Battle at Printing-Press Maker Shows Difficulty of Japan Takeovers

TOKYO—Global buyers like Warren Buffett have identified Japan as a industry packed with undervalued firms. But a modern circumstance in which administration utilised a poison pill to halt an intense share buyer—with the Supreme Court’s endorsement—shows why newcomers have a tricky time unlocking Tokyo’s opportunities.

The circumstance involves the business that developed Japan’s very first domestically manufactured rotary printing press in 1906. More than a century later, Tokyo Kikai Seisakusho Ltd. , whose identify implies “machine manufacturing,” nevertheless focuses on producing machines that print newspapers. Not astonishingly, it is having difficulties.