Characteristics of the firms in the study
| Characteristics | Firm A | Firm B | Firm C | Firm D | Firm E | Firm F | Firm G | Firm H | Firm I | Firm J |
|---|---|---|---|---|---|---|---|---|---|---|
| Headquarters | Kyoto, Japan | Tokyo, Japan | Osaka, Japan | Tokyo, Japan | Tokyo, Japan | Tokyo, Japan | Tokyo, Japan | Kyoto, Japan | Tokyo, Japan | Tokyo, Japan |
| Industry | Electronics | Foods | Electronics | Beverages | Cosmetics | Beverages | Beverages | Electronics | Technology | Electronics |
| Size of capital | JPY64bn | JPY25bn | JPY85bn | JPY27bn | JPY65bn | JPY78bn | JPY43bn | JPY13bn | JPY70bn | JPY500bn |
| Founded | 1930s | 1940s | 1930s | 1940s | 1920s | 1940s | 1940s | 1950s | 1890s | 2000s |
| Number of employees (inside and outside of Japan) | 29,000 | 15,000 | 96,000 | 5800 | 35,000 | 30,000 | 17,000 | 8200 | 51,000 | 70,000 |
| Ratio of foreign shareholders in 2022 | 36% | 19% | 36% | 18% | 45% | 35% | 36% | 40% | 20% | 29% |
| Characteristics | Firm A | Firm B | Firm C | Firm D | Firm E | Firm F | Firm G | Firm H | Firm I | Firm J |
|---|---|---|---|---|---|---|---|---|---|---|
| Kyoto, Japan | Tokyo, Japan | Osaka, Japan | Tokyo, Japan | Tokyo, Japan | Tokyo, Japan | Tokyo, Japan | Kyoto, Japan | Tokyo, Japan | Tokyo, Japan | |
| Electronics | Foods | Electronics | Beverages | Cosmetics | Beverages | Beverages | Electronics | Technology | Electronics | |
| Size of capital | JPY64bn | JPY25bn | JPY85bn | JPY27bn | JPY65bn | JPY78bn | JPY43bn | JPY13bn | JPY70bn | JPY500bn |
| Founded | 1930s | 1940s | 1930s | 1940s | 1920s | 1940s | 1940s | 1950s | 1890s | 2000s |
| Number of employees (inside and outside of Japan) | 29,000 | 15,000 | 96,000 | 5800 | 35,000 | 30,000 | 17,000 | 8200 | 51,000 | 70,000 |
| Ratio of foreign shareholders in 2022 | 36% | 19% | 36% | 18% | 45% | 35% | 36% | 40% | 20% | 29% |