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  5. METI Releases Results of the Quarterly Survey of Overseas Subsidiaries (April - June 2018)

METI Releases Results of the Quarterly Survey of Overseas Subsidiaries (April - June 2018)

September 26, 2018

The Ministry of Economy, Trade and Industry (METI) conducts a Survey of Overseas Subsidiaries on a quarterly basis, aiming to ascertain the business conditions and development status of Japanese companies in overseas countries, and releases the results to the public. METI hereby announces that it has compiled the survey results for the period of April-June 2018.

The total sales of overseas subsidiaries of Japanese companies from April to June 2018 (in US dollar values) have increases by 7.3% over the previous year, showing an increase for nine consecutive quarters.

1. Summary of the survey results

(1) Sales

The total sales of overseas subsidiaries improved by 7.3% over the previous year, showing an increase for nine consecutive quarters.

Looking at the sales of overseas subsidiaries by region (North America, Asia, and Europe), those in Asia, the region with the highest ratio of sales in overseas subsidiaries at 50.0% of the total, showed an increase of 10.1% from the previous year, showing growth for nine consecutive quarters. In particular, sales in the transportation equipment industry rose.

The sales in North America (30.3% of sales in overseas subsidiaries) improved by 3.3% from the previous year, an increase for three consecutive quarters, while those in Europe (12.1% of sales in overseas subsidiaries) also improved by 10.2% from the previous year, an increase for nine consecutive quarters.

(2) Amount of capital investment

The total amount of capital investment by overseas subsidiaries increased by 41.5% from the previous year, showing an increase for two consecutive quarters.

Looking at the capital investment by region, that of Asia, the region with the highest ratio of capital investment in overseas subsidiaries at 46.5%, increased by 30.1% from the previous year, showing growth for three consecutive quarters. In particular, that in the transportation equipment industry rose.

The capital investment in North America (36.3% of total capital investment value by overseas subsidiaries) increased by 72.7% from the previous year, showing an increase for two consecutive quarters, while that in Europe (10.6% of total capital investment value by overseas subsidiaries) also increased by 32.4% from the previous year, showing a double-digit increase for four consecutive quarters.

(3) Number of employees

The total number of employees in overseas subsidiaries increased by 1.7% from the previous year, showing an increase for seven consecutive quarters.

Looking at the number of employees by region, those in Asia, the region with the highest ratio of people employed by overseas subsidiaries at 69.0%, showed an increase by 1.1%, rising for seven consecutive quarters. In particular, employment in the transportation equipment industry rose.

The number of employees in North America (13.6% of total employees employed by overseas subsidiaries) increased by 3.1% from the previous year, an increase for 28 consecutive quarters, while that in Europe (9.6% of total employees employed by overseas subsidiaries) also increased by 3.2% from the previous year, an increase for 20 consecutive quarters.

2. Announcement of the website

Visit the following website to download documents related to the survey.

Division in Charge

Enterprise Statistics Office, Research and Statistics Department