PurposeThe aim of this study was to compare safety‐related labeling changes for newly approved drugs in Japan with those in the United States (US) and the European Union (EU), where guidance on the details of pharmacovigilance (PV) process has been published, to examine the extent to which the Japanese PV process is working.MethodsSafety‐related labeling changes for new drugs approved within 1 year in Japan, the US, and the EU were reviewed for the number, timing, and concordance of contents of the labeling change between countries/region.ResultsThe number of labeling changes and median time from approval to the change (min, max) were 57 cases and 814 (90, 2454) days in Japan, 63 cases and 852 (161, 3051) days in the US, and 50 cases and 851 (157, 2699) days in the EU. Distribution of the revision date of the concordant labeling change in the three countries/region and distribution of differences in revision date between the two countries/region showed no trend of delayed labeling change in a specific country/region. Concordance rate of the labeling change was 36.1% (30/83) in US‐EU, 21.2% (21/99) in Japan‐US, and 23.0% (20/87) in Japan‐EU (Fisher's exact test, p = 0.0313 [Japan‐US vs. US‐EU], p = 0.066 [Japan‐EU vs. US‐EU]).ConclusionsThere was no trend of fewer or later labeling changes in Japan compared to those in the US/EU. While the concordance rate in US‐EU was low, that in Japan‐US and Japan‐EU were even lower. Further investigation is needed to understand the reasons for these differences.