In 2021, Fast Retailing Co., Ltd. was the leading fashion company in Japan with sales exceeding two trillion Japanese yen. The clothing manufacturer and retailer owns the casual wear brand Uniqlo, which is the main contributor to the group company’s sales with its worldwide business operations.
The Japanese ceramics and electronics manufacturer Kyocera ranked in second place, manufacturing and selling jewelry and accessories.
The Japanese fashion industry
The domestic apparel market showed stable retail sales in the decade before the coronavirus (COVID-19) pandemic, with womenswear being the main market segment. However, manufacturers have been exploring new market opportunities within the menswear segment through trending casual wear styles and other alternatives to formal wear. Workwear suits were expected to show continued growth in popularity, being considered a more comfortable alternative made from functional materials as compared to deep-rooted business suits.
Japanese fashion trends
Trends within the Japanese fashion market are inspired and influenced by a variety of domestic and foreign sources, ranging from global trends to influencers on social networking services (SNS), popular culture, and traditional crafts. The Tokyo Fashion Week is the largest fashion event in Japan, at which prominent and small labels showcase their newest styles and creations. Outside of the semi-annual event in the capital city, local fashion shows in other prefectures like Fukuoka and Aichi target the general public with their showcases of domestic casual wear brands.
Sales value of the leading domestic companies in the apparel industry in Japan as of 2021
(in billion Japanese yen)
As of March 2021.
*As of August 2021.
**As of December 2020.
***As of February 2021.
1 Japanese yen equals 0.0088 U.S. dollars or 0.0076 euros as of November 2021.
Values have been rounded.
The source does not provide an exact publication date. Date given here is the day of data access.
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Nikkei. (December 2, 2021). Sales value of the leading domestic companies in the apparel industry in Japan as of 2021 (in billion Japanese yen) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/655806/japan-leading-domestic-fashion-companies/
Nikkei. "Sales value of the leading domestic companies in the apparel industry in Japan as of 2021 (in billion Japanese yen)." Chart. December 2, 2021. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/655806/japan-leading-domestic-fashion-companies/
Nikkei. (2021). Sales value of the leading domestic companies in the apparel industry in Japan as of 2021 (in billion Japanese yen). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/655806/japan-leading-domestic-fashion-companies/
Nikkei. "Sales Value of The Leading Domestic Companies in The Apparel Industry in Japan as of 2021 (in Billion Japanese Yen)." Statista, Statista Inc., 2 Dec 2021, https://www.statista.com/statistics/655806/japan-leading-domestic-fashion-companies/
Nikkei, Sales value of the leading domestic companies in the apparel industry in Japan as of 2021 (in billion Japanese yen) Statista, https://www.statista.com/statistics/655806/japan-leading-domestic-fashion-companies/ (last visited June 29, 2022)