Fifty years ago, in 1974, the Japanese economy was at a turning point due to the oil shock and intense inflation. However, after the period of high economic growth that lasted for about 20 years after the war, Japanese companies had an extremely strong presence on the global stage. What was the breakthrough of Japanese companies half a century ago? We will be gradually releasing profiles of the world’s 50 largest companies in industries such as steel, automobiles, petrochemicals, and banking, which were included in the January 3, 1976 issue of Weekly Diamond. Serialization“Ranking of the world’s 50 largest companies 50 years ago”This article will introduce the top 50 food companies. While major European and American companies dominated the top ranks, three Japanese companies made it into the rankings. What rank did Snow Brand Milk Products and Kirin Brewery rank? (Diamond Editorial Department)
*Re-edited based on the article in the January 3, 1976 issue of Weekly Diamond. Information such as titles and numbers is as of the time of publication in the magazine.
The composition of the top 10 did not change much, but Japan’s Taiyo Fisheries (currently Maruha Nichiro), which was in the top 10 in the 1973 ranking, unfortunately fell to 13th place. In addition, General Foods and Coca-Cola are also notable for their poor performance.
Of the world’s 50 largest companies, 34 are American companies, down from 35 last year, and the number is on the decline in the long term. In contrast, it is noteworthy that the number of British companies increased from nine in the previous year to 10.
On the next page, we will publish a ranking of the world’s top 50 food companies from 50 years ago. What rank did Snow Brand Milk Products (now Snow Brand Megmilk) and Kirin Beer (now Kirin Beer) rank? Also, who are the Japanese players who are close to making it to the top 50?