JAPAN TIMES



 

Japanese home electronics retailer Nojima is eager to boost its merger and acquisition activities, ready to spend up to ¥300 billion per deal, sources have said.

"There is a possibility of spending ¥200 billion to ¥300 billion" per deal, President Hiroshi Nojima, 75, said in a recent interview.

The company is known for its aggressive M&A activities. Its largest deal is the ¥85.4 billion purchase of mobile phone distributor Conexio in 2023. Other acquired companies include internet business Nifty and personal computer maker Vaio.

The president said potential acquisition targets are companies that can generate synergies with digital products, such as home appliances and mobile phones.

Still, after the case of Suruga Bank, in which Nojima acquired a stake but later sold it, he said: "Acquisition is not the goal. If we can't strengthen our business, we let go."

The company has a target of achieving consolidated sales of ¥1 trillion by around 2030, against ¥853.4 billion for the year that ended in March 2025.

The target "will be raised to ¥3 trillion in the near future," the president said. "I want to see the number reach ¥10 trillion while I'm alive."

Overseas, the company aims to increase sales from ¥81.3 billion to ¥100 billion early by expanding its operations mainly in Singapore and Malaysia.

In April this year, Nojima will raise its starting monthly salary for new graduates to a maximum of ¥400,000.

Describing human resource development as the company's "eternal theme," the president highlighted the importance of management decisions reflecting input from front-line operations, saying, "Bosses should be utilized by subordinates."

He also said the company has selected 30 outstanding employees who understand its management philosophy to participate in a special team as part of efforts to train successors.