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  5. METI Releases Results of the Quarterly Survey of Overseas Subsidiaries (October - December 2018)

METI Releases Results of the Quarterly Survey of Overseas Subsidiaries (October - December 2018)

March 27, 2019

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 overseas, and releases the results to the public. METI hereby announces that it has compiled the survey results for the period of October to December 2018.

The total sales of overseas subsidiaries of Japanese companies from October to December 2018 (in US dollar values) have increases by 0.1% over the previous year, showing an increase for eleven consecutive quarters.

1. Summary of the survey results

(1) Sales

The total sales of overseas subsidiaries improved by 0.1% over the previous year, showing an increase for eleven 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 51.7% of the total, showed an increase of 0.3% from the previous year, showing growth for eleven consecutive quarters. In particular, sales in the transportation equipment industry rose.

Sales in North America (29.6% of sales in overseas subsidiaries) improved by 0.3% from the previous year, an increase for five consecutive quarters, while those in Europe (11.5% of sales in overseas subsidiaries) declined by 2.9% from the previous year, a decrease for two consecutive quarters. Compared to the previous quarter, the total sales of overseas subsidiaries declined for two consecutive quarters due to the decrease in sales of electrical machinery in China and North America.

(2) Amount of capital investment

The total amount of capital investment by overseas subsidiaries increased by 21.3% from the previous year, showing an increase for four 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 56.3%, increased by 29.4% from the previous year, showing growth for five consecutive quarters. In particular, that in the transportation equipment industry rose.

Capital investment in North America (26.1% of capital investment in overseas subsidiaries) improved by 27.1% from the previous year, showing an increase for the first time in two consecutive quarters, while those in Europe (10.6% of capital investment in overseas subsidiaries) declined by 10.4% from the previous year, showing a decrease for the first time in six consecutive quarters.

(3) Number of employees

The total number of employees in overseas subsidiaries increased by 1.4% from the previous year, showing an increase for nine 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 of 1.0%, rising for nine consecutive quarters. In particular, employment in transportation equipment rose.

The number of employees in North America (13.6% of total employees employed by overseas subsidiaries) increased by 2.4% from the previous year, an increase for 30 consecutive quarters, while those in Europe (9.7% of total employees employed by overseas subsidiaries) also increased by 3.1% from the previous year, an increase for 22 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