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Results of Quarterly Survey of Overseas Subsidiaries Compiled (April - June 2022)

Subsidiaries' sales decreased by 1.7%, showing the impact of the Shanghai lockdown and semiconductor shortages

Japanese

September 27, 2022

Others

The Ministry of Economy, Trade and Industry (METI) surveys Japanese companies' overseas subsidiaries in the manufacturing industry on their business activities abroad. It does so in order to understand the international development and overseas business conditions of Japanese companies, and it publishes them quarterly. METI has now compiled the survey results for the period April - June 2022.
Japanese companies' overseas subsidiaries' sales (from Apr. to Jun. 2022, in dollars) decreased by 1.7% from the same period last year, going down for the first time in seven quarters. While chemical and other industries saw increases due to higher raw material prices, the sales of mainstay transportation equipment decreased in North America and China, mainly due to the lockdown in Shanghai and semiconductor shortages.

1. Summary of the Results

(1) Sales

Overseas subsidiaries' total sales decreased by 1.7% from the same period last year, going down for the first time in seven quarters. Sales of transportation machinery and electrical machinery decreased.
Looking at overseas subsidiaries' sales by region (North America, Asia, and Europe), those in Asia—the region with the highest overseas subsidiary composition ratio at 51.7%—decreased by 2.0% from the same period last year, due to declining sales of transportation equipment in China. This is the first decrease in seven quarters. Sales in North America (28.0% composition ratio) declined by 0.5%, going down for the fourth consecutive quarter due to factors such as decreased transportation equipment sales. In Europe (11.9% composition ratio), they declined by 6.4%, going down for the third consecutive quarter.

(2) Capital investment amounts

Capital investment amounts (total of all regions) decreased by 1.2% from the same period last year, going down for the second consecutive quarter. Capital investment in transportation machinery and general-purpose machinery decreased.
Looking at each region, capital investment in Asia (47.3% composition ratio) decreased by 8.3% from the same period last year, going down for the second consecutive quarter. In North America (32.2% composition ratio), it increased by 6.7%, going up for the second consecutive quarter. In Europe (11.4% composition ratio), it decreased by 19.1%, going down for the first time in five quarters.

(3) Number of employees

The total number of overseas subsidiaries' employees decreased by 0.2% from the same period last year, going down for the first time in two quarters. In particular, the number in electrical machinery decreased.
Looking at each region, the number of employees in Asia (68.0% composition ratio) decreased by 0.4% from the same period last year, going down for the first time in two quarters. In North America (13.9% composition ratio), the number of employees increased by 1.3%, going up for the second consecutive quarter. In Europe (9.9% composition ratio), it decreased by 1.9%, going down for the tenth consecutive quarter. 

2. Website information

You can view and download the materials from this survey at this website .

Division in Charge

Enterprise Statistics Office, Research and Statistics Department