Singaporean Success: 3 Companies that Expanded into Japan
Note: This blog post is created for informational purposes only. GLOBAL ANGLE is an independent entity and is not affiliated with the companies mentioned in this article. The information provided is based on publicly available sources and does not constitute endorsement or representation of these companies by GLOBAL ANGLE. Any views or opinions expressed in this blog post are solely those of GLOBAL ANGLE and do not necessarily reflect the views of the mentioned companies.
Introduction:
Expanding business operations into a foreign market is a challenging endeavour, especially when it comes to a unique market like Japan. However, the success stories of Singaporean companies that have expanded into Japan provide inspiring examples for non-Japanese firms considering global business expansion. In this article, we will highlight three companies from Singapore, including M-DAQ Global and JustCo, and Keppel.
M-DAQ financial technology company opened its Japan office as part of its international expansion plans. M-DAQ Global’s expertise lies in currency conversion solutions, enabling real-time pricing transparency and accurate exchange rates for cross-border transactions. By expanding into Japan, the company aims to tap into the country’s thriving fintech and forex markets, showcasing its commitment to global business expansion and generating foreign direct investment.
2. JustCo
Another Singaporean company that has expanded into Japan is JustCo. This innovative workspace solutions provider entered the Japanese market through a partnership with Daito Trust, a major Japanese real estate developer. The investment of a combined US$74 million not only bolstered JustCo’s growth but also solidified its foothold in Japan and established a new joint venture. This strategic move exemplifies the successful implementation of a global business expansion strategy, leveraging partnerships with established local players to penetrate foreign markets effectively.
Keppel Corporation is a multinational company based in Singapore that covers various industries such as investments, infrastructures, and property. Keppel Capital in particular, is the asset management arm of Keppel Corporation. The company successfully expanded into the Japan market in 2005, establishing its presence in Tokyo. They have successfully invested in and managed diverse assets with a cumulative value exceeding JPY 180 billion since the beginning.
Conclusion:
As non-Japanese companies mull over the prospect of expanding into the dynamic Japanese market, they can gain insights from Singaporean companies’ experiences. Companies like M-DAQ Global, JustCo, and Keppel have demonstrated that global business expansion into Japan is not only possible but can also yield substantial returns on investment. Look no further, kickstart your business journey in Japan with confidence under the professional guidance of Global Angle’s expansion services.
About GLOBAL ANGLE
GLOBAL ANGLE is a global market research and business consultancy start-up offering invaluable insights to help businesses thrive in an interconnected world. With its local researcher network of over 200 individuals in over 90 countries, GLOBAL ANGLE can carry out localised market research in any location in the world. With its experienced team of consultants, and thorough analysis of research insights, the firm is well positioned to elevate businesses and set them up for future success.
