- Home
- News Releases
- Back Issues
- June FY2023
- Results of Quarterly Survey of Overseas Subsidiaries Compiled (January-March 2023)
Results of Quarterly Survey of Overseas Subsidiaries Compiled (January-March 2023)
Subsidiaries' sales decreased by 1.3%, showing a decline of two consecutive quarters, and sales of transportation equipment in China decreased by 28.5%
June 28, 2023
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 ascertain 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 of January-March 2023.
The total sales of overseas subsidiaries of Japanese companies from January to March 2023 (in US dollar values) decreased by 1.3% year-on-year, showing a decrease for two consecutive quarters. While an increase in sales was seen in North America, a decrease of 24.0% was seen in Asia year-on-year, showing a decrease for two consecutive quarters. In particular, a decrease of 28.5% was recorded in transportation equipment in China.
1. Summary of the results
(1) Sales
Overseas subsidiaries’ total sales in all regions declined by 1.3% from the same quarter of the previous year, a decrease for two consecutive quarters. Sales in chemicals and electrical machinery decreased.
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 48.3%––decreased by 11.8% year-on-year, a decrease for two consecutive quarters, due to a decrease in transport equipment in China. Sales in North America (composition ratio: 30.8%) improved by 16.6% year-on-year, an increase for three consecutive quarters, due to an increase in transportation equipment, while sales in Europe (composition ratio: 11.8%) also improved by 2.6% year-on-year, an increase for the first time in six quarters.
(2) Capital investment amount
The total capital investment in all regions increased by 4.4% from the same quarter of the previous year, an increase for three consecutive quarters. Capital investment in transportation equipment and electrical machinery showed an increase.
Looking at each region, capital investment in Asia (composition ratio: 51.4%), increased by 6.3% from the same quarter of the previous year, an increase for three consecutive quarters. Capital investment in North America (composition ratio: 27.6%) declined by 1.8% year-on-year, a decrease for the first time in two quarters, and that in Europe (composition ratio: 11.7%) also declined by 6.3% year-on-year, a decrease for four consecutive quarters.
(3) Number of employees
The total number of employees in overseas subsidiaries in all regions declined by 1.3% from the same quarter of the previous year, a decrease for two consecutive quarters. The number of employees in electrical machinery and general-purpose machinery decreased.
Looking at each region, the number of employees in Asia (composition ratio: 66.9%), decreased by 2.9% year-on-year, a decrease for two consecutive quarters. The number of employees in North America (composition ratio: 14.6%) increased by 4.9% year-on-year, an increase for 5 consecutive quarters, while that in Europe (composition ratio: 9.9%) also increased by 0.2% year-on-year, an increase for the first time in 13 quarters.
2. Website information
Division in Charge
Enterprise Statistics Office, Research and Statistics Department