Income for Fiscal 2000 at Large Corporations Rises by 6.6%
The National Tax Administration Agency (NTAA)
announced the results of income tax declarations
by 3,388 large corporations (including insurance
companies) with a paid-up capital of 3 billion
yen or more who saw their account settlement
periods fall within the FY2000 income tax
declaration period. NTAA also announced the
rankings for the top 50 companies. The top
50 corporations declared 7 trillion 78.8
billion yen in income, up 6.6% from last
year. All the companies in the survey together
declared 18 trillion 984.4 billion yen in
income, an increase of 13%.
The top company, for the second straight
year, was Toyota, which recorded the company's
highest-ever operating profit and consequently
saw a 40.6% increase in income declared.
The Tokyo Electric Power Company, fourth
last year, was second this year, followed
by Nippon Life Insurance (third last year)
and NTT DoCoMo (fifth last year), which saw
its profits shoot up due to the popularity
of i-Mode handsets.
The remaining companies in the top
10 were
as follows, with last year's rankings
in
parentheses.
5 (-) NTT
6 (11) Takeda Chemical Industries
7 (10) Takefuji
8 (7) Honda
9 (12) Sumitomo Life Insurance
10 (44) Nintendo
IBM Japan, Fujitsu, and Sony also ranked
among the top companies, but the downturn
in the IT and electronics sector this year
means that rankings for 2001 can be expected
to change significantly.
(Sankei Shimbun, September)