Japan’s Digital Transformation Champions

The Ministry of Economy, Trade and Industry (METI), together with the Tokyo Stock Exchange, this week announced the “Digital Transformation (DX) Champions” among listed companies (First Section, Second Section, JASDAQ and MOTHERS). In total, 3,700 companies were eligible, with 535 of them considered after the first selection round.

A total of 35 companies were awarded the honors, with Resona carrying the day for banking, Daiwa Securities for brokerage, and Sompo Holdings for insurance. A further 21 companies were listed as “noteworthy mentions” in that there digital transformation efforts were recognized. Being able to point to role models in digital transformation is an important objective for METI, and very much aligned with the Japanese “cohort” culture.

The award recognizes “ companies that are striving to establish a competitive advantage by transforming its organization, processes, and corporate culture, and are expected to make the most of digital technology even in the Corona Era.” This is deemed to go beyond “utilizing data and digital technology to transform products, services and business models based on on the needs of customers and society”.

The award has been given out since 2015 as a recognition of progressive IT management, and was re-branded to “Digital Transformation” with this year’s edition.

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