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Teikoku Databank Survey: Average Age of CEO of Companies in Japan 60.3 Years

  • Share Correspondent Report, Richard Susilo from Japan

TRIBUNNEWS.COM, TOKYO – The results of a survey by Teikoku Databank–a major credit bureau–revealed the national average age of company presidents (CEOs) in December 2021 in Japan was 60.3 years.

Age 54.0 when the survey began in 1995, but the aging trend has continued since then.

The survey extracts and analyzes data on company presidents excluding individuals, non-profit organizations, public interest companies, and others from data on 1.47 million companies across Japan.

When viewed from the percentage of presidents by age group, the largest proportion are those in their 50s with 27.6%, 26.9% in their 60s, 20.2% in their 70s, and those in their 40s. an amount of 17.1%.
While those aged 80 years or more as much as 4.7%.

The combined total of people in their 70s and 80s and above accounted for nearly 25%, a significant increase from the 19.2% total five years ago (2016).

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The median age of company presidents whose presidency is replaced during 2021 increased from 68.6 years before the change to 52.1 years after the change, the average rejuvenation was 16.5 years.

Judging from the age of the active presidency, about half of them are in their 60s, about 40% are in their 70s, and about 30% are in their 80s and above, it turns out that there is often no successor.

The presidential change rate for the companies surveyed in 2009 was 3.92%.

Graph of the average age of CEOs in Japan getting older. Data from Teikoku Databank. ( Correspondent/Richard Susilo)

Compared to the 2000s, which was slightly above 4%, the trend is still at a slightly lower level.

By major industry, the real estate industry has the highest average age of 62.4 years and under.

The orders are manufacturing (61.3 years), wholesale (61.1 years), retail (60.3 years), and transportation/communication (60.0 years).

Meanwhile scholarships (to Japan), free study at Japanese language schools in Japan, as well as efforts to learn Japanese more effectively through the Zoom application continue to be carried out for Indonesian citizens actively with the target of studying at school in Japan.

For complete information, please email: [email protected] with the subject: Learn Japanese.

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