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Results of Quarterly Survey of Overseas Subsidiaries Compiled (July-September in 2019)

December 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 countries, and releasing the results. METI hereby announces that it has compiled the survey results for the period of July-September 2019.

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

1. Summary of the results

(1) Sales

The total sales of overseas subsidiaries declined by 2.4% from the previous year, a decrease for three 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 overseas subsidiaries at 51.0%, declined by 3.6% from the previous year, a decrease for three consecutive quarters. In particular, sales in the electrical machinery industry decreased.

Sales in North America (composition ratio: 29.5%) remained the same, i.e., a 0.0% change from the previous year, while those in Europe (composition ratio: 11.2%) declined by 4.1% from the previous year, a decrease for five consecutive quarters. In particular, those in the transportation equipment industry showed a decrease.

(2) Amount of capital investment

The total amount of capital investment by overseas subsidiaries improved by 13.0% from the previous year, an increase for the first time in two quarters.

Looking at capital investment by region, Asia, the region with the highest composition ratio of overseas subsidiaries at 55.2%, increased by 22.6% from the previous year, showing growth for eight consecutive quarters. In particular, capital investment in the transportation equipment industry rose.

Capital investment in North America (composition ratio: 26.8%) increased by 9.3% from the previous year, showing an increase for the first time in three quarters, while that in Europe (composition ratio: 12.3%) also increased by 11.9% from the previous year, an increase for the first time in four quarters.

(3) Number of employees

The total number of employees in overseas subsidiaries declined by 1.9% from the previous year, a decrease for two consecutive quarters.

Looking at the number of employees by region, Asia, the region with the highest composition ratio of overseas subsidiaries at 68.5%, declined by 2.6%, a decrease for two consecutive quarters. In particular, employees in the electrical machinery industry and the transportation equipment industry declined.

The number of employees in North America (composition ratio: 13.8%) improved by 0.6% from the previous year, an increase for 33 consecutive quarters, while the number of employees in Europe (composition ratio: 10.0%) declined by 0.6% from the previous year, a decrease for the first time in 24 consecutive quarters.

2. Announcement of the website

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

Related Documents

Division in Charge

Enterprise Statistics Office, Research and Statistics Department