TOKYO, July 15 (Reuters) – Roughly two-thirds of Japanese companies are passing on higher raw material costs to their customers.
clients, or are intending to do so, as rising global commodities markets drive up import costs and put downward pressure on the bottom line.
According to a Reuters poll, lines are forming amid the COVID-19 pandemic.
The questions and answers from Reuters’ June 30-July 9 Corporate Survey are listed below.
Nikkei Research is a Japanese company that does research. The percentages are used to represent the answers. The totals for the poll and responses are in absolute terms. Approximately 240
The poll received responses from non-financial businesses.
1. Rising global commodity prices are driving up the cost of raw materials for Japanese businesses. Are you capable of?
Increase selling prices to pass on increasing commodity costs to customers? (Select one)
Yes, but I intend to. No, polled respondents responded.
503 241
Manufacturers 12 percent 56 percent 32 percent 252 130 Manufacturers 12 percent 56 percent 32 percent Manufacturers 12 percent 56 percent 32 percent Manufacturers
Non-manufacturers accounted for 18 percent, 33 percent, and 49 percent of the total 251 111.
2. What do you expect to happen to the prices of your primary goods and services in the second half of the year? (Pick
one)
Polled Replied: “Rise a lot” “Rise somewhat” “Rise a lot” “Rise a lot” “Rise a lot” “Ris
6 percent of the population 39 percent of the population 52 percent of the population 3 percent of the population 0 percent of the population 503 243
7 % 44 % 47 % 3 % 0 % 252 131 Manufacturers
Non-manufacturers 4% 33.5% 59.5% 0% 251 112
3. Do you think rising commodity prices will have an impact on your earnings this fiscal year?
Yes, No, No, No, No, No, No, No, No, No, No
503 247 (67%)
Manufacturers 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%
Non-manufacturers (non-manufacturers) (non-manufacturers) (non-manufacturers)
4. In Japan, corporate governance is being closely scrutinized. Have you received any proposals for your company?
activists’ management policy? (Select one)
Quite a bit More or less Not at all Not at all Not at all Not at all Not at all Not at all Not at all Not at all Not at all Not at all Not at all Not at
All 2% of the population 14 percent of the population 20 percent of the population 64 percent of the population 503 249
3 % 14 % 23 % 61 % 252 133 Manufacturers
2 % 15 % 16 % 67 % 251 116 Non-manufacturers
5. How did you react to the activists’ proposals? (Select one)
Tendency to accept Tendency to reject Considering Polled Replied
proposals in the form that they are currently proposals
All 8 percent (31 percent) (61 percent) (503) 85 percent (503) 85 percent (503) 85 percent (503)
6 % 28 % 66 % 252 50 % Manufacturers
Non-manufacturers accounted for 11% of the total, 34 percent of the total, and 54 percent of the total 251 35.
6. What impact do you believe activists will have on Japanese corporate management? (Select one)
Neither polled group responded positively or negatively.
All (17%), 27%, 56%, 503 246
14 % 25 % 61 % 252 132 Manufacturers
Non-manufacturers (non-manufacturers) 20 percent 30 percent 50 percent 251 114
7. When it comes to fund-raising, sales, and the economy, how do extended ultra-low borrowing rates influence your business?
taken into consideration
Polled Participants Responded Positively or Negatively
503 237 (72%)
Manufacturers have a 67 percent to 33 percent share of the market, with 252 124 employees.
Non-manufacturers (78%) and non-manufacturers (22%) accounted for 251 113.
8. How long should the Bank of Japan’s present policy of monetary easing be maintained? (Select one)
End with another until only 2% of those polled have responded.
Inflation is reached in 1-2 years, 3-4 years, and 5 years.
All 6% (39%) (26%) (29%) (503) (235)
Manufacturers 7 percent 50 percent 24 percent 20 percent 252 123 Manufacturers 7 percent 50 percent 24 percent 20 percent Manufacturers 7 percent 50 percent Manufacturers 7 percent 50
Non-manufacturers 6% 28.3% 28.3% 38.3% 251112
(Tetsushi Kajimoto contributed reporting, and Christopher Cushing edited the piece.)/n
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