Bank Code:0522

The Potential of
Major Markets

Chiba Prefecture, which serves as our main sales area, has a well-balanced industrial structure, with agriculture, fisheries, industry, and commerce each among the best in Japan. In addition to a net population influx and further development of transportation infrastructure, the rich natural environment, including the sea, is a tourism resource, and the area has high potential for further development and growth in the future.

Demographics of continued
net population influx

With a population of 6.27 million, Chiba Prefecture is the sixth most populous prefecture in Japan, and ranks fourth in terms of the net number of new residents moving in from other prefectures in Japan. In addition to being blessed with abundant nature despite being situated in the greater metropolitan Tokyo area, Chiba Prefecture is characterized by its easy access to transportation, which has led to an increase in the number of young people, especially those raising children, moving into the area.

Chiba Prefectural population statistics

Chiba Prefectural population statistics
Source:
Statistics Bureau, Ministry of Internal Affairs and Communications, “Population Estimates”
(reference date: October 1 of each year)

Number of excess relocations by prefecture (Japanese citizens)

1st Tokyo 58,489
2nd Kanagawa 22,088
3rd Saitama 17,850
4th Chiba 16,375
5th Osaka 13,071
Source:
Statistics Bureau, Ministry of Internal Affairs and Communications, “Annual Report on Internal Migration in Japan Derived from Basic Resident Registration 2023”

A well-balanced
industrial structure

With its mild climate and the large geographical area, it occupies within the major economic consumption zone centering on greater metropolitan Tokyo, Chiba is among the top-ranked prefectures in Japan in terms of agricultural output and marine fisheries catch. In addition to its manufacturing industry in waterfront areas, its transportation infrastructure such as expressways and rail networks are well developed, making the area increasingly attractive as a factory location, forming a well-balanced industrial structure.

  • Agricultural
    output value

    JPY367.6billion

    4th*1

  • Marine
    fisheries catch

    103,000tons

    6th*2

  • Manufactured
    goods value

    JPY11.9trillion

    8th*3

  • Annual
    merchandise
    sales

    JPY13.0trillion

    9th*4

  • Number of small
    to medium-sized
    enterprises

    182,000

    9th*5

  • Entry rate*

    5.0%

    4th*6

  • Total trade
    by port

    JPY51.3trillion

    1st*7

  • Income of
    prefectural
    residents

    JPY19.1trillion

    6th*8

Sources:

  • *1.Ministry of Agriculture, Forestry and Fisheries, “Agricultural Output and Agricultural Income Produced, 2022”
  • *2.Ministry of Agriculture, Forestry and Fisheries, “Fisheries and Aquaculture Production Statistics, 2022”
  • *3.Ministry of Internal Affairs and Communications, Ministry of Economy, Trade and Industry, “Economic Census (Manufacturing), 2021”
  • *4.Ministry of Economy, Trade and Industry, “Economic Census (Wholesale and Retail Trade), 2021”
  • *5.Ministry of Internal Affairs and Communications, Ministry of Economy, Trade and Industry, “Economic Census for Business Activity 2021 Preliminary Tabulation”
  • *6.Small and Medium Enterprise Agency, “2023 White Paper on Small Enterprises in Japan”
  • *7.Total value of exports and imports, from Trade Statistics 2022, Ministry of Finance (The figures for Chiba Prefecture comprise the total of Narita
    International Airport, Chiba Port, and Kisarazu Port.)
  • *8.Cabinet Office, Government of Japan, “Prefectural Accounts for Fiscal Year 2021
  • *Entry rate :Number of places of business that newly established employment relationships during the fiscal year/comparable number as of the end of the previous fiscal year.

Ample transportation infrastructure and geographic features

Transportation infrastructure is advancing to new levels of development with a third runway at Narita Airport scheduled to be completed in March 2029 and the ongoing construction of the Ken-O Expressway from Daiei JCT to Matsuo Yokoshiba IC for opening to traffic. Further expansion of logistics functionality is expected, with road improvements planned for the North Chiba Road and the Second Bayshore Route expressway.
Home to Makuhari Messe, one of the largest convention facilities in Asia, located between Narita Airport and Tokyo, Chiba Prefecture also has a wealth of infrastructure and facilities that support logistics and human flow, making it an important hub connecting Japan and the world.

Assessed land values continue to rise as demand increases

Given Chiba’s net population influx, industrial structure and transportation infrastructure, officially assessed land values in the prefecture continue to rise in all categories.

Chiba Prefecture’s officially assessed land values
(average rate of change from the previous year)

Chiba Prefectural population statistics
Source:
Chiba Prefecture, “Land Value Assessments” (reference date: January 1 of each year)