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)