Wednesday 29 February, 2012 / 18:00
Speaker(s): Bruce Pomer
Partner Westgate Advisory
In many cases the strength of the yen causes havoc among exporters by increasing the price of their products in foreign currencies and negatively affecting their sales. At ISG we always look for ways to work exchange rate disadvantages to our advantage. One way to capitalize on the strong yen is for investors in Japan to consider M&As with overseas companies.
How can these bad economic times work to our advantage?
How do we build effective relationships with overseas companies?
How can we make the most from M&As with overseas companies?
Bruce Pomer, founder and managing partner of Westgate Advisory, will talk about recent trends and issues related to Japanese M&As. Japanese companies in 2010 were the second largest acquirers of overseas assets after U.S. companies. With dim prospects for growth at home, major Japanese companies are aggressively seeking growth in emerging markets in Asia and as far away as Brazil. Increasing numbers of medium-sized companies are looking outside, primarily toward Asia, to secure new opportunities for growth through acquisitions, minority investments and joint ventures.
When Japanese companies venture overseas, they faced the challenge of managing these investments in an effective manner. Differences in language, culture and corporate behavior create major hurdles for many Japanese companies. Ultimately, the success of a partnership, particularly outside Japan, requires the ability to build close personal relationships based on trust and understanding. The jury is still out on whether Japanese companies can do this successfully.
While the strong yen makes it easier for Japanese companies to consider overseas acquisitions, the first priority is on the long term strategic fit. The strong yen helps a company to move forward after it has checked the boxes on the strategic priorities.
At home in Japan, both domestic and foreign companies struggle to find attractive targets to buy. However, with global economic problems likely to persist for some time there should be an increasing number of small and medium-sized companies that finally recognize the need to become part of a larger group with greater resources in order to survive.
Date: Wednesday 29 February 2012
Time: 18:00 open, 18:30 start, 21:00 end
Venue: FOREIGN CORRESPONDENTS CLUB OF JAPAN (FCCJ)
20F Yurakucho Denki Bldg.
Price: 5000 (ICA Members: 4000)
Buffet dinner with 1 free drink will be served before the presentation
RSVP: RSVP by 05:00 PM 22 February 2012 @
http://www.isgjapan.com/events.cfm
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