Japan is known worldwide for its innovative approach towards various aspects of day to day life. Japanese people are one of the world’s hardest working people. And the hard work has paid off, even though Japan has been torn apart by war numerous times.
Most devastatingly after the Hiroshima-Nagasaki incident which left a huge hole in the economy of a great nation. But the Japanese emerged from the ashes and stands as a proud nation now. Their development has been so fast and so successful that many of their top companies are now competing with world’s best corporations for supremacy. Here are the top 10 best and largest Japanese companies in the world in 2019.
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Hitachi is a Japanese Conglomerate which was founded more than 100 years ago in 1910. Its founder Namihei Odaira established the company in Hitachi, Ibaraki, Japan. It is a multinational company which has a number of different divisions, all operating in various industries. The businesses include Information and Telecommunication Systems, Social Infrastructure, Financial Services, High Functional Materials and Components, Power Systems, Automotive Systems, Electronic Systems and Equipment, Digital Media & Consumer Products, Railway and Urban Systems, and Construction Machinery. It is among Fortune Global 500 and Global 2000 list as one of the top companies. Its headquarters is in Chiyoda, Tokyo, Japan.
9. Mitsubishi Corporation
Mitsubishi Corporation is a Japanese general trading company. It was incorporated in 1918 and was refounded in 1953. It has headquarters in Marunouchi, Chiyoda, Tokyo, Japan. The multinational company is the biggest trading company in Japan. It has 7 business segments in finance, banking energy, machinery, chemicals and food industry and employs more than 60,000 people. It was previously named Kowa Jitsugyo Kaisha Mitsubishi Shoji and its CEO is Takehiko Kakiuchi.
8. Nissan Motor
Nissan Motor is a multinational company which specialises in the automotive industry. The Japanese company sells under various aliases such as Nissa, Infiniti and Datsun and also Nismo for in-house performance tuning products. It is the 6th largest automaker and its alliance with Renault and Mitsubishi makes it the world’s 4th biggest automaker though Nissan is singularly the biggest brand in China, Mexico, and Russia. It is even the biggest electric vehicle producer in the world.
7. Mizuho Financial Group
Mizuho Financial group is banking and financial services providing company. It has control over Mizuho Bank and Mizuho Corporate Bank and therefore has assets over $1.8 trillion US dollars. Its services include banking, securities, trust, and asset management provides. It has been ranked 2nd in the banking business in Japan and has 15th rank in the whole world for a total number of assets. The company was founded in 2001 and has headquarters in Marunouchi, Chiyoda, Tokyo. It’s CEO and President is Yasuhiro Sato.
Softbank is a Japanese telecommunications and internet company. The multinational corporation was founded in September of 1981. It offers services in various fields which are broadband, e-commerce, fixed-line telecommunications, internet technology services, finance, marketing, media, and designing of semiconductors. The company has headquarters in the city of Tokyo at Japan and its chairman & CEO is Masayoshi Son who coincidently is also its founder.
5. Honda Motor
Honda Motor is a multinational conglomerate which is famous for manufacturing of automobiles, aircraft, power equipment and motorcycles. The Japanese company is the biggest manufacturer of motorcycles in the world since 1959; it is also the largest internal combustion engines manufacturer in the world. It is the 8th largest automobile manufacturer in the world and 2nd largest in Japan. It was founded in 1946 at Hamamatsu, Japan by Soichiro Honda and Takeo Fujisawa. Its headquarters is in Minato, Tokyo, Japan.
4. Nippon Telegraph and Telephone Corporation
The Nippon Telegraph and Telephone Corporation is a Japanese telecommunication company. It was founded as a government monopoly in August 1st of 1952 and after in 1985 as a private company; though the Japanese government still owns 1/3rd of the company’s shares. It is the 4th ranking telecommunication company by revenue and ranks at 65 in Fortune Global 500. It is headed by Hiroo Unoura who is its President and CEO and has headquarters in Otemachi, Chiyoda, Tokyo, Japan.
3. Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group or SMFG is a multinational bank holding and financial service providing corporation. It is one of the biggest financial businesses in the world and is also the 2nd largest bank in Japan according to its market value. It holds whopping $1.8 trillion assets in US Dollars. The Japanese company was founded on December 2, 2002, and its headquarters in Chiyoda, Tokyo, Japan. It provides services in Personal Banking, Corporate Banking, Investment Banking, Investment Management, Wealth Management, Mortgages and in Credit Cards. Takeshi Kunibe is its President and its subsidiaries include Sumitomo Mitsui Banking Corporation, SMFG Card & Credit Co., Ltd., Sumitomo Mitsui Finance, and Leasing Company, Limited, The Japan Research Institute, Limited, SMBC Friend Securities Co., Ltd.
2. Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group is a multinational banking and financial service company. It is the 5th biggest banking corporation in terms of assets which amount to $2.459 US Dollars; it is the primary companies in the Mitsubishi Group. It is also the biggest financial group in Japan and ranks 2nd in bank holding companies. It is also the 2nd biggest public company in Japan in market capitalisation. It was founded on October 1, 2005 and has headquarters in Chiyoda, Tokyo, Japan.
1. Toyota Motors
Toyota Motors is a Japanese automotive manufacturer. It has more than 360,000 employees and is the 5th largest company in accordance to revenue, largest manufacturer of automotive and is also the 1st company to manufacture more than 10 million vehicles each year from 2012. It is the biggest company in Japan by market capitalisation and is also the leading hybrid electric vehicles seller in the world. The company’s Prius family is the top selling hybrid car in the world. The company was founded more than 75 years ago on August 28, 1937, by Kiichiro Toyoda. Its headquarters is in Toyota, Aichi, Japan.
These companies form the backbone of the Japanese economy. Their name, fame, and products are renowned worldwide and have made a name for Japan as one of the top countries in the world. These companies are also responsible for employing millions of people and thus providing a livelihood to them through them.