Centennial Corporations
- TF
- Nov 15, 2024
- 1 min read
Updated: Dec 9, 2024
I spotted a retro building sign: "Home of Cincinnati Time Recorder" walking home from the farmer's market in NYC's Union Square.
Winds up, it's a 130-year-old company owned by Japan-based corporation Amano Global Holdings whose 152.8 billion yen consolidated sales (as of March 31, 2024) is attributed to: time information systems (25%), parking systems (51%), environmental systems (15%), and clean and robot solutions (9%).
Fujikura Ltd., another 100+ year old Japanese company, was in the news recently.
The company was touted as "Japan's hottest stock" due to its surge on the Nikkei 225, which has been accredited to the demand for fiber optics that is required for the AI global infrastructure boom.
Although the idea of a 100+ year old company sounds super old in today's gig economy, Japan is noted for having the highest number of long-lived businesses in the world.
In fact, according to Research Institute for the Centennial Management, Japan has over 52,000 companies that are at least a century old.
