Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE JAPAN EDITION 2026

Japan’s
financial services industry,
in focus.

The companies, capital and talent shaping financial services in Japan. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Financial Services Industry Landscape of Japan
JP
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Financial Services illustration
MEET THE COMPANIES

Explore Japan’s financial services leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Financial Services company highlights in Japan, snapshot 31 August 2026
Company
Sumitomo Mitsui Financial Groupsmfg.co.jp$3B—73,000—
Tokio Marine Holdingstokiomarinehd.com$1.8B—642—
Gojogojo.co$435.62M—8,500—
JHFjhf.go.jp$92.48M———
Paytnerpaytner.co.jp$58.69M———
Animoca Brandsanimocabrands.co.jp$45M———
Simple Formsimpleform.co.jp$25.94M———
Accounting SaaS Japana-saas.com$14.75M———
MUFG Bankbk.mufg.jp—10 roles1,001—
SoftBank Investment Adviserssoftbank-ia.com—4 roles——
Sumitomo Mitsui Trust Banksmtb.jp—4 roles21,113Financial figure available in RadarView in Radar
JSSAyumeplanning.jp—2 roles——
Atlas Technologiesatlstech.com—1 roles——
Phillipphillip.co.jp—1 roles——
AEON Financial Serviceaeonfinancial.co.jp——21,483—
Kabu Tsuritokabu.com——198—
MUFGmufg.jp——111,100—
Matsui Securitiesmatsui.co.jp————
Mizuho Bankmizuhobank.co.jp————
Mizuho Financial Groupmizuho-fg.co.jp——56,375—
Nikko Asset Managementnikkoam.com————
Nippon Life Insurancenissay.co.jp——86,394—
Okasan Securitiesokasan.co.jp————
SBI Life Insurance Companysbilife.co.jp——20,286—
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Financial Services industry KPIs in Japan

A few useful ratios bring the size of this ecosystem into perspective.

31 August 2026
Hiring participation0.6%

6 of 953 tracked companies have open roles.

Funding participation4.3%

41 of 953 tracked companies have a recorded round.

Top 3 funding share94.8%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$4.1M

Midpoint of 43 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 94.8% of disclosed capital, while 95.7% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Japan financial services has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Japan financial services
$0$718.1M$1.44B$2.15B$2.87B2016: $020162017: $020172018: $2.52B20182019: $633.62M20192020: $47.18M20202021: $6.91M20212022: $93.47M20222023: $61.88M20232024: $265.78M20242025: $65.66M2025
View the numbers
Annual financial services funding and company formation in Japan
YearFunding (USD)FoundedRaising
2016$0280
2017$0170
2018$2.52B294
2019$633.62M375
2020$47.18M303
2021$6.91M323
2022$93.47M223
2023$61.88M153
2024$265.78M36
2025$65.66M36
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Sumitomo Mitsui Financial Group54.3%
  • Tokio Marine Holdings32.6%
  • Gojo7.9%
  • Other companies5.2%

Funding by stage

65 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel26 40.0%
Series A–B11 16.9%
Series C+ / PE10 15.4%
Grants, debt & other18 27.7%

Recent recorded rounds

Latest recorded rounds · USD
4 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series F09/2024
Gojogojo.co$122M

Participating investors were not recorded in this snapshot.

Series E11/2022
Gojogojo.co$48M

Backed by SMBC Nikko Securities and GMO Venture Partners and others.

Series C10/2019
Gojogojo.co$38.82M

Backed by Dai-Ichi Life and AIZAWA SECURITIES and others.

Series E08/2023
Gojogojo.co$30.8M

Backed by Globis Capital Partners and Sumitomo Mitsui Banking Corporation and others.

Series D12/2020
Gojogojo.co$26M

Backed by Marui Group and Dai-Ichi Life and others.

Series D09/2020
Gojogojo.co$19M

Backed by TGVest Capital and Baillie Gifford and others.

Series B02/2018
Gojogojo.co$17M

Backed by Nissay Capital and Link and motivation group and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Expand panel +

Annual accounts availability

No reviewed exact national-ID connector maps Japan company identities to the configured global filings table.; No reviewed exact national-ID connector maps Japan company identities to the configured global filings table.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Japan companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

39 of the 953 companies on this page carry a measured traffic record (4.1%); these are the largest of those, by monthly visits. The median among them is 538,829 visits.

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

122 of these companies (12.8%) publish at least one Android app — 266 apps in all, carrying 68.8M installs between them.

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q2–2026Q1).

SegmentAppsInstallsLeading appRelease trend
Banks16648.1M三菱UFJ銀行 7.1M
Insurance Carriers227.6M東京海上日動マイページ 2.7M
Services For Investment Industry92.7M投資初心者向けFXデモトレードの投資ゲーム-FXなび 2M
Consumer And Sme Loans42.3Mアコム公式アプリ myac カードローン・クレジットカード 1.2M
Brokers And Dealers172.1M株walk 435.7K
Service Providers To Banks91.9MMyセブン銀行-口座開設最短10分 1.8M
Services For Health Insurers21.5M第一生命アプリ 1.3M
Asset Management161.5MSMBC日興証券アプリ-株・信用取引 569.6K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2022Q4: 12022Q4: 02022Q42023Q2: 22023Q2: 02023Q22023Q3: 22023Q3: 02023Q32024Q1: 22024Q1: 02024Q12024Q2: 12024Q2: 12024Q22024Q3: 22024Q3: 22024Q32024Q4: 12024Q4: 12024Q42025Q2: 12025Q2: 62025Q22025Q4: 12025Q4: 472025Q42026Q1: 12026Q1: 782026Q1

Darker bars are new releases, lighter bars apps updated. 53 of 266 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Japan financial services market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Global 200052
Nbfc lenders33
Consumer digital8
Enterprise tech7

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Global 2000

The largest measured segment in this report snapshot.

52companies
0.0%have hiring activity

0 companies hiring · $1.8B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Commission on transaction542
Fee-for-service531
E-commerce - service116
Advertising70
Lending63
Subscription59
E-commerce - product50
Renting / leasing43
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Mergers & acquisitionsshizuoka-fg.co.jp ↗

CFI is pleased to announce that it acted as exclusive financial advisor to Shizuoka Financial Group on the acquisition of Tokyo Gas Lease Co., Ltd. share by Shizuoka Financial Group.

Mergers & acquisitionsam-one.co.jp ↗

Asset Management One Co. Ltd. lifted its holdings in shares of American Healthcare REIT by 16.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 291,426 shares of the company’s stock valued at $14,076,000 after buying an additional 40,231 shares during the period.

Mergers & acquisitionstokiomarinehd.com ↗

He helped orchestrate the investment in Tokio Marine Holdings (TKOMY 2.16%), one of the world's largest reinsurance businesses.

Mergers & acquisitionssmbcgroup.com ↗

Sumitomo Mitsui Financial Group (SMFG), Japan’s second largest lender, is readying plans to take over investment bank Jefferies, the Financial Times has reported.

Mergers & acquisitionsfrontech.fujitsu.com ↗

Japan Cash Machine Co Ltd, also known as JCM Global, says its board has approved the acquisition of a “medium- and small-sized recycler/dispenser manufacturing and sales business” operated by Fujitsu Frontech Ltd.

IPO activitystriders.co.jp ↗

Striders Impex IPO price band was set at ₹71 to ₹72 per share. The company raised ₹36.29 crore from the book-building which was a combination of fresh issue of 42.78 lakh equity shares worth ₹32.62 crore and offer for sale of 5.08 lakh shares aggregating to ₹3.66 crore.

Mergers & acquisitionsmizuho-ls.co.jp ↗

An affiliate of Japan’s Mizuho Financial Group has agreed to take a quarter stake in developer and fund manager Star Asia Group through a JPY 30 billion ($191.9 million) investment in new shares of the Tokyo-based firm.

Mergers & acquisitionssurugabank.co.jp ↗

Still, after the case of Suruga Bank, in which Nojima acquired a stake but later sold it, he said: "Acquisition is not the goal. If we can't strengthen our business, we let go."

Mergers & acquisitionsmeijiyasuda.co.jp ↗

DJ Talanx buys Meiji Yasuda from Polish daughters DOW JONES--Talanx has brought the intended complete takeover of two Polish daughters under the roof and subject. As the insurance group announced, he has made use of his purchase options to the shares held by Meiji Yasuda Life Insurance Co of the subsidiaries Towarzystwo Ubezpieczen i Reasekuracji Warta (Warta) (24.3%) and Towarzystwo Ubezpieczen Europa (TU Europa) (50.0 percent minus one share) and acquired the minority interests of Japanese in Polish insurers.

Funding roundseguarantee.co.jp ↗

Sydney proptech eGuarantee has raised $5.5 million, with global specialist insurance investor Correlation increasing its ownership stake from 25% to more than 60%.

Full recorded event mix

Top 10 categories among 341 recorded events in the 24-month window.

Mergers & acquisitions
132
Earnings
64
Leadership moves
32
Regulatory
29
Contracts
24
Asset acquisitions
17
Company announcements
9
Buyback
8
IPO activity
5
Fundraising
4
7 activity cards

Swipe or scroll horizontally to browse.

Leadership moves

20 tracked people moves

Daisuke Naoi

Promotion Joint General Manager

Takeshi Mikami

Appointment Deputy President and Executive Officer with the status of Representative Executive Officer

MUFG ↗
Caroline Oehm

Appointment Managing Director, Head of Insurance Coverage, Financial Institutions

Richard Robinson

Appointment Vice-Chair and Managing Director in the Industrial Group

Jon Connor

Appointment Previously Global Head of Real Assets and Services; Co-Head of Middle East Investment Banking

Michael Magliana

Appointment

Scott Hansen

Appointment Chief Revenue Officer

ORIX ↗
Terry Suzuki

Appointment Senior Managing Executive Officer of ORIX Corporation

Product launches

Products, platforms and features in the recorded window

JASDEC Processing Solution (JASDECPS)

Post‑trade processing platform

Contract wins

13 recorded customer wins

MUFG Bank ↗

Customer: esvoltaInfrastructure

Mizuho Bank ↗

Customer: kawasaki kisen kaishaMaritime

Mizuho Bank ↗

Customer: Leifras

MUFG Bank ↗

Customer: vinfastFinance / Green Financing

ORIX ↗

Customer: Santoku SenpakuMaritime

ORIX ↗

Customer: somec corporationMaritime

Regulatory events

38 recorded events

MUFG Bank ↗

approved for cross‑border investment stakeCompetition Commission of India

MUFG Bank ↗

approved for purchase of 20% stake in DMI FinanceCompetition Commission of India

MUFG Bank ↗

approved for stake acquisitionCompetition Commission of India (CCI)

approved for acquisition completion

Litigation

3 tracked suits

Company
tokio marine & nichido fire insurance v eThekwini Municipality, department of transport, Transnet SO

damages at Prospecton plant due to 2022 KZN floodsCivil · Filed

Company
Abraham Shafi, Krutal Desai, Genrikh "Henry" Khachatryan v goodwater capital, softbank investment advisers, Floodgate F

Preferred shareholder abuse and derivative claims over collapse of Get Together Inc.Regulatory · Verdict

Earnings pulse

Reported company results in the recorded window.

23companies
82period observations
10.2%median reported growth

Median across 21 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
MUFG Bank→shriram financeCompleted2026-04-22Not stated in snapshot
Shizuoka Financial Group→tokyo gasCompleted2026-04-22Not stated in snapshot
Asset Management One→american healthcare reitCompleted2026-04-21$14.1M
Nippon Life Insurance→reliance capitalRumored2026-04-06Not stated in snapshot
berkshire hathaway→Tokio Marine Holdings ↗Announced2026-03-30$1.8B
Asset Management One→td synnexAnnounced2026-03-28$1.7M

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

1 postings in the preceding 12 months. The full 2-posting snapshot covers 2 employers.

Expand panel +

Most advertised job titles

No repeated job title is supported by this snapshot.

0 internship postings

0 tracked postings mention remote work.

Skills employers mention

Top skills across 2 tracked postings in the available jobs snapshot.

Financial Services
2
Performance Tuning
1
Project Management
1
Oracle
1
Hardware Storage
1
Middleware
1
File Servers
1
Web Applications
1
Software
1
Troubleshooting
1
THE PEOPLE BUILDING THE FIELD

Founders and leaders

234 founders and chief executives across 197 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

10 profiles with education records.

Keio University
3
The University of Tokyo
2
Osaka University
1
Massachusetts Institute of Technology
1
University College London
1
Cornell University
1
Harvard University
1
Harvard Business School
1

Prior employers

0 profiles with prior-work records.

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

502,212 articles in the measured 12-month window.

Expand panel +
502,212articles in the measured year
109,436articles in 2026Q1
50.3%positive tone in the latest complete year

News volume trends

Financial Services coverage across Japan · articles per complete quarter

055,397110,794166,192221,5892021Q2: 70,8682021Q22021Q3: 92,9772021Q4: 62,9362022Q1: 77,1242022Q2: 74,5592022Q22022Q3: 78,2152022Q4: 102,7202023Q1: 102,7412023Q2: 101,5842023Q22023Q3: 116,2532023Q4: 96,8982024Q1: 114,9592024Q2: 114,5712024Q22024Q3: 126,2352024Q4: 124,6502025Q1: 152,4192025Q2: 113,1692025Q22025Q3: 192,6862025Q4: 92,7042026Q1: 109,4362026Q1
View quarterly article counts
QuarterArticles
2021Q270,868
2021Q392,977
2021Q462,936
2022Q177,124
2022Q274,559
2022Q378,215
2022Q4102,720
2023Q1102,741
2023Q2101,584
2023Q3116,253
2023Q496,898
2024Q1114,959
2024Q2114,571
2024Q3126,235
2024Q4124,650
2025Q1152,419
2025Q2113,169
2025Q3192,686
2025Q492,704
2026Q1109,436

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
136,490 positive · 35,627 neutral · 71,359 negative
2022
182,997 positive · 55,400 neutral · 93,853 negative
2023
250,545 positive · 67,396 neutral · 99,032 negative
2024
267,063 positive · 101,717 neutral · 111,030 negative
2025
276,633 positive · 159,213 neutral · 114,535 negative

Company share of voice

374 recorded company events across 40 companies; percentages use that event total.

MUFG ↗mufg.jp
15.2% 57 events
Animoca Brands ↗animocabrands.co.jp
13.6% 51 events
Mizuho Financial Group ↗mizuho-fg.co.jp
9.6% 36 events
MUFG Bank ↗bk.mufg.jp
6.7% 25 events
Sumitomo Mitsui Financial Group ↗smbcgroup.com
5.9% 22 events
Tokio Marine Holdings ↗tokiomarinehd.com
5.6% 21 events
Nikko Asset Management ↗nikkoam.com
3.7% 14 events

Leading coverage topics

Financial Services coverage across Japan · ranked by full-period article count.

International And Transnational Geographic Entities300,178 articles in the full recorded period
108,090 recent · 81,384 prior
Geopolitical Disputes And Contested Areas300,174 articles in the full recorded period
108,088 recent · 81,383 prior
Administrative And Political Subdivisions300,127 articles in the full recorded period
108,072 recent · 81,367 prior
International Sports Competitions41,724 articles in the full recorded period
7,313 recent · 9,028 prior
International Political Relations35,020 articles in the full recorded period
7,774 recent · 6,971 prior
Olympic Games Coverage31,988 articles in the full recorded period
4,069 recent · 7,573 prior
International Relations And Diplomacy24,239 articles in the full recorded period
4,905 recent · 4,860 prior
Security And Defense Policies23,531 articles in the full recorded period
5,374 recent · 4,532 prior
Trade Policies And Agreements23,176 articles in the full recorded period
9,542 recent · 7,523 prior
Trade Wars And Geopolitical Impacts21,732 articles in the full recorded period
6,885 recent · 6,249 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Financial Services coverage across Japan

KeywordRecentPriorChange
countries4,1931,858126%
trade dispute mechanisms2,6661,67859%
bilateral trade2,3611,38970%
preferential tariff1,8351,26945%
forex liquidity1,690577193%
exchange rates1,59897364%
tariff rate quota1,50697854%
mfn tariff1,37292049%
gold spot price1,334197577%
commodity futures1,162381205%
honda forums02,596-100%
olympic team selections9512,579-63%
olympic trials1,0172,398-58%
summer olympics athletics2631,360-81%
olympic venues4101,219-66%

Event and signal lenses

Financial Services coverage across Japan

All complete annual cohorts shown
Rising

Regulatory Risk

828,022 classified articles

territories, disputed islands, countries

25.3% critical · 17.3% positive
Rising

Funding Momentum

85,139 classified articles

inflation reports fx, currency intervention policies, trade deficits fx

38.7% critical · 42.2% positive
Rising

Growth

226,344 classified articles

gdp growth rate, gdp acceleration, economic slowdown

33.8% critical · 45.6% positive

Financial Services coverage across Japan. Topic labels describe recorded classifications and can include broad context.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Financial Services in Japan: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 31 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon