Comeback story: Japan Inc. veterans' market cap surges 160% in decade

Japan Engine reverses fortunes with ammonia-fueled technology

20240706N Japan Engine

The development of a zero-emission, ammonia-powered engine has sent Japan Engine's share price soaring. (Photo by Ryosuke Eguchi)

Nikkei staff writers

TOKYO -- Seasoned players in corporate Japan are having a resurgence, with their market value growing much faster than the pack as they strive to transform themselves in a rapidly changing landscape.

Combined market capitalization of TOPIX 100 component companies that are at least 100 years old surged 160% over the past 10 years through the end of May, exceeding 157 trillion yen ($976.7 billion).

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