Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
Top 100 Japanese Companies
The utility industry grew the fastest, with LTM revenues increasing by 19%, followed by consumer cyclical (17%), technology (12%), and real estate (11%). In contrast, all other sectors observed single-digit growth rates. On an annualized basis, energy companies consistently achieved double-digit growth over the past 1-year, 3-year, and 5-year periods, spearheaded by companies such as Ipex. Other companies demonstrating robust growth include ANA Holdings, Tokyo Gas, and Tokyo Electric.
[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period]
| Sector | Company | HQ | Industry | Latest | LTM | year-on-year % | CAGR | ||||||||
| FQ | Sales1 | 3m | 6m | 9m | ltm | 1y | 2y | 3y | 5y | ||||||
| Basic Materials | Mitsubishi Chemical Group Corp | JPN | Chemicals | 2023-09 | 32.57 | -6.4% | -5.3% | 1.0% | 3.5% | 16.5% | 19.3% | 9.0% | 4.5% | ||
| Asahi Kasei Corp | JPN | Chemicals | 2023-12 | 19.61 | 4.2% | 3.2% | 1.2% | 2.7% | 10.8% | 13.8% | 8.2% | 5.9% | |||
| Shin-Etsu Chemical Co Ltd | JPN | Chemicals | 2023-12 | 17.61 | -16.8% | -18.7% | -15.7% | -10.3% | 35.4% | 37.0% | 22.1% | 14.3% | |||
| Sumitomo Chemical Co Ltd | JPN | Chemicals | 2023-12 | 17.44 | -14.9% | -16.1% | -19.9% | -18.1% | 4.7% | 12.5% | 9.2% | 5.7% | |||
| AGC Inc | JPN | Chemicals | 2023-09 | 14.58 | -4.2% | -3.1% | -1.0% | 3.0% | 19.9% | 20.1% | 10.3% | 6.8% | |||
| Nippon Steel Corp | JPN | Steel | 2023-12 | 61.73 | 6.8% | 9.9% | 11.4% | 10.6% | 17.1% | 28.5% | 10.4% | 6.9% | |||
| JFE Holdings Inc | JPN | Steel | 2023-12 | 37.27 | -4.1% | -1.9% | -1.1% | 1.0% | 20.7% | 27.8% | 12.2% | 7.8% | |||
| Kobe Steel Ltd | JPN | Steel | 2023-12 | 18.27 | 0.8% | 2.7% | 5.0% | 7.5% | 18.7% | 20.4% | 9.8% | 5.6% | |||
| Communication Services | Recruit Holdings Co Ltd | JPN | Interactive Media | 2023-12 | 24.25 | -1.5% | -2.1% | -1.1% | 1.2% | 19.4% | 22.9% | 12.6% | 9.6% | ||
| Nippon Telegraph & Telephone Corp | JPN | Telecommunication Services | 2023-12 | 94.71 | 2.0% | 1.6% | 1.5% | 3.7% | 8.1% | 4.9% | 3.4% | 2.2% | |||
| SoftBank Group Corp | JPN | Telecommunication Services | 2023-12 | 47.76 | 4.8% | 4.3% | 2.6% | 2.8% | 5.6% | 8.0% | 7.8% | -6.4% | |||
| SoftBank Corp | JPN | Telecommunication Services | 2023-12 | 43.35 | 2.7% | 3.3% | 3.8% | 3.7% | 3.9% | 6.6% | 6.7% | 10.5% | |||
| KDDI Corp | JPN | Telecommunication Services | 2023-12 | 41.04 | 3.1% | 3.6% | 2.0% | 2.5% | 4.1% | 3.3% | 2.7% | 2.4% | |||
| Consumer Cyclical | Sekisui House Ltd | JPN | Homebuilding & Construction | 2023-10 | 21.53 | 2.9% | 6.8% | 2.8% | 3.9% | 13.1% | 9.4% | 6.6% | 6.3% | ||
| Toray Industries Inc | JPN | Manufacturing - Apparel & Accessories | 2023-12 | 17.24 | -1.6% | -3.4% | -3.8% | -2.7% | 11.7% | 15.0% | 6.0% | 2.5% | |||
| AEON Co Ltd | JPN | Retail - Cyclical | 2023-11 | 67.55 | 3.6% | 4.0% | 4.5% | 4.8% | 4.6% | 2.9% | 1.9% | 1.7% | |||
| Fast Retailing Co Ltd | JPN | Retail - Cyclical | 2023-11 | 20.51 | 13.2% | 14.5% | 17.3% | 19.7% | 20.2% | 13.9% | 11.3% | 5.4% | |||
| Rakuten Group Inc | JPN | Retail - Cyclical | 2023-09 | 14.86 | 10.1% | 9.9% | 9.7% | 11.9% | 14.6% | 15.1% | 15.1% | 15.3% | |||
| Toyota Motor Corp | JPN | Vehicles & Parts | 2023-12 | 311.73 | 23.4% | 23.7% | 23.9% | 22.9% | 18.4% | 16.8% | 7.5% | 4.8% | |||
| Honda Motor Co Ltd | JPN | Vehicles & Parts | 2023-12 | 138.23 | 21.4% | 19.3% | 19.8% | 18.2% | 16.2% | 13.3% | 4.2% | 1.9% | |||
| Nissan Motor Co Ltd | JPN | Vehicles & Parts | 2023-12 | 87.49 | 9.5% | 16.6% | 22.3% | 25.6% | 25.8% | 16.1% | 2.4% | -2.4% | |||
| Denso Corp | JPN | Vehicles & Parts | 2023-12 | 50.78 | 14.0% | 13.1% | 15.5% | 15.9% | 16.1% | 13.9% | 7.5% | 4.6% | |||
| Suzuki Motor Corp | JPN | Vehicles & Parts | 2023-12 | 36.20 | 7.3% | 12.3% | 12.7% | 15.2% | 30.1% | 20.8% | 10.0% | 4.3% | |||
| Aisin Corp | JPN | Vehicles & Parts | 2023-12 | 35.09 | 15.3% | 14.6% | 16.1% | 15.5% | 12.4% | 11.7% | 5.2% | 2.4% | |||
| Mazda Motor Corp | JPN | Vehicles & Parts | 2023-12 | 33.50 | 18.6% | 19.1% | 32.3% | 28.5% | 22.6% | 15.2% | 3.7% | 2.0% | |||
| Bridgestone Corp | JPN | Vehicles & Parts | 2023-12 | 307.63 | 3424.7% | 1745.4% | 1207.7% | 949.6% | 949.6% | 264.5% | 152.0% | 63.9% | |||
| Subaru Corp | JPN | Vehicles & Parts | 2023-12 | 31.83 | 21.4% | 22.3% | 24.5% | 25.9% | 37.5% | 15.5% | 4.1% | 3.1% | |||
| Sumitomo Electric Industries Ltd | JPN | Vehicles & Parts | 2023-12 | 30.78 | 12.6% | 9.5% | 10.6% | 12.4% | 18.9% | 17.2% | 8.8% | 5.4% | |||
| Isuzu Motors Ltd | JPN | Vehicles & Parts | 2023-12 | 24.20 | 6.2% | 6.7% | 8.4% | 10.4% | 27.1% | 29.4% | 15.4% | 9.1% | |||
| Mitsubishi Motors Corp | JPN | Vehicles & Parts | 2023-12 | 19.37 | 13.3% | 11.9% | 14.3% | 11.9% | 20.6% | 30.0% | 2.7% | 2.3% | |||
| Yamaha Motor Co Ltd | JPN | Vehicles & Parts | 2023-09 | 17.36 | 0.1% | 2.8% | 9.4% | 13.1% | 24.1% | 23.6% | 10.5% | 6.1% | |||
| Consumer Defensive | Asahi Group Holdings Ltd | JPN | Beverages - Alcoholic | 2023-09 | 19.36 | 10.2% | 8.4% | 9.4% | 8.9% | 12.3% | 11.3% | 6.3% | 3.8% | ||
| Kirin Holdings Co Ltd | JPN | Beverages - Alcoholic | 2023-09 | 15.01 | 6.9% | 5.5% | 6.2% | 6.6% | 9.2% | 3.7% | 0.8% | 1.3% | |||
| Seven & i Holdings Co Ltd | JPN | Retail - Defensive | 2023-11 | 82.94 | -4.4% | -7.0% | -2.8% | 1.3% | 35.0% | 43.1% | 21.1% | 14.4% | |||
| Mitsubishi Shokuhin Co Ltd | JPN | Retail - Defensive | 2023-12 | 14.68 | 3.5% | 3.9% | 4.0% | 5.5% | 2.1% | -12.0% | -9.1% | -4.5% | |||
| Pan Pacific International Holdings Corp | JPN | Retail - Defensive | 2023-12 | 14.31 | 6.6% | 7.1% | 6.1% | 6.0% | 5.8% | 6.5% | 4.8% | 15.5% | |||
| Japan Tobacco Inc | JPN | Tobacco Products | 2023-09 | 20.25 | 3.0% | 4.5% | 7.4% | 9.3% | 14.3% | 12.7% | 6.9% | 4.4% | |||
| Energy | ENEOS Holdings Inc | JPN | Oil & Gas | 2023-12 | 99.32 | -8.0% | -9.7% | -9.6% | -4.8% | 37.5% | 40.0% | 14.5% | 7.8% | ||
| Idemitsu Kosan Co Ltd | JPN | Oil & Gas | 2023-12 | 61.67 | -0.8% | -8.5% | -11.2% | -6.5% | 41.4% | 44.1% | 16.1% | 20.4% | |||
| Cosmo Energy Holdings Co Ltd | JPN | Oil & Gas | 2023-12 | 19.32 | -2.7% | -2.0% | -4.0% | -2.8% | 14.4% | 11.8% | 0.7% | 2.0% | |||
| Inpex Corp | JPN | Oil & Gas | 2023-12 | 15.44 | -9.9% | -11.4% | -13.7% | -6.8% | -6.8% | 31.9% | 41.1% | 18.3% | |||
| Financial Services | Japan Post Holdings Co Ltd | JPN | Banks | 2023-12 | 79.58 | -5.0% | -0.4% | 0.2% | 0.0% | -1.1% | -2.5% | -2.3% | -2.9% | ||
| Mitsubishi UFJ Financial Group Inc | JPN | Banks | 2023-12 | 40.36 | -3.3% | -3.5% | -8.4% | -5.9% | 28.8% | 15.3% | 8.8% | 7.2% | |||
| Sumitomo Mitsui Financial Group Inc | JPN | Banks | 2023-12 | 28.41 | 20.5% | 10.5% | 9.2% | 5.3% | 8.7% | 10.4% | 6.3% | -4.8% | |||
| Mizuho Financial Group Inc | JPN | Banks | 2023-12 | 20.54 | 14.7% | 12.2% | 10.6% | 13.6% | 6.0% | 4.2% | 4.9% | 3.0% | |||
| Mitsubishi HC Capital Inc | JPN | Credit Services | 2023-12 | 13.63 | 3.6% | -0.2% | 1.0% | 2.6% | 7.4% | 41.5% | 27.1% | 16.9% | |||
| Dai-ichi Life Holdings Inc | JPN | Insurance | 2023-12 | 65.52 | 8.7% | 9.4% | 11.4% | 0.9% | 7.2% | 5.5% | 10.1% | 5.3% | |||
| Tokio Marine Holdings Inc | JPN | Insurance | 2023-12 | 49.80 | 5.0% | 9.4% | 11.4% | 10.5% | 12.0% | 10.0% | 6.2% | 4.0% | |||
| MS&AD Insurance Group Holdings Inc | JPN | Insurance | 2023-12 | 47.99 | 9.8% | 17.1% | 23.8% | 29.9% | 0.9% | 2.4% | 2.9% | 0.0% | |||
| Sompo Holdings Inc | JPN | Insurance | 2023-12 | 34.65 | 14.2% | 7.2% | 10.7% | 10.0% | 8.8% | 8.8% | 6.6% | 3.8% | |||
| Japan Post Insurance Co Ltd | JPN | Insurance | 2023-12 | 21.66 | -6.8% | -3.8% | -2.8% | -4.6% | -11.0% | -9.1% | -9.9% | -10.5% | |||
| T&D Holdings Inc | JPN | Insurance | 2023-12 | 15.29 | 32.8% | 7.1% | 1.0% | 18.9% | 24.9% | 0.1% | 1.4% | 3.0% | |||
| Healthcare | Takeda Pharmaceutical Co Ltd | JPN | Drug Manufacturers | 2023-12 | 29.73 | 1.3% | 2.6% | 4.6% | 5.7% | 12.8% | 12.2% | 7.0% | 17.9% | ||
| Otsuka Holdings Co Ltd | JPN | Drug Manufacturers | 2023-12 | 14.40 | 14.3% | 16.0% | 15.7% | 16.1% | 16.1% | 16.1% | 12.4% | 9.3% | |||
| Medipal Holdings Corp | JPN | Medical Distribution | 2023-12 | 25.01 | 6.1% | 5.7% | 5.7% | 4.7% | 2.1% | 2.3% | 1.1% | 1.3% | |||
| Alfresa Holdings Corp | JPN | Medical Distribution | 2023-12 | 20.17 | 5.1% | 5.7% | 6.4% | 6.0% | 4.3% | 1.6% | 0.0% | 0.7% | |||
| Suzuken Co Ltd | JPN | Medical Distribution | 2023-12 | 16.91 | 0.0% | 3.0% | 3.2% | 2.7% | 3.4% | 4.3% | 1.5% | 1.7% | |||
| Industrials | Mitsubishi Corp | JPN | Conglomerates | 2023-12 | 142.58 | -7.5% | -8.0% | -9.7% | -5.6% | 24.9% | 29.4% | 13.4% | 23.3% | ||
| ITOCHU Corp | JPN | Conglomerates | 2023-12 | 98.79 | 3.5% | -0.9% | -0.9% | 0.8% | 13.4% | 16.0% | 8.3% | 20.4% | |||
| Mitsui & Co Ltd | JPN | Conglomerates | 2023-12 | 94.62 | 0.2% | -6.4% | -9.4% | -6.6% | 21.7% | 33.6% | 19.0% | 23.9% | |||
| Hitachi Ltd | JPN | Conglomerates | 2023-12 | 71.25 | -16.1% | -11.6% | -11.0% | -9.4% | 6.0% | 11.6% | 7.5% | 3.0% | |||
| Toyota Tsusho Corp | JPN | Conglomerates | 2023-12 | 72.68 | 4.7% | 3.6% | 4.7% | 6.0% | 22.7% | 24.9% | 13.7% | 8.7% | |||
| Marubeni Corp | JPN | Conglomerates | 2023-12 | 51.67 | -5.7% | -23.6% | -26.4% | -25.0% | 8.0% | 20.5% | 10.4% | 4.0% | |||
| Sumitomo Corp | JPN | Conglomerates | 2023-12 | 48.58 | 0.3% | -1.8% | -0.1% | 2.9% | 24.1% | 21.2% | 8.8% | 7.1% | |||
| FUJIFILM Holdings Corp | JPN | Conglomerates | 2023-12 | 20.82 | 3.0% | 1.8% | 2.9% | 5.8% | 13.2% | 14.2% | 7.3% | 3.3% | |||
| Hanwa Co Ltd | JPN | Conglomerates | 2023-12 | 17.62 | -8.6% | -10.3% | -9.7% | -6.6% | 23.3% | 23.6% | 11.8% | 8.3% | |||
| Sojitz Corp | JPN | Conglomerates | 2023-12 | 16.71 | -7.8% | -5.7% | -7.1% | -5.4% | 18.0% | 24.4% | 12.2% | 6.4% | |||
| Kyocera Corp | JPN | Conglomerates | 2023-12 | 14.20 | -1.3% | -2.1% | -2.2% | -0.9% | 10.1% | 15.2% | 8.2% | 5.1% | |||
| Daikin Industries Ltd | JPN | Construction | 2023-12 | 30.38 | 7.5% | 7.5% | 9.3% | 12.3% | 28.1% | 26.4% | 16.0% | 11.7% | |||
| Kajima Corp | JPN | Construction | 2023-12 | 18.78 | 11.9% | 12.6% | 13.8% | 12.0% | 15.0% | 12.0% | 6.0% | 5.5% | |||
| Obayashi Corp | JPN | Construction | 2023-12 | 16.01 | 20.0% | 17.8% | 18.1% | 12.9% | 3.2% | 6.0% | -1.5% | 0.9% | |||
| Shimizu Corp | JPN | Construction | 2023-12 | 14.71 | 3.5% | 7.7% | 9.7% | 14.6% | 30.4% | 15.2% | 4.4% | 4.9% | |||
| Komatsu Ltd | JPN | Farm & Heavy Construction Machinery | 2023-12 | 27.09 | 5.6% | 6.8% | 10.1% | 14.2% | 26.4% | 27.2% | 13.2% | 7.2% | |||
| Toyota Industries Corp | JPN | Farm & Heavy Construction Machinery | 2023-12 | 26.67 | 14.5% | 13.5% | 14.6% | 16.7% | 24.9% | 26.3% | 15.9% | 11.0% | |||
| Kubota Corp | JPN | Farm & Heavy Construction Machinery | 2023-12 | 21.54 | 5.3% | 5.9% | 7.4% | 12.8% | 12.8% | 17.3% | 17.7% | 10.3% | |||
| Mitsubishi Electric Corp | JPN | Industrial Products | 2023-12 | 37.23 | 1.5% | 2.6% | 6.1% | 7.4% | 11.8% | 9.3% | 3.9% | 2.4% | |||
| Mitsubishi Heavy Industries Ltd | JPN | Industrial Products | 2023-12 | 32.27 | 12.1% | 10.2% | 11.0% | 9.0% | 8.9% | 6.6% | 1.3% | 0.6% | |||
| Ricoh Co Ltd | JPN | Industrial Products | 2023-12 | 16.43 | 5.4% | 8.8% | 11.1% | 14.5% | 21.4% | 12.6% | 2.0% | 0.7% | |||
| Nidec Corp | JPN | Industrial Products | 2023-12 | 16.39 | 4.4% | 2.5% | 3.2% | 3.9% | 16.9% | 17.7% | 13.5% | 8.6% | |||
| East Japan Railway Co | JPN | Transportation | 2023-12 | 19.11 | 14.6% | 17.3% | 15.9% | 20.5% | 21.6% | 16.8% | -6.5% | -4.0% | |||
| Nippon Yusen Kabushiki Kaisha | JPN | Transportation | 2023-12 | 16.79 | -9.3% | -11.3% | -12.7% | -11.3% | 14.7% | 27.5% | 16.2% | 3.7% | |||
| Nippon Express Holdings Inc | JPN | Transportation | 2023-09 | 16.82 | -17.6% | -16.9% | -14.6% | na | na | na | na | na | |||
| ANA Holdings Inc | JPN | Transportation | 2023-12 | 14.21 | 15.6% | 19.2% | 22.6% | 29.3% | 67.3% | 53.1% | -4.7% | -2.8% | |||
| Real Estate | Daiwa House Industry Co Ltd | JPN | Real Estate | 2023-12 | 37.39 | 4.4% | 5.3% | 9.8% | 11.2% | 10.6% | 9.1% | 3.9% | 5.3% | ||
| Mitsui Fudosan Co Ltd | JPN | Real Estate | 2023-12 | 16.70 | -6.2% | 8.4% | 4.5% | 3.6% | 8.0% | 6.3% | 6.0% | 5.3% | |||
| Technology | Sony Group Corp | JPN | Hardware | 2023-12 | 93.75 | 21.7% | 15.3% | 20.2% | 28.9% | 16.3% | 13.2% | 11.8% | 6.2% | ||
| Panasonic Holdings Corp | JPN | Hardware | 2023-12 | 60.29 | 0.9% | 0.5% | 1.2% | 3.2% | 13.4% | 11.8% | 3.8% | 1.0% | |||
| Canon Inc | JPN | Hardware | 2023-12 | 29.82 | 0.6% | 1.7% | 1.8% | 3.7% | 3.7% | 9.1% | 9.8% | 1.1% | |||
| Sharp Corp | JPN | Hardware | 2023-12 | 16.73 | -14.5% | -12.9% | -10.3% | -8.7% | 2.1% | 2.5% | 4.0% | 1.0% | |||
| TDK Corp | JPN | Hardware | 2023-12 | 14.91 | -4.7% | -6.9% | -5.3% | -5.7% | 14.7% | 21.4% | 17.0% | 11.4% | |||
| NTT Data Group Corp | JPN | Software | 2023-12 | 30.38 | 6.1% | 25.0% | 32.0% | 37.0% | 36.8% | 22.7% | 15.5% | 11.3% | |||
| Fujitsu Ltd | JPN | Software | 2023-12 | 26.53 | -0.1% | 1.4% | 0.2% | 1.1% | 3.5% | 1.7% | -1.3% | -2.0% | |||
| NEC Corp | JPN | Software | 2023-12 | 24.51 | 3.8% | 4.8% | 5.5% | 7.8% | 9.9% | 5.2% | 2.3% | 3.1% | |||
| Utilities | Tokyo Electric Power Co Holdings | JPN | Utilities - Independent Power Producers | 2023-12 | 50.81 | -23.9% | -17.8% | -11.7% | -6.1% | 46.9% | 15.3% | 7.7% | 5.9% | ||
| Kansai Electric Power Co Inc | JPN | Utilities - Independent Power Producers | 2023-12 | 29.79 | -6.5% | 1.3% | 8.1% | 13.6% | 38.6% | 13.0% | 7.5% | 4.7% | |||
| Tohoku Electric Power Co Inc | JPN | Utilities - Independent Power Producers | 2023-12 | 20.90 | -15.7% | -9.6% | -3.6% | 3.3% | 42.9% | 14.7% | 10.2% | 7.7% | |||
| Kyushu Electric Power Co Inc | JPN | Utilities - Independent Power Producers | 2023-12 | 15.95 | -10.6% | -3.9% | 1.0% | 5.8% | 27.4% | 20.8% | 3.3% | 2.5% | |||
| Chubu Electric Power Co Inc | JPN | Utilities - Regulated | 2023-12 | 27.60 | -17.3% | -12.1% | -4.2% | 4.8% | 47.4% | 16.5% | 9.1% | 6.9% | |||
| Tokyo Gas Co Ltd | JPN | Utilities - Regulated | 2023-12 | 20.62 | -32.9% | -25.9% | -17.3% | -5.2% | 52.7% | 36.5% | 19.6% | 13.1% | |||
| Osaka Gas Co Ltd | JPN | Utilities - Regulated | 2023-12 | 15.61 | -16.3% | -11.7% | -5.4% | 2.8% | 43.0% | 29.1% | 18.5% | 11.9% | |||
| Source: Annual Filings, Company Website | |||||||||||||||