Japanese
Print
  1. Home
  2. News Releases
  3. Back Issues
  4. March FY2023
  5. Results of Quarterly Survey of Overseas Subsidiaries Compiled (October - December 2022)

Results of Quarterly Survey of Overseas Subsidiaries Compiled (October - December 2022)

Subsidiaries' sales decreased by 2.2%, showing a sharp decrease of 17.2% in China due to the spread of COVID-19

Japanese

March 28, 2023

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 October - December 2022.
Japanese companies' overseas subsidiaries' sales (from Oct. to Dec. 2022, in dollars) decreased by 2.2% year-over-year, going down for the first time in two quarters. While North America saw an increase, there was a sharp decrease in Asia, particularly with China showing a decrease of 17.2% for the first time in two quarters mainly due to the spread of COVID-19.

1. Summary of the Results

(1) Sales

Overseas subsidiaries' total sales decreased by 2.2% year-over-year, going down for the first time in two quarters. Sales of electrical machinery and chemicals 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 52.7%—decreased by 8.4% year-over-year, due to declining sales of transportation equipment in China. This is the first decrease in two quarters. Sales in North America (27.6% composition ratio) increased by 8.9%, going up for the second consecutive quarter. In Europe (11.3% composition ratio), they declined by 2.3%, going down for the fifth consecutive quarter.

(2) Capital investment amount

Capital investment amounts (total of all regions) increased by 3.4% year-over-year, going up for the second consecutive quarter. Capital investment in electrical machinery and chemicals increased.

 

Looking at each region, capital investment in Asia (53.7% composition ratio) increased by 3.2% year-over-year, going up for the second consecutive quarter. In North America (31.8% composition ratio), it increased by 16.9%, going up for the first time in two quarters. In Europe (9.5% composition ratio), it decreased by 20.6%, going down for the third consecutive quarter.

(3) Number of employees

The total number of overseas subsidiaries' employees decreased by 0.3% year-over-year, going down for the first time in two quarters. In particular, the numbers in electrical machinery and transportation equipment decreased.

Looking at each region, the number of employees in Asia (67.6% composition ratio) decreased by 1.2% year-over-year, going down for the first time in two quarters. In North America (14.3% composition ratio), the number of employees increased by 4.3%, going up for the fourth consecutive quarter. In Europe (9.8% composition ratio), it decreased by 1.0%, going down for the twelfth 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