Sales of domestic companies from April to June Decline after the Lehman shock

Sales of domestic companies from April to June Decline after the Lehman shock 11:13 on September 1

This year, domestic companies' sales from April to June fell 17.7% from the same period last year, the second largest decrease since January to March 2009 after the Lehman shock. However, it was found by the Ministry of Finance statistical survey of corporations.

This is a form that reflects the stagnation of economic activity due to the spread of new coronavirus infection.

The Ministry of Finance conducted a statistical survey of corporations every three months on approximately 30,000 companies with a capital of 10 million yen or more, and this time, more than 22,000 companies, or 69.4%, responded.

Of this amount, the sales of companies excluding finance and insurance from April to June amounted to 284,676.9 billion yen, down 17.7% from the same period last year.

This is the second largest decrease since January-March 2009 after the Lehman shock.

Ordinary income also fell sharply, 46.6% below the same period last year.

This is due to the fact that automobile sales fell worldwide due to the spread of infections, and the number of customers decreased mainly in lodging and eating services due to the restraint of going out in Japan.

In addition, corporate capital investment has spread over many industries, dropping by 11.3% from the same period last year.

There is a widespread movement among companies to secure working capital for the time being, and short-term debt with a repayment period of one year or less increased by 20.8% from the same period last year, increasing for the first time in about 25 years.

The Treasury says it "reflects a very tough overall economy trend."