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Results of Quarterly Survey of Overseas Subsidiaries Compiled (April-June 2019)

September 25, 2019

The Ministry of Economy, Trade and Industry (METI) has been conducting a Survey of Overseas Subsidiaries on a quarterly basis, aiming to ascertain the business development and conditions of Japanese companies in overseas, and releasing the results. METI hereby announces that it has compiled the survey results for the period of April-June 2019.

The total sales of overseas subsidiaries of Japanese companies from April to June 2019 (in US dollar values) have declined from the previous year, showing a decrease for two consecutive quarters.

1. Summary of the results

(1) Sales

The total sales of overseas subsidiaries declined by 3.6% from the previous year, a decrease for two consecutive quarters.

Looking at the sales of overseas subsidiaries by region (North America, Asia, and Europe), those in Asia, the region with the highest composition ratio of the overseas subsidiaries at 49.5%, declined by 4.6% from the previous year, a decrease for two consecutive quarters. In particular, sales in the electrical machinery industry decreased.

Sales in North America (composition ratio: 31.0%) declined by 1.4% from the previous year, a decrease for two consecutive quarters. Those in Europe (composition ratio: 11.9%) also declined by 6.3% from the previous year, a decrease for four consecutive quarters. The decrease was particularly noted in the transportation industry. As a result, sales in both regions showed a decrease.

(2) Amount of capital investment

The total amount of capital investment by overseas subsidiaries showed a decline of 13.2% from the previous year, a decrease for the first time in six quarters.

Looking at capital investment by region, in Asia, the region with the highest composition ratio of the overseas subsidiaries at 54.3%, increased by 0.6% from the previous year, growth for seven consecutive quarters.

Meanwhile, capital investment in North America (composition ratio: 26.3%) declined by 34.4% from the previous year, a decrease for two consecutive quarters. In particular, that in the transportation equipment industry showed a considerable decrease. Capital investment in Europe (composition ratio: 12.7%) also declined by 2.4% from the previous year, a decrease for three consecutive quarters. As a result, capital investment in both regions showed a decrease.

(3) Number of employees

The total number of employees in overseas subsidiaries declined by 0.7% from the previous year, a decrease for the first time in 11 quarters.

Looking at the number of employees by region, in Asia, the region with the highest composition ratio of the overseas subsidiaries at 68.5%, declined by 1.2% from the previous year, a decrease for the first time in 11 quarters. The decrease in the electrical machinery industry was particularly noted.

Meanwhile, the number of employees in North America (composition ratio: 13.9%) improved by 1.9% from the previous year, an increase for 32 consecutive quarters, while that in Europe (composition ratio: 9.8%) improved by 0.1% from the previous year, almost remaining flat.

2. Announcement of the website

For the documents concerning the results of the survey, visit the following website to download them.

Division in Charge

Enterprise Statistics Office, Research and Statistics Department