Business Operation and Labor's Share

  Total Sales Current Profit
to Sales Ratio
Ratio of Personnel Expenses to Sales Labor's Share
Annual percent
change
Source MOF
“Financial Statements of Corporations by Industry”
CAO “SNA”
Fiscal year % % % %
2011 -0.3 3.3 14.5 70.8
2012 -0.5 3.5 14.3 70.3
2013 2.5 4.2 13.6 68.1
2014 2.7 4.5 13.5 68.5
2015 -1.1 4.8 13.8 67.5
2016 1.7 5.2 13.9 68.9
2014 Jul-Sep 2.9 4.3 12.6 67.8
  Oct-Dec 2.4 5.3 12.6 74.6
2015 Jan-Mar -0.5 5.1 11.8 58.1
  Apr-Jun 1.1 6.4 13.1 70.4
  Jul-Sep 0.1 4.6 12.9 66.3
  Oct-Dec -2.7 5.4 13.1 74.0
2016 Jan-Mar -3.3 4.8 12.5 59.0
  Apr-Jun -3.5 5.9 13.7 71.5
  Jul-Sep -1.5 5.2 13.3 68.7
  Oct-Dec 2.0 6.1 13.1 75.2
2017 Jan-Mar 5.6 5.7 12.0 59.7
  Apr-Jun 6.7 6.8 13.1 -
  Jul-Sep 4.8 5.3 13.1 -
  Oct-Dec 5.9 5.8 12.9 -
NOTES:
Labor's share = Compensation of employees / National income at factor cost × 100
Current Profit to Sales Ratio, Ratio of personnel expences to sales