Business Conditions

  Large Enterprises
Business Conditions D.I. Sales Ratio of Current
Profit to Sales
Manufacturing Non-
manufacturing
Manufacturing Non-
manufacturing
All industries
  %Points %Points % % %
2020 Sep -27 -12      
  Dec -10 -5 -0.1 -4.8 5.91
2021 Mar 5 -1      
  Jun 14 1 15.8 2.1 8.66
  Sep 18 2      
  Dec 18 9 5.7 3.0 7.71
2022 Mar 14 9      
  Jun 9 13 12.5 12.5 10.26
  Sep 8 14      
  Dec 7 19 10.2 8.0 7.66
2023 Mar 1 20      
  Jun 5 23 4.4 2.2 11.39
  Sep 9 27      
  Dec 12 30 2.4 -0.1 8.51
2024 Mar 11 34      
  Jun 13 33 2.9 3.9 10.95
  Sep 13 34      
  Dec 14 33 (2.8) (3.3) (8.52)
2025 Mar 12 35      
  Jun (12) (28) (0.9) (0.8) (10.74)
  Sep          
  Dec     (1.2) (0.9) (8.47)
Source BOJ "TANKAN"
NOTES:
D.I. <"Favorable" minus "Unfavorable">
( ) Forecast
Large Enterprises = 1000 employees and over
Line graph. Business Conditions D.I. large enterprises. See the table above for data.