Investing in Japan
Latest UpdatesPreliminary results of the “Survey on Impacts of the COVID-19 on and Needs of Foreign-affiliated Companies
Apr 15, 2020
JETRO conducted an out-of-cycle survey in order to understand the impacts of the COVID-19 on foreign-affiliated companies in Japan as well as their needs for supports. The survey was conducted from April 2nd to 10th and collected answers from 376 companies. The summary of survey results is as follows.
- Summary of Survey Preliminary Results :
93.4％ answered negative impacts of COVID-19
62.5% of the companies answered the COVID-19 has had “Negative” impacts on their business while 30.9% answered “Slightly negative.” Combined, 93.4% answered the virus has had negative impacts on them. As for the nature of the impacts, the top answers were those coming from the decrease in demands, as 68.4% chose “decrease in sales/orders.”
Companies less enthusiastic about expanding business
For future development of business in Japan, the top answer was “Maintain the current business” (37.5％), followed by “Expanding as scheduled” and “Delaying the expansion” (22.6％ for both answers). Compared to the FY2019 survey, companies are less enthusiastic about expanding business.
Many companies in need to secure/increase clients/consumers
The largest number of companies, 51.3%, answered “Secure/increase clients/consumers” as a difficulty in managing business under the current circumstances. In particular, 55.6% of non-manufacturing companies chose the answer, the rate of which was almost 10% higher than the manufacturing (46.2％). This answer was followed by “Secure the cash flow (29.5％), which reflected the companies’ needs for some financial support.
Inquiries for this survey
Invest Japan Promotion Division, Invest Japan Department
Contact Person: Nagasaki (Mr.), Usui (Mr.)
Inquiries and consultation for business operations in Japan
Invest Japan Business Support Center