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 % % %
2019 Dec 0 20 -5.1 -4.6 5.45
2020 Mar -8 8      
  Jun -34 -17 -15.7 -13.2 5.22
  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 2.7 3.7 10.77
  Sep 13 34      
  Dec 14 33 (2.8) (2.8) (7.78)
2025 Mar (13) (28)      
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.