The largest companies in Japan by revenue are carmakers, general trading houses, banks and insurers, with a smaller number of electronics, retail and materials groups. This list ranks the 25 Japanese companies with the highest revenue in the Fortune Global 500 2026, published by Fortune on 28 July 2026.
Toyota Motor leads with US$336.3bn of revenue for the year to 31 March 2026, placing 14th in the world. Japan has 40 companies on the 2026 global list, the third-highest national total after the United States (141) and mainland China (116).
Revenue figures are Fortune's, converted from yen to US dollars at the average exchange rate of each company's fiscal year.
Contents
- Composition of the ranking
- Methodology
- The list
- Ranking table
- Frequently asked questions
- See also
Composition of the ranking
Five of the Japanese top 25 are general trading houses (sōgō shōsha): Mitsubishi Corporation, ITOCHU, Mitsui, Toyota Tsusho and Marubeni. Financial services contribute eight entries, comprising the three megabank groups (MUFG, SMFG and Mizuho), Japan Post Holdings and four insurers. Three carmakers appear: Toyota, Honda and Nissan; the parts supplier Denso is 26th and just outside the list.
Three of the 25 reported net losses for their latest fiscal year: Honda, Sony and Nissan. SoftBank Group recorded the largest profit, US$33.2bn, despite ranking 24th by revenue.
Methodology
Entries are the 25 highest-revenue companies that Fortune assigns to Japan in the Fortune Global 500 2026, in Fortune's order. Fortune ranks companies by total revenue for fiscal years ended on or before 31 March 2026, and includes only companies that publish financial data and report some or all of their figures to a government agency.
Revenue includes consolidated subsidiaries and discontinued operations and excludes excise taxes. For banks it is gross interest income plus gross non-interest income; for insurers it includes premium and annuity income and investment income, excluding deposits. Figures for non-US companies are converted to US dollars at the average exchange rate of each company's fiscal year, so year-on-year changes include the movement of the yen.
Fiscal years. Fortune's company profiles state that figures are for fiscal years ended 31 March 2026 for 23 of the 25 companies, and 28 February 2026 for AEON and Seven & i Holdings. Business descriptions are drawn from Forbes and Fortune company profiles.
The list
1
Automotive group; US$336.3bn revenue in the latest fiscal year
Best for: Automotive
Toyota Motor is Japan's largest company by a wide margin, with revenue of US$336.3bn for the year to March 2026, more than double that of second-placed Honda, and 14th in the world. Headquartered in Toyota City in Aichi prefecture, it makes the Corolla, owns the Lexus brand and holds minority stakes in Mazda and Subaru. Its profit of US$25.5bn is the highest of any Japanese company on the list after SoftBank Group.
- Revenue (FY ended 31 March 2026)
- US$336.3bn (Fortune)
- Revenue change (US$)
- 6.7%
- Profit
- US$25.5bn
- Industry (Fortune)
- Motor Vehicles & Parts
- Headquarters (Fortune)
- Toyota, Japan
- Employees
- 390,927
- Fortune Global 500 2026 rank
- 14
2
Automotive group; US$144.6bn revenue in the latest fiscal year
Best for: Automotive
Honda Motor, founded in 1946 as a maker of auxiliary bicycle engines, builds cars and motorcycles and also produces power equipment, personal watercraft, robotics and jet engines. Revenue rose 1.7% to US$144.6bn, but Honda reported a net loss of US$2.8bn for the year to March 2026.
- Revenue (FY ended 31 March 2026)
- US$144.6bn (Fortune)
- Revenue change (US$)
- 1.7%
- Profit
- US$-2.8bn
- Industry (Fortune)
- Motor Vehicles & Parts
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 195,109
- Fortune Global 500 2026 rank
- 55
3
MC
Trading house group; US$125.5bn revenue in the latest fiscal year
Best for: Trading house
Mitsubishi Corporation is the largest of Japan's general trading houses (sōgō shōsha) by revenue, at US$125.5bn. Incorporated in 1950 and based in Tokyo, it develops and trades natural gas, industrial materials, chemicals, mineral resources, automotive, food and power businesses worldwide.
- Revenue (FY ended 31 March 2026)
- US$125.5bn (Fortune)
- Revenue change (US$)
- 2.8%
- Profit
- US$5.3bn
- Industry (Fortune)
- Trading
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 63,037
- Fortune Global 500 2026 rank
- 76
4
I
Trading house group; US$98.4bn revenue in the latest fiscal year
Best for: Trading house
ITOCHU is a general trading house whose segments span textiles, machinery, metals and minerals, energy and chemicals, food, and ICT and real estate. Forbes gives its headquarters as Tokyo, while Fortune lists Osaka. Revenue was US$98.4bn with profit of US$6.0bn, the highest of the trading companies.
- Revenue (FY ended 31 March 2026)
- US$98.4bn (Fortune)
- Revenue change (US$)
- 1.8%
- Profit
- US$6.0bn
- Industry (Fortune)
- Trading
- Headquarters (Fortune)
- Osaka, Japan
- Employees
- 137,300
- Fortune Global 500 2026 rank
- 107
5
NL
Life insurance group; US$98.0bn revenue in the latest fiscal year
Best for: Life insurance
Nippon Life Insurance is Japan's largest life insurer by revenue and the only mutual company in the national top 25, which is why it does not appear in rankings limited to listed companies. Its revenue rose 35.8% in dollar terms to US$98.0bn, lifting it 72 places in the global ranking to 111th.
- Revenue (FY ended 31 March 2026)
- US$98.0bn (Fortune)
- Revenue change (US$)
- 35.8%
- Profit
- US$4.0bn
- Industry (Fortune)
- Insurance: Life, Health (Mutual)
- Headquarters (Fortune)
- Osaka, Japan
- Employees
- 172,869
- Fortune Global 500 2026 rank
- 111
6
Banking group; US$97.0bn revenue in the latest fiscal year
Best for: Banking
Mitsubishi UFJ Financial Group (MUFG) is Japan's largest bank holding company by revenue, at US$97.0bn, and its profit of US$16.1bn is the highest of the Japanese banks. It operates retail, corporate, global commercial banking and asset-management divisions through its subsidiaries.
- Revenue (FY ended 31 March 2026)
- US$97.0bn (Fortune)
- Revenue change (US$)
- 8.5%
- Profit
- US$16.1bn
- Industry (Fortune)
- Banks: Commercial and Savings
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 161,509
- Fortune Global 500 2026 rank
- 113
7
Telecommunications group; US$95.6bn revenue in the latest fiscal year
Best for: Telecommunications
NTT is a Tokyo-based telecommunications holding company with domestic regional carriers, an integrated ICT business and a global solutions division. Revenue increased 6.4% to US$95.6bn and NTT employs 344,196 people, the third-largest workforce in Japan's top 25 after AEON and Toyota.
- Revenue (FY ended 31 March 2026)
- US$95.6bn (Fortune)
- Revenue change (US$)
- 6.4%
- Profit
- US$6.9bn
- Industry (Fortune)
- Telecommunications
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 344,196
- Fortune Global 500 2026 rank
- 114
8
Trading house group; US$92.9bn revenue in the latest fiscal year
Best for: Trading house
Mitsui & Co. is a general trading house with segments in iron and steel products, mineral and metal resources, machinery and infrastructure, chemicals, energy and lifestyle businesses. Its revenue fell 3.5% to US$92.9bn and it dropped 14 places in the global ranking.
- Revenue (FY ended 31 March 2026)
- US$92.9bn (Fortune)
- Revenue change (US$)
- -3.5%
- Profit
- US$5.5bn
- Industry (Fortune)
- Trading
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 55,456
- Fortune Global 500 2026 rank
- 124
9
S
Electronics and entertainment group; US$87.3bn revenue in the latest fiscal year
Best for: Electronics and entertainment
Sony Group operates games and network services, music, pictures, entertainment technology, imaging and sensing, and financial services. Fortune records revenue of US$87.3bn, including discontinued operations, and a net loss of US$2.2bn for the year to March 2026.
- Revenue (FY ended 31 March 2026)
- US$87.3bn (Fortune)
- Revenue change (US$)
- 2.7%
- Profit
- US$-2.2bn
- Industry (Fortune)
- Electronics, Electrical Equip.
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 94,900
- Fortune Global 500 2026 rank
- 141
10
Automotive group; US$79.7bn revenue in the latest fiscal year
Best for: Automotive
Nissan Motor, based in Yokohama, manufactures vehicles, forklifts and marine equipment and runs a sales-finance business. Its revenue fell 3.9% to US$79.7bn and it reported a net loss of US$3.5bn, the largest loss among Japan's top 25 companies.
- Revenue (FY ended 31 March 2026)
- US$79.7bn (Fortune)
- Revenue change (US$)
- -3.9%
- Profit
- US$-3.5bn
- Industry (Fortune)
- Motor Vehicles & Parts
- Headquarters (Fortune)
- Yokohama, Japan
- Employees
- 127,499
- Fortune Global 500 2026 rank
- 168
11
TT
Trading house group; US$76.7bn revenue in the latest fiscal year
Best for: Trading house
Toyota Tsusho is the Nagoya-based trading company of the Toyota group, active in metals, the circular economy, supply chains, mobility, green infrastructure and Africa. Revenue grew 13.4% to US$76.7bn, moving it up 23 places in the global ranking.
- Revenue (FY ended 31 March 2026)
- US$76.7bn (Fortune)
- Revenue change (US$)
- 13.4%
- Profit
- US$2.5bn
- Industry (Fortune)
- Trading
- Headquarters (Fortune)
- Nagoya, Japan
- Employees
- 74,927
- Fortune Global 500 2026 rank
- 175
12
JP
Postal, banking and insurance group; US$75.9bn revenue in the latest fiscal year
Best for: Postal, banking and insurance
Japan Post Holdings manages the postal, logistics, post-office network, banking and life-insurance businesses of the former state postal system. It recorded revenue of US$75.9bn and employs 224,429 people.
- Revenue (FY ended 31 March 2026)
- US$75.9bn (Fortune)
- Revenue change (US$)
- 0.9%
- Profit
- US$2.5bn
- Industry (Fortune)
- Insurance: Life, Health (stock)
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 224,429
- Fortune Global 500 2026 rank
- 177
13
DL
Life insurance group; US$75.0bn revenue in the latest fiscal year
Best for: Life insurance
Daiichi Life Group provides life insurance and pension products in Japan and abroad; it changed its name from Dai-ichi Life Holdings on 1 April 2026. Revenue rose 15.9% to US$75.0bn.
- Revenue (FY ended 31 March 2026)
- US$75.0bn (Fortune)
- Revenue change (US$)
- 15.9%
- Profit
- US$2.9bn
- Industry (Fortune)
- Insurance: Life, Health (stock)
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 60,138
- Fortune Global 500 2026 rank
- 182
14
SM
Banking group; US$71.6bn revenue in the latest fiscal year
Best for: Banking
Sumitomo Mitsui Financial Group (SMFG) is a bank holding company founded in 2002 whose businesses include banking, leasing, securities and consumer finance. Revenue was US$71.6bn and profit US$10.5bn, second among Japanese banks after MUFG.
- Revenue (FY ended 31 March 2026)
- US$71.6bn (Fortune)
- Revenue change (US$)
- 7.3%
- Profit
- US$10.5bn
- Industry (Fortune)
- Banks: Commercial and Savings
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 127,697
- Fortune Global 500 2026 rank
- 190
15
A
Retail group; US$71.5bn revenue in the latest fiscal year
Best for: Retail
AEON is Japan's largest retailer by revenue, operating general merchandise stores, supermarkets, discount stores, shopping centres, drugstores and financial services from its base in Chiba. It employs 427,230 people, more than any other Japanese company on the list, and its fiscal year ended on 28 February 2026.
- Revenue (FY ended 28 February 2026)
- US$71.5bn (Fortune)
- Revenue change (US$)
- 7.6%
- Profit
- US$484.8m
- Industry (Fortune)
- Food & Drug Stores
- Headquarters (Fortune)
- Chiba, Japan
- Employees
- 427,230
- Fortune Global 500 2026 rank
- 192
16
H
Electrical equipment group; US$70.2bn revenue in the latest fiscal year
Best for: Electrical equipment
Hitachi organises its business into digital systems and services, energy (including power grids), mobility and connective industries. Revenue rose 9.5% to US$70.2bn with profit of US$5.3bn.
- Revenue (FY ended 31 March 2026)
- US$70.2bn (Fortune)
- Revenue change (US$)
- 9.5%
- Profit
- US$5.3bn
- Industry (Fortune)
- Electronics, Electrical Equip.
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 287,901
- Fortune Global 500 2026 rank
- 197
17
SI
Convenience retail group; US$69.6bn revenue in the latest fiscal year
Best for: Convenience retail
Seven & i Holdings owns the 7-Eleven convenience-store chains in Japan and overseas as well as supermarkets and financial services. Its revenue fell 11.4% to US$69.6bn for the year to February 2026, and it dropped 43 places in the global ranking.
- Revenue (FY ended 28 February 2026)
- US$69.6bn (Fortune)
- Revenue change (US$)
- -11.4%
- Profit
- US$2.0bn
- Industry (Fortune)
- Food & Drug Stores
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 61,165
- Fortune Global 500 2026 rank
- 205
18
NS
Steel group; US$66.8bn revenue in the latest fiscal year
Best for: Steel
Nippon Steel is Japan's largest steelmaker, producing sheets, plates, bars, pipes and tubes, with engineering, chemicals and system-solutions businesses. Revenue grew 17.1% to US$66.8bn, among the fastest increases in Japan's top 25, while profit was US$113.9m.
- Revenue (FY ended 31 March 2026)
- US$66.8bn (Fortune)
- Revenue change (US$)
- 17.1%
- Profit
- US$113.9m
- Industry (Fortune)
- Metals
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 144,916
- Fortune Global 500 2026 rank
- 219
19
Oil refining group; US$64.3bn revenue in the latest fiscal year
Best for: Oil refining
ENEOS Holdings manages a group active in petroleum products, oil and gas development, functional materials, and electricity and renewable energy. Fortune deducts excise taxes from its revenue, which fell 11.6% to US$64.3bn.
- Revenue (FY ended 31 March 2026)
- US$64.3bn (Fortune)
- Revenue change (US$)
- -11.6%
- Profit
- US$1.7bn
- Industry (Fortune)
- Petroleum Refining
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 39,986
- Fortune Global 500 2026 rank
- 228
20
Banking group; US$60.3bn revenue in the latest fiscal year
Best for: Banking
Mizuho Financial Group is the third of Japan's three megabank groups on the list, with banking, trust banking and securities businesses. Revenue rose 1.8% to US$60.3bn and profit was US$8.3bn.
- Revenue (FY ended 31 March 2026)
- US$60.3bn (Fortune)
- Revenue change (US$)
- 1.8%
- Profit
- US$8.3bn
- Industry (Fortune)
- Banks: Commercial and Savings
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 52,427
- Fortune Global 500 2026 rank
- 253
21
TM
Non-life insurance group; US$58.9bn revenue in the latest fiscal year
Best for: Non-life insurance
Tokio Marine Holdings is Japan's largest property and casualty insurer on Fortune's list, with domestic non-life, domestic life and international insurance segments. Revenue was US$58.9bn and profit US$6.5bn.
- Revenue (FY ended 31 March 2026)
- US$58.9bn (Fortune)
- Revenue change (US$)
- 6.3%
- Profit
- US$6.5bn
- Industry (Fortune)
- Insurance: Property and Casualty (Stock)
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 51,717
- Fortune Global 500 2026 rank
- 261
22
Trading house group; US$54.8bn revenue in the latest fiscal year
Best for: Trading house
Marubeni is a Tokyo trading house with segments in food and consumer products, chemicals and forest products, energy and metals, transport machinery, and power projects. Revenue increased 7.3% to US$54.8bn.
- Revenue (FY ended 31 March 2026)
- US$54.8bn (Fortune)
- Revenue change (US$)
- 7.3%
- Profit
- US$3.6bn
- Industry (Fortune)
- Trading
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 56,244
- Fortune Global 500 2026 rank
- 277
23
Electronics group; US$53.4bn revenue in the latest fiscal year
Best for: Electronics
Panasonic Holdings makes household appliances, automotive systems, industrial devices and batteries through its lifestyle, automotive, connect, industry and energy segments. The Osaka company's revenue fell 3.8% to US$53.4bn.
- Revenue (FY ended 31 March 2026)
- US$53.4bn (Fortune)
- Revenue change (US$)
- -3.8%
- Profit
- US$1.3bn
- Industry (Fortune)
- Electronics, Electrical Equip.
- Headquarters (Fortune)
- Osaka, Japan
- Employees
- 183,685
- Fortune Global 500 2026 rank
- 286
24
SG
Investment and telecoms group; US$51.7bn revenue in the latest fiscal year
Best for: Investment and telecoms
SoftBank Group is a Tokyo holding company whose segments are the SoftBank Vision Fund, the SoftBank mobile operator and the chip designer Arm. Its revenue of US$51.7bn places it 24th in Japan, but its US$33.2bn profit is the highest of any Japanese company in the ranking.
- Revenue (FY ended 31 March 2026)
- US$51.7bn (Fortune)
- Revenue change (US$)
- 8.9%
- Profit
- US$33.2bn
- Industry (Fortune)
- Telecommunications
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 73,677
- Fortune Global 500 2026 rank
- 300
25
MI
Non-life insurance group; US$50.8bn revenue in the latest fiscal year
Best for: Non-life insurance
MS&AD Insurance Group Holdings manages non-life and life insurance companies in Japan and an international insurance business. Revenue rose 16.2% to US$50.8bn, moving it up 40 places in the global ranking.
- Revenue (FY ended 31 March 2026)
- US$50.8bn (Fortune)
- Revenue change (US$)
- 16.2%
- Profit
- US$5.2bn
- Industry (Fortune)
- Insurance: Property and Casualty (Stock)
- Headquarters (Fortune)
- Tokyo, Japan
- Employees
- 39,746
- Fortune Global 500 2026 rank
- 310
Frequently asked questions
What is the largest company in Japan?
Toyota Motor is the largest company in Japan by revenue. Fortune records US$336.3bn for its fiscal year ended 31 March 2026, ranking it 14th in the Fortune Global 500 2026 and more than twice the revenue of the next Japanese company, Honda Motor, at US$144.6bn. Toyota also earned US$25.5bn in profit.
How many Japanese companies are in the Fortune Global 500?
Forty Japanese companies appear in the Fortune Global 500 2026, the third-largest national total after the United States with 141 and mainland China with 116. The smallest Japanese entry, Daikin Industries, ranks 498th with revenue of US$33.3bn.
What are the sogo shosha?
Sogo shosha are Japan's general trading companies, which trade commodities and manufactured goods and invest in energy, metals, food, machinery and infrastructure businesses. Five appear in the Japanese top 25 by revenue: Mitsubishi Corporation, ITOCHU, Mitsui, Toyota Tsusho and Marubeni. Sumitomo Corporation ranks 28th among Japanese companies on the Fortune list.
What is the most profitable company in Japan?
On Fortune Global 500 2026 figures, SoftBank Group reported the highest profit of any Japanese company, US$33.2bn for the year to March 2026, followed by Toyota Motor with US$25.5bn and Mitsubishi UFJ Financial Group with US$16.1bn. SoftBank's profit is unusually large relative to its US$51.7bn revenue.
Which is the largest bank in Japan?
Mitsubishi UFJ Financial Group is the largest Japanese bank by revenue, with US$97.0bn for the year to March 2026 according to Fortune. Sumitomo Mitsui Financial Group (US$71.6bn) and Mizuho Financial Group (US$60.3bn) follow. Japan Post Holdings, which includes a bank and a life insurer, reported US$75.9bn.
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