Despite recent developments in treatment modalities and diagnosis, the prognosis of advanced hepatocellular carcinoma (
HCC
) remains unsatisfactory. To gain insight into treatment decisions for
HCC
patients, their characteristics and treatment flow in the early and advanced stages were examined.
HCC
patients' characteristics and treatment flow were retrospectively analyzed using the Japanese medical claims database. The 8999 patients' mean age at
HCC
diagnosis was 71.1 years, with no difference between early (Stage I/
II
) and advanced (Stage
III
/
IV
) stages. The mean observation period was 26.2 months, shorter in advanced than in early stages.
HCV
hepatitis was reported in 52.0% of
HCC
patients, with concomitant hypertension in 53.4%, type 2 diabetes in 45.8%, cirrhosis in 39.3%, and hyperlipidemia in 15.5%. The rates of
HCV
hepatitis, hypertension, and hyperlipidemia decreased with stage progression. Analysis of treatment flow showed that, at all disease stages, transcatheter arterial chemoembolization (
TACE
) was the most common first to fourth‐line treatment. Epirubicin was the most frequently (44.1%) used chemotherapeutic agent for first‐line
TACE
, followed by miriplatin (23.6%) and cisplatin (12.3%). With stage progression, cisplatin use increased. Sorafenib was used concomitantly for first‐line
TACE
in 3.2% of patients, and its use increased significantly in advanced stages. Clear differences in baseline characteristics and treatment flow between early and advanced stages were identified. Continuous analysis of the database with longer follow‐up may provide useful information about treatment selection and prediction of outcome such as survival.