Japan's Business Failures in March 2016
(Released by TEIKOKU DATABANK, LTD.)
There were 739 bankruptcies, marking the first year-on-year decrease in two months.
Liabilities totaled 156,793 million yen, the third consecutive month of year-on-year decrease.
| Bankruptcies |
739 |
| Year-to-Year basis |
▲12.8％ |
| Last Year same month |
847 |
| Month-to-month basis |
+12.7％ |
| Last month |
656 |
| Liabilities |
156,793 million yen |
| Year-to-Year basis |
▲30.0％ |
| Last Year same month |
224,047 million yen |
| Month-to-month basis |
+1.0％ |
| Last month |
155,168 million yen |
Highlight and Outstanding Feature
- ■There were 739 bankruptcies, marking a year-on-year decrease of 12.8%, the first decrease in two months and the fourth-lowest level for March since 2000. Liabilities totaled 156,793 million yen, a year-on-year decrease of 30.0% and the third consecutive month of such decrease.
- ■By industry, the number of bankruptcies decreased year-on-year in all seven industries. Of these, two industries, the transportation/telecommunication and real estate industries, marked large double digit decreases of greater than 30%. Additionally, the construction industry (144 bankruptcies, down 7.7% year-on-year), which had year-on-year increases for two consecutive months, marked the first decrease in three months.
- ■In terms of primary cause, recession-induced bankruptcies numbered 615, down 9.7% year-on-year.
- ■Bankruptcies totaling less than 50 million yen numbered 397 (down 10.4% year-on-year) and comprised 53.7% of the total. By capitalization, those with capital of 100 million yen or higher comprised 1.5% of the total, marking the first span of three months of consecutive increase in six years and 11 months.
- ■By region, eight of nine regions experienced year-on-year declines. Of these, six regions marked double-digit year-on-year decreases, including Shikoku (13 bankruptcies), which experienced a large year-on-year decrease of 48.0%, and Hokkaido (22 bankruptcies, down 26.7%), However, Chugoku (37 bankruptcies, up 5.7%) was the only region marking a year-on-year increase.
- ■There were no bankruptcies of listed companies.
- ■The largest amount of liabilities was posted by Kankyu Real Estate Co., Ltd. (Osaka, bankruptcy) with liabilities of 14,000 million yen. Following was Nisshoku Co., Ltd. (Osaka, bankruptcy).
Bankruptcy Information TOP