This document provides an overview of M&A transactions in Japan, including the different types of transactions, key steps in the M&A process, and unique features of M&A deals in Japan. It discusses transaction structures like mergers, company splits, asset transfers and share purchases. The M&A process involves letters of intent, due diligence, negotiation of representations and warranties, and post-closing obligations. Representations and warranties are still evolving in Japanese courts. The document aims to help foreign businesses understand how to start or expand operations in Japan through M&A.