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The Best Performing Japanese Stocks (1-Year Returns)

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See this visualization first on the Voronoi app.

Graphic ranking the best performing Japanese stocks in 2024

The Best Performing Japanese Stocks (1-Year Returns)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

On Feb. 22, 2024, the Nikkei 225 (Japan’s leading stock index) closed at 39,098.68, setting a new record high for the first time since 1989. A little over a week later, the index surpassed 40,000 for the first time ever.

To add context to Japan’s recent stock rally, we’ve ranked the top 10 Japanese stocks by their 1-year percentage gains. This is shown by the black bars in the graphic, while market capitalization (in USD) is shown by the white bubbles. All figures are as of March 5, 2024.

The figures we used to create this graphic are listed in the table below.

CompanyStock Symbol1-Yr Performance (%)Market Cap
(USD)
Sakura Internet Inc37781,515$2.2B
Sumiseki Holdings15141,032$1.3B
Japan Engine Corp60161,022$275M
Micronics Japan6871507$2.1B
Namura Shipbuilding
Co
7014491$1.0B
Genetec Corp4492481$71M
Yamadai Corp7426441$33M
Mitsui E&S Co7003438$1.3B
Towa Corp6315423$1.8B
Forside Co2330381$110M
Nikkei 225 Index--44--

While all of these stocks have greatly outperformed the Nikkei 225, just three have grown by over 1,000% over the 1-year period ending March 5, 2024.

Sakura Internet Soars after AI announcement

Japan’s best stock over the past 12 months is Sakura Internet Inc., which offers a variety of internet services like cloud computing and home internet.

The stock rallied after it was announced that Sakura would be building a supercomputer designed to develop generative AI models. On top of that, the Japanese government is expected to cover half of the computer’s cost.

The Nikkei 225 Experiences a Pullback

Unfortunately, nothing moves in a straight line. Since closing at 40,109.23 on March 4, 2024, the Nikkei 225 index has fallen 3.6%, closing at 38,695.97 on March 13.

Some believe this dip will be short-lived, and that the rally will continue throughout the year. Japanese companies have reported strong earnings as of late, partly thanks to a weak yen, which benefits many of the country’s export-reliant companies.

Another reason is the creation of the Nippon Individual Savings Account (NISA), which encourages Japanese households to invest more of their savings in domestic equities.

If you’re interested in learning more about the Japanese stock market, consider this graphic which illustrates the country’s 25 largest companies by market cap.

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Maps

Mapped: The 10 U.S. States With the Lowest Real GDP Growth

In this graphic, we show where real GDP lagged the most across America in 2023 as high interest rates weighed on state economies.

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The Top 10 U.S. States, by Lowest Real GDP Growth

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.

Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and finance sectors.

This graphic shows the 10 states with the least robust real GDP growth in 2023, based on data from the Bureau of Economic Analysis.

Weakest State Economies in 2023

Below, we show the states with the slowest economic activity in inflation-adjusted terms, using chained 2017 dollars:

RankStateReal GDP Growth 2023 YoYReal GDP 2023
1Delaware-1.2%$74B
2Wisconsin+0.2%$337B
3New York+0.7%$1.8T
4Missississippi+0.7%$115B
5Georgia+0.8%$661B
6Minnesota+1.2%$384B
7New Hampshire+1.2%$91B
8Ohio+1.2%$698B
9Iowa+1.3%$200B
10Illinois+1.3%$876B
U.S.+2.5%$22.4T

Delaware witnessed the slowest growth in the country, with real GDP growth of -1.2% over the year as a sluggish finance and insurance sector dampened the state’s economy.

Like Delaware, the Midwestern state of Wisconsin also experienced declines across the finance and insurance sector, in addition to steep drops in the agriculture and manufacturing industries.

America’s third-biggest economy, New York, grew just 0.7% in 2023, falling far below the U.S. average. High interest rates took a toll on key sectors, with notable slowdowns in the construction and manufacturing sectors. In addition, falling home prices and a weaker job market contributed to slower economic growth.

Meanwhile, Georgia experienced the fifth-lowest real GDP growth rate. In March 2024, Rivian paused plans to build a $5 billion EV factory in Georgia, which was set to be one of the biggest economic development initiatives in the state in history.

These delays are likely to exacerbate setbacks for the state, however, both Kia and Hyundai have made significant investments in the EV industry, which could help boost Georgia’s manufacturing sector looking ahead.

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