March 3, 2010
The total amount of profits that Japan’s top 20 companies accumulated in internal reserves late last year reached about 53.5 trillion yen, up about 1.1 trillion yen from March 2009.
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2010 March 3 - 9 [ECONOMY]
Large corporations amass 1.1 trillion yen in internal reserves in 9 months |
Toyota alone amassed about 11.46 trillion yen of profits as internal reserves. So, only major companies were able to increase internal reserves.
About 1.1 trillion yen of the top 20 companies’ accumulated profits is equivalent to the total wages of 230,000 workers with annual incomes of five million yen.
Large enterprises increased their internal reserves by replacing full-time workers with contingent workers, cutting workers’ wages, and reducing the unit-price of parts produced by small- and medium-sized subcontractors.
The Japanese Communist Party demands that major corporations use part of their excessive internal reserves to secure employment and to protect small- and medium-sized enterprises from facing bankruptcy.
- Akahata, March 3, 2010
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