Family Business United continues to champion the family business sector and is delighted to be able to share details of the largest family firms in Japan. Like many countries, family firms are the backbone of the Japanese economy and collectively the fifteen largest family firms in Japan have been trading for over 1,290 years.
In terms of turnover they collectively generate turnover of $144,895 million and employ 505 thousand people.
As Paul Andrews, founder and CEO of Family Business United who champion and celebrate the contribution of family firms around the world adds, “The contribution of the top fifteen Japanese family firms should not be under-estimated as it goes far and beyond revenue generation and jobs. These businesses are at the heart of communities across Japan and make a difference to lives each and every day. They deserve recognition for the wealth they create, the employment they provide and the support they give to organisations through their philanthropic endeavours too.”
|Rank||Family Business||Year Founded||Revenue 2018
|1||Idemitsu Kosan Co. Ltd||1911||$35,127||8,955|
|2||Fast Retailing Co. Ltd||1949||$19,127||52,839|
|4||Suntory Beverage Co. Ltd||1899||$11,796||24,142|
|5||Yamazaki Baking Co. Ltd||1948||$9,656||28,363|
|6||Bic Camera Inc||1968||$7,616||8,554|
|10||HSI Co Ltd||1980||$6,451||13,875|
|11||Sundrug Co. Ltd||1957||$5,312||4,834|
|13||Hikari Tsushin Inc||1988||$4,026||7,225|
|14||Open House Co. Ltd||1997||$3,443||2,263|
|15||Pasona Group Inc||1976||$2,863||7,716|
Source: PwC and Family Capital Research into the 750 Top Family Businesses Note - A family or families had to control at least 50% of the voting shares in a private company or at least 32% of the voting rights in a publicly listed company Note - Only family firms older than 20 years are included allowing a level of transition from the first generation to some participation of the next generation