Laos (since November 2015) Yilan City, Taiwan (since August 2018) Economy Information technology and electronics are key industries in Kyoto. The city is home to the headquarters of Nintendo, Intelligent Systems, SCREEN Holdings, Tose, Hatena, Omron, Kyocera, Shimadzu, Rohm, Horiba, Nidec Corporation, Nichicon, Nissin Electric, and GS Yuasa. Domestic and international tourism contributes significantly to Kyoto's economy. In 2014, the city government announced that a record number of tourists had visited Kyoto. As a result of a sharp decline in tourism during the COVID-19 pandemic, the mayor acknowledged in 2021 "the possibility of bankruptcy in the next decade" and announced job cuts in the administration and cuts in social assistance, including reductions in funding for home care. Traditional Japanese crafts are also a major industry of Kyoto; Kyoto's kimono weavers are particularly renowned, and the city remains the premier center of kimono manufacturing. Sake brewing is another prominent traditional industry in Kyoto, and the headquarters of major sake brewers Gekkeikan and Takara Holdings are found in Kyoto. Other notable businesses headquartered in Kyoto include Aiful, Ishida, Nissen Holdings, Gyoza no Ohsho, Sagawa Express, Volks, and Wacoal. Education Colleges and universities Home to 40 institutions of higher education, Kyoto is one of the academic centers in Japan. Kyoto University is often ranked first or second among national universities nationwide. Influential private universities such as Doshisha University and Ritsumeikan University are also located in the city, and the Kyoto Institute of Technology is considered to be among the best universities in the country for architecture and design. The Consortium of Universities in Kyoto is a Kyoto-based higher education network consisting of three national universities, three public (prefectural and municipal) universities, 45 private universities, five other organizations, and representatives from the city government. The Consortium does not offer its own degree, but allows students to take courses at other participating universities. In addition to Japanese universities and colleges, educational institutions from other countries operate programs in the city. The Kyoto Consortium for Japanese Studies (KCJS) is a group of 14 American universities that runs overseas academic programs in Japanese language and cultural studies for university students. Similarly, the Associated Kyoto Program runs a study-abroad academic program with a focus on cultural, language, and historical learning in and around the Kansai metropolitan area. Transportation Railways Kyoto is served by rail transportation systems operated by several different companies and organizations. The city's main gateway terminal,