SoftBank’s acquisition of Sprint in 2013 pushed the company to rank third globally in telecom services revenue.
Rise of Major Banks
Financial Groups like Mitsubishi, Sumitomo and Mizuho are all ranked in 2014, in deep contrast to 2010. One thing these companies have in common is that they are all Zaibatsu companies, which refer to family-controlled corporations that have their roots in pre-World War Japan. Mitsubishi UFJ Financial is Japan’s largest financial group and the world’s second largest bank holding company.
Notice the absence of global electronics companies and household names such as Sony and Panasonic in the Top 10. This is due to a slump in Japanese electronics, especially when it comes to newer categories like smartphones and smart TVs. Enjoy the list!