Forbes Asia’s 200 Best Over A Billion 2019

30-Aug-2019 Intellasia | Forbes | 6:02 AM Print This Post

Welcome to the inaugural Best Over A Billion list of the top-performing listed companies in the Asia-Pacific region with revenues of a $1 billion or more. This new list is meant to complement the long-established Best Under A Billion list of the 200 best-performing, small and midsized companies in the Asia-Pacific region with less than $1 billion in revenue.

These two lists now comprehensively cover all of Asia-Pacific’s listed companies, selecting the best 400 from the smallest to the biggest, using $1 billion in sales as a dividing line. For continuity, the criteria developed for this list were similar to those used for the other one. In fact, some notable companies on Best Over A Billion have raised revenues above $1 billion and graduated to this list, such as Alibaba, Jollibee and Tencent.

Another metric, highlighted on this list, was a connection between the companies and members of our Asia-Pacific rich lists. Many have noted the positive correlation in Asia between corporate performance and entrepreneurial involvementafter all, if your personal fortune is linked to that of a company, there’s motivation to ensure that company does well over the long-term. The result? Nearly about two-thirds of the companies on this list are controlled or connected to families or individuals who have appeared on Forbes Asia rich lists.

This Tokyo-based producer of semiconductor production and testing equipment is benefitting from a growing need to test chips to power 5G smartphones and AI applications. Advantest tripled its net profit in the year ended March 31 to 57 billion yen ($524 million) as revenue climbed 36 percent to a record 282 billion yen. Investors appear so confident in the 5G trend that they’re shrugging off company forecasts for slower orders this year amid the escalating China-US trade war: Advantest shares are trading near a 12-year high after rallying 97 percent this year. James Simms

Naver South Korea

The South Korean search and internet services company has pursued new sources of growth in recent years by expanding into new business lines. IT services including e-payments and cloud services were the fastest-growing segments, expanding by over 60 percent and contributing to the company’s nearly 20 percent increaseto 5.6 trillion won ($5 billion)in 2018 revenues. Naver is best known outside Korea for LINE, a messaging app that’s big in Japan, and SNOW, a Snapchat-like app which in 2018 received $50 million in funding from SoftBank and Sequoia China. Luke Kelly

Japan’s biggest employment search and recruiting company by market value posted its third consecutive year of increased earnings as more people used Recruit’s websites to look for everything from jobs to apartments and even haircuts. Its net profit rose nearly 15 percent in the year to March 31, to 174 billion yen ($1.6 billion) on 2.3 trillion yen in revenue. Recruit expects its current fiscal year to be even better. It has been expanding overseas with acquisitions, including last year’s $1.2 billion purchase of US-based employer-review and job-search site Glassdoor.

https://www.forbes.com/sites/jonburgos/2019/08/27/forbes-asias-200-best-over-a billion-2019/

 


Category: FinanceAsia

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