Japanese trading companies (sogo-shosha) invested their resources in the Brazilian grain business in the 2010s to ensure stable procurement of grain. However, while these sogo-shosha made similar patterns of investment in inland and port assets of the United States, which is a major grain market for Japan, in the case of the Brazilian market their entry patterns were different. This research considers the factors that influenced the decision-making of the sogo-shosha that were entering the Brazilian grain market business. Understanding these matters is extremely important in order to identify the characteristics of the Brazilian grain market that are important for stable Japanese grain procurement. Against this background, the present research focuses on the information cognition of each company regarding the Brazilian grain market and considers the reasons for the difference in the scope of entry business.
