diff --git a/compiler/ir/backend.common/src/org/jetbrains/kotlin/backend/common/lower/optimizations/PropertyAccessorInlineLowering.kt b/compiler/ir/backend.common/src/org/jetbrains/kotlin/backend/common/lower/optimizations/PropertyAccessorInlineLowering.kt
index 4ec62127f29..73e7e452e2b 100644
--- a/compiler/ir/backend.common/src/org/jetbrains/kotlin/backend/common/lower/optimizations/PropertyAccessorInlineLowering.kt
+++ b/compiler/ir/backend.common/src/org/jetbrains/kotlin/backend/common/lower/optimizations/PropertyAccessorInlineLowering.kt
@@ -43,7 +43,7 @@ open class PropertyAccessorInlineLowering(
         private fun canBeInlined(callee: IrSimpleFunction): Boolean {
             val property = callee.correspondingPropertySymbol?.owner ?: return false
 
-            // Some devirtualization required here
+            // Some de-virtualization required here
             if (!property.isSafeToInline(container)) return false
 
             val parent = property.parent
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt
index 84ecf0f5ea0..6aaf3daee83 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt
@@ -1000,12 +1000,27 @@ private val es6PrimaryConstructorUsageOptimizationLowering = makeBodyLoweringPha
     prerequisite = setOf(es6BoxParameterOptimization, es6PrimaryConstructorOptimizationLowering)
 )
 
+private val purifyObjectInstanceGetters = makeDeclarationTransformerPhase(
+    ::PurifyObjectInstanceGettersLowering,
+    name = "PurifyObjectInstanceGettersLowering",
+    description = "[Optimization] Make object instance getter functions pure whenever it's possible",
+)
+
+private val inlineObjectsWithPureInitialization = makeBodyLoweringPhase(
+    ::InlineObjectsWithPureInitializationLowering,
+    name = "InlineObjectsWithPureInitializationLowering",
+    description = "[Optimization] Inline object instance fields getters whenever it's possible",
+    prerequisite = setOf(purifyObjectInstanceGetters)
+)
+
 val optimizationLoweringList = listOf<Lowering>(
     es6CollectConstructorsWhichNeedBoxParameterLowering,
     es6CollectPrimaryConstructorsWhichCouldBeOptimizedLowering,
     es6BoxParameterOptimization,
     es6PrimaryConstructorOptimizationLowering,
     es6PrimaryConstructorUsageOptimizationLowering,
+    purifyObjectInstanceGetters,
+    inlineObjectsWithPureInitialization
 )
 
 val jsOptimizationPhases = SameTypeNamedCompilerPhase(
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsMapping.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsMapping.kt
index 3df6460a828..f5d3acf9cc9 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsMapping.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsMapping.kt
@@ -35,6 +35,8 @@ class JsMapping : DefaultMapping() {
 
     val suspendArityStore = DefaultDelegateFactory.newDeclarationToDeclarationCollectionMapping<IrClass, Collection<IrSimpleFunction>>()
 
+    val objectsWithPureInitialization = DefaultDelegateFactory.newDeclarationToValueMapping<IrClass, Boolean>()
+
     val inlineFunctionsBeforeInlining = DefaultDelegateFactory.newDeclarationToDeclarationMapping<IrFunction, IrFunction>()
 
     // Wasm mappings
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/JsUsefulDeclarationProcessor.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/JsUsefulDeclarationProcessor.kt
index 864fcdf5bea..279b92f5d9c 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/JsUsefulDeclarationProcessor.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/JsUsefulDeclarationProcessor.kt
@@ -199,7 +199,7 @@ internal class JsUsefulDeclarationProcessor(
         !isExternal && !isExpect && !isBuiltInClass(this)
 
     override fun processConstructedClassDeclaration(declaration: IrDeclaration) {
-        if (declaration in result) return
+        if (declaration.isReachable()) return
 
         super.processConstructedClassDeclaration(declaration)
 
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/UsefulDeclarationProcessor.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/UsefulDeclarationProcessor.kt
index f3f0c237e7f..ae040ebdc7f 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/UsefulDeclarationProcessor.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/dce/UsefulDeclarationProcessor.kt
@@ -108,7 +108,7 @@ abstract class UsefulDeclarationProcessor(
             contagiousReachableDeclarations.add(this as IrOverridableDeclaration<*>)
         }
 
-        if (this !in result) {
+        if (!isReachable()) {
             result.add(this)
             queue.addLast(this)
 
@@ -181,7 +181,7 @@ abstract class UsefulDeclarationProcessor(
     }
 
     protected open fun processConstructedClassDeclaration(declaration: IrDeclaration) {
-        if (declaration in result) return
+        if (declaration.isReachable()) return
 
         fun IrOverridableDeclaration<*>.findOverriddenContagiousDeclaration(): IrOverridableDeclaration<*>? {
             for (overriddenSymbol in this.overriddenSymbols) {
@@ -287,6 +287,8 @@ abstract class UsefulDeclarationProcessor(
 
         return result
     }
+
+    protected fun IrDeclaration.isReachable(): Boolean = this in result
 }
 
 private data class ReachabilityInfo(
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/ir/IrBuilder.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/ir/IrBuilder.kt
index d2e3dcee684..3b3fcee7cde 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/ir/IrBuilder.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/ir/IrBuilder.kt
@@ -143,14 +143,22 @@ object JsIrBuilder {
     fun buildSetVariable(symbol: IrVariableSymbol, value: IrExpression, type: IrType) =
         IrSetValueImpl(UNDEFINED_OFFSET, UNDEFINED_OFFSET, type, symbol, value, JsStatementOrigins.SYNTHESIZED_STATEMENT)
 
-    fun buildGetField(symbol: IrFieldSymbol, receiver: IrExpression?, superQualifierSymbol: IrClassSymbol? = null, type: IrType? = null) =
+    fun buildGetField(
+        symbol: IrFieldSymbol,
+        receiver: IrExpression? = null,
+        superQualifierSymbol: IrClassSymbol? = null,
+        type: IrType? = null,
+        startOffset: Int = UNDEFINED_OFFSET,
+        endOffset: Int = UNDEFINED_OFFSET,
+        origin: IrStatementOrigin? = JsStatementOrigins.SYNTHESIZED_STATEMENT
+    ) =
         IrGetFieldImpl(
-            UNDEFINED_OFFSET,
-            UNDEFINED_OFFSET,
+            startOffset,
+            endOffset,
             symbol,
             type ?: symbol.owner.type,
             receiver,
-            JsStatementOrigins.SYNTHESIZED_STATEMENT,
+            origin,
             superQualifierSymbol
         )
 
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/AutoboxingTransformer.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/AutoboxingTransformer.kt
index fffbb81b88f..873e686e261 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/AutoboxingTransformer.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/AutoboxingTransformer.kt
@@ -245,6 +245,9 @@ private tailrec fun IrExpression.isGetUnit(irBuiltIns: IrBuiltIns): Boolean =
                 else -> false
             }
 
+        is IrConstructorCall ->
+            this.type == irBuiltIns.unitType
+
         is IrGetObjectValue ->
             this.symbol == irBuiltIns.unitClass
 
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/InlineObjectsWithPureInitializationLowering.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/InlineObjectsWithPureInitializationLowering.kt
new file mode 100644
index 00000000000..7a58fed887a
--- /dev/null
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/InlineObjectsWithPureInitializationLowering.kt
@@ -0,0 +1,41 @@
+/*
+ * Copyright 2010-2023 JetBrains s.r.o. and Kotlin Programming Language contributors.
+ * Use of this source code is governed by the Apache 2.0 license that can be found in the license/LICENSE.txt file.
+ */
+
+package org.jetbrains.kotlin.ir.backend.js.lower
+
+import org.jetbrains.kotlin.backend.common.BodyLoweringPass
+import org.jetbrains.kotlin.ir.backend.js.JsCommonBackendContext
+import org.jetbrains.kotlin.ir.backend.js.ir.JsIrBuilder
+import org.jetbrains.kotlin.ir.backend.js.utils.isObjectInstanceGetter
+import org.jetbrains.kotlin.ir.declarations.IrClass
+import org.jetbrains.kotlin.ir.declarations.IrDeclaration
+import org.jetbrains.kotlin.ir.expressions.IrBody
+import org.jetbrains.kotlin.ir.expressions.IrCall
+import org.jetbrains.kotlin.ir.expressions.IrExpression
+import org.jetbrains.kotlin.ir.types.classOrNull
+import org.jetbrains.kotlin.ir.visitors.IrElementTransformerVoid
+import org.jetbrains.kotlin.ir.visitors.transformChildrenVoid
+
+class InlineObjectsWithPureInitializationLowering(val context: JsCommonBackendContext) : BodyLoweringPass {
+    private val IrClass.instanceField by context.mapping.objectToInstanceField
+    private val IrClass.hasPureInitialization by context.mapping.objectsWithPureInitialization
+
+    override fun lower(irBody: IrBody, container: IrDeclaration) {
+        irBody.transformChildrenVoid(object : IrElementTransformerVoid() {
+            override fun visitCall(expression: IrCall): IrExpression {
+                if (!expression.symbol.owner.isObjectInstanceGetter()) return super.visitCall(expression)
+                val objectToCreate = expression.symbol.owner.returnType.classOrNull?.owner ?: error("Expect return type of an object getter is an object type")
+                if (objectToCreate.hasPureInitialization != true) return super.visitCall(expression)
+                val instanceFieldForObject = objectToCreate.instanceField ?: error("An instance field for an object should exist")
+                return JsIrBuilder.buildGetField(
+                    instanceFieldForObject.symbol,
+                    startOffset = expression.startOffset,
+                    endOffset = expression.endOffset,
+                    origin = expression.origin
+                )
+            }
+        })
+    }
+}
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/InvokeStaticInitializersLowering.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/InvokeStaticInitializersLowering.kt
index bc84952f440..385abdf94a1 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/InvokeStaticInitializersLowering.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/InvokeStaticInitializersLowering.kt
@@ -7,6 +7,7 @@ package org.jetbrains.kotlin.ir.backend.js.lower
 
 import org.jetbrains.kotlin.backend.common.BodyLoweringPass
 import org.jetbrains.kotlin.ir.backend.js.JsIrBackendContext
+import org.jetbrains.kotlin.ir.backend.js.JsStatementOrigins
 import org.jetbrains.kotlin.ir.declarations.IrConstructor
 import org.jetbrains.kotlin.ir.declarations.IrDeclaration
 import org.jetbrains.kotlin.ir.expressions.IrBody
@@ -28,7 +29,15 @@ class InvokeStaticInitializersLowering(val context: JsIrBackendContext) : BodyLo
 
         val instance = context.mapping.objectToGetInstanceFunction[companionObject] ?: return
 
-        val getInstanceCall = IrCallImpl(irClass.startOffset, irClass.endOffset, context.irBuiltIns.unitType, instance.symbol, 0, 0)
+        val getInstanceCall = IrCallImpl(
+            irClass.startOffset,
+            irClass.endOffset,
+            context.irBuiltIns.unitType,
+            instance.symbol,
+            0,
+            0,
+            JsStatementOrigins.SYNTHESIZED_STATEMENT
+        )
 
         (irBody as IrStatementContainer).statements.add(0, getInstanceCall)
     }
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/PurifyObjectInstanceGettersLowering.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/PurifyObjectInstanceGettersLowering.kt
new file mode 100644
index 00000000000..15f1bbb4937
--- /dev/null
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/lower/PurifyObjectInstanceGettersLowering.kt
@@ -0,0 +1,106 @@
+/*
+ * Copyright 2010-2023 JetBrains s.r.o. and Kotlin Programming Language contributors.
+ * Use of this source code is governed by the Apache 2.0 license that can be found in the license/LICENSE.txt file.
+ */
+
+package org.jetbrains.kotlin.ir.backend.js.lower
+
+import org.jetbrains.kotlin.backend.common.DeclarationTransformer
+import org.jetbrains.kotlin.backend.common.getOrPut
+import org.jetbrains.kotlin.backend.common.ir.isPure
+import org.jetbrains.kotlin.ir.IrStatement
+import org.jetbrains.kotlin.ir.backend.js.JsCommonBackendContext
+import org.jetbrains.kotlin.ir.backend.js.JsLoweredDeclarationOrigin
+import org.jetbrains.kotlin.ir.backend.js.ir.JsIrBuilder
+import org.jetbrains.kotlin.ir.backend.js.utils.isObjectInstanceField
+import org.jetbrains.kotlin.ir.backend.js.utils.isObjectInstanceGetter
+import org.jetbrains.kotlin.ir.declarations.*
+import org.jetbrains.kotlin.ir.expressions.*
+import org.jetbrains.kotlin.ir.expressions.impl.IrExpressionBodyImpl
+import org.jetbrains.kotlin.ir.types.classOrNull
+import org.jetbrains.kotlin.ir.util.*
+
+class PurifyObjectInstanceGettersLowering(val context: JsCommonBackendContext) : DeclarationTransformer {
+    private var IrClass.instanceField by context.mapping.objectToInstanceField
+
+    override fun transformFlat(declaration: IrDeclaration): List<IrDeclaration>? {
+        if (
+            !declaration.isObjectInstanceGetter() &&
+            !declaration.isObjectInstanceField() &&
+            !declaration.isObjectConstructor()
+        ) return null
+
+        return when (declaration) {
+            is IrSimpleFunction -> declaration.purifyObjectGetterIfPossible()
+            is IrField -> declaration.purifyObjectInstanceFieldIfPossible()
+            is IrConstructor -> declaration.removeInstanceFieldInitializationIfPossible()
+            else -> error("Unexpected IR type ${declaration::class.qualifiedName}")
+        }
+    }
+
+    private fun IrConstructor.removeInstanceFieldInitializationIfPossible(): List<IrDeclaration>? {
+        if (parentAsClass.isPureObject()) {
+            (body as? IrBlockBody)?.statements?.removeIf {
+                it is IrSetField && it.symbol.owner.isObjectInstanceField()
+            }
+        }
+
+        return null
+    }
+
+    private fun IrSimpleFunction.purifyObjectGetterIfPossible(): List<IrDeclaration>? {
+        val objectToCreate = returnType.classOrNull?.owner ?: return null
+
+        if (objectToCreate.isPureObject()) {
+            val body = (body as? IrBlockBody) ?: return null
+            val instanceField = objectToCreate.instanceField ?: error("Expect the object instance field to be created")
+
+            body.statements.clear()
+            body.statements += JsIrBuilder.buildReturn(
+                symbol,
+                JsIrBuilder.buildGetField(instanceField.symbol),
+                objectToCreate.defaultType
+            )
+        }
+
+        return null
+    }
+
+    private fun IrField.purifyObjectInstanceFieldIfPossible(): List<IrDeclaration>? {
+        val objectToCreate = type.classOrNull?.owner ?: return null
+
+        if (objectToCreate.isPureObject()) {
+            val objectConstructor = objectToCreate.primaryConstructor ?: error("Object should contain a primary constructor")
+            initializer = IrExpressionBodyImpl(JsIrBuilder.buildConstructorCall(objectConstructor.symbol))
+        }
+
+        return null
+    }
+
+    private fun IrDeclaration.isObjectConstructor(): Boolean {
+        return this is IrConstructor && parentAsClass.isObject
+    }
+
+    private fun IrClass.isPureObject(): Boolean {
+        return context.mapping.objectsWithPureInitialization.getOrPut(this) {
+            superClass == null && primaryConstructor?.body?.statements?.all { it.isPureStatementForObjectInitialization(this@isPureObject) } != false
+        }
+    }
+
+    private fun IrStatement.isPureStatementForObjectInitialization(owner: IrClass): Boolean {
+        return (
+                // Only objects which don't have a class parent
+                (this is IrDelegatingConstructorCall && symbol.owner.parent == context.irBuiltIns.anyClass.owner) ||
+                        (this is IrExpression && isPure(anyVariable = true, checkFields = false, context = context)) ||
+                        (this is IrContainerExpression && statements.all { it.isPureStatementForObjectInitialization(owner) }) ||
+                        (this is IrVariable && initializer?.isPureStatementForObjectInitialization(owner) != false) ||
+                        // Only fields of the objects are safe to not save an intermediate state of another class/object/global
+                        (this is IrGetField && receiver?.isPureStatementForObjectInitialization(owner) == true) ||
+                        (this is IrSetField && receiver?.isPureStatementForObjectInitialization(owner) == true && value.isPureStatementForObjectInitialization(owner)) ||
+                        // Only current object could be initialized inside the object constructor, so we need to ignore it as an effect
+                        (this is IrSetField && symbol.owner.isObjectInstanceField()) ||
+                        (this is IrSetValue && symbol.owner.isLocal && value.isPureStatementForObjectInitialization(owner))
+                )
+
+    }
+}
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/optimizations.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/optimizations.kt
index f8b94970ea4..f07c4510927 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/optimizations.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/optimizations.kt
@@ -10,8 +10,10 @@ import org.jetbrains.kotlin.backend.common.phaser.invokeToplevel
 import org.jetbrains.kotlin.ir.backend.js.dce.eliminateDeadDeclarations
 import org.jetbrains.kotlin.ir.backend.js.transformers.irToJs.JsIrProgramFragment
 import org.jetbrains.kotlin.ir.declarations.IrModuleFragment
+import org.jetbrains.kotlin.js.backend.ast.JsClass
 import org.jetbrains.kotlin.js.backend.ast.JsFunction
 import org.jetbrains.kotlin.js.backend.ast.RecursiveJsVisitor
+import org.jetbrains.kotlin.js.inline.clean.ClassPostProcessor
 import org.jetbrains.kotlin.js.inline.clean.FunctionPostProcessor
 
 fun optimizeProgramByIr(
@@ -24,11 +26,20 @@ fun optimizeProgramByIr(
 }
 
 fun optimizeFragmentByJsAst(fragment: JsIrProgramFragment) {
-    fragment.declarations.statements.forEach {
-        it.accept(object : RecursiveJsVisitor() {
-            override fun visitFunction(x: JsFunction) {
-                FunctionPostProcessor(x).apply()
-            }
-        })
+    val optimizer = object : RecursiveJsVisitor() {
+        override fun visitFunction(x: JsFunction) {
+            FunctionPostProcessor(x).apply()
+        }
+
+        override fun visitClass(x: JsClass) {
+            super.visitClass(x)
+            ClassPostProcessor(x).apply()
+        }
+    }
+
+    fragment.declarations.statements.forEach { it.accept(optimizer) }
+    fragment.classes.values.forEach { klass ->
+        klass.postDeclarationBlock.statements.forEach { it.accept(optimizer)}
+        klass.preDeclarationBlock.statements.forEach { it.accept(optimizer)}
     }
 }
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/transformers/irToJs/IrElementToJsExpressionTransformer.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/transformers/irToJs/IrElementToJsExpressionTransformer.kt
index c0f2ef18855..725116d790e 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/transformers/irToJs/IrElementToJsExpressionTransformer.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/transformers/irToJs/IrElementToJsExpressionTransformer.kt
@@ -11,7 +11,6 @@ import org.jetbrains.kotlin.ir.backend.js.JsStatementOrigins
 import org.jetbrains.kotlin.ir.backend.js.utils.JsGenerationContext
 import org.jetbrains.kotlin.ir.backend.js.utils.Namer
 import org.jetbrains.kotlin.ir.backend.js.utils.getJsNameOrKotlinName
-import org.jetbrains.kotlin.ir.backend.js.utils.isUnitInstanceFunction
 import org.jetbrains.kotlin.ir.declarations.*
 import org.jetbrains.kotlin.ir.expressions.*
 import org.jetbrains.kotlin.ir.types.isString
@@ -130,6 +129,12 @@ class IrElementToJsExpressionTransformer : BaseIrElementToJsNodeTransformer<JsEx
         }
         val fieldName = context.getNameForField(field)
         return jsElementAccess(fieldName, expression.receiver?.accept(this, context)).withSource(expression, context)
+            .apply {
+                if (field.origin == IrDeclarationOrigin.FIELD_FOR_OBJECT_INSTANCE && expression.origin == JsStatementOrigins.SYNTHESIZED_STATEMENT) {
+                    synthetic = true
+                    sideEffects = SideEffectKind.PURE
+                }
+            }
     }
 
     override fun visitGetValue(expression: IrGetValue, context: JsGenerationContext): JsExpression {
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/IrJsUtils.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/IrJsUtils.kt
index 42b0b92a3c3..c170e048daa 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/IrJsUtils.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/IrJsUtils.kt
@@ -112,3 +112,18 @@ fun irEmpty(context: JsIrBackendContext): IrExpression {
     return JsIrBuilder.buildComposite(context.dynamicType, emptyList())
 }
 
+fun IrDeclaration.isObjectInstanceGetter(): Boolean {
+    return this is IrSimpleFunction && isObjectInstanceGetter()
+}
+
+fun IrSimpleFunction.isObjectInstanceGetter(): Boolean {
+    return origin == JsLoweredDeclarationOrigin.OBJECT_GET_INSTANCE_FUNCTION
+}
+
+fun IrDeclaration.isObjectInstanceField(): Boolean {
+    return this is IrField && isObjectInstanceField()
+}
+
+fun IrField.isObjectInstanceField(): Boolean {
+    return origin == IrDeclarationOrigin.FIELD_FOR_OBJECT_INSTANCE
+}
diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/misc.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/misc.kt
index 002cf1fd2a1..65d87c62ac0 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/misc.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/utils/misc.kt
@@ -107,6 +107,9 @@ fun IrBody.prependFunctionCall(
 fun JsCommonBackendContext.findUnitGetInstanceFunction(): IrSimpleFunction =
     mapping.objectToGetInstanceFunction[irBuiltIns.unitClass.owner]!!
 
+fun JsCommonBackendContext.findUnitInstanceField(): IrField =
+    mapping.objectToInstanceField[irBuiltIns.unitClass.owner]!!
+
 fun IrDeclaration.isImportedFromModuleOnly(): Boolean {
     return isTopLevel && isEffectivelyExternal() && (getJsModule() != null && !isJsNonModule() || (parent as? IrAnnotationContainer)?.getJsModule() != null)
 }
diff --git a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/WasmLoweringPhases.kt b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/WasmLoweringPhases.kt
index 92c12a2d53f..340e63ccc2f 100644
--- a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/WasmLoweringPhases.kt
+++ b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/WasmLoweringPhases.kt
@@ -610,6 +610,20 @@ private val unitToVoidLowering = makeWasmModulePhase(
     description = "Replace some Unit's with Void's"
 )
 
+private val purifyObjectInstanceGettersLoweringPhase = makeWasmModulePhase(
+    ::PurifyObjectInstanceGettersLowering,
+    name = "PurifyObjectInstanceGettersLowering",
+    description = "[Optimization] Make object instance getter functions pure whenever it's possible",
+    prerequisite = setOf(objectDeclarationLoweringPhase, objectUsageLoweringPhase)
+)
+
+private val inlineObjectsWithPureInitializationLoweringPhase = makeWasmModulePhase(
+    ::InlineObjectsWithPureInitializationLowering,
+    name = "InlineObjectsWithPureInitializationLowering",
+    description = "[Optimization] Inline object instance fields getters whenever it's possible",
+    prerequisite = setOf(purifyObjectInstanceGettersLoweringPhase)
+)
+
 val wasmPhases = SameTypeNamedCompilerPhase(
     name = "IrModuleLowering",
     description = "IR module lowering",
@@ -707,7 +721,6 @@ val wasmPhases = SameTypeNamedCompilerPhase(
             associatedObjectsLowering then
 
             objectDeclarationLoweringPhase then
-            fieldInitializersLoweringPhase then
             genericReturnTypeLowering then
             unitToVoidLowering then
 
@@ -715,8 +728,12 @@ val wasmPhases = SameTypeNamedCompilerPhase(
             builtInsLoweringPhase0 then
 
             autoboxingTransformerPhase then
-            explicitlyCastExternalTypesPhase then
+
             objectUsageLoweringPhase then
+            purifyObjectInstanceGettersLoweringPhase then
+            fieldInitializersLoweringPhase then
+
+            explicitlyCastExternalTypesPhase then
             typeOperatorLoweringPhase then
 
             // Clean up built-ins after type operator lowering
@@ -724,5 +741,6 @@ val wasmPhases = SameTypeNamedCompilerPhase(
 
             virtualDispatchReceiverExtractionPhase then
             staticMembersLoweringPhase then
+            inlineObjectsWithPureInitializationLoweringPhase then
             validateIrAfterLowering
 )
diff --git a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/Dce.kt b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/Dce.kt
index 0c044d54bcd..37bdab6b957 100644
--- a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/Dce.kt
+++ b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/Dce.kt
@@ -10,6 +10,7 @@ import org.jetbrains.kotlin.ir.IrElement
 import org.jetbrains.kotlin.ir.backend.js.utils.*
 import org.jetbrains.kotlin.ir.declarations.*
 import org.jetbrains.kotlin.ir.expressions.IrBody
+import org.jetbrains.kotlin.ir.util.primaryConstructor
 import org.jetbrains.kotlin.ir.visitors.IrElementVisitorVoid
 import org.jetbrains.kotlin.ir.visitors.acceptChildrenVoid
 import org.jetbrains.kotlin.ir.visitors.acceptVoid
@@ -30,7 +31,7 @@ fun eliminateDeadDeclarations(modules: List<IrModuleFragment>, context: WasmBack
         dumpReachabilityInfoToFile
     ).collectDeclarations(rootDeclarations = buildRoots(modules, context))
 
-    val remover = WasmUselessDeclarationsRemover(usefulDeclarations)
+    val remover = WasmUselessDeclarationsRemover(context, usefulDeclarations)
     modules.onAllFiles {
         acceptVoid(remover)
     }
@@ -58,8 +59,8 @@ private fun buildRoots(modules: List<IrModuleFragment>, context: WasmBackendCont
     add(context.irBuiltIns.throwableClass.owner)
     add(context.mainCallsWrapperFunction)
     add(context.fieldInitFunction)
-    // TODO move Unit related optimization on IR level and make unit usages explicit 
-    add(context.findUnitGetInstanceFunction())
+    add(context.findUnitInstanceField())
+    add(context.irBuiltIns.unitClass.owner.primaryConstructor!!)
 
     // Remove all functions used to call a kotlin closure from JS side, reachable ones will be added back later.
     removeAll(context.closureCallExports.values)
diff --git a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUsefulDeclarationProcessor.kt b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUsefulDeclarationProcessor.kt
index fecc0981076..8aebe4690cf 100644
--- a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUsefulDeclarationProcessor.kt
+++ b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUsefulDeclarationProcessor.kt
@@ -22,8 +22,6 @@ internal class WasmUsefulDeclarationProcessor(
     dumpReachabilityInfoToFile: String?
 ) : UsefulDeclarationProcessor(printReachabilityInfo, removeUnusedAssociatedObjects = false, dumpReachabilityInfoToFile) {
 
-    private val unitGetInstance: IrSimpleFunction = context.findUnitGetInstanceFunction()
-
     // The mapping from function for wrapping a kotlin closure/lambda with JS closure to function used to call a kotlin closure from JS side.
     private val kotlinClosureToJsClosureConvertFunToKotlinClosureCallFun =
         context.kotlinClosureToJsConverters.entries.associate { (k, v) -> v to context.closureCallExports[k] }
@@ -49,6 +47,22 @@ internal class WasmUsefulDeclarationProcessor(
             super.visitVararg(expression, data)
         }
 
+        override fun visitSetField(expression: IrSetField, data: IrDeclaration) {
+            if (!expression.symbol.owner.isObjectInstanceField()) {
+                super.visitSetField(expression, data)
+            }
+        }
+
+        override fun visitGetField(expression: IrGetField, data: IrDeclaration) {
+            val field = expression.symbol.owner
+
+            if (field.isObjectInstanceField()) {
+                field.type.classOrFail.owner.primaryConstructor?.enqueue(field, "object lazy initialization")
+            }
+
+            super.visitGetField(expression, data)
+        }
+
         private fun tryToProcessIntrinsicCall(from: IrDeclaration, call: IrCall): Boolean = when (call.symbol) {
             context.wasmSymbols.unboxIntrinsic -> {
                 val fromType = call.getTypeArgument(0)
@@ -77,9 +91,6 @@ internal class WasmUsefulDeclarationProcessor(
             super.visitCall(expression, data)
 
             val function: IrFunction = expression.symbol.owner.realOverrideTarget
-            if (function.returnType == context.irBuiltIns.unitType) {
-                unitGetInstance.enqueue(data, "function Unit return type")
-            }
 
             if (tryToProcessIntrinsicCall(data, expression)) return
             if (function.hasWasmNoOpCastAnnotation()) return
diff --git a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUselessDeclarationsRemover.kt b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUselessDeclarationsRemover.kt
index 3724aa91b95..955f9865711 100644
--- a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUselessDeclarationsRemover.kt
+++ b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/dce/WasmUselessDeclarationsRemover.kt
@@ -5,17 +5,21 @@
 
 package org.jetbrains.kotlin.backend.wasm.dce
 
+import org.jetbrains.kotlin.backend.wasm.WasmBackendContext
 import org.jetbrains.kotlin.ir.IrElement
-import org.jetbrains.kotlin.ir.declarations.IrClass
-import org.jetbrains.kotlin.ir.declarations.IrDeclaration
-import org.jetbrains.kotlin.ir.declarations.IrDeclarationContainer
-import org.jetbrains.kotlin.ir.declarations.IrFile
+import org.jetbrains.kotlin.ir.backend.js.utils.isObjectInstanceField
+import org.jetbrains.kotlin.ir.declarations.*
+import org.jetbrains.kotlin.ir.expressions.IrBlockBody
+import org.jetbrains.kotlin.ir.expressions.IrSetField
+import org.jetbrains.kotlin.ir.types.classOrFail
+import org.jetbrains.kotlin.ir.util.primaryConstructor
 import org.jetbrains.kotlin.ir.util.transformFlat
 import org.jetbrains.kotlin.ir.visitors.IrElementVisitorVoid
 import org.jetbrains.kotlin.ir.visitors.acceptChildrenVoid
 import org.jetbrains.kotlin.ir.visitors.acceptVoid
 
 class WasmUselessDeclarationsRemover(
+    private val context: WasmBackendContext,
     private val usefulDeclarations: Set<IrDeclaration>
 ) : IrElementVisitorVoid {
     override fun visitElement(element: IrElement) {
@@ -30,6 +34,14 @@ class WasmUselessDeclarationsRemover(
         process(declaration)
     }
 
+    override fun visitSimpleFunction(declaration: IrSimpleFunction) {
+        if (declaration == context.fieldInitFunction) {
+            declaration.removeUnusedObjectsInitializers()
+        }
+
+        super.visitSimpleFunction(declaration)
+    }
+
     // TODO bring back the primary constructor fix
     private fun process(container: IrDeclarationContainer) {
         container.declarations.transformFlat { member ->
@@ -41,4 +53,10 @@ class WasmUselessDeclarationsRemover(
             }
         }
     }
+
+    private fun IrSimpleFunction.removeUnusedObjectsInitializers() {
+        (body as? IrBlockBody)?.statements?.removeIf {
+            it is IrSetField && it.symbol.owner.isObjectInstanceField() && it.symbol.owner !in usefulDeclarations
+        }
+    }
 }
\ No newline at end of file
diff --git a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/BodyGenerator.kt b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/BodyGenerator.kt
index ecde31b17ef..d8781e7c238 100644
--- a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/BodyGenerator.kt
+++ b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/BodyGenerator.kt
@@ -14,10 +14,7 @@ import org.jetbrains.kotlin.ir.IrBuiltIns
 import org.jetbrains.kotlin.ir.IrElement
 import org.jetbrains.kotlin.ir.IrStatement
 import org.jetbrains.kotlin.ir.backend.js.lower.PrimaryConstructorLowering
-import org.jetbrains.kotlin.ir.backend.js.utils.erasedUpperBound
-import org.jetbrains.kotlin.ir.backend.js.utils.findUnitGetInstanceFunction
-import org.jetbrains.kotlin.ir.backend.js.utils.isDispatchReceiver
-import org.jetbrains.kotlin.ir.backend.js.utils.realOverrideTarget
+import org.jetbrains.kotlin.ir.backend.js.utils.*
 import org.jetbrains.kotlin.ir.declarations.*
 import org.jetbrains.kotlin.ir.expressions.*
 import org.jetbrains.kotlin.ir.symbols.IrClassSymbol
@@ -34,7 +31,6 @@ class BodyGenerator(
     val context: WasmModuleCodegenContext,
     val functionContext: WasmFunctionCodegenContext,
     private val hierarchyDisjointUnions: DisjointUnions<IrClassSymbol>,
-    private val isGetUnitFunction: Boolean,
 ) : IrElementVisitorVoid {
     val body: WasmExpressionBuilder = functionContext.bodyGen
 
@@ -44,16 +40,13 @@ class BodyGenerator(
     private val irBuiltIns: IrBuiltIns = backendContext.irBuiltIns
 
     private val unitGetInstance by lazy { backendContext.findUnitGetInstanceFunction() }
-    fun WasmExpressionBuilder.buildGetUnit() {
-        buildInstr(
-            WasmOp.GET_UNIT,
-            SourceLocation.NoLocation("GET_UNIT"),
-            WasmImmediate.FuncIdx(context.referenceFunction(unitGetInstance.symbol))
-        )
-    }
+    private val unitInstanceField by lazy { backendContext.findUnitInstanceField() }
 
-    private val anyConstructor by lazy {
-        wasmSymbols.any.constructors.first { it.owner.valueParameters.isEmpty() }
+    fun WasmExpressionBuilder.buildGetUnit() {
+        buildGetGlobal(
+            context.referenceGlobalField(unitInstanceField.symbol),
+            SourceLocation.NoLocation("GET_UNIT")
+        )
     }
 
     // Generates code for the given IR element. Leaves something on the stack unless expression was of the type Void.
@@ -184,6 +177,7 @@ class BodyGenerator(
         val field: IrField = expression.symbol.owner
         val receiver: IrExpression? = expression.receiver
         val location = expression.getSourceLocation()
+
         if (receiver != null) {
             generateExpression(receiver)
             if (backendContext.inlineClassesUtils.isClassInlineLike(field.parentAsClass)) {
@@ -378,12 +372,6 @@ class BodyGenerator(
             return
         }
 
-        // Get unit is a special case because it is the only function which returns the real unit instance.
-        if (call.symbol == unitGetInstance.symbol) {
-            body.buildGetUnit()
-            return
-        }
-
         // Some intrinsics are a special case because we want to remove them completely, including their arguments.
         if (!backendContext.configuration.getNotNull(JSConfigurationKeys.WASM_ENABLE_ARRAY_RANGE_CHECKS)) {
             if (call.symbol == wasmSymbols.rangeCheck) {
@@ -473,8 +461,9 @@ class BodyGenerator(
         }
 
         // Unit types don't cross function boundaries
-        if (function.returnType.isUnit())
+        if (function.returnType.isUnit() && function !is IrConstructor) {
             body.buildGetUnit()
+        }
     }
 
     private fun generateRefNullCast(fromType: IrType, toType: IrType, location: SourceLocation) {
@@ -701,14 +690,12 @@ class BodyGenerator(
 
     private fun visitFunctionReturn(expression: IrReturn) {
         val returnType = expression.returnTargetSymbol.owner.returnType(backendContext)
-        if (returnType == irBuiltIns.unitType && expression.returnTargetSymbol.owner != unitGetInstance) {
-            generateAsStatement(expression.value)
-        } else {
-            if (isGetUnitFunction) {
-                generateExpression(expression.value)
-            } else {
-                generateWithExpectedType(expression.value, returnType)
-            }
+        val isGetUnitFunction = expression.returnTargetSymbol.owner == unitGetInstance
+
+        when {
+            isGetUnitFunction -> generateExpression(expression.value)
+            returnType == irBuiltIns.unitType -> generateAsStatement(expression.value)
+            else -> generateWithExpectedType(expression.value, returnType)
         }
 
         if (functionContext.irFunction is IrConstructor) {
@@ -839,11 +826,7 @@ class BodyGenerator(
         if (!seenElse && resultType != null) {
             assert(expression.type != irBuiltIns.nothingType)
             if (expression.type.isUnit()) {
-                if (isGetUnitFunction) {
-                    generateDefaultInitializerForType(resultType, body)
-                } else {
-                    body.buildGetUnit()
-                }
+                body.buildGetUnit()
             } else {
                 error("'When' without else branch and non Unit type: ${expression.type.dumpKotlinLike()}")
             }
diff --git a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/DeclarationGenerator.kt b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/DeclarationGenerator.kt
index ca28d412190..cb90ea12fbc 100644
--- a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/DeclarationGenerator.kt
+++ b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/ir2wasm/DeclarationGenerator.kt
@@ -38,6 +38,7 @@ class DeclarationGenerator(
     private val irBuiltIns: IrBuiltIns = backendContext.irBuiltIns
 
     private val unitGetInstanceFunction: IrSimpleFunction by lazy { backendContext.findUnitGetInstanceFunction() }
+    private val unitPrimaryConstructor: IrConstructor? by lazy { backendContext.irBuiltIns.unitClass.owner.primaryConstructor }
 
     override fun visitElement(element: IrElement) {
         error("Unexpected element of type ${element::class}")
@@ -98,12 +99,11 @@ class DeclarationGenerator(
         // Generate function type
         val watName = declaration.fqNameWhenAvailable.toString()
         val irParameters = declaration.getEffectiveValueParameters()
-        val resultType =
-            when {
-                // Unit_getInstance returns true Unit reference instead of "void"
-                declaration == unitGetInstanceFunction -> context.transformType(declaration.returnType)
-                else -> context.transformResultType(declaration.returnType)
-            }
+        val resultType = when (declaration) {
+            // Unit_getInstance returns true Unit reference instead of "void"
+            unitGetInstanceFunction, unitPrimaryConstructor -> context.transformType(declaration.returnType)
+            else -> context.transformResultType(declaration.returnType)
+        }
 
         val wasmFunctionType =
             WasmFunctionType(
@@ -149,7 +149,6 @@ class DeclarationGenerator(
             context = context,
             functionContext = functionCodegenContext,
             hierarchyDisjointUnions = hierarchyDisjointUnions,
-            isGetUnitFunction = declaration == unitGetInstanceFunction
         )
 
         if (declaration is IrConstructor) {
diff --git a/compiler/ir/ir.tree/src/org/jetbrains/kotlin/ir/types/irTypes.kt b/compiler/ir/ir.tree/src/org/jetbrains/kotlin/ir/types/irTypes.kt
index 14d02004862..16e07873514 100644
--- a/compiler/ir/ir.tree/src/org/jetbrains/kotlin/ir/types/irTypes.kt
+++ b/compiler/ir/ir.tree/src/org/jetbrains/kotlin/ir/types/irTypes.kt
@@ -103,6 +103,9 @@ val IrType.classOrNull: IrClassSymbol?
             else -> null
         }
 
+val IrType.classOrFail: IrClassSymbol
+    get() = classOrNull ?: error("Expect type to be a class type")
+
 val IrType.classFqName: FqName?
     get() = classOrNull?.owner?.fqNameWhenAvailable
 
diff --git a/compiler/testData/codegen/box/size/add.kt b/compiler/testData/codegen/box/size/add.kt
index 1b433b02883..3ffc31ed489 100644
--- a/compiler/testData/codegen/box/size/add.kt
+++ b/compiler/testData/codegen/box/size/add.kt
@@ -1,6 +1,6 @@
 // TARGET_BACKEND: WASM
 
-// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 12_463 
+// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 12_338
 // WASM_DCE_EXPECTED_OUTPUT_SIZE:  mjs  5_579 
 
 // FILE: test.kt
diff --git a/compiler/testData/codegen/box/size/helloWorld.kt b/compiler/testData/codegen/box/size/helloWorld.kt
index 6ab6b2d02b7..02aae10f792 100644
--- a/compiler/testData/codegen/box/size/helloWorld.kt
+++ b/compiler/testData/codegen/box/size/helloWorld.kt
@@ -1,6 +1,6 @@
 // TARGET_BACKEND: WASM
 
-// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 48_188 
+// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 47_948
 // WASM_DCE_EXPECTED_OUTPUT_SIZE:  mjs  5_605 
 
 fun box(): String {
diff --git a/compiler/testData/codegen/box/size/helloWorldDOM.kt b/compiler/testData/codegen/box/size/helloWorldDOM.kt
index 1bc092a0c97..249bb2f9b60 100644
--- a/compiler/testData/codegen/box/size/helloWorldDOM.kt
+++ b/compiler/testData/codegen/box/size/helloWorldDOM.kt
@@ -1,6 +1,6 @@
 // TARGET_BACKEND: WASM
 
-// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 13_828 
+// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 13_699
 // WASM_DCE_EXPECTED_OUTPUT_SIZE:  mjs  6_134
 
 // FILE: test.kt
diff --git a/compiler/testData/codegen/box/size/objectsOptimization.kt b/compiler/testData/codegen/box/size/objectsOptimization.kt
new file mode 100644
index 00000000000..aafe4ab8cc8
--- /dev/null
+++ b/compiler/testData/codegen/box/size/objectsOptimization.kt
@@ -0,0 +1,67 @@
+// TARGET_BACKEND: WASM
+
+// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 18_008
+// WASM_DCE_EXPECTED_OUTPUT_SIZE:  mjs 5_451
+
+object Simple
+
+object SimpleWithConstVal {
+   const val MAX = 4
+}
+
+object SimpleWithPureProperty {
+    val text = "Hello"
+}
+
+object SimpleWithPropertyInitializedDurintInit {
+    val text: String
+    init {
+        text = "Hello"
+    }
+}
+
+object SimpleWithFunctionsOnly {
+    fun foo() = "Foo"
+    fun bar() = "Bar"
+}
+
+object SimpleWithDifferentMembers {
+    val foo = "Foo"
+    fun bar() = "Bar"
+}
+
+interface Callable {
+    fun call(): String
+}
+
+object SimpleWithInterface : Callable {
+    override fun call() = "OK"
+}
+
+object UsedGetFieldInside {
+    val anotherText = SimpleWithPureProperty.text
+}
+
+class ClassWithCompanion {
+   companion object
+}
+
+class ClassWithCompanionWithConst {
+    companion object {
+        const val MAX = 5
+    }
+}
+
+fun box(): String {
+    if (Simple !is Any) return "Fail simple object"
+    if (SimpleWithConstVal.MAX != 4) return "Fail simple case with const val"
+    if (SimpleWithPureProperty.text != "Hello") return "Fail simple case with pure property"
+    if (SimpleWithPropertyInitializedDurintInit.text != "Hello") return "Fail simple case with pure property initialized inside init block"
+    if (SimpleWithFunctionsOnly.foo() != "Foo" || SimpleWithFunctionsOnly.bar() != "Bar") return "Fail simple case with functions only"
+    if (SimpleWithInterface.call() != "OK") return "Fail simple case with interface implementing"
+    if (UsedGetFieldInside.anotherText != "Hello") return "Fail object which used another object inside its initialization block"
+    if (ClassWithCompanion.Companion !is Any) return "Fail simple companion object"
+    if (ClassWithCompanionWithConst.MAX != 5) return "Fail simple companion object with const val"
+    SimpleWithDifferentMembers
+    return "OK"
+}
\ No newline at end of file
diff --git a/compiler/testData/codegen/box/size/ok.kt b/compiler/testData/codegen/box/size/ok.kt
index ea17b788f36..37e9901d7c1 100644
--- a/compiler/testData/codegen/box/size/ok.kt
+++ b/compiler/testData/codegen/box/size/ok.kt
@@ -1,6 +1,6 @@
 // TARGET_BACKEND: WASM
 
-// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 12_505 
+// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 12_380
 // WASM_DCE_EXPECTED_OUTPUT_SIZE:  mjs  5_451 
 
 fun box() = "OK"
\ No newline at end of file
diff --git a/compiler/testData/codegen/box/size/removeUnusedOverride.kt b/compiler/testData/codegen/box/size/removeUnusedOverride.kt
index 54e9513cc34..49e1089a182 100644
--- a/compiler/testData/codegen/box/size/removeUnusedOverride.kt
+++ b/compiler/testData/codegen/box/size/removeUnusedOverride.kt
@@ -1,7 +1,7 @@
 // TARGET_BACKEND: JS_IR
 // TARGET_BACKEND: WASM
 
-// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 13_005
+// WASM_DCE_EXPECTED_OUTPUT_SIZE: wasm 12_883
 
 interface I {
     fun foo() = "OK"
diff --git a/js/js.inliner/src/org/jetbrains/kotlin/js/inline/clean/ClassPostProcessor.kt b/js/js.inliner/src/org/jetbrains/kotlin/js/inline/clean/ClassPostProcessor.kt
new file mode 100644
index 00000000000..1aedc5c3051
--- /dev/null
+++ b/js/js.inliner/src/org/jetbrains/kotlin/js/inline/clean/ClassPostProcessor.kt
@@ -0,0 +1,34 @@
+/*
+ * Copyright 2010-2016 JetBrains s.r.o.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+package org.jetbrains.kotlin.js.inline.clean
+
+import org.jetbrains.kotlin.js.backend.ast.JsClass
+
+class ClassPostProcessor(val root: JsClass) {
+    val optimizations = listOf(
+        { EmptyConstructorRemoval(root).apply() }
+    )
+
+    fun apply() {
+        do {
+            var hasChanges = false
+            for (opt in optimizations) {
+                hasChanges = hasChanges or opt()
+            }
+        } while (hasChanges)
+    }
+}
\ No newline at end of file
diff --git a/js/js.inliner/src/org/jetbrains/kotlin/js/inline/clean/EmptyConstructorRemoval.kt b/js/js.inliner/src/org/jetbrains/kotlin/js/inline/clean/EmptyConstructorRemoval.kt
new file mode 100644
index 00000000000..820d1d6b10c
--- /dev/null
+++ b/js/js.inliner/src/org/jetbrains/kotlin/js/inline/clean/EmptyConstructorRemoval.kt
@@ -0,0 +1,16 @@
+/*
+ * Copyright 2010-2023 JetBrains s.r.o. and Kotlin Programming Language contributors.
+ * Use of this source code is governed by the Apache 2.0 license that can be found in the license/LICENSE.txt file.
+ */
+
+package org.jetbrains.kotlin.js.inline.clean
+
+import org.jetbrains.kotlin.js.backend.ast.JsClass
+
+class EmptyConstructorRemoval(private val klass: JsClass) {
+    fun apply(): Boolean {
+        if (klass.constructor?.body?.statements?.isEmpty() != true) return false
+        klass.constructor = null
+        return true
+    }
+}
\ No newline at end of file
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/BoxJsTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/BoxJsTestGenerated.java
index 13fddb80e79..695eac2d328 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/BoxJsTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/BoxJsTestGenerated.java
@@ -328,6 +328,12 @@ public class BoxJsTestGenerated extends AbstractBoxJsTest {
             runTest("js/js.translator/testData/box/classObject/objectInCompanionObject.kt");
         }
 
+        @Test
+        @TestMetadata("objectLazyInitialized.kt")
+        public void testObjectLazyInitialized() throws Exception {
+            runTest("js/js.translator/testData/box/classObject/objectLazyInitialized.kt");
+        }
+
         @Test
         @TestMetadata("setVar.kt")
         public void testSetVar() throws Exception {
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/fir/FirJsBoxTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/fir/FirJsBoxTestGenerated.java
index 6803f25160b..7ccdaacc6c4 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/fir/FirJsBoxTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/fir/FirJsBoxTestGenerated.java
@@ -328,6 +328,12 @@ public class FirJsBoxTestGenerated extends AbstractFirJsBoxTest {
             runTest("js/js.translator/testData/box/classObject/objectInCompanionObject.kt");
         }
 
+        @Test
+        @TestMetadata("objectLazyInitialized.kt")
+        public void testObjectLazyInitialized() throws Exception {
+            runTest("js/js.translator/testData/box/classObject/objectLazyInitialized.kt");
+        }
+
         @Test
         @TestMetadata("setVar.kt")
         public void testSetVar() throws Exception {
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsES6TestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsES6TestGenerated.java
index 3612572ac6c..9e0ddbccd87 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsES6TestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsES6TestGenerated.java
@@ -328,6 +328,12 @@ public class IrBoxJsES6TestGenerated extends AbstractIrBoxJsES6Test {
             runTest("js/js.translator/testData/box/classObject/objectInCompanionObject.kt");
         }
 
+        @Test
+        @TestMetadata("objectLazyInitialized.kt")
+        public void testObjectLazyInitialized() throws Exception {
+            runTest("js/js.translator/testData/box/classObject/objectLazyInitialized.kt");
+        }
+
         @Test
         @TestMetadata("setVar.kt")
         public void testSetVar() throws Exception {
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsTestGenerated.java
index bb4d44dee69..41b3c88e91e 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrBoxJsTestGenerated.java
@@ -328,6 +328,12 @@ public class IrBoxJsTestGenerated extends AbstractIrBoxJsTest {
             runTest("js/js.translator/testData/box/classObject/objectInCompanionObject.kt");
         }
 
+        @Test
+        @TestMetadata("objectLazyInitialized.kt")
+        public void testObjectLazyInitialized() throws Exception {
+            runTest("js/js.translator/testData/box/classObject/objectLazyInitialized.kt");
+        }
+
         @Test
         @TestMetadata("setVar.kt")
         public void testSetVar() throws Exception {
diff --git a/js/js.translator/testData/box/classObject/objectLazyInitialized.kt b/js/js.translator/testData/box/classObject/objectLazyInitialized.kt
new file mode 100644
index 00000000000..c4139f2bc18
--- /dev/null
+++ b/js/js.translator/testData/box/classObject/objectLazyInitialized.kt
@@ -0,0 +1,55 @@
+// EXPECTED_REACHABLE_NODES: 1291
+// See KT-6201
+package foo
+
+import kotlin.reflect.KProperty
+
+var log = ""
+
+open class Mixin {
+    init {
+        log = "mixin"
+    }
+}
+
+fun initCall(): Number {
+    log = "initCall"
+    return 2
+}
+
+object O1 {
+    init {
+        log = "O1 init"
+    }
+}
+
+object O2 {
+    init {
+        initCall()
+    }
+}
+
+object O3 : Mixin()
+
+object O4 {
+    val someValue = initCall()
+}
+
+object O5 {
+    val someValue = O3.also { log = "O5 also" }
+}
+
+fun box(): String {
+    if (log != "") return "Fail: something was initialized before any object was used"
+    O1
+    if (log != "O1 init") return "Fail: O1 didn't initialized lazy"
+    O2
+    if (log != "initCall") return "Fail: O2 didn't initialized lazy"
+    O3
+    if (log != "mixin") return "Fail: O3 didn't initialized lazy"
+    O4
+    if (log != "initCall") return "Fail: O4 didn't initialized lazy"
+    O5
+    if (log != "O5 also") return "Fail: O5 didn't initialized lazy"
+    return "OK"
+}
\ No newline at end of file
diff --git a/libraries/stdlib/wasm/src/generated/wasm/internal/_WasmOp.kt b/libraries/stdlib/wasm/src/generated/wasm/internal/_WasmOp.kt
index 766593ade86..7c208c521a4 100644
--- a/libraries/stdlib/wasm/src/generated/wasm/internal/_WasmOp.kt
+++ b/libraries/stdlib/wasm/src/generated/wasm/internal/_WasmOp.kt
@@ -255,7 +255,6 @@ internal annotation class WasmOp(val name: String) {
         const val BR_ON_CAST_FAIL = "BR_ON_CAST_FAIL"
         const val EXTERN_INTERNALIZE = "EXTERN_INTERNALIZE"
         const val EXTERN_EXTERNALIZE = "EXTERN_EXTERNALIZE"
-        const val GET_UNIT = "GET_UNIT"
         const val PSEUDO_COMMENT_PREVIOUS_INSTR = "PSEUDO_COMMENT_PREVIOUS_INSTR"
         const val PSEUDO_COMMENT_GROUP_START = "PSEUDO_COMMENT_GROUP_START"
         const val PSEUDO_COMMENT_GROUP_END = "PSEUDO_COMMENT_GROUP_END"
diff --git a/wasm/wasm.ir/build.gradle.kts b/wasm/wasm.ir/build.gradle.kts
index 5aa0b988862..06b5c57887f 100644
--- a/wasm/wasm.ir/build.gradle.kts
+++ b/wasm/wasm.ir/build.gradle.kts
@@ -6,6 +6,8 @@ plugins {
 }
 
 dependencies {
+    compileOnly(project(":core:util.runtime"))
+
     implementation(kotlinStdlib())
     implementation(kotlinxCollectionsImmutable())
     testImplementation(commonDependency("junit:junit"))
diff --git a/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/Operators.kt b/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/Operators.kt
index d27413574fa..14202728066 100644
--- a/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/Operators.kt
+++ b/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/Operators.kt
@@ -386,9 +386,6 @@ enum class WasmOp(
     EXTERN_EXTERNALIZE("extern.externalize", 0xfb71), // anyref -> externref
 
     // ============================================================
-    // Pseudo-instruction, just alias for a normal call. It's used to easily spot get_unit on the wasm level.
-    GET_UNIT("call", 0x10, FUNC_IDX),
-
     PSEUDO_COMMENT_PREVIOUS_INSTR("<comment-single>", WASM_OP_PSEUDO_OPCODE),
     PSEUDO_COMMENT_GROUP_START("<comment-group-start>", WASM_OP_PSEUDO_OPCODE),
     PSEUDO_COMMENT_GROUP_END("<comment-group-end>", WASM_OP_PSEUDO_OPCODE),
@@ -400,4 +397,4 @@ enum class WasmOp(
 const val WASM_OP_PSEUDO_OPCODE = 0xFFFF
 
 val opcodesToOp: Map<Int, WasmOp> =
-    enumValues<WasmOp>().associateBy { it.opcode }
+    enumValues<WasmOp>().associateBy { it.opcode }
\ No newline at end of file
diff --git a/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/WasmIrExpressionBuilder.kt b/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/WasmIrExpressionBuilder.kt
index b5d1f4ece4f..1ebfd785f98 100644
--- a/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/WasmIrExpressionBuilder.kt
+++ b/wasm/wasm.ir/src/org/jetbrains/kotlin/wasm/ir/WasmIrExpressionBuilder.kt
@@ -5,6 +5,7 @@
 
 package org.jetbrains.kotlin.wasm.ir
 
+import org.jetbrains.kotlin.utils.addToStdlib.trimToSize
 import org.jetbrains.kotlin.wasm.ir.source.location.SourceLocation
 
 private fun WasmOp.isOutCfgNode() = when (this) {
@@ -18,7 +19,7 @@ private fun WasmOp.isInCfgNode() = when (this) {
 }
 
 private fun WasmOp.pureStacklessInstruction() = when (this) {
-    WasmOp.GET_UNIT, WasmOp.REF_NULL, WasmOp.I32_CONST, WasmOp.I64_CONST, WasmOp.F32_CONST, WasmOp.F64_CONST, WasmOp.LOCAL_GET, WasmOp.GLOBAL_GET -> true
+    WasmOp.REF_NULL, WasmOp.I32_CONST, WasmOp.I64_CONST, WasmOp.F32_CONST, WasmOp.F64_CONST, WasmOp.LOCAL_GET, WasmOp.GLOBAL_GET -> true
     else -> false
 }
 
@@ -30,13 +31,12 @@ class WasmIrExpressionBuilder(
     val expression: MutableList<WasmInstr>
 ) : WasmExpressionBuilder() {
 
-    private val lastInstr: WasmInstr?
-        get() = expression.lastOrNull()
     private var eatEverythingUntilLevel: Int? = null
+    private var lastInstructionIndex: Int = expression.indexOfLast { !it.operator.isPseudoInstruction }
 
     private fun addInstruction(op: WasmOp, location: SourceLocation, immediates: Array<out WasmImmediate>) {
-        val newInstruction = WasmInstrWithLocation(op, immediates.toList(), location)
-        expression.add(newInstruction)
+        expression += WasmInstrWithLocation(op, immediates.toList(), location)
+        if (!op.isPseudoInstruction) lastInstructionIndex = expression.lastIndex
     }
 
     private fun getCurrentEatLevel(op: WasmOp): Int? {
@@ -64,16 +64,17 @@ class WasmIrExpressionBuilder(
             }
         }
 
-        val lastInstruction = lastInstr
-        if (lastInstruction == null) {
+        if (lastInstructionIndex == -1) {
             addInstruction(op, location, immediates)
             return
         }
+
+        val lastInstruction = expression[lastInstructionIndex]
         val lastOperator = lastInstruction.operator
 
         // droppable instructions + drop/unreachable -> nothing
         if ((op == WasmOp.DROP || op == WasmOp.UNREACHABLE) && lastOperator.pureStacklessInstruction()) {
-            expression.removeLast()
+            trimInstructionsUntil(lastInstructionIndex)
             return
         }
 
@@ -83,7 +84,7 @@ class WasmIrExpressionBuilder(
             if (localSetNumber != null) {
                 val localGetNumber = (immediates.firstOrNull() as? WasmImmediate.LocalIdx)?.value
                 if (localGetNumber == localSetNumber) {
-                    expression.removeLast()
+                    trimInstructionsUntil(lastInstructionIndex)
                     addInstruction(WasmOp.LOCAL_TEE, location, immediates)
                     return
                 }
@@ -93,11 +94,19 @@ class WasmIrExpressionBuilder(
         addInstruction(op, location, immediates)
     }
 
+    private fun trimInstructionsUntil(index: Int) {
+        expression.trimToSize(index)
+        lastInstructionIndex = index - 1
+    }
+
     override var numberOfNestedBlocks: Int = 0
         set(value) {
             assert(value >= 0) { "end without matching block" }
             field = value
         }
+
+    private val WasmOp.isPseudoInstruction: Boolean
+        get() = opcode == WASM_OP_PSEUDO_OPCODE
 }
 
 inline fun buildWasmExpression(body: WasmExpressionBuilder.() -> Unit): MutableList<WasmInstr> {
diff --git a/wasm/wasm.tests/tests-gen/org/jetbrains/kotlin/wasm/test/IrCodegenBoxWasmTestGenerated.java b/wasm/wasm.tests/tests-gen/org/jetbrains/kotlin/wasm/test/IrCodegenBoxWasmTestGenerated.java
index 22a2574883c..ac802c0bcf0 100644
--- a/wasm/wasm.tests/tests-gen/org/jetbrains/kotlin/wasm/test/IrCodegenBoxWasmTestGenerated.java
+++ b/wasm/wasm.tests/tests-gen/org/jetbrains/kotlin/wasm/test/IrCodegenBoxWasmTestGenerated.java
@@ -31450,6 +31450,11 @@ public class IrCodegenBoxWasmTestGenerated extends AbstractIrCodegenBoxWasmTest
             runTest("compiler/testData/codegen/box/size/helloWorldDOM.kt");
         }
 
+        @TestMetadata("objectsOptimization.kt")
+        public void testObjectsOptimization() throws Exception {
+            runTest("compiler/testData/codegen/box/size/objectsOptimization.kt");
+        }
+
         @TestMetadata("ok.kt")
         public void testOk() throws Exception {
             runTest("compiler/testData/codegen/box/size/ok.kt");