---
source: Cabinet Office (Economic and Social Research Institute), Government of Japan
url: https://www.esri.cao.go.jp/en/stat/hojin/r7hojin/260103yosoku-e.html
document_type: html+csv
date_retrieved: 2026-03-15
period: Q1 2026 (January-March 2026)
parent_publication: Business Outlook Survey
indicators_covered: [Business Survey Index Large Manufacturing Firms]
alternate_urls:
  - https://www.esri.cao.go.jp/en/stat/hojin/r7hojin/260103yosoku00-e.html
  - https://www.esri.cao.go.jp/en/stat/hojin/r7hojin/260103yosoku11-e.csv
---

# Business Outlook Survey (Summary), January-March 2026

## Release information

- **Release date:** 12th March 2026
- **Compiling institutions:** Economic and Social Research Institute, Cabinet Office; Policy Research Institute, Ministry of Finance
- **Survey coverage (as stated):** business enterprises that establish their headquarters or principal offices in Japan and have capital stock 10 million yen or more.

## Summary page text

"This survey was conducted on February 15th, using 11,077 business enterprises from a sample of 14,254. This response rate is 77.7 percent."

The summary page provides the following table groups:

- BSI
  - (Table 1-1) BSI on business conditions
  - (Table 1-2) BSI on general domestic economic conditions
- Sales and Profit
  - (Table 2-1) Sales by Industry
  - (Table 2-2) Current profit by Industry
- Investments
  - (Table 3-1) Investments (including land) by Industry
  - (Table 3-2) Investments (excluding land) by Industry
  - (Table 3-3) Investments (Software) by Industry

## Details page text (response rate section)

The details page states:

- All industries response rate: **77.7**
- Large enterprises response rate: **85.5**
- Medium-sized enterprises response rate: **73.9**
- Small enterprises response rate: **74.6**
- Manufacturing response rate: **82.7**
- Non-manufacturing response rate: **75.6**

## Table 1-1 (CSV) — BSI on business conditions

### Manufacturing — BSI (% points)

| Enterprise size | Jan.-Mar. 2026 | Apr.-Jun. 2026 (forecast) | Jul.-Sep. 2026 (forecast) |
|---|---:|---:|---:|
| Large Enterprises | 3.8 | 0.7 | 6.3 |
| Medium-sized Enterprises | -5.9 | 0.1 | 4.9 |
| Small Enterprises | -18.3 | -1.2 | 0.3 |

### Notes from source

- Files are in CSV format, and the source notes that figure `[-0]` is represented as `[0]`.
- Symbols used in the source tables include: `*` (returning to profit), `-*` (falling to deficit), `--` (expansion of deficit), `-` (reduction of deficit), `****` (1000% or more).

## Verification markers for event mapping

- Indicator phrase match: **"BSI on business conditions"** under Business Outlook Survey.
- Target metric row match: **Manufacturing, BSI, Large Enterprises = 3.8**.
- Payload number presence in the source CSV: **3.8**, **4.7**, **5.5**.
- Release timing match: source release is dated **12 March 2026 (JST)**, consistent with event timestamp proximity.