Japan firms pledge P51B investments in PH across multiple sectors

The Philippines has secured P51 billion in investment pledges from Japanese firms across various sectors, including consumer services, property development, advanced industries, clean energy, and leisure.

Karaoke chain operator Koshidaka Holdings committed P34 billion to establish 300 outlets nationwide over the next decade, potentially creating over 1,500 jobs.

Marubeni Corp. pledged P15 billion for investments in real estate, fintech, healthcare, and afforestation projects.

Sojitz Corp. is investing P2 billion to P3 billion in a property developer to attract artificial intelligence, semiconductor design, software, and healthcare firms, and is also interested in aviation-related projects.

Sumitomo Osaka Cement Co. Ltd. has acquired a 15% stake in Philcement Corp., a subsidiary of the Phinma conglomerate, in a transaction expected to close by year-end.

This investment is expected to boost Philcement's manufacturing operations and commitment to delivering reliable, high-quality cement products under its Union Cement brand.

PHINMA will remain the majority shareholder of Philcement despite Sumitomo's entry.