From a different continent, konnichiwa from Japan! Same problem here with my newly purchased iPhone 12 Pro 256GB (Blue), initial iOS when unit was purchased was 14.3, immediately updated to 14.4 and then noticed the problem, so not sure whether the issue was already present for 14.3.
I need to press the Sleep button for about 8 seconds, then the Apple logo flashes super bright for a fraction of a second, then the screen goes black, and if I immediately press the Sleep button again, the regular Apple logo appears after about 10 seconds and the phone then boots normally. All in all, it takes about 20 seconds for the phone to become usable.
Even more worrying, often the initial long press of the Sleep button does not have any effect and I have to go at it again.