yen  15 10  20  y/y % chg. Average from FY 2004 through 2019 FY 2021  5  15  FY 2019  0 FY 2020 -5  10 Current profits  -10  FY 2009 (After the GFC)  5 -15  0 CY 07  09  11  13  15  17  19  -20 Mar.
June  Sept.  Dec.  Forecast  Actual  Notes: 1. In the left-hand chart, figures are based on the "Financial Statements Statistics of Corporations by Industry, Quarterly." Excluding "finance and insurance." Figures from 2009/Q2 onward exclude "pure holding companies." 2. In the right-hand chart, figures are for all industries and enterprises.