December 2, 2019

Japan Corporate Profits

Non manufacturers managing to maintain their profitability.

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

Published quarterly by the Ministry of Finance. Updated till the quarter of July-Sep 2019 (published on December 2nd, 2019).

Recent data trend:

The profitability of Japanese manufacturers continued to deteriorate in the July-September quarter of 2019. According to the quarterly Corporate Statistics, operating profits of Japanese manufacturers companies fell to 4.33 trillion yen, roughly 20% down from their recent peak in early 2018. In contrast, non-manufacturers' profit seem resilient. Their profits did stop growing, but the magnitude of decline is much less significant. Judging from the BoJ Tankan Survey for December, such contras...

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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: March 2nd, 2020

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