Here's why we use Java:
1. It performs well - we're a small company, so hardware costs matter to us. Its a similar performance class as Go and C# - if you want to go faster, you likely have to use Rust, C, or C++.
2. As said, the ecosystem is huge. If you need to do something, there's probably a library or tool for it. If you have a problem with one of their libs, someone else had the problem too. Unless your business is consulting, spending your time going down paths no one else has gone down just so you can use a shiny new language is a waste of resources.
3. The language isn't full of too many concepts. This makes it easier to get people up to speed with it if they're unfamiliar. I like Rust for some personal projects, but lots of the complexity of the language is completely pointless for most of what we do at my company.
4. The JVM is great.
5. We already know it.
Even ignoring #5, our priority of languages is probably C#/Java, then Go. Java is a meh language. And I feel like the annotation soup only makes it worse: it makes Java both verbose and magical, a truly shitty combination. But the ecosystem is awesome. The performance is good. The JVM is great.
With .NET Core, it might make sense to look at C#. But the language is fairly similar to Java anyways. Switching for switching's sake seems pointless. And Microsoft only relatively recently started officially supporting Linux, so I would be wary of using it for greenfield, much less switching our existing company.
Kotlin is a decent contender here too. But it's not that widespread as a backend language, at least not yet. If I could pick any language, I would choose Clojure because it benefits somewhat from Java's ecosystem and is (IMHO) the best JVM language. Immutability is killer, and I find dynamic typing with specs a good middleground between purely dynamic and purely static languages.
But Clojure makes things pretty difficult when it comes to the hiring end of things and developer familiarity. If I worked at a greenfield company solving the same problems I do today, Java would probably still be my first choice.