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Survey on Corporate Attitudes towards Financial Outlook for Fiscal Year 2010
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33.5% of companies revise down financial outlook
-- Domestic demand” is the majority’s future concern, and 40% fear “foreign exchange” and “domestic politics --
Introduction
At the beginning of 2010, with expansion of foreign demands in emerging companies and the U.S. and Europe, along with the home electronics eco-point system and the eco-car tax cuts and subsidy, the Japanese economy was on a track to recovery. However, in addition to uncertainty about the future of the U.S. and European economies and sharp appreciation of the yen since June, economy-supporting factors, including the eco-car subsidy (expired on September 7) ended in succession. This made slowdown in domestic economy become clear.
Teikoku Databank conducted a survey on the revision on financial outlook of fiscal year 2010.
Research Period: September 16 to 30, 2010
Research Subject: 22,707 corporations across the nation
Valid Responses: 11,349 (response rate 50.0%)
Results of the Research
One out of every three companies makes “downward revision” to sales and ordinary profit in financial outlook for fiscal year 2010
With regard to business performance and outlook for fiscal year 2010 (from the fiscal year ended April 2010 through the fiscal year ending March 2011), the survey asked whether or not any revision was to be made to the full year’s outlook (actual results) when compared to the outlook prepared at the beginning of fiscal year 2010.
Survey on Corporate Attitudes towards Financial Outlook for Fiscal Year 2010
 
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