Taps Coogan – February 23rd, 2024
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The following article is reposted from Visual Capitalist:
Japan’s top companies are worth a combined $2 trillion.
In this graphic, we use data from CompaniesMarketCap to list the country’s largest corporations, as measured by market capitalization as of Feb. 2, 2024.
Automaker and Electronics Company Lead
Japan is the third largest economy in the world after the United States and China, and also one of the top producers of manufactured goods globally.
The country’s largest company, automaker Toyota, has a market cap of over $273 billion. The company is the largest automobile manufacturer globally, producing about 10 million vehicles per year. It is also the 20th biggest company in the world.
In addition, the automaker is considered the most valuable brand in Japan, worth $53 billion.
| Rank | Name | Sector | Market Cap (USD) |
|---|---|---|---|
| 1 | Toyota | Consumer Discretionary | 273,143,000,000 |
| 2 | Sony | Consumer Discretionary | 121,276,000,000 |
| 3 | Mitsubishi UFJ Financial | Financials | 112,989,000,000 |
| 4 | Keyence | Technology | 108,077,000,000 |
| 5 | Nippon Telegraph & Telephone | Communication Services | 106,295,000,000 |
| 6 | Tokyo Electron | Technology | 87,707,456,525 |
| 7 | Fast Retailing | Consumer Discretionary | 80,279,788,422 |
| 8 | Shin-Etsu Chemical | Industrial | 79,917,463,493 |
| 9 | Hitachi | Conglomerate | 74,758,274,959 |
| 10 | Mitsubishi Corporation | Conglomerate | 71,239,298,556 |
In second place, Sony Group produces a variety of consumer electronics and entertainment products, including televisions, audio equipment, cameras, smartphones, and video games. The company also includes brands such as Sony Pictures and Sony Music, as well as a financial arm.
The list also includes Mitsubishi UFJ Financial (MUFJ), Japan’s largest financial group with nearly $3 trillion in assets, and Recruit, an HR company that owns the job search engine Indeed, as well as the employer review site Glassdoor.
Nintendo, a well-known brand outside of Japan, ranks 13th among the biggest Japanese companies.
At the bottom, Japan Tobacco is the company responsible for selling two well-known American brands, American Spirit and Camel, outside of the United States.
Most of the largest companies in Japan are in the consumer discretionary sector (24%), followed by financial firms (20%) and industrial groups (16%).
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