Quarterly Survey of Overseas Subsidiaries
China and other Asian countries
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- Total and local sales
- Employment conditions
- Reverse imports
Total sales were ¥522 billion, a decrease in 6 industries such as electrical machinery. This was a large decrease of 13.2% from the same period in the previous year. Sales were particularly affected by the drop in sales for the Hong Kong special administrative region of the preople's republic of China, which comprises just under half of all total sales.
The total of local sales was ¥202.6 billion, a decrease in 5 industries such as chemicals. This was a decrease of 1.9% from the same period in the previous year.
It will be necessary to pay close attention to developments from now onward.
The sales forecast for January to June 1999 when compared to the previous DI period, is 9.8 points (from 17.8 to 27.6) and 5.9 points (from 24.0 to 29.9) in the case of local sales. The percentage of local subsidiaries predicting a rise is increasing.
The number of employees is 213,000 (a decrease of 0.0% from the same period in the previous year).
The forecast for January to June, 1999 was 2.5 points (from 6.1 to 8.6) compared to the last DI period. The percentage of local subsidiaries forecasting an increase grew.
Japan-bound exports, known as reverse imports, were ¥128.5 billion, a large fall of 25.9% from the same period in the previous year, with eight industries, such as electrical machinery and industrial machinery showing a drop. As in the case of total sales, the influence of the drop in the Hong Kong special administrative region of the preople's republic of China was particularly severe.
The forecast for January to June, 1999 was 1.8 points (from 0.4 to 2.2) compared to the last DI period with the percentage of local subsidiaries forecasting an increase rising.