yen  Ratio of current profits to sales (all industries and enterprises, left scale) Private nonresidential investment (SNA, real, right scale)  95 90  y/y % chg.  20  ▼R&D investment FY 2017 ＋ 2.9 y/y % chg.  15  2018 ＋ 3.3  Business fixed investment (including land purchasing expenses)  10  85 5  5 80  0  4 75  -5  3 70  2  65  1  0 60 CY 05 06 07 08 09 10 11 12 13 14 15 16 17 18  -10 -15 -20 FY 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17  Notes: 1.
Figures for ratio of current profits to sales are based on the Financial Statements Statistics of Corporations by Industry, Quarterly (from 2009/Q2 exclude "pure holding companies"). Excluding "finance and insurance." Notes: 2. Figures for business fixed investment (including land purchasing expenses) and R&D investment are based on the plans as of September Tankan in each fiscal year (all enterprises).