In 2023, the revenue generated by business consulting companies in Japan amounted to approximately 6.14 trillion Japanese yen. Business consultants take on a variety of tasks for the benefit of their clients and are often tasked with improving their clients’ business strategies or optimize organizational performance.
M&A
Mergers and acquisitions (M&A) is one of the areas in which companies seek professional guidance from consultants. M&A advisory services belong to the field of strategic consulting, which is regarded to be high up in the hierarchy of consultancy activities. International M&A schemes are common, and so are international consultancy firms. Recently, foreign companies were the leading mergers and acquisitions advisors in Japan. As expected from one of the largest economies in the world, the value of net cross-border mergers and acquisitions by Japanese purchasers registered positive values in the double-digit billion-dollar range.
Market research companies
Market research companies provide (consulting) services by virtue of their aggregated data and the resulting expertise in a certain field. Market research companies are commonly employed to gather information on market trends and the status quo of consumer behaviors. Various types of services exist. Typically, data is either bought directly from market research companies in the form of pre-made reports or clients consign specific tasks or survey projects to companies specialized in a particular field. Market research in Japan is domestic-centered and sizable. In Japan, the pharmaceuticals and non-durable goods sectors recorded the highest share of market research spending.
Revenue of the business consulting industry in Japan in 2019 and 2023
(in trillion Japanese yen)
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e-Stat (Japan). (March 27, 2024). Revenue of the business consulting industry in Japan in 2019 and 2023 (in trillion Japanese yen) [Graph]. In Statista. Retrieved December 06, 2024, from https://www.statista.com/statistics/1302527/japan-business-consulting-market-size/
e-Stat (Japan). "Revenue of the business consulting industry in Japan in 2019 and 2023 (in trillion Japanese yen)." Chart. March 27, 2024. Statista. Accessed December 06, 2024. https://www.statista.com/statistics/1302527/japan-business-consulting-market-size/
e-Stat (Japan). (2024). Revenue of the business consulting industry in Japan in 2019 and 2023 (in trillion Japanese yen). Statista. Statista Inc.. Accessed: December 06, 2024. https://www.statista.com/statistics/1302527/japan-business-consulting-market-size/
e-Stat (Japan). "Revenue of The Business Consulting Industry in Japan in 2019 and 2023 (in Trillion Japanese Yen)." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1302527/japan-business-consulting-market-size/
e-Stat (Japan), Revenue of the business consulting industry in Japan in 2019 and 2023 (in trillion Japanese yen) Statista, https://www.statista.com/statistics/1302527/japan-business-consulting-market-size/ (last visited December 06, 2024)
Revenue of the business consulting industry in Japan in 2019 and 2023 (in trillion Japanese yen) [Graph], e-Stat (Japan), March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1302527/japan-business-consulting-market-size/