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Quarterly Survey of Overseas Subsidiaries (April-June in 2017) Conducted

The Ministry of Economy, Trade and Industry (METI) conducts a Survey of Overseas Subsidiaries on a quarterly basis, aiming to ascertain the business development and conditions of Japanese companies in overseas countries, and releases the results. METI hereby announces that it has compiled the survey results for the period of April-June 2017.

The total sales of overseas subsidiaries of Japanese companies from April to June 2017 (based on dollars) have improved from the previous year, marking a fifth, consecutive, quarterly increase.

Summary of the results

(1)Sales

The total sales of overseas subsidiaries improved by 5.9% from the previous year, marking a fifth consecutive, quarterly increase.

Looking at the sales of overseas subsidiaries by region (North America, Asia and Europe), those in Asia, the region with the highest ratio of overseas subsidiaries at 48.2%, showed an increase of 6.4% over the previous year, growing for five consecutive quarters. In particular, sales of transportation equipment rose in China.

The sales in North America (ratio: 31.4%) improved by 3.7% from the previous year, an increase for 16 consecutive quarters, while those in Europe (ratio: 12.3%) also improved by 2.9% from the previous year, an increase for five consecutive quarters.

(2)Amount of capital investment

The total amount of capital investment by overseas subsidiaries declined by 10.2% from the previous year, a decrease for 13 consecutive quarters.

Looking at the capital investment by region; in Asia, which is the region with the highest ratio of overseas subsidiaries at 50.7%, the figure declined by 5.1% from the previous year, its 18th consecutive quarterly decrease. In particular, that in ASEAN-4 economies showed a two-digit decline for eight consecutive quarters.

The capital investment in North America (ratio: 30.5%) has decreased by 17.4% from the previous year, a decrease for two consecutive quarters, while that in Europe (ratio: 10.8%) showed a decrease of 15.4% from the previous year, a decrease for two consecutive quarters.

(3)Number of employees

The total number of employees in overseas subsidiaries increased by 1.6% from the previous year, meaning a third consecutive, quarterly increase.

Looking at the numbers by region; in Asia, which is the region showing the highest ratio of overseas subsidiaries (69.8%), there was an increase of 0.7% over the previous year, which means three consecutive quarters of growth. In particular, the ASEAN-4 economies showed an increase in the electric machinery industries.

The number of employees in North America (ratio: 13.5%) increased by 4.5% from the previous year, for 24 consecutive quarters of increase, while that in Europe (ratio: 9.4%) increased by 3.0% from the previous year, marking 16 consecutive quarters of increase.

Release date

September 27, 2017

Division in Charge

Enterprise Statistics Office, Research and Statistics Department

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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