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Recent Mergers & Acquisitions (M & A) 2025-2026: • February 2026 - Exedy Corporation acquired Protean Electric for ¥5.1 billion ($35 million) to strengthen in-wheel motor and electrified powertrain technologies • February 2026 - Dhoot Transmission partnered with FourFront to merge it with its subsidiary, enhancing automotive electronics and electrical platform capabilities • 2026 (expected closing) - Samsung Electronics (via Harman International) to acquire ZF Friedrichshafen's ADAS division for ~$1.8 billion, expanding automotive electronics and power/control system capabilities • 2026 (ongoing strategy) - ABB announced plans to pursue mu Request Strategic Market Customization: Japan: Recent Industry Developments ✅ Mar 2026: Kyowa Hakko Bio Co., Ltd