Local News

Tokyo-based merger and acquisition consultant Recof released its statistics for those transactions in the seven Kyushu prefectures in the first half of the current fiscal year. The statistics show a total of 44 mergers and acquisitions, down 6.4% from the year-before period. These transactions have fallen for the past two years, and are down 41.3% from their most recent peak in the first half of FY 2007. This was attributed to the difficulty in fund procurement due to the economic downturn and other factors.