Where to invest in Japan's local regions

MiyagiActive in Attracting Foreign Companies

PR video:Invest Miyagi (3 Minutes)

Statue of Lord Date Masamune in the dawn

Hirosegawa River and the city

The land of world-class R&D environment

Regional News

Contact

International Business Promotion Division, Commerce Industry and Tourism Department

3-8-1, Hon-cho, Aoba-Ward, Sendai-city, Miyagi Prefecture, 980-8570


Basic information

Population *1

2333 thousand

Labor force *1

1133 thousand

Nominal GDP*2

9,512.3 billion yen

Number of Establishments*3

102,026 establishments

JETRO office
  1. *1

    Population Census 2015, Ministry of Internal Affairs and Communications

  2. *2

    Prefectural Citizens'Economic Accounts 2018, Cabinet Office

  3. *3

    "2016 Economic Sensus", Statstics Bureau, Ministry of Internal Affairs and Communications

Basic information updated on:Jan. 2022

Business Environment

With Toyota Motor East Japan and the establishment of an automobile battery manufacturing plant by a joint business venture comprising Toyota Motor Corporation and Panasonic Corporation, Miyagi will likely evolve into one of Japan's main bases for the automotive industry. It is expected to become Japan's third-largest auto industry cluster after the Tokai and Kyushu regions.
Miyagi is also gaining attention as a base for the semiconductor industry since a leading global semiconductor manufacturer, Tokyo Electron, established its manufacturing site and research and development center in the area.
Abundant R&D resources are available, such as Tohoku University with a world-renowned reputation in life sciences and materials science and the next-generation synchrotron radiation facility that boasts one of the world's best performances.

Incentives

Preferential treatment system for the Special Zone for Private Investment Promotion

Tax reduction
Special zones

Preferential treatment system for national tax
Combination of one of the following three treatments plus a tax deduction
Special depreciation or tax credits
Special depreciation: Special depreciation of up to 50% for machinery and equipment, buildings, etc.
Tax credits: Up to 15% tax credits for machinery and equipment, buildings, etc.
Special corporate tax credits
Tax credits of up to 10% of salary and other payments to employees
Tax Incentives to promote establishment of new businesses
Corporate tax exemption for five years for newly established enterprises in new locations
Tax Deduction System for Research and Development
Special depreciation + tax credits for a portion of depreciation expenses for R&D assets

Preferential treatment system for local taxes
Possible full exemption from real estate acquisition tax, corporate enterprise tax, and fixed assets tax

Miyagi Prefecture Corporate Location Incentives

Subsidies

Subsidies for manufacturing companies that newly set up or expand facilities for manufacturing, research, and development within the prefecture. The amount is equivalent to 1.5% to 20% of the fixed asset value (not including land), depending on their location, investment size, and the number of new employees.
Similarly, there are subsidies for building or expanding distribution centers for cargo transport and warehousing businesses.

Subsidies to Promote the Establishment of ICT-related Companies

Subsidies

We offer subsidies for investment in fixed assets, and subsidies for office rent, and equipment rentals.

Industrial cluster information

Research and Development base

Miyagi Prefecture is the home of Tohoku University, ranked first among Japanese universities, and provides foundations for the world's highest research and development level in life science and materials science.
Construction of the first domestic next-generation synchrotron radiation facility is underway. It will be useful in diverse industrial fields such as new drug discovery and next-generation materials. The entire region makes a unified effort to promote the "Research Complex Initiatives" to agglomerate R&D bases centered on next-generation synchrotron radiation facilities.

Local companies

Philips Japan, Ltd.

Educational/research institutes of the industry

Tohoku University, Tohoku Gakuin University, Tohoku Institute of Technology, Ishinomaki Senshu University

Electronics

Miyagi Prefecture boasts the fourth largest output of electronics products in Japan. Tokyo Electron Ltd., the world's major semiconductor production equipment manufacturer, attracts related industries to the prefecture. Talented human resources are available, such as graduates from Tohoku University.

Local companies

Tokyo Electron Miyagi Limited

Educational/research institutes of the industry

Tohoku University, Tohoku Gakuin University, Tohoku Institute of Technology, Ishinomaki Senshu University

Automotive-related industries

Many Toyota-affiliated plants are being established mainly in the northern part of the Sendai metropolitan area, such as the main plant of Toyota Motor East Japan, Inc. (Toyota Motor Corporation's vehicle assembly subsidiary) and the hybrid vehicle battery manufacturer Primearth EV Energy Co., Ltd.
There are thus hopes that the region can evolve into the third-largest automobile production base in Japan..

Local companies

Toyota Motor East Japan, Inc. , Alps Alpine Co., Ltd., Primearth EV Energy Co., Ltd.

Educational/research institutes of the industry

Tohoku University, Tohoku Gakuin University, Tohoku Institute of Technology, Ishinomaki Senshu University

Links

Educational institutions
Research institutions

Living environment

The Miyagi Support Center for Foreign Nationals located within the Miyagi International Association provides foreign nationals living in the prefecture with consultations on day-to-day matters in 13 languages. The Miyagi International Association also provides free-of-charge dispatch of Japanese language instruction supporters to schools to assist foreign nationality students.
The Miyagi International Association also dispatches interpreting supporters based on requests from health, healthcare, government agencies, etc.

Hospitals with foreign language support

Logistics and infrastructures

Miyagi is located approximately 300 km northeast of Tokyo in the center of the Tohoku region. It includes Sendai City (one of the government-designated cities in Japan) and is the Tohoku region's center.
As the gateway to the Tohoku region, Miyagi maintains an extensive network of expressways. The Tohoku Shinkansen provides access to Tokyo in as short as 90 minutes.
Also, it has a well-developed transport infrastructure, with the Sendai International Airport and the Port of Sendai providing access to destinations around the world.

Air: 10 domestic routes to 9 cities and 5 international routes to 6 cities
Port: Tohoku's only international hub port linked to more than 100 countries
Land: 90 minutes (at the shortest) between Sendai and Tokyo on the Tohoku Shinkansen
Industrial parks: 30+ sites, over 80% of which are accessible to expressways within 30 minutes

Map of Miyagi

Support

Arranges matching with companies and universities according to the company's needs. Also provides support for arranging transportation or interpreters during the stay.
Provides information about industrial parks and real estate.
Assists with the administrative procedure in cooperation with related organizations.

Active in Attracting Foreign Companies

*Local governments that are active in attracting foreign-affiliated companies" are the local governments that are active in bringing in foreign companies in JETRO's support program. For details, please refer to the support program pages.

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