traditional to digital enterprises, using M&A and other innovative methods, as well as the latest technologies that are driving the future.
- How can AI, big data and other tech solutions put Japanese companies back on the cutting edge as leaders in their industries?
- Is M&A, organic growth, or a combination of the two the best course to take in executing a digital transformation strategy?
- How can Japanese corporations create a digital culture within their organizations?
- Is Japan keeping pace with regional and international rival firms in the tech M&A space?
- What steps can be taken to bridge the cultural divide between Japanese bidders and Western targets?
SEVP, CTO & Head of Digital Services Business, Fujitsu Ltd.Shingo Niori
Chief of Value-Business Planning, KDDI CorporationHideaki Takeda
Professor, Principles of Informatics Research Division, National Institute of InformaticsYoshikazu Hayashi
Head of Corporate M&A and Alliances Department, Renesas Electronics CorporationTakashi Yokotaki
Managing Director – Mergers & Acquisitions, Accenture Strategy (moderator)
Panel discussion - Private equity: Deal or no deal
With Bain Capital’s victory in securing Toshiba’s prized memory chip business, the doors to Japan may finally be opening for foreign private equity firms. This panel will discuss the playbook being used by the most active foreign PE firms to successfully navigate the Japan market as resistance to foreign buyout groups begins to thaw.
- How is the image of the foreign PE firm changing and what can PE buyers do to add credibility as prospective acquirers?
- Mega deal or mid-market: Where are the deals and how does the deal process vary between deal sizes?
- What obstacles still exist that could prevent foreign PE firms from closing more deals in 2018 and beyond?
Representative Partner, Advantage PartnersRyosuke Iinuma
Representative Director & Managing Partner, Ant Capital Partners Co., Ltd.Tomoya Sugimoto
Partner, The Longreach GroupTatsuo Kawasaki
Partner & Co-Founder, Unison CapitalShuhei Uchida
Partner, Mori Hamada & Matsumoto (moderator)
Closing speech by Mergermarket
Networking cocktail reception
*Agenda and speakers are subject to change
*Simultaneous interpretation in English and Japanese will be provided