Business Outlook Survey  (April-June 2007) Jun.20,2007

１．Business conditions

Businesssurvey index (Difference of "up"-"down" compared with previous quarter) (%)

		Jan.-Mar. 2007 (previous)	Apr .-Jun. 2007 (present)	Jul.-Sep. 2007 (outlook)	Oct.-Dec. 2007 (outlook)
Corporationswith capital of 1 billion yen or over
	Allindustries	6.2	-0.9	12.0	11.5
	Manufacturing	0.1	-2.2	14.5	13.8	Non-manufacturing	9.8	-0.2	10.6	10.2	Corporationswith capital of 100 million to 1 billion yen							Allindustries	-3.1	-5.1	5.5	10.6	Manufacturing	-8.9	-1.1	9.3	16.5	Non-manufacturing	-1.2	-6.4	4.2	8.7	Corporationswith capital of 10 to 100 million yen							Allindustries	-16.7	-25.1	-12.9	-5.4	Manufacturing	-22.5	-27.6	-11.0	-2.1	Non-manufacturing	-15.5	-24.6	-13.3	-6.1

2．Domestic economic conditions

Businesssurvey index (Difference of "up"-"down" compared with previous quarter) (%)

		Jan.-Mar. 2007 (previous)	Apr.-Jun. 2007 (present)	Jul.-Sep. 2007 (outlook)	Oct.-Dec. 2007 (outlook)
						Corporationswith capital of 1 billion yen or over							Allindustries	13.4	9.9	11.5	11.3	Manufacturing	5.9	7.1	10.1	9.0	Non-manufacturing	17.9	11.5	12.4	12.6	Corporationswith capital of 100 million to 1 billion yen							Allindustries	6.6	8.7	8.4	7.5	Manufacturing	0.8	8.4	8.1	10.1	Non-manufacturing	8.5	8.7	8.4	6.7	Corporationswith capital of 10 to 100 million yen							Allindustries	-9.8	-16.0	-12.4	-7.8	Manufacturing	-16.6	-17.8	-9.4	-6.2	Non-manufacturing	-8.4	-15.6	-13.1	-8.2

3.Sales(compared with the previous year)

(%)

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	FY 2007	1sthalf   FY 2007	2nd half   FY 2007
Allindustries	2.2	2.3	2.2
Manufacturing	3.2	3.4	2.9
Non-manufacturing	1.8	1.7	1.8

4.Ordinary profits (compared with the previous year)

(%)

	FY 2007	1sthalf   FY 2007	2nd half   FY 2007
All industries	4.5	-1.7	10.1
Manufacturing	2.2	-4.2	8.2
Non-manufacturing	6.3	0.2	11.5

5.Investment in plant andequipment (compared with the previous year)

(%)

	FY 2007	1sthalf   FY 2007	2nd half   FY 2007
Allindustries	3.3	8.1	-1.0
Manufacturing	6.2	11.9	1.2
Non-manufacturing	1.5	5.8	-2.3

6.Employment

Businesssurvey index (Difference of "insufficient"-"excessive" ) (%)

		Jan.-Mar. 2007 (previous)	Apr.-Jun. 2007 (present)	Jul.-Sep. 2007 (outlook)	Oct.-Dec. 2007 (outlook)
Corporationswith capital of 1 billion yen or over
	Allindustries	18.6	15.3	13.6	13.2
	Manufacturing	9.7	8.1	7.4	7.3
	Non-manufacturing	23.9	19.5	17.2	16.6
Corporationswith capital of 100 million to 1 billion yen
	Allindustries	21.6	19.9	18.2	18.0
	Manufacturing	11.7	11.7	11.9	10.3
	Non-manufacturing	24.8	22.5	20.2	20.5
Corporationswith capital of 10 to 100 million yen
	Allindustries	14.7	11.9	11.0	12.0
	Manufacturing	10.2	9.4	9.6	11.3
	Non-manufacturing	15.7	12.4	11.3	12.2