Most of these businesses are going to be acquired in the next 10-20 years though because most of these generational Japanese businesses are now in the midst of succession crises [0], MASSIVE inheritance tax bills [1] and family increasingly uninterested in taking up the mantle [2].

One of my friends is actually specializing in this kind of M&A in APAC now.

Edit: Taking a look at the article and the images, I think this is actually AI slop. A bit shook by how photorealistic AI pictures have become

[0] - https://www.cnbc.com/2025/10/20/japan-succession-crisis-priv...

[1] - https://www.privateequityinternational.com/japan-tax-overhau...

[2] - https://www.scmp.com/news/asia/east-asia/article/3358837/jap...