TOKYO — Matsuya Department Store celebrated the centen of its Ginza outlet on Thursday, highlighting its status as one of over 45,000 Japanese companies in business for over 100 years.
The company, which traces its origins back to 1869, is an example of Japan’s unusually strong tradition of corporate longevity. Tsutomu Horiuchi, representative director of 100-Year Corporate Strategy Research Institute, which studies long-lived Japanese companies, said, “It is thought that about half of the world’s long-lived companies are Japanese.”
