- Statistics
- Quarterly Survey of Japanese Business Activities
- Quarterly Survey of Japanese Business Activities (October-December 1997)
- 5. Status of Overseas Subsidiaries by region
Quarterly Survey of Overseas Subsidiaries
5. Status of Overseas Subsidiaries by region
Sales turnover showed a marked increase of 11.3% from the same quarter of the previous year in North America. There were also increases in other regions except for ASEAN 4.
Exports to Japan (so-called "reverse imports"), meanwhile, increased in all regions.
The increase in equipment investments (the acquisition value of tangible fixed assets other than land) was greatest in North America.
As to the prospects for the first quarter of 1998, the proportion of local corporations that forecast a DI increase compared to the previous quarter decreased in all regions except North America, where it was on a par.
These trends are seen both in exports to Japan and in local sales.
- (1) North America
- (2) Asean 4
- (3) Nies 3
- (4) China and Other Asian Countries
- (5) Europe
(1) North America
- (a) Turnover and Local Sales
- Sales turnover was 4,072.7 billion yen (up 11.3% from the same quarter of the previous year), increasing in transportation machinery (up 11.0%) and all other sectors.
- The value of local sales was 2,918.9 billion yen (up 12.3%), increasing in all sectors except non-ferrous metals (down 0.1%). The proportion of sales turnover taken up by local sales increased slightly to 71.1% (up 0.7 points).
- Prospects for the first quarter of 1998 show 42.5 points for sales turnover overall (on a par with the previous quarter) and 41.6 points for local sales (down 0.8 points from the previous quarter). For both of these, the proportion of local corporations that forecast an increase was thus more or less on a par.
- (b) Equopment Investments
- The acquisition value of tangible fixed assets other than land increased greatly to 247.3 billion yen (up 64.2% from the same quarter of the previous year) thanks to increases in electrical and transportation machinery.
- Prospects for the first quarter of 1998 show a slight decrease to 24.1 points overall (down 0.2 points from the previous quarter) in the proportion of local corporations that forecast an increase.
- (c) Employment
- The number of employees increased to 352,000 (7.9% more than the same quarter of the previous year), mainly due to the influence of electrical machinery, foods, and tobacco.
- Prospects for the first quarter of 1998 show an increase to 18.2 points overall (up 3.7 points from the previous quarter) in the proportion of local corporations that forecast an increase.
- (d) Reverse Imports
- Exports to Japan (so-called "reverse imports") increased to 79.9 billion yen (up 33.5%), mainly thanks to the influence of foods, tobacco, and transportation machinery.
(2) Asean 4
- (a) Turnover and Local Sales
- Sales turnover fell greatly to 891.4 billion yen, down 12.4% from the same quarter of the previous year and 13.0% from the previous quarter. The value of local sales also fell greatly to 345.6 billion yen, down 23.4% from the same quarter of the previous year and 17.4% from the previous quarter. Sales turnover and local sales both fell in 8 sectors, with a major impact felt by the fourth successive quarterly decrease in transportation machinery.
- Prospects for the first quarter of 1998 show 16.9 points for sales turnover overall (down 10.2 points from the previous quarter). The proportion of local corporations that forecast an increase decreased in 9 sectors, including transportation machinery.
- (b) Equipment Investments
- The acquisition value of tangible fixed assets other than land fell to 38.5 billion yen (down 21.1% from the same quarter of the previous year) due to decreases in 10 sectors including metals and general machinery.
- Prospects for the first quarter of 1998 show an increase of 7.4 points overall (down 2.1 points from the previous quarter), though the proportion of local corporations that forecast an increase continued their decrease from the previous quarter.
- (c) Employment
- The number of employees increased to 406,000 (4.5% more than the same quarter of the previous year).
- Prospects for the first quarter of 1998 show an increase of 2.3 points overall (down 4.7 points from the previous quarter), though the proportion of local corporations that forecast an increase continued their decrease from the previous quarter.
- (d) Reverse Imports
- Exports to Japan (so-called "reverse imports") increased to 231.5 billion yen (up 11.4% from the same quarter of the previous year). There were increases in 5 sectors, the increase being particularly great in electrical machinery.
- Prospects for the first quarter of 1998 show an increase of 8.1 points overall (down 8.8 points from the previous quarter), though the proportion of local corporations that forecast an increase continued their decrease from the previous quarter.
(3) Nies 3
- (a) Turnover and Local Sales
- Sales turnover increased to 891.9 billion yen, an increase of 2.4% from the same quarter of the previous year. There were increases in 7 sectors including electrical machinery and chemicals. The value of local sales fell to 380.1 billion yen, down 1.1% from the same quarter of the previous year. There were decreases in 5 sectors including transportation machinery.
- Prospects for the first quarter of 1998 show a decrease of 0.9 points for sales turnover overall (down 15.4 points from the previous quarter) in the proportion of local corporations that forecast an increase. There were decreases in 9 sectors including steel and non-ferrous metals. Prospects for local sales also show a decrease of 4.4 points (down 17.4 points from the previous quarter) in the proportion that forecast an increase, with decreases in 8 sectors including electrical machinery.
- (b) Equipment Investments
- The acquisition value of tangible fixed assets other than land fell greatly to 15.7 billion yen (down 29.6% from the same quarter of the previous year). The decrease was greatly affected by decreases in electrical machinery.
- Prospects for the first quarter of 1998 were on a par at 8.7 points overall (0.0 point change from the previous quarter).
- (c) Employment
- The number of employees decreased to 124,000 (1.7% less than the same quarter of the previous year).
- Prospects for the first quarter of 1998 show a major decrease of 14.6 points overall (down 14.1 points from the previous quarter) in the proportion of local corporations that forecast an increase.
- (d) Reverse Imports
- Exports to Japan (so-called "reverse imports") increased to 144.0 billion yen (up 6.5% from the same quarter of the previous year). There were increases in 5 sectors, the increase being particularly great in electrical machinery.
- Prospects for the first quarter of 1998 show a decrease of 1.0 points overall (down 5.1 points from the previous quarter) in the proportion of local corporations that forecast an increase.
(4) China and Other Asian Countries
- (a) Turnover and Local Sales
- Sales turnover increased to 5.935 billion yen, up 14.1% from the same quarter of the previous year. There were increases in 12 sectors excluding foods and tobacco, the increase in electrical machinery having a major influence. The value of local sales increased to 203.4 billion yen, up 17.4% from the same quarter of the previous year. There were increases in 10 sectors including electrical machinery.
- Prospects for the first quarter of 1998 show 31.5 points for sales turnover overall (down 18.5 points from the previous quarter), with a decrease in the proportion of local corporations that forecast an increase in 11 sectors. Prospects for local sales also show a decrease to 33.5 points (down 9.4 points from the previous quarter) in the proportion that forecast an increase, with decreases in 9 sectors including textiles.
- (b) Equipment Investments
- The acquisition value of tangible fixed assets other than land fell greatly to 9.8 billion yen (down 55.7% from the same quarter of the previous year). The decrease was greatly affected by electrical machinery and general machinery.
- Prospects for the first quarter of 1998 show a decrease to 13.6 points overall in the proportion of local corporations that forecast an increase (down 7.6 points from the previous quarter). There were decreases in 10 sectors.
- (d) Reverse Imports
- Exports to Japan (so-called "reverse imports") increased to 172.4 billion yen (up 29.1% from the same quarter of the previous year). There were increases in 10 sectors, the increase being particularly affected by electrical and general machinery.
- Prospects for the first quarter of 1998 show a major decrease to 11.4 points overall (down 13.3 points from the previous quarter) in the proportion of local corporations that forecast an increase.
(5) Europe
- (a) Turnover and Local Sales
- Sales turnover increased to 1,975.8 billion yen, up 10.9% from the same quarter of the previous year. There were increases in 10 sectors, the increases in transportation machinery and electrical machinery having a major influence. The value of local sales increased to 1,013.1 billion yen, up 16.3% from the same quarter of the previous year. There were increases in 8 sectors, the increases in electrical and transportation machinery having a major influence.
- Prospects for the first quarter of 1998 show 34.5 points for sales turnover overall (down 9.4 points from the previous quarter), with a decrease in the proportion of local corporations that forecast an increase in 5 sectors. Prospects for local sales also show a decrease to 34.2 points (down 10.9 points from the previous quarter) in the proportion that forecast an increase.
- (c) Employment
- The number of employees increased to 184,000 (1.4% more than the same quarter of the previous year).
- Prospects for the first quarter of 1998 show a slight decrease to 7.2 points overall (down 0.4 points from the previous quarter) in the proportion of local corporations that forecast an increase.
- (d) Reverse Imports
- Exports to Japan (so-called "reverse imports") increased greatly to 27.0 billion yen (up 48.7% from the same quarter of the previous year). There were increases in 5 sectors, the increase being particularly great in electrical and machinery.
- Prospects for the first quarter of 1998 show a decrease to 0.6 points overall (down 3.4 points from the previous quarter) in the proportion of local corporations that forecast an increase.
Last Update: January 31, 2008