Starbucks is reportedly considering options related to its business in Japan, including selling shares and an IPO.

According to several informed sources, Starbucks is considering options for its business in Japan, including selling equity. Previously, the company had sold a majority of its equity in its Chinese business. The sources said that the American coffee chain giant has had preliminary discussions with investment banks to help determine the handling of its Japan business. The sources, who did not want to be named because the discussions were not public, mentioned that Japan is one of Starbucks' largest markets with around 2,100 stores, most of which are operated directly by Starbucks. Some sources said that the estimated valuation for the sale of equity could be between 400 billion yen and 500 billion yen, and it may attract interest from other industry players and private equity firms. They also mentioned that an IPO for the Japan business is also an option. The sources added that these considerations are still in the early stages and no final decision has been made.