9 of 500
9. Japan Post Holdings
Japan Post Holdings
Rank: 9 (Previous rank: 6)
CEO: Jiro Saito
Employees: 233,000
Address: 1-3-2 Kasumigaseki
Tokyo  100-8798
Country: Japan
Website: www.japanpost.jp

Japan Post Holdings made the Fortune Global 500 list for the first time two years ago and, in many ways, it is representative of Japan's slow effort to pull itself out of economic decline. The postal service in Japan was privatized in 2005 and split into four companies with the goal of ultimately spinning off the four divisions by 2017. But a new government administration reversed course in 2010 and has blocked plans for the companies to file initial public offerings.

Japan Post Holdings performed fairly well in 2010, but it faces significant challenges. It raked in about $5.6 billion in net income in 2010, up slightly from $5.23 billion the year before. But the company, which includes banking, insurance, mail delivery and over-the-counter-services divisions, is seeing a national decline in mail volume, savings balances, and insurance policies, CEO Jiro Saito wrote in the company's 2010 annual report.

Saito also mentioned that Japan Post Holdings formed a board to review misconduct after discovering fraud and transparency issues at the company. Even if Japan Post can solve its management issues, it's still difficult to isolate the positive effects of its privatization when the overall Japanese economy remains sluggish. --S.D.

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  $ millions % change from 2009
Revenues 203,958.1 0.9
Profits 4,891.2 0.9
Assets 3,535,277.1 --
Stockholders' equity 115,020.1 --
Profits as % of  
Revenues 2
Assets 0.1
From the July 25, 2011 issue
Government owned 50% or more.
Figures are for fiscal year ended March 31, 2011.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestlé $32,843
Gazprom $31,895
Exxon Mobil $30,460
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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