Japan's Largest Companies
Here is the list of the biggest companies of Japan in 2023:
| Rank | Company | Fortune Global 500 Rank | Revenue ($M) | Headquarters |
|---|---|---|---|---|
| 1 | Toyota Motor | 19 | 274491 | Toyota City |
| 2 | Mitsubishi | 45 | 159371 | Tokyo |
| 3 | Honda Motor | 70 | 124912 | Tokyo |
| 4 | Mitsui | 93 | 105694 | Tokyo |
| 5 | Itochu | 96 | 103029 | Osaka |
| 6 | Nippon Telegraph & Telephone | 109 | 97049 | Tokyo |
| 7 | ENEOS Holdings | 122 | 91437 | Tokyo |
| 8 | Seven & I Holdings | 129 | 88078 | Tokyo |
| 9 | Sony | 140 | 85255 | Tokyo |
| 10 | Japan Post Holdings | 148 | 82291 | Tokyo |
| 11 | Hitachi | 153 | 80389 | Tokyo |
| 12 | Nissan Motor | 160 | 78287 | Yokohama |
| 13 | Toyota Tsusho | 176 | 72760 | Nagoya |
| 14 | Nippon Life Insurance | 181 | 71213 | Osaka |
| 15 | Dai-ichi Life Holdings | 182 | 70329 | Tokyo |
| 16 | Mitsubishi UFJ Financial Group | 187 | 68567 | Tokyo |
| 17 | AEON | 189 | 67985 | Chiba |
| 18 | Marubeni | 190 | 67898 | Tokyo |
| 19 | Panasonic Holdings | 218 | 61903 | Osaka |
| 20 | Idemitsu Kosan | 221 | 61424 | Tokyo |
| 21 | Nippon Steel Corporation | 236 | 58923 | Tokyo |
| 22 | Tokyo Electric Power | 242 | 57616 | Tokyo |
| 23 | Sumitomo | 282 | 50370 | Tokyo |
| 24 | Tokio Marine Holdings | 290 | 49119 | Tokyo |
| 25 | SoftBank Group | 295 | 48542 | Tokyo |
| 26 | Denso | 303 | 47292 | Kariya |
| 27 | Sumitomo Mitsui Financial Group | 321 | 45378 | Tokyo |
| 28 | Mizuho Financial Group | 350 | 42693 | Tokyo |
| 29 | KDDI | 357 | 41902 | Tokyo |
| 30 | Meiji Yasuda Life Insurance | 375 | 40018 | Tokyo |
| 31 | JFE Holdings | 382 | 38925 | Tokyo |
| 32 | MS&AD Insurance Group Holdings | 384 | 38796 | Tokyo |
| 33 | Mitsubishi Electric | 407 | 36967 | Tokyo |
| 34 | Daiwa House Industry | 418 | 36261 | Osaka |
| 35 | Suzuki Motor | 441 | 34292 | Hamamatsu |
| 36 | Mitsubishi Chemical Group | 442 | 34239 | Tokyo |
| 37 | Sompo Holdings | 447 | 34037 | Tokyo |
| 38 | Aisin | 470 | 32528 | Kariya |
| 39 | Bridgestone | 494 | 31298 | Tokyo |
| 40 | Sumitomo Life Insurance | 497 | 31218 | Osaka |
| 41 | Mitsubishi Heavy Industries | 499 | 31050 | Tokyo |
Japan - The Fading Economy
Japan is the world’s third largest economy and used to be one of the most powerful. So what went wrong?
The Japanese economy has been in decline for the past two decades. One of the main reasons for this is that the population is ageing rapidly and there are not enough young people to replace them in the workforce. This has led to stagnation in many sectors of the economy.
Another factor that has contributed to Japan’s economic decline is its high level of debt. The government has been borrowing heavily to fund stimulus packages and other initiatives, but this has only served to increase the country’s debt burden.
There are also structural problems with the Japanese economy, such as a lack of competition and innovation. These factors make it difficult for businesses to grow and create jobs.
Despite these challenges, there are some signs of hope for Japan’s economy. The country has recently embarked on a program of economic reforms, which could help to boost growth in the years ahead. There is also significant potential for Japan to benefit from the global shift towards digital technologies and e-commerce.
If Japan can successfully address these challenges, then it could once again become one of the world’s leading economies.
Source: Fortune
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About the Author
Sergey Karpenko is a co-founder of Asian-links.com and a value investor who has lived in Asia for many years.
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