Top 10 Largest Companies in Japan!
The decision to relocate to Japan is difficult. There is a significant cultural difference between the East and the West, both in terms of personal and professional life, and the language is famously difficult to learn.
Attempting to find a position with a stable and well-established organization is a good place to begin, given the number of factors that could cause concern.
Fortunately, Japan is home to some of the world’s and Asia’s largest firms in terms of sales. Despite the fact that some of them may be unfamiliar, many of their products and services are ubiquitous on our high streets and beyond.
According to Forbes’ Global 2000 list, these are the top 10 Largest Companies in Japan
List of the Top 10 Largest Companies in Japan
The following is a list of the Top 10 Largest Companies in Japan:
1. Mitsubishi Corporation
Market value: $41.6 billion
The Tokyo-based Mitsubishi Corporation, one of Mitsubishi’s four major constituent firms, is the Largest Companies in Japan in terms of trading. Highly diversified, it maintains business holdings in a wide range of industries, including finance, machinery, chemicals, and food, while its energy business group (which handles gas and oil transactions and investments) generates substantial revenue.
In 2021, Mitsubishi Corporation earned over $3.1 billion, while its assets were valued at roughly $179.7 billion.
Market value: $72.1 billion
In 1953, Kokisai Denshin Denwa was established as a state-owned enterprise. KDDI was established in its current form in 2000, following the merger of KDD, DDI Corp, and IDO Corp. In 2021, the Tokyo-based telecoms company generated $6.2 billion in earnings on $49.3 billion in revenue.
This Largest Companies in Japan brands include au by KDDI (the second-largest wireless carrier in Japan, with over 60,4 customers), au HIKARI, and FIFTH, while the KDDI Group engages in other industries, including finance, media, marketing, and education.
3. Japan Post Holdings, Inc.
Market value: $34.8 billion
Japan Post Holdings is a diverse conglomerate with interests in banking, insurance, and logistics, in addition to the management of Japan’s mail delivery and post office services. This Largest Companies in Japan is responsible for four key business areas, including the management of Japan’s mail delivery and post office services.
In April 2021, the Japanese government owned 57% of the corporation, which was fully privatized by the end of the year. However, the Japanese government still retains the majority of the company’s equity.
In its most recent fiscal year, Japan Post Holdings earned $4.2 billion on sales of $106.6 billion, and its assets are valued at a staggering $2.9 trillion.
4. Sumitomo Mitsui Financial Group
Market value: $48.9 billion
Sumitomo Mitsui Financial Group is a dominant force in the Japanese banking and finance industry, despite having been created just in 2002. It is one of the world’s largest financial companies, with assets exceeding $2.2 trillion. It is listed on both the Tokyo and New York stock markets and employs more than 86,400 employees throughout its global operations.
It earned $4.9 billion in profits in the most recent fiscal year and continues to expand and acquire several business units.However, it is another Largest Companies in Japan.
5. Honda Motor
Market value: $52.8 billion
Since the early 1980s, Japan has been famous as a mass producer and exporter of automobiles and motorcycles, with Toyota, Mitsubishi, and Nissan carving out enormously important portions of the international market.
Nevertheless, Honda, which is regarded to be the largest motorcycle manufacturer in the world, is one of the most prominent players. This accomplishment has undoubtedly contributed to the company’s exceptional 2021 revenue of $121.8 billion.
In recent years, This Largest Companies in Japan: Honda,has also been active in the industrial business, and it is also actively engaged in artificial intelligence and robotics research. It generated a profit of $3.9 billion last year, while its assets are valued at $201.3 billion.
6. Mitsubishi UFJ Financial Group, Inc.
Market value: $69.7 billion
After a 2006 merger with United Financial of Japan, the Mitsubishi UFJ Financial Group became one of the world’s largest and most powerful banks, serving as the major financial arm of the Mitsubishi Group.
Mitsubishi UFJ is the largest financial firm in Japan, with over $3.4 trillion in assets, and is responsible for dozens of asset management, equities, and securities companies worldwide. It owns substantial stakes in a number of other financial organizations, including Morgan Stanley in the United States, as well as Toyota, Nippon, and the Chase Bank. In its most recent fiscal year, it generated profits of almost $5.2 billion.
7. Nippon Telegraph and Telephone Corporation
Market value: $96.7 billion
With multiple regional, long-distance, and mobile divisions, Nippon Telegraph & Telephone is one of the world’s major telecommunications businesses in terms of revenue.
Despite being listed on multiple stock exchanges (including Tokyo, London, and New York), NTT is about one-third owned by the Japanese government by law. In its most recent fiscal year, it generated approximately $8.3 billion in profits against $110.3 billion in revenue, and it controls assets worth approximately $231.1 billion.Hence, it is also among the Largest Companies in Japan.
Market value: $137.3 billion
Sony is a globally recognized multinational business having interests in the gaming, entertainment, music, and electronics industries, among others. Sony Pictures is responsible for the Jumanji, Men in Black, and Ghostbusters franchises, among others. Sony Music, meanwhile, features artists such as One Direction, Céline Dion, and the Foo Fighters.
These assets are valued at a total of $250.7 billion, while the corporation earned $10.1 billion in 2021 on sales of $79.7 billion.
Market value: $163.1 billion
SoftBank is a diversified conglomerate with holdings in telecommunications, e-commerce, technology, finance, and the media. It holds assets in a wide range of enterprises. It was founded in 1981 as a computer components business by the aspiring entrepreneur Masayoshi Son, and grew substantially in the 1990s and 2000s.
The business is well-known for its extensive marketing strategies and staff perks and benefits package (something of a rarity in Japan). In its most recent fiscal year, it generated revenues of approximately $14.9 billion while maintaining assets of approximately $366.8 billion.
10. Toyota Motor
Market value: $219.2 billion
This Largest Companies in Japan is one of Japan’s most well-known success stories, being the first firm to produce more than 10 million automobiles in a single year. It is the second-largest automaker in the world, behind only Volkswagen of Germany. In addition to being the world leader in hybrid electric vehicles, it also owns the luxury car brand Lexus.
Toyota’s headquarters and manufacturing facilities are located in Toyota City, and the firm continues to be the largest in Japan. In its most recent fiscal year, Toyota generated earnings of $14.3 billion on sales of approximately $249.4 billion and maintains assets worth approximately $561.9 billion.
FAQs On Largest Companies in Japan
What are the top industries in Japan?
Japan’s major export industries include automobiles, consumer electronics (see Electronics industry in Japan), computers, semiconductors, copper, and iron and steel. Additional key industries in Japan’s economy are petrochemicals, pharmaceuticals, bioindustry, shipbuilding, aerospace, textiles, and processed foods.
Which industry is booming in Japan?
Advanced Manufacturing & Robotics
Japan has long dominated both advanced manufacturing and robotics. In 2022, they’re set to continue. Being a manufacturing superpower for so many years built Japan into the world’s third-largest economy by GDP.
What is the #1 largest company in the world?
This list comprises the world’s largest companies by consolidated revenue, according to the Fortune Global 500 2022 rankings. American retail corporation Walmart has been the world’s largest company by revenue since 2014.
What is the richest company in Japan 2022?
Toyota Motor Corporation was the leading domestic company in Japan based on market capitalization, which amounted to around 33.6 trillion Japanese yen in October 2022. Keyence Corporation ranked second with a market capitalization of around 13.7 trillion yen.
What is Japan’s main business?
Japan’s major export industries includes automobiles, consumer electronics, computers, semiconductors, and iron and steel. Additionally, key industries in Japan’s economy are mining, nonferrous metals, petrochemicals, pharmaceuticals, bioindustry, shipbuilding, aerospace, textiles, and processed foods.
Clearly, if you’re seeking employment in Japan, these are some of the most successful and secure companies to consider. If you are willing to overcome the language barrier and the culture shock, your career in Japan could soar with one of these top companies.