FPT Japan surpasses 500 million USD in revenue, targets 1 billion USD by 2027

FPT's revenue in Japan, its most significant IT service market, has officially surpassed 500 million USD, marking a milestone in the Corporation's growth journey. This achievement not only reinforces FPT's strong presence in the Japanese market but also lays a solid foundation for its ambitious goal of transforming Japan into a billion-dollar market by 2027.

FPT employees in Japan

In 2024, FPT's revenue in the Japanese market grew by 32.2% year-on-year (a 36.3% increase in Japanese Yen) despite the currency's depreciation. This impressive growth is driven by strategic projects in key areas such as Legacy Modernization, Geopolitical Risk Management (GRM), Enterprise Resource Planning (ERP), Automotive, and AI. FPT continues solidifying its position as a leading technology partner in Japan by delivering end-to-end solutions, from consulting and system deployment to operation, leveraging cutting-edge technologies like Cloud Computing, Big Data, AI, Blockchain, and VR/XR to serve its Japanese clients.

In Japan, FPT also capitalizes on its expansive network of subsidiary companies to strengthen consulting activities and enhance service deployment in AI & Cloud Computing, digital transformation, and education. A key strategy for maintaining competitiveness and driving revenue growth is maximizing synergies across its subsidiaries, reinforcing FPT’s ecosystem of solutions.

In 2024, FPT expanded its footprint in Japan through successful M&A deals and strategic partnerships with major industry players. This includes the acquisition of NAC, a Japanese technology company, and a strategic collaboration with NVIDIA, one of the world’s leading technology corporations, to establish an AI "factory." Additionally, FPT formed joint ventures with SCSK, a major Japanese enterprise specializing in comprehensive technology solutions, and Konica Minolta, a global provider of digital office solutions. These partnerships not only broaden FPT’s customer and partner network in Japan but also accelerate the adoption of advanced technology solutions across various industries. By leveraging its expertise, FPT supports Japanese businesses in optimizing production processes, enhancing operational efficiency, and strengthening global competitiveness.

Simultaneously, FPT has been expanding its physical presence in Japan, opening new offices in key financial and technology hubs to engage with top-tier clients and elite tech talent. Most recently, the Corporation inaugurated its 17th office in Japan, a 3,000m² facility in Mita – one of Tokyo’s most prestigious and high-end districts.

FPT has collaborated with other Vietnamese IT enterprises in Japan to establish the Vietnam - Japan Digital Transformation Association (VADX Japan) as part of its commitment to human resource development. This initiative aims to build a workforce of tens of thousands of high-quality engineers in Japan while also training hundreds of thousands of Vietnamese engineers proficient in Japanese. In addition, FPT has announced a 125-billion-VND investment in a specialized training program to develop over 3,000 high-quality information and communication technology (ICT) professionals for the Japanese market, addressing the ongoing talent shortage in Japan's IT sector.

"After surpassing the half-billion USD revenue milestone, FPT targets Japan as a billion-dollar revenue market by 2027, positioning itself among Japan's top 15 largest IT companies. In the coming years, we will continue to drive growth in key areas such as AI, Automotive, and Digital Transformation while fostering a corporate culture prioritizing creativity and innovation. Our goal is to create the best job opportunities for Vietnamese IT engineers in Japan," said Mr. Do Van Khac, Deputy CEO of FPT Software and General Director of FPT Japan, FPT Corporation.

Mr. Do Van Khac shared insights at the event celebrating FPT's milestone of surpassing 500 million USD in revenue in Japan.

In Japan, FPT is committed to advancing green initiatives, reducing environmental impact in its business operations, and deepening collaborations with Japanese partners on sustainable projects.

After 20 years since its establishment in Japan in 2005, FPT has grown to a workforce of over 4,000 employees from 28 nationalities, operating across 17 offices and R&D centers. The company leverages a team of 15,000 global engineers dedicated to serving the Japanese market, making it one of the largest foreign enterprises in Japan in terms of personnel size. FPT currently provides services and solutions to more than 450 clients worldwide.

Recently, FPT Japan was recognized as the Best Workplace at the D&I Award 2024, one of Japan's most prestigious honors for workplace diversity and inclusion. The company has previously received accolades such as Best Place to Work in Asia, Best Place to Work in Japan, and Best Place to Work for Women in Japan, further solidifying its reputation as a leader in workplace excellence and employee welfare.