Business Outlook Survey

(July-September 2006)

１．Business conditions

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

(%)

		Apr.-Jun. 2006 (previous)	Jul.-Sept. 2006 (present)	Oct.-Dec. 2006 (outlook)	Jan.-Mar. 2007 (outlook)

Corporationswith capital of 1 billion yen or over
	Allindustries	1.8	10.5	10.7	7.9
	Manufacturing	1.4	12.7	11.1	5.5	Non-manufacturing	2.0	9.2	10.5	9.4	Corporationswith capital of 100 million to 1 billion yen	Allindustries	-1.5	3.2	9.4	3.6	Manufacturing	-0.3	6.5	11.8	3.5	Non-manufacturing	-1.9	2.1	8.6	3.6	Corporationswith capital of 10 to 100 million yen	Allindustries	-17.9	-12.4	-4.6	-9.1	Manufacturing	-18.0	-7.4	-0.1	-4.1	Non-manufacturing	-17.9	-13.5	-5.5	-10.2

2．Domestic economic conditions

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

(%)

		Apr.-Jun. 2006 (previous)	Jul.-Sept. 2006 (present)	Oct.-Dec. 2006 (outlook)	Jan.-Mar. 2007 (outlook)
						Corporationswith capital of 1 billion yen or over							Allindustries	18.8	18.6	14.3	9.0	Manufacturing	15.9	17.1	12.0	5.6	Non-manufacturing	20.5	19.5	15.6	11.0	Corporationswith capital of 100 million to 1 billion yen							Allindustries	19.1	16.3	15.1	8.4	Manufacturing	19.0	13.7	11.4	6.5	Non-manufacturing	19.2	17.2	16.3	9.0	Corporationswith capital of 10 to 100 million yen							Allindustries	-3.1	-3.0	-1.5	-6.6	Manufacturing	-6.0	-1.7	-0.8	-3.0	Non-manufacturing	-2.5	-3.3	-1.7	-7.4

3.Sales(compared with the previous year)

(%)

	FY 2006	1sthalf FY 2006	2nd half FY 2006
Allindustries	1.7	2.5	0.9
Manufacturing	4.2	5.8	2.8
Non-manufacturing	0.6	1.1	0.1

4.Ordinary profits (compared with the previous year)

(%)

FY 2006	1sthalf FY 2006	2nd half FY 2006
All industries	4.0	1.9	5.8
Manufacturing	1.9	-1.2	4.6	Non-manufacturing	5.5	4.2	6.7

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

(%)

FY 2006	1sthalf FY 2006	2nd half FY 2006
Allindustries	9.1	14.1	5.1
Manufacturing	19.3	26.4	13.6
Non-manufacturing	3.3	7.1	0.1

6.Employment

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

(%)

		Apr.-Jun. 2006 (previous)	Jul.-Sept. 2006 (present)	Oct.-Dec. 2006 (outlook)	Jan.-Mar. 2007 (outlook)

Corporationswith capital of 1 billion yen or over
	Allindustries	12.7	14.0	13.0	11.8
	Manufacturing	6.8	8.5	7.4	6.5
	Non-manufacturing	16.1	17.2	16.3	14.9
Corporationswith capital of 100 million to 1 billion yen
	Allindustries	19.2	19.8	17.3	15.4
	Manufacturing	13.5	15.7	12.4	8.0
	Non-manufacturing	20.9	21.2	18.9	17.7
Corporationswith capital of 10 to 100 million yen
	Allindustries	12.1	13.4	12.3	9.1
	Manufacturing	11.2	7.1	8.4	4.9
	Non-manufacturing	12.3	14.8	13.1	10.0

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