Nagano and Niigata companies post solid revenue and profit growth

On November 27^th, the Nikkei Shimbun reported the results on a performance survey of companies in Niigata and Nagano for fiscal 2024 (April 2024 to March 2025), compiled by Teikoku Databank’s regional offices.

The results showed that just under 30% of firms in both prefectures posted increases in both revenue and profit.

Nagano City skyline courtesy of Photo by Aoi on Unsplash.

In Niigata, 29.4% of companies reported higher revenue and profit, surpassing the share of firms that saw both metrics decline (27.8%).

In Nagano, the proportion of firms with revenue and profit growth stood at 28.6%, slightly below the 29.2% that posted declines.

Companies in the construction and transport / communications sectors were particularly prominent among those reporting increases in both prefectures.

The survey covered roughly 440,000 companies nationwide. Of these, 8,381 firms in Niigata and 7,565 in Nagano were analyzed.

Niigata had 2,466 companies that posted increases in both revenue and profit, while Nagano had 2,167.

The share of firms whose sales and profits each rose by 10% or more was 17.9% in Niigata and 17.7% in Nagano.

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By major industry category, transport and communications had the highest share of companies with revenue and profit growth in Niigata at 35.1%, followed by real estate and construction, both exceeding 30%.

A more granular analysis showed that 40% of companies in agriculture, forestry, and fisheries posted higher revenue and profit.

A representative from Teikoku Databank’s Niigata office noted that farmers engaged in greenhouse cultivation - such as vegetables and flowers - likely contributed to the strong performance. 

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Nagano showed a similar pattern by industry category, with 38.6% of firms in transport and communications and 31.5% in construction reporting increases in both revenue and profit.

A representative from the Nagano office attributed the strength in transport to higher freight rates prompted by the so-called 2024 problem, which tightened overtime regulations for truck drivers.

In construction, large-scale development near the expressway interchange in Suzaka City and new semiconductor-related factory projects supported industry performance.

Source:

Nikkei Shimbun (Japanese only; paywalled)