MenuClose

  • JP
  • SearchClose
Home
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Press Releases
Press Releases

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

FY2021 JBIC Survey (the 33rd) Report on Overseas Business Operations by Japanese Manufacturing Companies

  • Region: Others
  • Others
December 24, 2021
  1. The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) released today the results of the FY2021 Survey on Overseas Business Operations by Japanese Manufacturing Companies. The survey was conducted by sending questionnaires to 965 companies in July 2021, and the completed questionnaires were returned through October 2021. A total of 515 companies returned valid responses, putting the response rate at 53.4%. The objective of the survey was to grasp the current situation, challenges, and outlook for overseas business development by Japanese manufacturing companies with a track record in overseas business operations. The survey is the 33rd of an annual series that began in 1989. (Please click here for the full report.)
      
  2. In the FY2021 survey, in addition to the regular themes of “overseas business performance,” “business prospects,” and “promising countries/regions,” we also surveyed the individual themes of “medium-term prospects for supply chains,” “initiatives for digital transformation,” and “initiatives for decarbonization.”
      
  3. A summary of the survey results is as follows.
    (1) Japanese manufacturers are under logistic/semiconductor disruption, and the impact is likely to be prolonged
    This year's survey was conducted during several difficulties, such as a semiconductor shortage and tight logistics, in addition to the worldwide COVID-19 pandemic waves. The overseas production ratio in FY2020 remained low at 33%, and the medium-term prospects are staying at the same level at 35%, meaning the recovery to the pre-COVID-19 level seems to be postponed. Unlike the financial crisis of 2008, the survey indicates that the impact of COVID-19 and its aftermath are beginning to show prolonged effects.
     
    (2) Promising countries/regions: China remains at the top, and the U.S. rises to third for the first time in almost 20 years
    China remained the top as a promising destination country for the next three years. India and ASEAN, which had been severely affected by restrictions due to COVID-19 at the time of the survey, lost votes. In the meantime, the U.S. rose to third place with votes from a wide range of industries, and Taiwan also ranked among the top 10 countries for the first time in a decade. Given that India has the lowest share since 2005 and that the U.S. moved upwards to third, whether the U.S. will overtake India will draw attention in the next survey.
     
    (3) Supply chains: Logistic disruption is the biggest risk, and semiconductor shortage affects all industries
    In terms of external shocks to supply chains, "disruption and pressure on logistics" had the most votes, followed by "diseases (including the COVID-19 pandemic)." Regarding the global semiconductor shortage, it has a negative impact on all industries, but a small number from a wide range of industries received a positive impact on their businesses, indicating the broad base of the Japanese semiconductor manufacturing industry. As for the decoupling between the U.S. and China, many of the companies are trying to balance between both countries, as was the case last year.
     
    (4) DX: Half of the companies are working on and expanding the scope of their collaboration to overseas
    Regarding digital transformation (DX), half of the companies is advancing in their adoption and the other half has not yet started, and none was retreating from DX. The leading areas of DX adoption by advanced companies are the manufacturing and development sectors, including remote control of manufacturing equipment and robots, 3D printers, and the use of virtual space in R&D. In addition, advanced companies are likely to collaborate outside to promote transformation, especially with overseas companies and research institutions including startups, and some are importing overseas best practices back into Japan.
     
    (5) Decarbonization: Companies are aware of their business impact and focusing on emissions in supply chains
    Regarding the climate change issue, approximately 80% of the respondents expect decarbonization to have an impact on their businesses. The impact includes not only negative aspects such as higher manufacturing costs, but also positive aspects such as the development of new products and increased demand for their products. As for the emission sources, it is also found that many companies consider not only their own factories but also other sources of emissions in the supply chains to be important. The manufacturing industry has detailed data and an understanding of the processes from procurement to delivery through cost reduction efforts, which is an advantage to tackle the difficulty of identifying and measuring emission sources in their supply chains.
      
  4. Additionally, big data of 40 million news articles from around the world was analyzed with text mining techniques in connection with the themes of the survey. The analysis can be a useful source to better understand the results of the survey.
      
  5. Based on the results of the survey, JBIC will continue to support Japanese companies facing international competition in their overseas business development, while holding dialogue with governments and relevant authorities to improve the investment environment in each country and region.
     
     Attachment 1: Promising Countries for Overseas Business over the Mid-term (Next 3 Years) 
     
     Attachment 2: Trends in Overseas Production Sales Ratios (FY2001 onwards, all industries)
      

Search press releases

Fiscal Years
Sectors
Region
Finance Menu