Noto Peninsula Earthquake

Over 4000 Companies Headquartered in the Noto Region; Research Firm Teikoku Databank Confirms

The Yomiuri Shimbun

12:45 JST, January 6, 2024

Teikoku Databank Ltd. has announced that there are 4,075 companies headquartered in the Noto region, which consists of 13 cities and towns in Ishikawa and Toyama prefectures, as of November 2023.

These companies, mainly in manufacturing and tourism, had total sales of ¥1.3 trillion.

The survey covered five cities and seven towns, including Wajima in Ishikawa Prefecture, and Himi in Toyama Prefecture. Among the municipalities, Nanao, Ishikawa Prefecture, had the largest number of company headquarters with 705.

The manufacturing industry accounted for one-third of total sales with ¥434.6 billion, followed by the service industry with ¥202.2 billion and the construction industry with ¥178.5 billion.

The Noto region also has textile, metalworking, machine tool, and electronics industries, among others. There are concerns about stagnation and delays in the delivery of parts to the rest of the country due to Monday’s powerful quake that hit the region, according to Teikoku Databank.

The region is rich in tourism resources such as the Wakura hot springs, and a thriving traditional crafts market, where Wajima-nuri lacquerware is sold.

“Given that past earthquakes, such as the Great East Japan Earthquake and the Kumamoto Earthquake have tended to cause a temporary and significant decline in tourism demand in the affected areas, there is a possibility of a similar impact this time as well,” a Teikoku Databank official said.