Factbox-Japan’s small cohort of listed firms led by women Reuters via biedexmarkets.com

© Reuters. FILE PHOTO: A man uses a laptop on a bench at a business district in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon

By Anton Bridge

TOKYO (Reuters) – Japan Airlines’ incoming president Mitsuko Tottori joins a sparse cohort of female executives leading Japanese firms.

While the number of all-male boards of directors in Japan Inc has fallen markedly in recent years, few women have been able to work their way up internally, highlighting the obstacles facing women aspiring to management.

Out of 1,836 companies listed on the Tokyo Stock Exchange’s (TSE) “prime” market, only 15 firms, or less than 1%, were led by women, according to a Kyodo and Teikoku Databank study as of January 2023. One person has since stepped down.

The proportion is higher at 8.3% for all Japanese companies including unlisted ones, but more than half of these female leaders had inherited a family business, according to a separate Teikoku Databank study released in November last year.

Below are the 14 companies listed on the TSE’s “prime” market led by women. At some firms the top executive is the president, at others it is the chief executive. Market capitalisation data is from LSEG.

Company CEO Market Industry

cap (yen)

Yushin Precision Takayo Kotani 24.1 bn Industrial

Equipment robotics

YA-MAN Ltd Kimiyo Yamazaki 58.3 bn Beauty goods and


Stella Chemifa Aki Hashimoto 42.7 bn Chemicals

Corp processing

Takemoto Yohki Emiko Takemoto 9.7 bn Bottle


SUNNY SIDE UP Etsuko Tsugihara 8.9 bn Corporate PR


teno. Holdings Hiroko Ikeuchi 2.4 bn Childcare services

JAC Recruitment Hiromi Tazaki 112.3 bn Recruitment

Trend Micro (OTC:) Eva Chen 1.2 trn Cybersecurity

Poppins Corp Maiko Todoroki 11.6 bn Childcare services

Midac Holdings Keiko Kato 51.6 bn Industrial waste


Imuraya Group Nobuko Nakajima 31.6 bn Food products

Hyper Inc Makiko Mochizuki 2.8 bn IT services

CMIC Holdings Keiko Oishi 50 bn Pharmaceutical



SWCC Corporation Takayo Hasegawa 93.5 bn Power cables