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With the turmoil and crises that continue in Japan, we have had many inquiries into their potential impact on U.S. equities. Based on quarterly and annual earnings reports, Birinyi Associates has compiled a list of large U.S. corporations that receive the largest portion of their annual revenue from Japan. Freeport-McMoRan (NYSE:FCX) has by far the largest exposure at 18.06% of the total, with Texas Instruments (NASDAQ:TXN), Weyerhaeuser (NYSE:WY) and Qualcomm (NASDAQ:QCOM) at just under 10%.

The market appears to believe that FCX will benefit in the long-run, as its stock has risen 6.80% since 3/14. Nike (NYSE:NKE), meanwhile, might be the biggest loser, down 11.35% over the same period.

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Japan exposure

Source: Freeport-McMoRan Leads List of Companies With Greatest Exposure to Japan