September 3,2018

Japan Corporate Profits

Japan Inc. suffered a temporary setback in the January-March quarter

Note: Total and Non-Manufacturing does not include Finance and Insurance.

Published quarterly by the Ministry of Finance. Updated till the quarter of Apr-Jun 2018 (published on September 3rd, 2018).

Recent data trend:

Japan Inc. had a sluggish first three months in 2018. According to the quarterly corporate statistics published by the Ministry of Finance, operating profits of Japanese companies in the January-March quarter fell by 0.5% quarter on quarter (QoQ), after a seasonal adjustment. In the year on year growth terms, it decelerated from 9.0% year on year (YoY) in the October-December quarter to 4.7% YoY in the January-March quarter. Both manufacturers as well as non-manufacturers seem to have suffere...

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Brief overview of “Corporate Statistics”:

Corporate statistics, published as "Surveys for the Financial Statements Statistics of Corporations by Industry” by the Ministry of Finance, is the survey about the financial condition of commercial corporations in Japan.

Sales of all industry excluding finance and insurance in 2012 was 1,297 trillion yen, and Investment excluding software in 2012 was 34.6 trillion yen.

These statistics are used for estimating private non-residential investment of second preliminary quarterly GDP report.

Note: The seasonally adjusted series for Sales, Current Profit and Investment excluding software is published by the Ministry of Finance. The seasonally adjusted series for Capital Investment is our own. We used X13-ARIMA-SEATS developed by the U.S. Census Bureau with log transformation and automatic outlier detection options turned on.

For more information, visit the official government page

The Next Release Date: December 3rd, 2018

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