Business Outlook Survey

(January-March 2009)

March 23 , 2009

１．Business conditions

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

(%)

		Oct.-Dec. 200 8 (previous)	Jan.-Mar. 2009 (present)	Apr.-Jun. 2009 (outlook)	Jul.-Sep. 2009 (outlook)

Corporationswith capital of 1 billion yen or over
	Allindustries	-35.7	-51.3	-24.8	-7.0
	Manufacturing	-44.5	-66.0	-27.0	-4.7	Non-manufacturing	-30.5	-42.6	-23.5	-8.3	Corporationswith capital of 100 million to 1 billion yen	Allindustries	-33.3	-51.3	-32.6	-13.6	Manufacturing	-43.7	-69.1	-32.7	-9.2	Non-manufacturing	-30.0	-45.8	-32.6	-15.0	Corporationswith capital of 10 to 100 million yen	Allindustries	-40.7	-52.9	-34.7	-22.3	Manufacturing	-51.3	-72.4	-38.8	-22.2	Non-manufacturing	-38.5	-48.8	-33.8	-22.3

2．Domestic economic conditions

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

(%)

		Oct.-Dec. 2008 (previous)	Jan.-Mar. 2009 (present)	Apr 2009 (outlook)	Jul.-Sep. 2009 (outlook)
						Corporationswith capital of 1 billion yen or over							Allindustries	-63.8	-74.6	-41.2	-17.5	Manufacturing	-67.8	-78.8	-35.4	-9.5	Non-manufacturing	-61.4	-72.2	-44.6	-22.2	Corporationswith capital of 100 million to 1 billion yen							Allindustries	-65.0	-76.4	-52.5	-28.2	Manufacturing	-66.9	-81.7	-46.0	-17.6	Non-manufacturing	-64.4	-74.7	-54.5	-31.6	Corporationswith capital of 10 to 100 million yen							Allindustries	-66.8	-74.7	-53.4	-35.8	Manufacturing	-68.9	-82.4	-51.9	-27.9	Non-manufacturing	-66.4	-73.1	-53.7	-37.4

3.Sales(compared with the previous year)

(%)

FY 2008	1sthalf FY 2008	2nd half FY 2008	FY 2009	1sthalf FY 2009	2nd half FY 2009
Allindustries	-4.9	2.6	-11.9	-7.3	-13.2	-1.0
Manufacturing	-7.7	3.2	-18.0	-11.0	-19.7	-0.9
Non-manufacturing	-3.6	2.3	-9.1	-5.9	-10.6	-1.0

4.Ordinary profits (compared with the previous year)

(%)

FY 2008	1sthalf FY 2008	2nd half FY 2008	FY 2009	1sthalf FY 2009	2nd half FY 2009
All industries	-41.2	-15.3	-67.7	-10.7	-45.6	56.6
Manufacturing	-63.2	-16.2	-114.7	-27.2	-85.8	*	Non-manufacturing	-24.2	-14.6	-33.5	-6.2	-22.6	12.4

Note *：Can not be compared because of the negative figure in the previous year.

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

(%)

FY 2008	1sthalf FY 2008	2nd half FY 2008	FY 2009	1sthalf FY 2009	2nd half FY 2009
Allindustries	-10.3	-5.9	-14.1	-29.4	-27.7	-31.0
Manufacturing	-7.3	-0.1	-13.5	-37.9	-37.1	-38.8
Non-manufacturing	-12.7	-10.5	-14.6	-22.8	-19.9	-25.6

6.Employment

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

(%)

		Oct.-Dec. 2008 (previous)	Jan.-Mar. 2009 (present)	Apr.-Jun. 2009 (outlook)	Jul.-Sep. 2009 (outlook)

Corporationswith capital of 1 billion yen or over
	Allindustries	2.5	-11.2	-9.6	-3.2
	Manufacturing	-9.6	-31.9	-22.5	-10.6
	Non-manufacturing	9.6	1.2	-1.9	1.2
Corporationswith capital of 100 million to 1 billion yen
	Allindustries	4.8	-10.3	-7.5	-2.9
	Manufacturing	-12.0	-37.4	-24.6	-12.7
	Non-manufacturing	10.0	-1.9	-2.2	0.1
Corporationswith capital of 10 to 100 million yen
	Allindustries	2.4	-7.3	-6.9	-3.5
	Manufacturing	-4.4	-28.3	-22.0	-12.1
	Non-manufacturing	3.8	-3.0	-3.8	-1.8

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