The fee, which equates to 400m yen, is the highest fee paid to date for a commercial featuring an international celebrity.
Beckham was feted by the Japanese during the World Cup, where his Mohican was widely copied by young Japanese and now companies are rushing to sign up the Manchester United star, who is expected to appear in a string of ads that will only be shown in the Far East.
Later this month, Japanese television viewers will see Beckham promoting Meiji Seika's Almond Choco, which is one of the countries top candy products.
The ad for TBC, which also features Beckam's wife Victoria, sees the two promote anti-ageing creams, facial cleansers and eyebrow-shaping kits. The commercials have been shot at a stately home in England and play on his Britishness.
According to a spokesman for TBC: "It's a huge deal and one the firm insisted the couple sign together. Believe it or not, David is probably a bigger star in Japan than he is in England."
Beckham's agents SFX are understood to have been swamped by offers for the star to appear in television ads. The TBC commercial was produced by Hakuhodo.
In Japan, the ad sparked a fresh round of interest in Beckham.
TBC also declined to comment, but local media have reported the company as saying it was satisfied it had got good value for money after the campaign provoked a Japanese media circus.
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