Quarterly Survey of Overseas Subsidiaries

Notes on the Report

Note 1:

DI = Percentage of the companies expecting increase - Percentage of the companies expecting decrease

DI ratio over previous quarter = The current DI ratio - The previous DI ratio

In this report, the DI of the current quarter was one surveyed in the April-June quarter which shows the outlook for the July-December half year, and the DI of the preceding quarter was one surveyed in the 1998 January-March quarter which shows the outlook for the 1998 April-June quarter.

Note 2:

The local sales signify the sales made by locally-based Overseas subsidiaries in their respective locations or countries.

Note 3:

Overseas Production Ratio = Sales of Overseas subsidiaries / Sales of Domestic Parent Companies * 100

Note 4:

Overseas Facility Investment Ratio = Acquisition of Tangible Fixed Assets (excluding land) by Overseas subsidiaries / Acquisition of Tangible Fixed Assets (excluding land) by Parent Companies * 100