The development of a zero-emission, ammonia-powered engine has sent Japan Engine’s share price soaring. (Photo by Ryosuke Eguchi)
TOKYO — Seasoned players in corporate Japan are experiencing a resurgence, with their market cap growing much faster than the pack as they strive to transform themselves in a rapidly changing landscape.
Combined market cap 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).
