Top 10 Largest Companies In Japan By Market Cap (2024 Update)
It is thought that Japan’s GDP reached $5 trillion in 2022, thanks to steady growth in the economy.
The GDP of the country grew by 2.8% last year, which is pretty good given they had to deal with Godzilla attacks and battles between huge robots.
The economy of Japan will grow like a bonsai tree over the next five years.
Statistics show that the country’s GDP will grow by an average of 1.3% each year (Source: Fitch Solutions). This will be due to higher trade and higher government spending.
Several things have led to this growth, including government aid programs, more exports, and more spending by consumers.
The country’s economy is also stable because it has a low unemployment rate and steady inflation.
Even though there are problems in the supply chain and the pandemic is still going on, experts are still positive about Japan’s economic future in the years to come.
Japan’s exports went up along with their GDP growth. This was caused in part by their growing tech industry and their love of cute cat videos. Japan was busy making their economy stronger while the rest of the world watched a lot of Netflix and ate a lot of potato chips during lockdowns.
When it comes to the most well-known companies by market value and number of workers, Japan does not disappoint.
There are a lot of big players in the market for everything from electronics to cars.
Toyota, Sony, SoftBank Group, and Mitsubishi UFJ Financial Group are some of Japan’s biggest and most well-known companies based on market value.
In December 2023, Toyota Motor Corporation had a market value of about 42.3 trillion Japanese yen, making it the biggest company in Japan. With a market value of 16.9 trillion yen, Sony Group Corporation came in second. Japan’s Tokyo Stock Exchange is one of the biggest in the world, with a market value of over 867 trillion yen.
READ MORE: Top 10 Best & Largest Accounting Companies in Europe by Revenue
Top 10 Largest Companies In Japan By Market Capitalization
Market Cap: $261.14
Toyota Motor Corporation (TYO:7203.T), which is based in Japan, is the biggest company in the country by market value. When you look at the number of workers and market capitalization, Toyota is clearly the biggest company in Japan.
Wikipedia says they have over 366,283 employees. With a product line that covers everything from small cars to hybrids, they are the biggest company in their field.
Not only that, but they also make a pretty big difference to Japan’s GDP—nearly 8% of the whole country’s GDP, to be exact!
READ MORE: Top 10 Best Autoclave Companies In The US
Market Cap: $118.78
Sony Group Corporation (TYO:6758.T) is one of the most famous companies in Japan. It began in 1946 and has its main office in Tokyo. The company sells a wide range of entertainment and consumer goods. Sony’s PlayStation video game system is one of the best-selling items in the world, and its Walkman portable music player changed the way people used portable music players. In addition, Sony Group Corporation (TYO:6758.T) has its own studios for making movies and computer games.
Market Cap: $107.51
Keyence Corporation (TYO:6861.T) is an Osaka-based company that makes automation tools. The company makes and sells many different items that keep workers safe, let workplace machines talk to each other, and let machines measure units during production. It makes sensors, cameras, fiber optics, microscopes, and data loggers, among other things. The Keyence Corporation (TYO:6861.T) sells its goods all over the world, including in the U.S. and China. Its customers are in fields like making cars, making semiconductors, molding, healthcare, and making steel.
Market Cap: $105
Mitsubishi Group, or just Mitsubishi, is a business company that works in many fields. The companies are officially separate, even though they work together on business projects and are technically under the same name. MUFG Bank, Mitsubishi Corporation, Mitsubishi Electric, and Mitsubishi Heavy Industries are the important ones. It began as a shipping company and expanded as needed to stay in business. For example, it mined coal for fuel, built a shipyard for repairs, and used an iron mill to feed the shipyard.
Market Cap: $99.72
This is NTT, which stands for Nippon Telegraph and Telephone. It is one of Japan’s biggest phone companies.
This tech giant is a big deal. It has over 303,3500 workers (Source: Wikipedia) and a market value of over $102.98 billion (Source: companiesmarketcap).
NTT has a lot of different goods and services, like cell phones, high-speed internet, and data center solutions.
It is also a big part of the Japanese economy; it makes up more than 1% of the country’s GDP.
Market Cap: $80.67
Tokyo Electron Limited (TYO:8035.T) is a company based in Tokyo that makes tools for semiconductors. It makes testing tools, coaters, and coating systems, among other things.
Market Cap: $76.06
Chemical company Shin-Etsu Chemical Co., Ltd. (TYO:4063.T) is based in Tokyo. It also sells caustic soda, pipes, and things that are used to make electronics.
Market Cap: $75.35
Fast Retailing Co., Ltd. (TYO:9983.T) is a clothing business that sells clothes for kids, adults, and teens. The business began in 1949 and has its main office in Yamaguchi. It is Japan’s biggest clothing store and producer in terms of market value. Fast Retailing Co., Ltd. (TYO:9983.T) is best known for its UNIQLO clothing brands. It has different divisions for selling goods in Japan and around the world. It also has a foothold in the real estate business and runs its own stores as well as franchised locations.
Market Cap: $67.43
Hitachi, Ltd. (TYO:6501.T) is a company based in Tokyo that has been making industrial tools since 1910. A lot of different things are made and sold by the company, like ATMs and industrial process scanners.
Market Cap: $66.87
KDDI is a Japanese phone company with a lot of amazing numbers. KDDI is a big name in the tech business. It has over 48,829 employees (source: macrotrends) and a strong position in the cell phone market.
It sells a lot of different things, from smartphones to internet services to AI technology. In terms of GDP, KDDI made more than $48,476 billion in 2020 (source: macrotrends), which is a lot of money.
Japan is full of contrasts that are all beautiful. Its industrial areas and unique landscapes work together perfectly. One thing that strikes people about it is that it is one of the biggest automakers in the world while also being the least dependent on exports among the G7. It doesn’t get a lot of foreign direct investment, but it is still one of the biggest creditor countries.
This list of the top 10 companies in Japan by market cap shows how flexible the country’s economy is. It also shows a lot of other unique things about Japan.
Financial service firms play an important role in the Canadian economy. Let’s explore the biggest companies in Canada that provide financial services.
The largest banks in the world play a crucial role in the global economy. They facilitate international trade, provide business loans, and offer financial services …
Check out the biggest lubricant companies in Europe by market cap!