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11. Japan Post Holdings
Japan Post Holdings
Rank: 11 (Previous rank: N.A.)
CEO: Yoshifumi Nishikawa
Employees: 233,400
Address: 1-3-2 Kasumigaseki
Tokyo,   100-8798
Country: Japan
Website: www.japanpost.jp

Japan Post Holdings is making its list debut at No. 11 -- no small feat. But take a closer look and you see that the impressive start is part of the Japanese government's orchestrated effort to privatize its 136-year-old postal service.

In 2007, the government split the state-run postal service into four companies -- including a life insurer and bank (savings accounts are available at post offices) -- under the umbrella of Japan Post Holdings. Promoted by former Prime Minister Junichiro Koizumi, the goal is to modernize facilities, then spin them off by 2017. Until then, it remains 100% owned by the Japanese government.

  $ millions % change from 2007
Revenues 198,699.8 124.7
Profits 4,208.5 73.3
Assets 3,097,028.2
Stockholders' equity 88,639.2
Profits as % of  
Revenues 2.1
Assets 0.1
Rank Company Global 500
($ millions)
1 Japan Post Holdings 11 198,699.8
2 Assicurazioni Generali 47 103,103.0
3 AXA 73 80,256.8
4 MetLife 132 55,085.0
5 China Life Insurance 133 54,534.1
6 CNP Assurances 196 38,481.7
7 Aviva 221 35,505.8
8 Power Corp. of Canada 226 35,125.1
9 Manulife Financial 276 30,947.5
10 Cathay Life Insurance 291 29,852.2
11 Prudential Financial 298 29,275.0
12 T&D Holdings 349 25,281.9
13 Hanwha 362 24,782.1
14 Samsung Life Insurance 367 24,419.5
From the July 20, 2009 issue
Government owned 50% or more.
Figures are for fiscal year ended March 31, 2009.
Began operations Oct. 1, 2007, with the amalgamation of Japan Post Bank, Japan Post Network, Japan Post Service, and Japan Post Insurance.
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Rank # of Global 500 Companies
U.S. 140
Japan 68
France 40
Company 2008 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,618,393
State Grid 1,537,000
Company 2008 Profits
($ millions)
Exxon Mobil $45,220
Gazprom $29,864
Royal Dutch Shell $26,277
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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