Largest Companies in Japan Don’t Rank Top 10 in the World
The biggest change we saw was an overall decrease in rankings from 2017. In2017, Toyota was the top Japanese company who ranked 10 in the Global 2000list. In 2018, we didn’t see any Japanese companies in the top 10, whichbecame a viral news in Japan. However, Toyota was close and ranked 12.
Comparing the Largest Companies in Japan from 2017 to 2018
As a last note, we observed 3 notable changes from 2017 to 2018:1. Although none of these Japanese companies made the top 10 in the world,they all have seen increases in their profits, assets, and market value. All,excluding Nippon Telegraph & Telephone (NTT), also have seen an increase insales.2. Eight of the largest Japanese companies have remained on the list, withSony and Mitsubishi bumping KDDI and Japan Post Holdings out of the top 10.3. The 8 original companies all are from the Auto & Truck Manufacturers,Major Banks, or Telecommunication Services industries, while the 2 newcompanies are from the Consumer Electronics or Trading Companies industries.
For more news on Japanese companies or insights on Japan market entry and
localization, join our newsletter and follow us on Twitter! We at btrax arededicated to helping companies in Japan and the U.S. thrive and gain culturalunderstanding of one another. Contact us if you’d like more information aboutus, Japanese web designs, a Japan marketing strategy, and more!Feature Photo by Jezael Melgoza on UnsplashEdit by: Julie SaephanTop 10 Japanese Tech Companies in 2021While 2020 was an abrupt and widespread crisis, it provided a catalyst totransform traditional technological practices. Japan has seen a rise in newattitudes towards digital adoption, alluding to the imminent change for thefuture of human interaction and workplace productivity.We’ve produced a comprehensive list of top technology companies, mostlytraditional Japanese enterprises, based on the following four criteria:capital value, sales, profit, and number of employees.
1. Top 10 Japanese Tech Companies by Market Capitalization (April 2021)
Source: StrainerInsightsLittle has changed from the last decade with the top 5 companies consistentlydominated by major telecom companies in Japan. We expect that they willcontinue to govern for many years to come. E-commerce (Z Holdings Corporation)and gaming (Nexon) companies follow the telecom giants. Notably, there hasbeen a rise in tech consultancies like Nomura Research Institute and OBICCorporation in 2021.Since our last article in 2018, Sony, Recruit, Nintendo, Canon, Hitachi, andMitsubishi have moved from the top 10. These brands have had to compete withbreakthrough innovation from new tech companies with the winners being able tobring constant discovery and development to their customers and partners.Z Holding acquired Yahoo Japan Capital and LINE Ventures to form Z VentureCapital.Notes on the Japanese Gaming IndustryFor the past 2 decades, Microsoft with its Xbox has failed to successfullyenter the Japanese market. This is largely due to failed localization of theXbox product. Japan is home to 3 big console makers, Ninetendo, Sega, andSony.Stream gaming has become a disruptor in the gaming industry. In May 2019,Microsoft and Sony agreed to a surprise partnership for cloud gaming. Googlealso entered the playing field with Stadia, a cloud gaming service. Stadiacontributes to the drop in shares of Sony and Nintendo.In the gaming industry, COVID just accelerated the trend that had been brewingover the previous years. Nexon continues to expand its PC games to mobile. Andremember, there are roughly 3 billion highly game-playable workstations inpeople’s pockets around the world. In 2020, MapleStory was up 151% in Koreaand 171% in Japan – a 24% growth from a year ago.
Notes on NTT Data
With exceptional results in 2013 and 2019, NTT Data Corporation has continuedto achieve outstanding revenue records. This is largely due to successfulbusiness with financial companies and the successful growth in acquisitionssuch as of Carlisle & Gallagher Consulting Group in 2016, Sierra Systems GroupInc in November 2018, Cognosante Consulting LLC in April 2019, AWS partnerFlux7 in December 2019, and ServiceNow partner Acorio in 2020.
Notes on Hitachi
In the fall of 2020, Hitachi’s net profit soared more than five-fold to $3.5billion from the previous year. Operating profit fell 28.9 percent to $2.936billion, and on sales of $55.4 billion, down 5.8 percent. This is due torecovering demand for Hitachi elevators and auto parts in China, the world’ssecond-largest economy. It is considering selling all or part of its stake inits subsidiary Hitachi Metals Ltd., but has yet to make a decision.
4. Top 10 Japanese Tech Companies by the Size (2020)
Rank | Company | Number of Employees —|—|— 1 | Fujitsu | 32,568 2 | Hitachi | 31,442 3 | NEC | 20,125 4 | NTT Data Corporation | 11,515 5 | FUJISOFT | 7,840 6 | SCSK Corporation | 7,384 7 | Otsuka Corporation | 7,272 8 | Nomura Research Institute, Ltd. | 6,353 9 | TIS | 5,680 10 | Nihon Unisys, Ltd. | 4,355 Source：業界動向サーチ.comSince 2018, Hitachi has cut their employment by 11%, mostly in Hitachi Metals,through “voluntary redundancy” and due to COVID. See above in Profits forHitachi considering selling all or part of its stake in subsidiary HitachiMetals Ltd.Mitsubishi Electric, once 3rd in 2018, now is no longer on the list. Thiscould be due to the new recruit’s suicide scandal in 2019.Hitachi, Fujitsu, NEC, and NTT Data Corporation have had consistent employmentnumbers, even through COVID.
Insights on employment in Japan
Lifetime employment (Shūshin koyō) has long been the cornerstone of Japanesecorporate governance. New college graduates will apply to a company ratherthan to a specific position and are expected to stay with the company untilretirement.Today, however, companies are changing their recruitment processes by hiringfor specialized roles because of a shortage in the workforce and an increasein global competition. The latest OECD economic survey suggests that lifetimeemployment of employees in their 30s and 40s at large companies has fallen to15% and 9.4%, respectively. Meanwhile 40% of the current labor force consistsof part-time and contract workers.Current Japanese employment laws are structured around traditional Japanesework culture, making it difficult to terminate employees. As a result,Japanese companies will offer voluntary retirement options if and when theyneed to restructure their businesses.For example, in an attempt to restructure its company, Fujitsu, a Japanesemultinational information technology equipment and services company, announcedit planned to transfer some 5,000 workers from its back-office sections totech-related positions. After this announcement, 2,850 workers voluntarilyapplied for retirement. Reportedly, most of these retirement applicants wereemployees who were 45 or older.Are you interested in entering into the Japanese market? Make sure to defineyour value proposition in the market first before jumping into this lucrativemarket. Btrax has been helping global companies expand their businesses intothe Japanese market since 2004. Contact us to discuss how we can make yourvision come to life in Japan.If you enjoyed this article, sign up for our newsletter to receive the latestupdates on our articles and more!This article was originally published in June 2014. We’ve updated it in 2016,2018, and 2021 to give you the latest information and insights.Original Author: Kisa Nakashima, 2014Top 10 Largest Tech Companies in The World 2021The world of information technology has never rested on its laurels and it haslong been known as the most dynamic sphere of industry for any country aimingto establish itself in the pack of global leaders. Technology, it seems hasgotten the better of human civilisation.The recent spate of major business houses that are en route to online domainsto increase their visibility and relevance worldwide only testifies the factthat tech companies are well past their phase of being industry that would becrucial for the future development trajectory. In fact, many tech companieshave already grown by leaps and bounds. Let’s take a look at the top 10largest tech companies in the world in 2021.
10. Sony ($67 billion)
From a company that manufactured tape recorder in the Second World War tobecoming one of the most recognisable tech companies in the world; Sony isanything but a success story worth all the accolades. The Japanese tech giantbased in the capital city of Tokyo expanded itself in every possible form oftechnology meant for mass use. Whether it is technology to run telecomgadgets, home entertainment, video games, motion pictures and high endtechnology laden televisions and computers, Sony has it all.
1. Apple Inc ($741.6 billion)
No prizes for guessing here. The Steve Jobs found Apple Inc. is the apple ofthe eye for every buyer and admirer of technology. Apple’s line of productslike Ipod, Iphone, Macbook computers precedes its reputation of being thearchitect of most thought provoking innovations. Every tech summit across theworld waits eagerly for Apple Inc. to launch its products which has alwaysdefined cutting edge technology. From the business standpoint, Apple’smasterstroke has been the paradigm shift from being computer manufacturers toconsumer electronics manufacturer under Apple Inc.; the resurrection underSteve Jobs has now made Apple the second largest phone maker in terms of unitsproduced.In this long list of biggest tech companies there are companies like Samsung,Panasonic and Toshiba which have been ruling the domestic roster and have beenvery much in the fray for tech dominance in the world. However, the factremains that at least eight to ten leading tech companies of the world havetheir roots in USA.Another interesting development has been the business outsourcing of thesecompanies to developing countries like India, Brazil and Philippines. Rather,most of the aforementioned companies have either their R&D centers or wellplanned business model to gain maximum leverage from the extremely consumeristmarkets like India to spruce up their businesses by generating huge revenues.The very fact that companies as enormous and globally recognised have handedthe managerial/operational duties to Indian techies adds thrust to thecollective development. Despite heading the countries of best in-housetechnological innovations, China has also adopted open-door policy in thefield of technology.Top 10 Largest Companies Based in Silicon Valley as of 2017Silicon Valley, the famed area in northern California, is a hotspot fortechnology companies and is synonymous with the tech industry and innovation.In the 1970s, companies like Apple, Oracle, and Atari were founded in thearea, helping Silicon Valley become the center of the computer industry.Today, the area’s most prominent companies make it a nearly $3 trillionneighborhood. Here are Silicon Valley’s top publicly-traded companies based onrevenue:
9. Cisco Systems
* Headquarters: San Jose, CACisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner,two Stanford University computer scientists. Cisco Systems, the networkinggiant that manufactures IP-based products, brings together IT andtelecommunications. Its products are used for transporting data, voice, andvideo within companies, across campuses, and also globally.Cisco’s technology is used to make advances in the Internet of Things (IoT),domain security and energy management. Through the years, it has acquiredcompanies that have become subsidiaries, including OpenDNS, WebEx, Jabber andJasper.In 2016, Cisco reported revenues of more than $49 billion.
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