Brexitwatch for Top 30 Japanese employers in UK - October 4 2018

Brexitwatch Top 30 Japanese employers in UK October 4th 2018
	Company	UK employees 2017-8*	2015-18 developments
1	Fujitsu	9,326	The Register reports (20 Sep 2018) rumour that moving back to country based model rather than matrix to be announced Oct 1 2018. UK seems to be losing regional power (3 executives in UK with EMEIA responsibilities have left)
2	Nissan	7,956	Will cut 200 back office jobs across UK and Europe (Chronicle 20 Sep 2018). Warns of serious disruption if Hard Brexit Oct 4 2018
4	Itochu (Kwik-Fit)	6,513	Itochu sold off Quantum Group, dissolved Bramhope Group parent 2017-8
3	Honda	6,472	Warned 18 Sep 2018 that Brexit will cost it tens of millions of pounds in paperwork, but remains committed to production in Swindon
5	Hitachi	4,796	Hitachi Capital opened branch in Netherlands 2017
6	Ricoh	3,547	Telford manufacturing site has been designated “Business Development site” in 2017 restructuring plans. Was closure of its MFP Recycled Machines business but also investment in customer experience centre and product lines eg 3D printing. Ricoh Europe Finance in UK is treasury/funding for Ricoh Group – changed currency to Euro 2017. R UK acquired Ridgian 2015 and fully integrated 2017. 2018 acquired Moving Ahead and Women Ahead (social enterprise)
7	Sony	3,483	Registered Sony Europe BV overseas establishment in UK in Aug 2018. Merged Sony DADC UK with Austria Branch to form Sony DADC Europe in UK 2017.
8	Mitsubishi Corporation	3,170	MC International Europe transferred shares in Triland Metal and Princes (food and drink manufacturer) to Japan HQ.
9	Toyota	3,095	No longer producing Avensis. Will produce new Auris (changing name to Corolla) from Burnaston from end 2018. Warning Oct 2 2018 that no deal Brexit would stop production
10	Dentsu	2,851	Dentsu acquired John Brown Publishing, eCommera 2015. Liveposter 2016. The Customer Framework and Gleam Futures 2017
11	Canon	2,728
12	SoftBank	2,418	Acquisition of ARM 2016
13	Marubeni	2,300	Half of employees = Marubeni Automotive (car dealerships)
14	NTT	2,211	NTT Data Services formed 2016 to absorb Dell IT services unit. NTT and NTT Data, Dimension Data to merge globally
17	Nomura	2,194	Nomura Financial Products Europe GmbH granted securities trading license May 2018. Negotiating for Paris to be post Brexit banking/lending hub Oct 4 2018
16	Mitsubishi UFJ Financial Goup	2,194	Amsterdam to be base for post Brexit investment and securities business
15	NSG (Pilkington)	2,159	Architectural and automotive glass
18	Mitsui Sumitomo & Aioi Nissay Dowa	1,933	MS Amlin (acquired 2015/6) announced June 2017 (approved June 2018) setting up post Brexit EU base in Brussels and restructuring of UK March 2018. Aioi Nissay Dowa Insurance shut down PLC and converted to Societas Europeae. Ownership of Mitsui Sumitomo Insurance transferred from Europe to Japan 2018
19	Denso	1,897	Automotive manufacturing
20	NYK Group	1,875	Container shipping merged into Ocean Network Express 2017/8
21	Calsonic Kansei	1,778	CK Europe UK HQ also owns CK Spain and CK Russia – expanding business there
22	Sumitomo Rubber	1,762	Sumitomo Rubber acquired tyre distributor Micheldever in 2017
23	Konica Minolta	1,572
24	Mitsubishi Electric	1,511	Made submission to Migration Advisory Committee 2018
25	Outsourcing	1,506	Outsourcing acquired Ntrinsic 2015, Liberata, JBW, Orizon, Allen Lane 2016, Northgate 2018
26	Yazaki	1,462	Automotive manufacturing
27	Unipres	1,396	Investing for next generation Nissan Juke to be launched 2019
28	Brother Industries	1,384	Brother acquired Domino Printing 2015
29	Olympus	1,348	Medical equipment
30	Sumitomo Mitsui Financial Group	1,339	Established German entity to deal with Brexit risk
	TOTAL	88,176
	© Rudlin Consulting Ltd If you would like more detailed analyses, by sector or individual companies, please contact pernillerudlinrudlinconsultingcom, outlining the kind of areas you would like covered – we can incorporate a range of data and information in English and Japanese, covering the history, development and structure of Japanese companies in Europe, Middle East and Africa.

	*greater part of year occurs in 2017, eg Apr to Mar 2018 or Jan to Dec 2017. Total of all employees at subsidiaries in UK consolidated at group level in Japan