Tag: CSR

Automotive sector continues to dominate Top 30 Japanese companies in the UK and EMEA

Toshiba has finally published its 2016 CSR report – somewhat low key and apologetic –  as you might imagine given its recent troubles.  It confirms that the total number of employees globally has shrunk by over 5%, with employee numbers in Europe/Africa down 10% and 6% lower in Japan.

Toshiba is still in our Top 30 Japanese employers in Europe/EMEA (see February update below) but is out of our Top 30 Japanese employers in the UK, having lost around 180 employees in 2015/6, bringing the total across all the businesses (nuclear, retail, electronic, medical – although the latter transfer to Canon at some point soon I believe) to 815.

We have added Japanese automotive suppliers NSK and Unipres to the UK Top 30 (see below for download) and revised the automotive sector analysis accordingly (see below for report).  It is increasingly apparent that while the car “brands” such as Toyota, Honda and Nissan might be slightly shrinking their workforces in the region, their suppliers are expanding.

The 9 automotive companies’ 25,000 employees in the UK represent around 1/3 of the total for the UK Top 30, and employee numbers have grown around 2% in 2015/6 in the UK, compared to 7% for the whole region.

Toyo Keizai has published some new rankings on topics such as which of the major Japanese companies’ turnover has increased/decreased the most the past decade, from which we have pulled out our Top 30 UK/EMEA as follows.  As you can see, automotive (names in bold) dominates the big growers too.

Companies whose turnovers have increased the most in the past decade:

  • Toyota #1 (8th largest Japanese company in both the UK and EMEA region)
  • Nissan #4 (#2 in the UK, #10 in EMEA)
  • Daikin #10 (#22 in EMEA) (airconditioning)
  • Bridgestone #14 (#13 in EMEA)
  • Sumitomo Electric Industries #16 (#1 in EMEA)
  • Lixil #23 (#20 in EMEA) (Kitchen, bathroom, housing fittings – acquired Grohe 2015)
  • NTT Data #26 (#7 in EMEA)
  • JTEKT #29 (#22 in EMEA)
  • Sony #32 (#6 in the UK, #14 in EMEA)

Conversely, the electronics companies dominate the list of those companies whose turnovers have shrunk the most in the past decade:

  • Panasonic #1 (#18 in EMEA)
  • Toshiba #2 (#17 in EMEA)
  • Sharp #3 (has dropped out of our Top 30)
  • Fujifilm #18  (has dropped out of our Top 30)
  • Olympus #19 (#24 in the UK, #27 in EMEA)

Although Panasonic has been busy rebadging itself as an automotive company recently.

And a different angle from Toyo Keizai on corporate health – those companies with the best retention rates who are also in our Top 30 UK or EMEA are:

  • Denso #2 (#16 in the UK, #11 EMEA)
  • Toyota #3 (#8 in the UK and EMEA)
  • Mitsubishi Corporation #10 (#19 UK, #28 EMEA)
  • Dentsu #16 (#10 UK, #12 EMEA)
  • Canon #22 (#9 UK, #4 EMEA)
  • Hitachi #26 (#7 UK, #5 EMEA)
  • Honda #26 (#4 UK, #21 in EMEA)
  • Itochu #26 (#3 UK, #25 EMEA)
  • MUFG #39 (#13 UK)
  • SMBC #39 (#29 UK)
  • Daikin #39 (#24 EMEA)
  • Bridgestone #39 (#13 EMEA)
  • Panasonic #55 (#18 EMEA) (some automotive)
  • Fujitsu #55 (#1 UK, #3 EMEA)
  • Toshiba #55 (#17 EMEA)
  • Asahi Glass #62 (#9 EMEA) (some automotive)
  • Nissan #67 (#2 UK, #10 EMEA)
  • Olympus #79 (#24 UK, #27 EMEA)

For further customised reports and databases on Japanese companies in Europe and the UK please contact pernilledotrudlinatrudlinconsultingdotcom

 

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CSR rankings for Top 30 Japanese companies in Europe

More than half of the Top 30 largest Japanese companies in Europe are also in the Top 50 Japanese listed companies for CSR according to the Toyo Keizai. Which is reassuring, although there are some notable no-shows and laggers.

Fujifilm (#29 of our Top 30 in Europe) leads the CSR rankings and Canon, Ricoh, Denso and Bridgestone are all in the top 10.

Toyo Keizai has published the 10th edition of its annual CSR research into 1325 listed Japanese companies and previewed the top 700 of these in its online magazine, from which we have extracted the rankings for the Top 30 Japanese companies in Europe and in the UK.

Rankings are based on evaluations made in 4 categories of:

  1. Human resources – Family friendly policies, diversity (gender, age, LGBT, disability etc), health and safety, graduate retention rates – and whether there are any non-Japanese executives
  2. Environment
  3. Corporate governance  – whether there is a CSR executive, any evidence of corruption or cartels, values and vision, risk management, crisis management policies
  4. Sociality – volunteering (including overseas) , NPO/NGO alliances, ISO standards

Top 30 companies in Europe that are not in the CSR top 700 include some surprises – Nippon Sheet Glass (Pilkington), Fast Retailing and Yazaki (which is privately owned anyway).

Hitachi has fallen from #39 to 147 and Olympus has improved to reach #175 from 263 in 2015 – which seems to imply its post-scandal clean up is working (although it seems Olympus is now suing Michael Woodford and one other UK director for repayment of some pension funds, so clearly the battle is not over yet).

Toshiba has fallen to #52 from #14, unsurprisingly given its recent governance problems.  Toyo Keizai notes that other slippages such as Denso from #3 to #6 and Toyota from #8 to #16 are largely to do with delays or non disclosure in progress with gender diversity, specifically, women in management positions.  Nissan slipped from #5 to #11 due to governance issues.

Companies which scored the best on Human Resources metrics that are also in the Top 30 European companies are Sony, Nissan, Fujifilm, Japan Tobacco and Toshiba.  Best scores on environment were Nissan, Daikin, Bridgestone, Ricoh, Canon, Honda, Denso, Toyota, Toshiba, Sony, Fujifilm, Konica Minolta and Suntory.  Best scores on governance were Ricoh, Fujifilm, Panasonic, Konica Minolta, Bridgestone, Sony, Asahi Glass and Honda.

Reports on the CSR rankings of the Top 30 largest Japanese companies in Europe, Middle East and Africa are available to subscribers to our premium, paid newsletter – subscriptions are available here.

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