Top Banks in Japan
An overview of leading Japanese financial institutions
An overview of leading Japanese financial institutions
There are around 200 banks in Japan. The Bank of Japan, the country’s central bank, was established in 1882 to control the domestic money supply and serve as the lender of last resort to the banks in Japan. The Japanese banking system consists of:
According to Moody’s, the outlook for the Japanese banking system is stable, as the banks’ operating environment, asset risk and liquidity are expected to outweigh the pressure on domestic profitability from the Bank of Japan’s negative interest rate policy (NIRP).
For anyone considering a career in banking in Japan, this list of the top banks in Japan is a helpful guide on where to start. To learn more, see our lists of financial institutions.
Founded in 1880, Mitsubishi Group is headquartered in Chiyoda, Tokyo. The bank employs around 140,000 staff and serves 12 million customers. It operates through its Retail Banking Business Group, Corporate Banking Business Group, Trust Assets Business Group, and Global Business Group segments. It has 1,200 locations, in approximately 50 countries.
In 2016, the group reported total assets of US$2,901 billion and total income of US$14 billion.
Japan Post Bank was created in 2006 and is based in Chiyoda, Tokyo. The bank provides various banking products and services to retail and corporate clients in Japan and other countries. It employs around 13,000 individuals and operates through 234 branches and 23,879 post offices.
As of 2016, the total assets of the bank were US$714.4 billion and total income was US$3 billion.
Established in 2003, Mizuho Financial Group provides banking and financial services in Japan, the Americas, Europe, and Asia/Oceania. The bank operates through various business segments, including the Retail and Business Banking Company, Corporate and Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company. Headquartered in Chiyoda, Tokyo, the bank’s workforce comprises around 60,000 employees.
As of 2016, the bank’s total assets amounted to US$400 billion and net profit reached US$5 billion.
Founded in 2002, Sumitomo Financial Group operates as a cooperative financial institution. Headquartered in Chiyoda, Tokyo, the bank provides banking and financial services through 72 offices in 38 countries. The banking unit is divided into Wholesale, Retail, International, Treasury, Sumitomo Mitsui Finance and Leasing, SMBC Nikko Securities, and consumer finance/ credit cards. It employs around 70,000 workers.
In 2016, the bank reported total assets of US$1,656 billion and total income of US$8,749 million.
Norinchukin Bank was created in 1923 and is headquartered in Chiyoda, Tokyo. The bank provides banking services, as well as financial support to Japan’s fisheries, forestry, and agricultural industries. It manages branches in New York, London, and Singapore, and has representative offices in Beijing and Hong Kong.
As of 2016, the bank’s total assets were US$1,000 billion and total income was US$19 million.
Headquartered in Chiyoda, Tokyo, Resona Holdings was founded in 2001. The bank employs around 70,000 individuals. Resona Holdings operates in three business segments: Individual, Corporate, and Market. The Individual segment focuses on the provision of consulting services that are related to personal loans, asset management, and asset succession. The Corporate segment offers business loans, asset management, real estate loans, corporate pension services, business succession, and support of business growth. The Market segment handles the procurement and operation of funds, foreign exchange, bonds, and derivatives through financial markets.
As of 2016, the bank’s total assets amounted to US$451 million and total income reached US$1.69 million.
Established in 2016, Concordia Financial Group is the largest of the regional banks in Japan. Headquartered in Tokyo, the bank employs around 6,000 staff. It was created through the merger of Bank of Yokohama and Higashi-Nippon Bank.
In 2016, the bank reported total assets of US$142 billion and total income of US$750 million.
Fukuoka Financial Group was created in 2007 and is headquartered in Fukuoka. The bank employs around 6,700 individuals. It operates through its Banking and Other businesses. The Banking segment provides banking services such as deposits, loans, and foreign exchange. The Others segment works in the guarantee business, revitalization support business, loan management business, and collection business.
As of 2016, total assets of the bank were US$151 billion and total income was US$2 billion.
Founded in 1943, Chiba Bank is headquartered in Chiba. The company provides banking products and services in Japan and abroad. It employs around 4,300 staff. As of March 31, 2017, it operated approximately 181 offices, including 157 branches, 21 sub-branches, and 3 virtual branches; 47,346 off-branch ATM locations; 3 money exchange counters; 3 branches in New York, Hong Kong, and London; and 3 representative offices in Shanghai, Singapore, and Bangkok.
As of 2016, the bank’s total assets amounted to US$129 billion and total income reached US$491 million.
Hokuhoku Financial Group was established in 2003 and is headquartered in Toyama. The bank employs around 5,400 staff. It operates through the following segments: Hokuriku Bank, Hokkaido Bank, and Others. Both the Hokuriku Bank and Hokkaido Bank segments offer financial services through banking operations. The Others segment handles leasing and credit card business. It also manages non-bank subsidiaries.
In 2016, the bank reported total assets of US$107 billion and posted total income of US$265 million.
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This has been CFI’s guide to the top banks in Japan. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources: