Data Sources: Market Capitalization: Sourced from MarketCapWatch.

We selected only publicly listed Japanese companies (Market Cap>USD $10 Billion) with significant operations in the white goods sector (large household appliances such as refrigerators, washing machines, and air conditioners). Market cap data as of Aug 22, 2025 (converted to USD where appropriate).

FAQ — Understanding This Chart

Q1: Why isn’t Sony included? Sony’s core business is in consumer electronics, gaming, entertainment, and financial services. It does not operate at scale in the white goods category (large household appliances like fridges, washing machines, ovens, and air conditioners), so it falls outside the scope of this chart.

Q2: Why isn’t Toshiba included? Toshiba was delisted from the Tokyo Stock Exchange in December 2023 after a buyout and is now privately held. Because our dataset only covers publicly listed companies, Toshiba is excluded.

Q3: What exactly counts as “white goods” in this analysis? We define white goods as large household appliances for cooling, cleaning, and cooking — e.g., refrigerators, washing machines, ovens, dishwashers, and air conditioners. Companies must have significant sales in these product categories to qualify.

Q4: Why are companies mainly HVAC specialists (e.g., Daikin) included? HVAC products — particularly large air conditioning systems — fall under the “white goods” umbrella in many industry classifications. Companies with significant domestic appliance presence in HVAC are included if they are publicly listed in Japan.

Q5: Why does the market cap vary so much between companies? Some giants (like Hitachi or Mitsubishi Electric) are diversified conglomerates with revenue streams far beyond appliances.

My sheets document includes the sources, but the ranking uses 13 different sources. Sadly, not every country is included in every source so you will see blank spaces for countries that are left out in the data. I've also created a correlation index to see how different metrics matched up with each other and you can see the data I used for each ranking.

https://docs.google.com/spreadsheets/d/1YbfVevxEthNgDtK69P48Xm39bXLHi8eqfeFwxTTYEJE/edit?usp=sharing

Hope you like it, lemme know if you have any questions.

I tracked my body composition before a 7-day water fast, right after, and then after 7 days of refeeding.

• Total weight dropped from 162.1 → 150.4 lbs, then came back up to 157.2 lbs.
• Fat mass went down 21.4 → 16.8 lbs, then only partially returned (17.3 lbs).
• Lean tissue dipped during the fast but mostly came back after refeed.
• Bone mass stayed stable.

One picture shows just how extreme - and fascinating - the changes were 😊