カジノ 無料 ゲーム Updates

カジノ 無料 ゲームiness Conditions for Japanese Companies Operating Overseas(North America)

Mar 26, 2021

Earnings at Japanese companies deteriorated significantly due to the spread of Covid-19.
The U.S. visa issuance restrictions wider effects.

JETRO has conducted a survey on the state of Japanese manufacturers and non-manufactures operating カジノ 無料 ゲームhe U.S. and Canada. The results are summarized below, with corresponding page numbers from the attachment included.

Method Distribution of a questionnaire
Dates September 10-30, 2020
Scope Japanese manufacturers and non-manufactures operating カジノ 無料 ゲームhe U.S. and Canada
1,108 responses (961 カジノ 無料 ゲームhe U.S., 147 in Canada) received from 1,757 surveys sent (1,580 カジノ 無料 ゲームhe U.S., 177 in Canada, response rate: 63.1%)
Topics
  1. Sales Forecast, 2. Future Business Plan,
  2. Effect of the Spreading Coronavirus Disease 2019 (COVID-19),
  3. Challenges in Management, 5. Impact of Changes カジノ 無料 ゲームrade Environment,
  4. Procurement Sources, Manufacturing Ratios, and Sales Destinations by Country or Region
  5. Utilization and Impact of FTAs/EPAs.

Key Points Regarding the Survey Results

  • Earnings at Japanese companies deteriorated significantly due to the spread of Covid-19. Both カジノ 無料 ゲームhe U.S. and Canada, only around 50% of companies expect to generate a profit for 2020, a drastic decrease from the prior year; still, the decline was not as steep as the one seen in 2009, immediately after the financial crisis. The main cause was lower local sales. With restrictions on activities hampering companies’ abilities to develop new customers, they are tapping into virtual exhibitions, e-commerce and other digital tools for marketing and sales.
  • At the same time, the effects of the spread of Covid-19 on supply chains, which had been a concern, turned out to be limited, and companies that were changing procurement sources accounted for just around 10% each カジノ 無料 ゲームhe two countries. As a reason for such changing, more companies cited additional tariffs and higher costs than those citing the spread of Covid-19.
  • Regarding the U.S. visa issuance restrictions (one of the biggest concerns for Japanese companies operating カジノ 無料 ゲームhe U.S.), close to 50% of Japanese companies have been affected, the survey found. Given that this ratio was 35% カジノ 無料 ゲームhe June 2020 survey (respondents: 958 companies), the latest survey shows that wider effects have been felt.

Note 1: The totals カジノ 無料 ゲームhe surveys カジノ 無料 ゲームhis report may not be 100 because the numbers are rounded off to the first decimal point.

Note 2: The rates are calculated based on the numbers of answers collected.

カジノ 無料 ゲームiness Conditions for Japanese Companies Operating Overseas (North America)PDFファイル (4.9MB)

1. Operating Profit Forecast

  • Just 47% of Japanese companies カジノ 無料 ゲームhe U.S. anticipated a profit for 2020, down 19 points from 66% the prior year. The last time this proportion was below 50% カジノ 無料 ゲームhe U.S. was in 2009 (immediately after the financial crisis: 36%). The percentage was low in Canada as well, with only 54% expecting a profit, which represented a decline of 23 points from 77% the prior year. The last time this proportion was below 60% in Canada was in 2009 (52%) [page 15 (U.S.), page 61 (Canada)].
  • A total of 59% of companies カジノ 無料 ゲームhe U.S. see operating profit deteriorating カジノ 無料 ゲームhe year, an increase of 23 points from 36% the prior year. In particular, the ratio of deterioration was substantially high カジノ 無料 ゲームhe Travel/Amusement (94%) and Automobiles etc. (88%) industries. In Canada, 54% of companies see operating profit deterioration, an increase of 20 points from 34% the prior year. カジノ 無料 ゲームerms of year-on-year change in operating profit, about 30% reported “down 10-50%” in both the U.S. and Canada. The Diffusion Index for business sentiment was -42 カジノ 無料 ゲームhe U.S. and -40 in Canada, hitting all-time lows in both countries [pages 17-19 (U.S.), pages 63-64 (Canada)].
  • On the other hand, in both countries, only around 30% of companies カジノ 無料 ゲームhe Food and Information and Communications industries anticipated year-on-year deterioration, with 20-40% of them even seeing improvement, indicating that different industries had different outlooks [page 19 (U.S.), page 64 (Canada)].

Figure 1　Changes in Operating Profit Forecast and DI for Business Sentiment
Among Japanese Companies カジノ 無料 ゲームhe U.S. and Canada

Figure 1 shows the changes in operating profit forecast and DI since 2007 for the U.S. and Canada. The surplus ratio カジノ 無料 ゲームhe U.S. is 78.3%, 61.7%, 35.5%, 70.2%, 67.5%, 73.3%, 79.7%, 82.3%, 81.4%, 77.5%, 74.4%, 74.5%, 66.1%, and 47.1% in order from 2007 to 2020. The DI for business sentiment カジノ 無料 ゲームhe U.S. is 23.9, minus 16.6, minus 41.8, 55.7, 6.6, 29.9, 31.7, 33.4, 27.3, 17.5, 7.9, 17.2, minus 4.6, minus 42.0 in order from 2007 to 2020, with a forecast of 48.2 in 2021. Canada's surplus ratio is 75.8%, 67.0%, 51.5%, 65.2%, 64.2%, 75.9%, 75.4%, 74.4%, 76.0%, 72.3%, 75.3%, 74.8%, 77.1%, and 53.8% in order from 2007 to 2020. The DI for business sentiment in Canada was 8.6, minus 5.1, minus 35.8, 30.5, minus 3.1, 17.8, 14.3, 21.8, 21.5, 16.3, 25.0, 16.8, minus 2.1, minus 39.7 in order from 2007 to 2020, and the forecast for 2021 is 32.2.

2. Future Business Plans

  • Companies considering business “expansion” カジノ 無料 ゲームhe next year or two totaled just 39% カジノ 無料 ゲームhe U.S. and 30% in Canada, a record low for each country. Nonetheless, カジノ 無料 ゲームhe U.S., more than half of the companies in Food (68%) and Chemical/Medicines (54%) said they were considering “expansion” [page 27 (U.S.), page 72 (Canada)].

    Figure 2 Percentage of Companies Considering Business “Expansion” カジノ 無料 ゲームhe Next Year or Two

    Figure 2 shows the percentage of companies considering business
  • Companies planning to change their supply chains (procurement sources, production sites and sales markets) were only about 10% each カジノ 無料 ゲームhe U.S. and Canada. Asked about the reason for changing procurement sources, a majority of the respondents cited “changes カジノ 無料 ゲームrade environment”; among companies カジノ 無料 ゲームhe U.S., many cited changing procurement sources from China to the U.S. or the ASEAN region. With respect to changes in production sites, common plans included changing from the U.S. to Mexico, Japan or elsewhere, with many citing rising costs and difficulty in securing personnel カジノ 無料 ゲームhe U.S. [pages 29-36 (U.S.), pages 73-75 (Canada)].

3. Effects of the Spread of Covid-19 and State of Business Reassessment

  • Asked about the negative effects of the spread of Covid-19 on their operating profits, 90% カジノ 無料 ゲームhe U.S. and 70% in Canada cited “Sales decrease in local markets.” [page 43 (U.S.), page 79 (Canada)].
  • Asked about the expected timing of business returning to normal, those answering the first half or the second half of 2021 each accounted for around 30% in both countries. With respect to the demand environment after normalization, just under 50% in both countries anticipated it to “return to that before the spread of COVID-19”, while a third of the respondents expected “a slight decline.” Meanwhile, about 10% in each country anticipated an increase in demand, with the rates particularly high カジノ 無料 ゲームhe U.S. カジノ 無料 ゲームhe Precision Machines/Medical Equipment (36%) and Rubber/Ceramic/Stone and Clay Products (24%) industries [page 43 (U.S.), page 79 (Canada)].
  • Asked about ways to review business strategies and business models in response to the spread of Covid-19, about 80% in each country cited expansion of the utilization of work from home and teleworking, followed by utilizing virtual exhibitions and online business meetings (40-50%) and streamlining by staff reduction (just under 40%) [page 44 (U.S.), page 80 (Canada)].

Figure 3 Negative Effects of the Spread of Covid-19 on Operating Profit (Multiple Answers)
Among Japanese Companies カジノ 無料 ゲームhe U.S. and Canada

Figure 3 shows only the top negative effects of the spread of Covid-19 on operating profit (multiple answers) カジノ 無料 ゲームhe U.S. and Canada, with a maximum of three responses allowed per company. カジノ 無料 ゲームhe U.S., a total of 496 companies responded, with 90.1% citing

(Note) Up to 3 answers allowed per respondent. Only the most common items listed.

4. Management Challenges

  • Asked about management challenges, sales and marketing challenges were cited often, with over 40% of respondents in both the U.S. and Canada answering “Slow development of new customers” and “Decrease of orders from business partners.” The restrictions on business travel and meetings, stay-at-home guidelines and operation restrictions amid the spread of Covid-19 apparently dealt a blow. カジノ 無料 ゲームhe U.S., these were followed by “Increase in wages of employees” and “Quality of employees” and other employment and labor challenges (nearly 40%) [page 45 (U.S.), page 81 (Canada)].
  • As countermeasures for management challenges, カジノ 無料 ゲームhe U.S., development of high added-value products and other ways to “Differentiation from competing products” and expansion of e-commerce and other steps toward the “Review and strengthening of sales methods” were each cited by over 40% of respondents. In Canada, “Review and strengthening of sales method” and “Enhancing internal communication” were the top answers [page 46 (U.S.), page 82 (Canada)].

    Figure4 Management Challenges (Multiple Answers)

    Figure 4 shows only the top management challenges (multiple answers) カジノ 無料 ゲームhe U.S. and Canada. カジノ 無料 ゲームhe U.S., a total of 927 companies responded, with 46% citing “slow development of new customers,” 41.7% citing “decrease of orders from business partners,” 38.6% citing “increase in wages of employees,” 38.1% citing “quality of employees,” 37.2% citing “sluggish sales in major markets (low consumer spending),” 30.9% citing “difficulty in recruiting workforce (general staff),” 25.9% citing “difficulty in recruiting workforce (engineers),” 24.8% citing “obtaining visas for expatriates and foreign workers,” 24.1% citing “rising procurement costs,” 23.9% citing “retention rate of employees,

    (Note) This chart lists only the top items.

    Figure5 Countermeasures for Management Challenges (Multiple Answers)

    Figure 5 shows only the top countermeasures for management challenges (multiple answers) カジノ 無料 ゲームhe U.S. and Canada. カジノ 無料 ゲームhe U.S., a total of 631 companies responded, with 42.3% citing “Differentiation from competing products,” 41.8% citing “Review and strengthening of sales method,” 35.5% citing “Enhancing internal communication,” 35.1% citing “Reducing expenses other than payroll,” 34.8% citing “Development of new products,” 33.7% citing “Introducing remote work and web conferences,” 28.4% citing “Compliance with various regulations,” 27.0% citing “Improving the work environment (enhancing benefits, etc.),” 25.6% citing “Increasing wages,” 25.2% citing “Reviewing prices of products (or services),” 24.6% citing “Reviewing suppliers of materials/parts and procured contents,” 22.2% citing “Encouraging automation and labor reduction,” 20.8% citing “Reviewing medical insurance policy,” 20.7% citing “Strengthening customer service,” 19.3% citing “Review of production and supply system,” 18.8% citing “Enhanced security,” 17.0% citing “Reviewing delivery contracts and delivery methods,” 16.4% citing “Utilizing advertisements and SNS,” and 16% citing “Encouraging recruitment of local staff.” In Canada, a total of 136 companies responded, with 28.7% citing “Differentiation from competing products,” 45.6% citing “Review and strengthening of sales method,” 33.8% citing “Enhancing internal communication,” 27.2% citing “Reducing expenses other than payroll,” 30.1% “Development of new products,” 30.9% citing “Introducing remote work and web conferences,” 28.7% citing “Compliance with various regulations,” 25.0% citing “Improving the work environment (enhancing benefits, etc.),” 16.9% citing “Increasing wages,” 27.2% citing “Reviewing prices of products (or services),” 12.5% citing “Reviewing suppliers of materials/parts and procured contents,” 16.9% citing “Encouraging automation and labor reduction,” 5.1% citing “Reviewing medical insurance policy,” 25.0% citing “Strengthening customer service,” 10.3% citing “Review of production and supply system,” 10.3% citing “Enhanced security,” 19.9% citing “Reviewing delivery contracts and delivery methods,” 14.0% citing “Utilizing advertisements and SNS,” and 14.0% citing “Encouraging recruitment of local staff.”

    (Note) This chart lists only the top items

  • In response to the spread of Covid-19, the Trump administration restricted issuances of certain visas. Visas issuance suspension, delay and denial have had “Some impact” on 35% of Japanese companies カジノ 無料 ゲームhe U.S. while “A serious impact” on about 10%. The percentage of companies being affected is up 10.2 points from the prior year’s survey (35.1%) and the Quick Survey Concerning Countermeasures for the Spread of Covid-19 (35.1%) conducted in June 2020. Asked about specific issues, more than 60% stated “We cannot conduct staff reshuffling or reassignment.” highlighting the difficulty in responding to this challenge. Among the types of visas being affected, about 60% answered L-1 Visa (Intra-company Transferee) and about 30% said E-2 Visa (Treaty Investor) [page 47].

Figure6 Impact of Suspension, Delay and Denial of Issuance of U.S. Visas

Figure 6 shows impact of suspension, delay and denial of issuance of U.S. visas as of November 2019, June 2020, and September 2020, respectively. In November 2019, a total of 650 companies responded, with 9.1% citing “A serious impact,カジノ 無料 ゲームdquo; 26.0% citing “Some impact,カジノ 無料 ゲームdquo; 64.8% citing “No impact,カジノ 無料 ゲームdquo; and 0.2% citing “Not sure, other.カジノ 無料 ゲームdquo; In June 2020, a total of 958 companies responded, with 13% citing “A serious impact,カジノ 無料 ゲームdquo; 22.1% citing “Some impact,カジノ 無料 ゲームdquo; 51.1% citing “No impact,カジノ 無料 ゲームdquo; and 13.7% citing “Not sure, other.カジノ 無料 ゲームdquo; In September 2020, a total of 955 companies responded, with 10.6% citing “A serious impact,カジノ 無料 ゲームdquo; 34.7% citing “Some impact,カジノ 無料 ゲームdquo; 48.9% citing “No impact,カジノ 無料 ゲームdquo; and 5.9% citing “Not sure, other.カジノ 無料 ゲームdquo;

5. How Changes カジノ 無料 ゲームrade Environment Affect Earnings

  • Regarding how changes カジノ 無料 ゲームrade environment are affecting their 2020 earnings, 38% カジノ 無料 ゲームhe U.S. answered “Have no impact.” Meanwhile, 36% answered “Have a negative impact overall,” and when combined with the 6% that answered “Have positive and negative impacts to the same degree,” 42% were affected negatively. In Canada, 50% answered “Have no impact” and 23% said “Do not know,” while just 20% answered “Have a negative impact overall” [page 50 (U.S.), page 83 (Canada)].
  • Asked about specific policies having negative effects, 57% カジノ 無料 ゲームhe U.S. cited “Additional tariffs imposed on Chinese products based on Section 301 of the U.S. Trade Act”, while 33% in Canada said “Additional tariffs of the U.S. imposed on steel and aluminum” [page 51 (U.S.), page 84 (Canada)].
  • As for countermeasures for changes カジノ 無料 ゲームrade environment, common answers both カジノ 無料 ゲームhe U.S. and Canada were “Strengthening of the system for gathering information” and “Effort at absorbing cost by improving productivity/efficiency” [page 52 (U.S.), page 85 (Canada)].

Figure 7 How Changes カジノ 無料 ゲームrade Environment Affect 2020 Earnings

Figure 7 shows how changes カジノ 無料 ゲームrade environment affect 2020 earnings カジノ 無料 ゲームhe U.S. and Canada. カジノ 無料 ゲームhe U.S., a total of 898 companies responded, with 36.3% citing “Have a negative impact overall,” 5.7% citing “Have positive and negative impacts to the same degree,” 3.8% citing “Have a positive impact overall,” 37.8% citing “Have no impact,” 15.9% citing “Do not know,” and 0.6% citing “Other.” In Canada, a total of 137 companies responded, with 20.4% citing “Have a negative impact overall,” 4.4% citing “Have positive and negative impacts to the same degree,” 2.2% citing “Have a positive impact overall,” 49.6% citing “Have no impact,” 23.4% citing “Do not know,” and 0% citing “Other.”

Figure 8 Specific Policies Having Negative Effects (Multiple Answers)

Figure 8 shows specific policies having negative effects (multiple answers) カジノ 無料 ゲームhe U.S. and Canada. カジノ 無料 ゲームhe U.S., a total of 316 companies responded, with 57.3% citing “Additional tariffs imposed on Chinese products based on Section 301 of the US Trade Act,” 28.5% citing “Retaliatory tariffs by China toward the U.S. in response to additional tariffs imposed by Section 301 of the Trade Act of 1974,” 24.4% citing “Additional tariffs of the U.S. imposed on steel and aluminum (Section 232 of the Trade Expansion Act of 1962),” 11.4% citing “Export control and strengthening regulations on investment by the US government,” 3.5% citing “Retaliatory tariffs of countries/regions against additional tariffs of the U.S. imposed on steel and aluminum,” 2.8% citing “Other,” and 7.9% citing “Do not know.” In Canada, a total of 27 companies responded, with 22.2% citing “Additional tariffs imposed on Chinese products based on Section 301 of the US Trade Act,” 7.4% citing “Retaliatory tariffs by China toward the U.S. in response to additional tariffs imposed by Section 301 of the Trade Act of 1974,” 33.3% citing “Additional tariffs of the U.S. imposed on steel and aluminum (Section 232 of the Trade Expansion Act of 1962),” 14.8% citing “Export control and strengthening regulations on investment by the US government,” 14.8% citing “Retaliatory tariffs of countries/regions against additional tariffs of the U.S. imposed on steel and aluminum,” 18.5% citing “Other,” and 22.2% citing “Do not know.”

Japan External Trade Organization (JETRO) Americas Division, Overseas Department
(Representatives: Mari Fujii, Takashi Nakamizo, Hiroyuki Kaino and Mako Otsuka)
Tel: +81-3-3582-5545