The Ministry of Economy, Trade and Industry (METI) regularly conducts a survey titled the METI Basic Survey of Japanese Business Structure and Activities with the aims of 1) clarifying how the management strategies of Japanese enterprises and industrial structures actually evolve and 2) gathering basic data to support administrative measures. The following is a summarized preliminary report of the 2023 survey based on actual results from FY2022. The following key points were revealed from a total of 31,411 enterprises that were categorized in target sectors for the survey.

• Sales per company increased by 11.3% on a year-on-year basis.
• Ordinary profit per company increased by 14.0% on a year-on-year basis.
• The ratio of ordinary profit to sales per company increased by 0.2 percentage points on a year-on-year basis.
• Value added increased by 2.8% on a year-on-year basis due to an increase in total payroll and other factors.
• The labor share ratio decreased by 0.3 percentage points on a year-on-year basis, owing to the fact that the rate of increase in total payroll was smaller than the rate of increase in value added.
• Labor productivity increased by 2.3% on a year-on-year basis, owing to the fact that the rate of increase in value-added exceeded the rate of increase in the number of regular employees.

Source: Japan Ministry of Economy, Trade and Industry

Published: March 2024