Osaka has been the gateway to overseas and the center of Japan's economy since ancient times. In recent years, it has been instrumental in adding traction to Japan's economy as a leader of the industrial revolution, and this has produced a large number of major industries and corporations.
One of the main feature of Osaka Prefecture's industry is that it is regarded as the Region for Small and Medium-Sized Enterprises (SMEs). SMEs account for approximately 65% of industrial production in Osaka, and many of these claim a large share of the world's markets with their unique home-grown technology.
Another prominent feature is the fact that it is known for its abundant spirit of rationalism and its approach to corporate affairs. A wide range of unique products, including instant noodles, and business innovations were originally conceived in Osaka.
The region encompassing Osaka is an extremely large-scale economic zone. The GDP for the area stands at $359.8 billion (calculated at a rate of ¥107.49 to the dollar on 2004) which is on an even scale with Switzerland.
A comparison of the components of Osaka's GDP shows that the service industry (service industry + governmental services, etc.,) which has experienced remarkable growth in recent years, claims the largest percentage. The manufacturing industry and commerce industry, which continue to support industry in Osaka, have also managed to maintain the same percentages that they have constantly achieved.
Osaka, which is known as the City for Small and Medium-Sized Companies, plays host to a large number of healthy small and medium-sized corporations. The number of small to medium-sized companies located in Osaka account for approximately 8% of the nationwide total, and an amazing 99.6% of all companies operating out of Osaka.
Creation Core Higashi Osaka was opened in 2003 as a facility for providing total support for the field of manufacturing in the eastern part of Osaka, where there is a concentration of small to medium-sized manufacturing companies, and this facility is not only involved in distributing information and providing comprehensive consultation functions at home and abroad, it is also actively engaged in making sure that the high-level technology developed through the results of leading-edge research by universities and owned by the small to medium-sized companies located in Osaka is broadly distributed.
Osaka is known as the City for Small and Medium-Sized Companies, but it also provides an exceptional business environment in which a large number of overseas companies originating from various nations of the world have created their base of operations. The Newsweek Global 500 issued in the Newsweek magazine of June 21, 2006 (in which companies from around the world are evaluated and ranked for their financial results and levels of Corporate Social Responsibility (CSR),) ranked a total of 19 companies with their head offices based in Osaka, including Takeda Pharmaceutical Company Limited, Osaka Gas Co., Ltd., Nitto Denko Corporation and Matsushita Electric Industrial Co., Ltd., in the top 500 companies of the world.
|50||87||5||Takeda Pharmaceutical Company Limited|
|94||256||14||Osaka Gas Co., Ltd.|
|96||-||15||Nitto Denko Corporation|
|131||94||25||Matsushita Electric Industrial Co., Ltd.|
|175||128||41||Sekisui House, Ltd.|
|187||200||45||Sumitomo Chemical Co., Ltd.|
|218||250||53||Matsushita Electric Works, Ltd.|
|284||316||70||The Kansai Electric Power Co., Inc.|
|327||348||72||Daihatsu Motor Co., Ltd.|
|315||410||77||Daiwa House Industry Co., Ltd.|
|345||352||86||Sekisui Chemical Co., Ltd.|
|356||109||90||Daikin Industries Ltd.|
|454||184||108||Sanyo Electric Co., Ltd.|
|476||-||112||Sumitomo Electric Industries Ltd.|
|481||474||114||Nippon Meat Packers Inc.|