Japan’s growing economy is non-stop and one of the reasons for that is because Japan is a global leader for IT and technological development. Moreover, Japan had pioneered several advanced technologies, computers and electrical machineries.
The largest companies in Japan
In this list, we will introduce the top 3 of the largest companies in Japan according to Forbes “World’s Largest Public Companies in 2018” that shapes Japan’s industrial and economic growth.
Toyota Motor Corporation
One of the major exports in Japan is vehicles and this shows in their economy for one of the biggest companies is Toyota Motor, the multinational automotive manufacturer in Toyota, Aichi, Japan. It has a market value of $200.70 billion USD and was ranked number 12 in the biggest company in the world by Forbes 2018. Kiichiro Toyoda founded Toyota Motor Corporation in 1937 and created the first Toyota automobile.
Mitsubishi UFJ Financial
Another of the biggest companies in Japan with vehicle exports is Mitsubishi UFJ Financial is a conglomerate. This autonomous multinational company has a variety of industries not only vehicles but has mining, telecom, shipbuilding, financial services, insurance and many more. It has ranked no. 37 in the world’s biggest companies and has a market value of $86.20 billion USD. Their founder, Iwasaki Yataro started Mitsubishi in 1870 with only three old steamships and then gradually some of his family and relatives expanded the business to various fields.
Softbank Group Corp.
Another of the biggest exports in Japan is electrical machinery and one of the biggest companies is Softbank Group, a multinational conglomerate who owns several of financial, technology and energy companies.Softbank group also owns the world’s largest technology-focused venture capital fund which is Vision Fund. It ranks 39th in the Forbes World’s largest company and has a market value of 84.90 billion USD.
Softbank Group’s CEO and Founder is Masayoshi Son who founded SOFTBANK Corp then in 1981. Masayoshi is now the third richest-person in Japan.
Conclusion
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References:
https://blog.btrax.com/top-largest-japanese-companies/
BY LA