Top 11 Largest Banks in Japan
The banking industry in Japan is secure and well-managed. In Japan, there are about 195 banks functioning, 54 of which are international financial ... read more...organizations. Let's discover the Largest Banks in Japan by Market Cap.
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A bank holding and financial services firm with its headquarters in Chiyoda, Tokyo, Japan, is Mitsubishi UFJ Financial Group, Inc. One of the "Three Great Houses" of the Mitsubishi Group, along with Mitsubishi Corporation and Mitsubishi Heavy Industries, MUFG has assets worth approximately US$3.1 trillion as of 2016. As of March 2011, it was the second-biggest bank holding company in the world and the largest financial group in Japan, with deposits totaling around US$1.8 trillion (JP148 trillion). United Financial of Japan and Mitsubishi are represented by the initials MUFG.
Mitsubishi UFJ Financial's market cap was $76.78 billion as of March 2023. Mitsubishi UFJ Financial is now the 175th most valuable company in the world, according to market cap. The most recent financial reports from Mitsubishi UFJ Financial show that the company's current revenue (TTM) is $45.03 billion. The company's revenue in 2021, which was $40.87 billion, was lower than its revenue in 2020, which was $43.13 billion.
Founded: October 1, 2005
Headquarters: 2-7-1 Marunouchi, Chiyoda, Tokyo, Japan
Website: www.mufg.jp -
The headquarters of the global Japanese banking and financial services company Sumitomo Mitsui Banking Corporation Group are in Yurakucho, Chiyoda, Tokyo, Japan. The group is active globally in the retail, corporate, and investment banking sectors. It serves a wide spectrum of customers, including individuals, small and medium-sized businesses, large corporations, financial institutions, and organizations in the public sector. It has been listed on the Financial Stability Board's list of internationally significant banks since 2011.
Sumitomo Mitsui Financial Group's market capitalization was $55.11 billion as of April 2023. According to market capitalization, Sumitomo Mitsui Financial Group is now the 287th most valuable firm in the world. The most recent financial reports from Sumitomo Mitsui Financial Group show that the company's current revenue (TTM) is $28.37 Billion. The company's revenue in 2021 was $28.98 billion, down from $30.55 billion in revenue in 2020.
Founded: June 6, 1996
Headquarters: Chiyoda-ku, Tokyo, Japan
Website: www.smbc.co.jp -
The headquarters of the banking holding company Mizuho Financial Group are in Chiyoda's Temachi neighborhood in Tokyo, Japan. Mizuho is a Japanese word that, when translated literally, means "harvest" and "abundant rice." It was the largest bank in the world in terms of assets when it was founded. The Financial Stability Board views this bank as one of systemic importance.
Through its control over Mizuho Bank and other operating subsidiaries, it holds assets worth more than $1.8 trillion in US dollars. The company's holdings as a whole rank as Japan's third-largest financial services group. In Japan, its banking operations are ranked third behind SMBC Group and Mitsubishi UFJ Financial Group. As of December 2018, it was the 15th-largest global banking institution by total assets.In May 2017, Forbes ranked it as the 90th-largest firm in the world. It is traded as American depositary receipts on the New York Stock Exchange and the Tokyo Stock Exchange, where it is a part of the Nikkei 225 and TOPIX Core30 indices.
Mizuho Financial Group's market cap as of March 2023 is $35.88 billion. By market cap, Mizuho Financial Group is now the 479th most valuable corporation in the world. The most recent financial reports from Mizuho Financial Group indicate that the company's current revenue (TTM) is $20.53 billion. The company generated $23.28 billion in revenue in 2021, an increase from $22.04 billion in revenue in 2020.
Founded: September 2000
Headquarters: Marunouchi, Chiyoda, Tokyo, Japan
Website: mizuhogroup.com -
A Japanese bank with its main office in Tokyo is called Japan Post Bank. It is a company owned by Japan Post Holdings, in which the Japanese government holds the majority of the shares. It is a significant financial organization that was founded in 1875 as a postal savings system and is still predominantly run out of post office branches today. It manages assets worth more than 205 trillion yen and provides services in about 24,000 branches across Japan.
At various points during its existence, it was the biggest financial organization on the planet. Since its inception, it has made important contributions to the economic development of Japan as well as the provision of financial services to the nation's citizens.
Japan Post Bank had always been wholly owned by the government and, organizationally, a component of the postal system for the overwhelming duration of its history. A bill to start privatizing Japan Post Bank and establish separate businesses to manage each of Japan Post's several obligations was enacted in 2007. The government is still selling its shares in Japan Post Bank and its parent business.
Japan Post Bank's market cap was $31.88 billion as of March 2023. By market cap, this places Japan Post Bank as the 537th most valuable corporation in the world. The most recent financial reports from Japan Post Bank indicate that the company's current revenue (TTM) is $11.81 billion. The corporation generated $17.32 billion in revenue in 2021, a rise from $13.77 billion in revenue in 2020.
Founded: 1 September 2006
Headquarters: Chiyoda, Tokyo, Japan
Website: www.jp-bank.japanpost.jp -
Almost 5,612 agricultural, fisheries, and forestry cooperatives are served by Norinchukin Bank, a Japanese cooperative bank with a Tokyo headquarters. With assets worth over US$840 billion and an investment portfolio worth more than US$400 billion, the bank is among the biggest institutional investors in Japan.
The bank invests in bonds, securitization products, stocks, private equity, real estate, and other financial instruments through its New York City, London, and Singapore-based international branches. The bank's primary business lines are asset management and large-scale corporate lending because just about 3,200 workers are responsible for managing enormous assets worth up to US$840 billion.
Cooperative federations like the Japan Agricultural Cooperatives (JA) and the Japan Fisheries Cooperatives (JF) are among its members. Norinchukin backs political advocacy groups that oppose agricultural imports and the decline in rural communities' standard of living. In addition to five branches outside of Japan, Norinchukin maintains 41 offices nationwide.
Founded: 1923
Headquarters: DN Tower 21, Tokyo, Japan
Website: https://www.nochubank.or.jp/en/ -
As of 2022, Resona Holdings is Japan's sixth-largest banking group. Its main office is located in Tokyo's Koto neighborhood of Kiba. The group's two primary operational companies are Saitama Resona Bank, a smaller bank with headquarters in Saitama City that largely serves Saitama Prefecture, and Resona Bank, a national business and retail bank with headquarters in Osaka. The majority of these banks' operations are a direct result of the 2003 merger of Daiwa Bank and Asahi Bank.
In order to act as the parent company for Daiwa, Kinki Osaka Bank, and Nara Bank, Daiwa established a bank holding company, Daiwa Bank Holdings, in December 2001. Later that month, Daiwa stated that it would purchase Asahi Bank through a share exchange, creating the fifth-largest banking company in the country.Later that month, Daiwa made the announcement that it would acquire Asahi Bank through a share exchange, creating the fifth-largest banking group in Japan. On October 1, 2002, Resona Holdings, Inc. became the new name of the business.
On March 1, 2003, Daiwa and Asahi's businesses were integrated, and Resona Bank was created by combining the majority of their assets. 100 Asahi Bank locations in Saitama and three locations in Tokyo were transferred to Saitama Resona Bank, a different organization.Resona Holdings' market cap as of March 2023 is $10.99 billion. Resona Holdings is now the 1356th most valuable company in the world, according to market valuation. The most recent financial reports from Resona Holdings indicate that the company's current revenue (TTM) is $5.71 billion. The company's revenue in 2021 was $6.69 billion, down from $7.00 billion in 2020.
Founded: 1918
Headquarters: Tokyo Head Office. Fukagawa Gatharia W2 Bldg., 5-65, Kiba 1-Chome, Koto-ku, Tokyo
Website: www.resona-gr.co.jp -
The Japanese financial holding company Sumitomo Mitsui Trust Holdings is based in Chiyoda, Tokyo. With an emphasis on asset management, financial brokerage, and real estate services, it offers a range of financial solutions to retail and wholesale customers.
Sumitomo Mitsui Trust Bank, Limited (Mitsui Sumitomo Shintaku Gink Kabushiki Gaisha), the largest trust corporation and fifth-largest bank in Japan based on assets, is its principal operational entity. The two banking firms share a name since they both descended from the old Sumitomo and Mitsui conglomerates, although the corporation has no financial ties to the Sumitomo Mitsui Financial Group.
Sumitomo Mitsui Trust Holdings' market valuation as of March 2023 is $12.88 billion. According to market capitalization, Sumitomo Mitsui Trust Holdings is now the 1197th most valuable corporation in the world. The most recent financial reports from Sumitomo Mitsui Trust Holdings show that the company's current revenue (TTM) is $8.67 billion. The company generated $10.66 billion in revenue in 2021, an increase from $9.67 billion in revenue in 2020.
Founded: 2002
Headquarters: Tokyo, Japan
Website: smth.jp/en -
A key member of the Nomura Group and a Japanese financial holding corporation, Nomura Holdings, Inc. It offers investing, finance, and related services to private, public, and institutional clients worldwide, with a focus on the securities industry through its broker-dealer, banking, and other financial services companies.
The Nomura Group's holding company and founding member is Nomura Holdings, Inc. Nomura Holdings, Inc., as a keiretsu, does not directly manage member firms; instead, it maintains a controlling percentage of cross-shareholdings and oversees financial support among member companies that aids in thwarting hostile takeovers.
Nomura Holdings' market valuation as of March 2023 is $11.56 billion. Nomura Holdings is now the 1292nd most valuable company in the world, according to market valuation. The most recent financial reports from Nomura Holdings indicate that the company's current revenue (TTM) is $9.32 billion. The company's revenue in 2021 was $9.30 billion, down from $12.11 billion in 2020.
Founded: 1993
Headquarters: Urbannet Otemachi Building 19F, 2-2-2 Otemachi, Chiyoda-ku, Tokyo 100-0004, Japan
Website: www.nomura.com -
The Shinkin Central Bank serves as the countrywide central bank for Shinkin banks in Japan. Shinkin Bank is run as a cooperative banking organization. Companies that support the Shinkin financial sector have been created by the Shinkin Central Bank. The bank's responsibilities include improving the bank's credit standing, making effective use of its surplus cash, and settling domestic exchange transactions.
The SCB serves as the main financial hub for the 254 shinkin banks and around 7,100 branches that make up Japan's national network of shinkin banks. With around 158 trillion yen ($1,298 billion) in deposits, Japan's shinkin banks play a crucial role in the financial sector.
The SCB offers a variety of financial goods and services and makes use of the large sums of money deposited by shinkin banks across Japan to buy marketable assets on domestic and international financial markets, as well as to lend money to operational businesses and other entities.The market capitalization of Shinkin Central Bank was $14.29 billion as of March 2023. By market capitalization, Shinkin Central Bank is now the 1106th most valuable firm in the world. The most recent financial reports from Shinkin Central Bank indicate that the company's current revenue (TTM) is $1.54 billion. The company generated $1.57 billion in revenue in 2021, a decline from $1.60 billion in revenue in 2020.
Founded: 1950
Headquarters: Shinkin Central Bank, 1-3-7, YaesuCHUO-KU 103-0028, Tokyo, Japan
Website: https://www.shinkin-central-bank.jp/e/ -
A holding company, Fukuoka Financial Group, Inc., offers banking and financial services. Operating divisions include banking and others. The banking division provides services for deposits, loans, and domestic and international currency exchange. The Others branch offers guarantees, assistance with business revitalization, management of receivables, and collection services. The company's headquarters are in Fukuoka, Japan, and it was established on April 2, 2007. The "core value" of Fukuoka Financial Group is our dedication to upholding the "brand slogan" and continuing to provide genuine value to our clients, shareholders, and the local community.
Over 300 branches are run by Fukuoka Financial Group in the Kyushu region in southwestern Japan, which includes the prefectures of Fukuoka, Kumamoto, and Nagasaki. There are also a few branches in China. The bank lends more than 3 trillion yen ($33 billion) annually to small and medium businesses and more than 1 trillion yen ($11 billion) annually to individuals.
Nonetheless, the business is not solely dependent on banking. Also, it controls 13% of the Iwataya retail chain. Japan's largest regional banking company was established when the Bank of Fukuoka acquired Kyushu-Shinwa Shinwa's Bank and Kumamoto Family Bank to become Fukuoka Financial. After purchasing Maeda Securities in 2012, it established Fukuoka Securities Co., Ltd.
Founded: 2007
Headquarters: Fukuoka, Japan
Website: https://www.fukuoka-fg.com/ -
The Bank of Yokohama, Ltd. offers a range of financial services and products to people, businesses, and organizations in Japan and abroad. The company provides debit cards, personal annuities, whole life, medical, student, and security insurance, as well as savings accounts and deposits, time deposits, reserve time deposits, and foreign currency deposits.
It also provides housing, reform, cars, education, multipurpose, free, apartment, and card loans. Additionally, it offers services for trusts, estate planning, and pensions, as well as brokerage services for financial instruments, mutual funds, individual government bonds, special retirement plans, asset management packages, automatic reception services, automatic payment services, flat-rate automatic remittance services, and online and mobile banking.
The business has a network of 202 branches, 5 sub-branch locations, 425 ATMs, 2 international branches, and 3 representative offices. The business is headquartered in Yokohama, Japan, and was established in 1920. Operationally, The Bank of Yokohama, Ltd. is a division of Concordia Financial Group, Ltd.
In order to become Concordia Financial Group, the biggest regional bank holding company in Japan, the Bank of Yokohama stated in 2015 that it would merge with the smaller Higashi-Nippon Bank. Bank of Yokohama was delisted after this transaction was finished in March 2016, and Concordia replaced it as a component of the Nikkei 225 stock market index.
Founded: December 16, 1920
Headquarters: Yokohama, Kanagawa, Japan
Website: https://www.boy.co.jp/