Nippon Sheet Glass Company, Limited

Apollo Global Management has moved further into energy and industrial assets, with its backed Eagle Creek Renewable Energy partnering with Relevate Power to grow small hydropower assets, and with Apollo completing its acquisition of Nippon Sheet Glass. The Eagle Creek and Relevate Power agreement covers both expansion and day-to-day management of distributed hydro facilities, while the Nippon Sheet Glass deal starts a new management setup and growth phase for the glass producer. Apollo Global Management, a US-based diversified financial group with a market value of about $68.5b, channels capital into credit, private equity, infrastructure and real assets. The firm is also rumored to be reshaping assets including Energos Infrastructure and rolling out Daily Pricing across US$850b of credit. Analysts continue to flag thinner recent profit margins and an uneven dividend record even as the deals support expectations of higher origination volumes.

Apollo Funds have completed their acquisition of Nippon Sheet Glass Co., Ltd., a leading global company in architectural, automotive, and solar glass, and launched a new management structure for the business. The transaction, carried out by Apollo Funds together with key financial institutions, is intended to strengthen the company's financial foundation and accelerate investments in its people and technology. Apollo said it will draw on its prior investment experience in the glass, automotive, and manufacturing sectors to help the company build a more robust and sustainable business foundation. Munehiro Hosonuma, Representative Director, President and CEO of NSG Group, said the closing marks the beginning of an exciting new chapter and that the company's expertise, trust, brand, and core values, cultivated over a century of tradition, remain unchanged. Tetsuji Okamoto, Lead Partner, Asia Pacific Private Equity at Apollo, said the combination of Apollo's experience and NSG Group's talent and craftsmanship positions the company to build a strong platform for growth and innovation. Apollo, a global alternative asset manager, reported approximately $1.05 trillion of assets under management as of June 30, 2026.

In the first half of 2026, mergers and acquisitions of Japanese companies by overseas firms rose 27.5 percent year on year to 232 deals, a record high. Overall M&A involving Japanese companies grew 5.1 percent to 2,647 deals, of which domestic deals between Japanese firms increased 5.3 percent to 2,106, while overseas acquisitions by Japanese companies fell 8.3 percent to 309. Against a backdrop of a historically weak yen, foreign investors point to Japanese companies looking undervalued, and deals by foreign investment firms jumped 47.3 percent in value terms to 3.8255 trillion yen. Notable cases include Nippon Sheet Glass receiving an investment of about 165 billion yen from Apollo Global Management, and KKR aiming to take Taiyo Holdings private through a buyout worth roughly 500 billion yen. In political circles, moves are emerging to debate responses to activists, with a Liberal Democratic Party lawmakers' group proposing stricter rules on shareholder proposal rights.