Business Outlook Survey
(April-June 2025)
June.12, 2025
1. Business conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Jan.-Mar. 2025 (previous) |
Apr.-Jun. 2025 (present) |
Jul.-Sep. 2025 (outlook) |
Oct.-Dec. 2025 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 2.0 | -1.9 | 5.2 | 6.1 | |
| Manufacturing | -2.4 | -4.8 | 5.7 | 8.4 | |
| Non-manufacturing | 4.1 | -0.5 | 5.0 | 5.0 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 0.7 | -0.9 | 5.2 | 7.2 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -12.7 | -12.3 | -5.8 | -1.9 | |
2. Domestic economic conditions
Business survey index
(Difference of "up"-"down" compared with previous quarter)
| (%points) | |||||
|
Jan.-Mar. 2025 (previous) |
Apr.-Jun. 2025 (present) |
Jul.-Sep. 2025 (outlook) |
Oct.-Dec. 2025 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 3.1 | -6.2 | -1.1 | 1.3 | |
| Manufacturing | -1.3 | -7.5 | 1.1 | 2.6 | |
| Non-manufacturing | 5.2 | -5.7 | -2.1 | 0.6 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | -2.3 | -12.0 | -9.3 | -4.9 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | -17.7 | -23.6 | -18.1 | -13.0 | |
3. Employment
Business survey index
(Difference of "insufficient"-"excessive")
| (%points) | |||||
|
End of Mar. 2025 (previous) |
End of Jun. 2025 (present) |
End of Sep. 2025 (outlook) |
End of Dec. 2025 (outlook) |
||
|---|---|---|---|---|---|
| Corporations with capital of 1 billion yen or over | |||||
| All industries | 28.3 | 26.9 | 23.2 | 22.0 | |
| Manufacturing | 20.3 | 19.5 | 17.4 | 16.4 | |
| Non-manufacturing | 32.2 | 30.4 | 25.9 | 24.6 | |
| Corporations with capital of 100 million to 1 billion yen | |||||
| All industries | 40.9 | 36.5 | 32.7 | 30.3 | |
| Corporations with capital of 10 to 100 million yen | |||||
| All industries | 30.3 | 28.8 | 27.5 | 27.5 | |
4. Sales (compared with the previous year)
| (%) | ||||||
| FY 2025 | ||||||
|---|---|---|---|---|---|---|
| All industries | 2.1 | |||||
| Manufacturing | 2.2 | |||||
| Non-manufacturing | 2.1 | |||||
5. Ordinary profits (compared with the previous year)
| (%) | ||||||
| FY 2025 | ||||||
|---|---|---|---|---|---|---|
| All industries | -2.1 | |||||
| Manufacturing | -1.2 | |||||
| Non-manufacturing | -2.4 | |||||
6. Software and investment in plant and equipment (compared with the previous year)
| (%) | ||||||
| FY 2025 | ||||||
|---|---|---|---|---|---|---|
| All industries | 7.3 | |||||
| Manufacturing | 14.3 | |||||
| Non-manufacturing | 3.6 | |||||
Note: Excludes expense purchasing land.
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