2 April 2001, 18:58  BoJ/March Tankan -- 3 (profit/revenue forecasts)

The Tankan showed that combined year to March 2001 parent pretax profit across all industries is forecast to rise 11 pct, compared with the 14.9 pct gain forecast in the December survey.
At large manufacturers, aggregate profits are forecast to rise 25.3 pct in the year to March, compared with a 29.5 pct rise seen in the December report, with non-manufacturers to rise 3.3 pct compared with 5.2 pct.
The bank provided a breakdown of profit forecasts for the year to March 2001 compared with the estimates for the same period made in the September report:

All industries - up 11.0 pct vs 14.9 pct rise
Large manufacturers - up 25.3 pct vs 29.5 pct rise
Large non-manufacturers - up 3.3 pct vs 5.2 pct rise
Mid-sized manufacturers - up 27.3 pct vs 27.5 pct rise
Mid-sized non-manufacturers - up 2.9 pct vs 10.7 pct rise
Small manufacturers - up 16.5 pct vs 22.4 pct rise
Small non-manufacturers - up 0.8 pct vs 4.7 pct rise

The Tankan also provided following pretax profit estimates provided by the surveyed firms for the year to March 2002:
All industries - up 8.7 pct
Large manufacturers - up 3.6 pct
Large non-manufacturers - up 5.2 pct
Mid-sized manufacturers - up 6.6 pct
Mid-sized non-manufacturer - up 20.3 pct
Small manufacturers - up 12.2 pct
Small non-manufacturers - up 11.9 pct

The bank provided a breakdown of revenue forecasts for the year to March 2001 compared with those for the same period made in theDecember report:
All industries - up 2.5 pct vs 2.7 pct rise
Large manufacturers - up 4.1 pct vs 4.7 pct rise
Large non-manufacturers - up 3.2 pct vs 2.0 pct rise
Mid-sized manufacturers - up 3.9 pct vs 4.9 pct rise
Mid-sized non-manufacturers - up 1.7 pct vs 3.5 pct rise
Small manufacturers - up 2.4 pct vs 3.1 pct rise
Small non-manufacturers - up 0.1 pct vs 0.4 pct fall

The Tankan also provided following revenue estimates provided by the surveyed firms for the year to March 2002:
All industries - up 1.6 pct
Large manufacturers - up 2.0 pct
Large non-manufacturers - up 1.0 pct
Mid-sized manufacturers - up 1.9 pct
Mid-sized non-manufacturer - up 3.0 pct
Small manufacturers - up 0.4 pct
Small non-manufacturers - up 0.2 pct

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