Starbucks Considers Partial Stake Sale in Japan Operations

Starbucks is exploring various strategic options, including a partial stake sale in its Japan operations. The potential deal size could range between 400 billion and 500 billion yen, attracting interest from private equity funds and industry players.

Scraper SystemJune 10, 2026, 11:44 AM

Starbucks Considers Partial Stake Sale in Japan Operations

Starbucks has started considering the option of a partial stake sale in its Japan operations. The potential transaction size is estimated to be between 400 billion and 500 billion yen, approximately 2.5 billion to 3.1 billion dollars.

This move comes as the company re-evaluates its strategic options regarding its business structure in Japan. The sale is expected to attract interest from private equity funds and companies operating in the sector.

Control Change in Japan Unit Back on the Table

The Seattle-based coffee chain took full control of Starbucks Coffee Japan Ltd. in 2014 by acquiring the remaining shares. Prior to that, the Japan operations were run as a joint venture between Starbucks and Sazaby League.

The current consideration of a partial sale signals a new evaluation process regarding the company’s structure in Japan. The scope and final structure of the potential deal have not yet been finalized.

New Assessment Following China Move

In April, Starbucks reached an agreement to transfer control of its China operations to Boyu Capital. The deal, valued at around 4 billion dollars, highlighted the company’s strategic moves concerning its presence in Asia.

During the same period, the company recorded its strongest quarterly sales growth in two and a half years. Nevertheless, questions remain about how quickly CEO Brian Niccol’s restructuring and recovery plan will offset rising costs and restore profit margins.

The consideration of a stake sale in Japan is seen as part of Starbucks’ new phase of balancing growth, restructuring, and capital efficiency. How this process unfolds will closely influence the company’s next steps in the Asian market.

Starbucks Considers Partial Stake Sale in Japan Operations