Starbucks is weighing a sale of a majority stake in its Japanese business in a potential deal that could value the unit at around $3 billion, according to CNBC. The company has engaged several financial advisers and a formal process could begin in the fourth quarter.

The Japan operations comprise 1,883 stores and accounted for about 9% of Starbucks' global footprint as of September 2025.

Starbucks took full control of its Japan arm in 2014 for about $914 million, and the business has grown from roughly 1,050 stores to 1,883 outlets as of September 2025.