Cabinet Office

FY2020Annual Survey of Corporate Behavior

Confidential

Questionnaire

Approved by the Ministryof Internal Affairs andCommunications
General statistical survey

Government statistics

This questionnaire will be handled in the strictest confidence.
Your replies will be used only for statistical purposes.

Submission deadline:
January 15, 2021

How to complete this questionnaire:
1 Please fill in the thick-framed boxes or the “other ( )” option and circle the applicable number in the thick-framed number column (1, 2, 3 …).
2 Please amend in handwriting if company name, address, etc., has changed.
3 Please answer Q2 (2) (break-even yen-dollar rate) only if your company is an exporter.
4 Please answer on a consolidated basis except for Q5 (Change in the number of employees). If your company does not have subsidiaries,
please answer for your company only for all questions.
5 Please answer Q6 (Overseas production ratio and reverse imports ratio) only if your company is a manufacturer.
Company No.

SectorCompleted by

Capital SizeCompanyName〒

businessestablishment
where thisquestionnaire
was completed

１Business outlook and demand forecast２今後５年間
Next 5 years

Japan’snominal
我が国のeconomic growth
名目経済成長率rateJapan’sreal
我が国のeconomic growth
実質経済成長率rate
Nominal growth
貴業界の需要のrate of industry
名目成長率
demand（(average平 成 29～of33
FY2021–2025)
年度平均）

.

％

.

％

.

％

.

％

.

％

.

％

.

％

S

貴業界の需要のReal growth rateof industry
demand
実質成長率(average（平成 29～of31
FY2021–2023)
年度平均）

.

％

.

％

.

％

.

％

.

％

(Reference) The past 3 years’ % changes in gross domestic
product (GDP), which represents Japan’s economic growthrate, are as follows:
FY2017FY2018
FY2019Nominal economic growth rate

2.0%

0.1%

0.8%

Real economic growth rate

1.9%

0.3%

0.0%

Source: “Quarterly Estimates of GDP Jul.–Sep. 2020 (The 1st Preliminary),
chained” by the Cabinet Office(Published on November 16, 2020)

Exchange rates
Q2 (1) What is your forecast for the exchange rate of the yen
against the dollar 1 year from now (around January 2022)? Pleasechoose and circle the one number that applies.
yen range 110
yen range 9090円台
yen range 8080円台
yen range
yen range 1006060円台
yen range 7070円台
100円台
110円台

１２

３

yen range120
yen range 130120円台
130円台

７1８４
Other
その他

９（-yen level円台）

５６

Not predictable
予想できない10Name

４Telephone
Number（）Extension

US$ =yen(2) is to be answered by exporting companies only.If you are not
an exporting company, please enter "0" in the right-hand column.

AM

今後３年間
Next 3 years

Position(2) Up to how many yen to the dollar is a profitable exchange rate
at this point in time? Please enter a whole number in the boxbelow.
Please reply with regard to your main product if conditions varysignificantly between products and plants and it is difficult to makea uniform calculation.

Please refer to the industry code (middle classification) specified
by the stock exchange with regard to your industry. If yourcompany’s business spans multiple divisions, please reply interms of the industry of your largest division.
FY2021
平成29年度３P

Q1 Please enter a figure up to one decimal place in each of theboxes below as your rough forecast of Japan’s nominal and real
economic growth rates and the nominal and real growth rates ofdemand in your industry for FY2021, the next 3 years (average ofFY2021–2023) and the next 5 years (average of FY2021–2025).

10 billion
yen ormoreLEAddress

0.1 to 1
1 to 55 to 10billion yen billion yen billion yen(not incl.) (not incl.) (not incl.)

Prices
Q3 With regard to how much higher or lower the average purchaseprice for manufacturing and selling the main product or service ofyour company and the average sales price of your main product orservice will be 1 year from now (around January 2022), pleasechoose and circle the one number that is the closest to yourcompany’s forecast.
Average

Average

平均仕入価格
purchase price

平均販売価格
sales priceRate of change
増減率

１年後
1 yearfrom now(around Jan. 2022)(平成30年１月ごろ)

１年後
1 yearfrom now(around Jan. 2022)(平成30年１月ごろ)

20% or more
20％以上

１

１10% to 20%～
(notincl.)
10％以上
20％未満

２

２

5% to 10% (notincl.)
５％以上～ 10％未満

３３0% (not incl.)
to 5% (not incl.)
０％超～ ５％未満

４

４０％0%

５

５-5% (not incl～.) to0% (not－５％超０％未満

６

６－10％超～ －５％以下-10% (not incl.)
to -5%

７７-20% (not incl.)
to -10%－20％超～ －10％以下

８８－20％以下-20% or less

９９None apply
当てはまらない10(Note) The purchase price for non-manufacturing companies is theprice of raw materials and products purchased for providing service.
For example in the wholesale and retail industries it includes stocks
purchased, in the restaurant and lodging industries it includes
foodstuffs and in the real estate industry it includes land purchased
for sale (machinery/tools for capital investment and rent/purchase ofbuildings and land for use at own company are not included). Pleasechoose “None apply” if there is no applicable purchase price.

(please turn over)Growth rate of capital investment

Overseas production ratio and reverse imports

Q4 How does your company view the annual average percentagechanges in capital investment (construction work basis) for thepast 3 years (average of FY2018–2020) and the next 3 years(average of FY2021–2023)? Please choose and circle the one
number that applies as the past percentage change and the futureforecast.
Please exclude the purchase of land, the purchase of used itemsand transfers from the construction in progress account.
Past 3 years
過去３年間(average ofQ6 With regard to overseas production and reverse imports ratios,
what are your company’s “FY2019 actual figures,” “FY2020estimate” and “FY2025 forecast”? Please fill in the boxes below(figures up to one decimal place).
Please enter “0.0” if your company does not produce abroad.
(1) Overseas production ratio
Please calculate the overseas production ratio as per the following
equation on a yen selling price basis. Please use the current
exchange rate for the FY2025 forecast.
海外現地生産による生産高
Volumeof overseas productionOverseas
production ＝
海外現地生産比率
Volume of
国内生産
海外現地生産
ratio
Volume of＋
overseas
domesticによる生産高による生産高Next 3 years
今後３年間(average of(平成26～28年度平均）
FY2018–2020)(平成29～31年度平均）
FY2021–2023)

25％以上
25% or more

１

１

20％以上
25％未満
20% to 25%～
(notincl.)

２

２

15％以上
20％未満
15% to 20%～
(notincl.)

３

３

10％以上
15％未満
10% to 15%～(notincl.)

４４5% to 10% ～(not10％未満incl.)
５％以上

５

５０％超
～ ５％未満0% (not incl.)
to 5% (not６

６0%０％

７７-5%
(not incl.)
0% (not incl.)－５％超～to０％未満

８８－10％超～ to－５％以下-10%(not incl.)-5%９９－15％超～ to－10％以下-15%(not incl.)-10%1010-20%(not incl.)-15%－20％超～ to－15％以下

11

11－25％超～ to－20％以下-25%(not incl.)
-20%

12

12-25%or less－25％以下

13

設備投資を行わなかったNo
capital investment was
made/isplanned（行う予定がない）

14(Note) Please consider overseas production as production done
by a local corporation through foreign direct investment under theForeign Exchange and Foreign Trade Act.
If there are any co-investors on the Japanese side in the overseas
local corporation, this question is to be answered by the company
with the largest investment ratio (or managing company if thecompanies invested equally).
FY2019平成27年度
actual実 result績

平成28年度FY2020estimate
実績見込み

LE
海外現地生産Overseas
production
比 率ratio.

%.

平成33年度FY2025
forecast
見通し.

%%

P

(2) Reverse imports ratio
Please calculate the reverse imports ratio as per the following
equation on a yen selling price basis. Please use the current
exchange rate for the FY2025 forecast.
Export volume to Japan
Reverse imports ratio ＝Volume of overseas local
production
It is not required to fill in the box for the year in which yourcompany did/will not carry out overseas production (year for which“0.0” was entered)

1314AM

増減率
Rateof

Q6 is to be answered by manufacturing companies only.

FY2020平成28年度
estimate
実績見込み

平成27年度FY2019actual実 result績

Reverse
逆輸入比率
imports
ratio.

%.

FY2025
平成33年度
forecast
見通し.

%

%

Change in the number of employees

S

Q5 With regard to the situation of the number of employees at yourcompany in the past 3 years (average of FY2018–2020) and yourforecast for the next 3 years (average of FY2021–2023), pleasechoose and circle the one number that applies for “overall” and“full-time employees.”
Please respond regarding the state only at your company, rather
than on a consolidated basis.
Past 3 years
過去３年間(average of(平成26～28年度平均)
FY2018–2020)

2(3) Reason for having an overseas production base
Please choose and circle the one that most applies to your company
as the reason for having an overseas production base.
Please also circle the number in the section "Other relevant reasons(possible to choose up to two)," if any other applies.
It is not required to fill in (3) if “0.0” has been entered for "FY2020estimate” and “FY2025 forecast” in Q6 (1).

Next 3 years
今後３年間(average of(平成29～31年度平均）
FY2021–2023)

Rateof change
増減率全体Overall

うち
正社員・Full-time
正職員とemployees
している
人

全体
Overall

うち正社員・Full-time
正職員とemployees
している
人

15％以上
15%or more

１１

１

１10%
to 15%～(not15％未満incl.)
10％以上

２２２

２

５％以上
～ 10％未満
5% to 10% (notincl.)

３３３３0%(not incl.)
5% (not incl.)
０％超～ to５％未満

４４４

４0%０％５５５５-5%(not incl.)～to ０％未満
0% (not incl.)－５％超

６６６６-10%(not incl.)-5%－10％超～ to－５％以下

７７７７-15%(not incl.)-10%－15％超～ to－10％以下

８８８８-15%or less－15％以下９９９９-Please proceed to Q6 if your company is a manufacturingcompany.
-Q5 will be the end of the questionnaire if your company isa non-manufacturing company.

Labor costs are low
We can easily secure highly-qualified personnel (technicaland research staff)
We can enjoy low costs of materials, overall productionprocesses, distributions, and land/buildings
Strong demand exists, or demand is forecast to expand,for our products in the local market(s) and markets inneighboring countries
We can cater effectively to overseas users’ needs
We have contracts w ith reliable suppliers of parts and/or
raw materials to the local facilities in a stable manner
We have entered the overseas market(s) follow ing entry
by our parent company or customer(s) and so on
We take advantage of industrial development programs
including favorable taxation and/or financing w hich areoffered by the local government(s)Inadequate infrastructure in the local country in question
had prevented us from setting up operations there, but thisissue has now been addressed
Other（please specify:

Main reason(choose one)

Other relev antreasons(choose up to two)

1

1

2

2

3

3

4

4

5

5

6

6

7

7

8

8

9

9

10

10

ご協力ありがとうございました。
Thank
you for your cooperation
記入済み調査票は、平 成 2questionnaire
9年 １ 月 16日 （までにご返送ください。
15 (Friday), 2021
Pleasereturn the completedby月 ）January