Key Facts
• Corporate profits exceeded ¥100 trillion for the first time since 1967.
• Total corporate declared income for FY2024 reached ¥102.34 trillion, up ¥4.06 trillion YoY.
• This marks the fourth consecutive year of record-breaking profits.
• Hospitality sector saw the highest growth, up 38.5% YoY to ¥1.33 trillion.
• Construction sector grew 14.4%, while retail increased by 9.9%.
• Manufacturing and transportation sectors declined by 5.6% and 2.9%, respectively.
• Overall corporate income growth across industries was 4.1% YoY.
• National Tax Agency attributes growth to inbound tourism recovery.
Summary
For the first time since record-keeping began in 1967, corporate profits in Japan have surpassed ¥100 trillion, reaching ¥102.34 trillion in FY2024, according to the National Tax Agency. This represents a ¥4.06 trillion year-over-year increase and marks the fourth consecutive year of record-breaking profits. The hospitality sector, including restaurants and inns, led growth with a 38.5% increase, driven by a resurgence in inbound tourism. Other sectors, such as construction and retail, also saw significant gains, while manufacturing and transportation experienced declines. Overall, corporate income across industries grew by 4.1%. The data highlights the economic impact of tourism recovery and sector-specific trends.
