Japan's Business Failures in September 2016
(Released by TEIKOKU DATABANK, LTD.)
There were 622 bankruptcies, marking the second consecutive month of year-on-year increase.
Liabilities totaled 93,140 million yen, marking the lowest value since 2000.
| Bankruptcies |
622 |
| Year-to-Year basis |
＋2.1％ |
| Last Year same month |
609 |
| Month-to-month basis |
▲9.6％ |
| Last month |
688 |
| Liabilities |
93,140 million yen |
| Year-to-Year basis |
▲53.9％ |
| Last Year same month |
202,169 million yen |
| Month-to-month basis |
▲29.3％ |
| Last month |
131,777 million yen |
Highlight and Outstanding Feature
- ■There were 609 bankruptcies, marking a 2.1% year-on-year increase. Despite this being the second consecutive month of an increase compared with the same month of the previous year, it was a decrease compared with the previous month for three consecutive months, recording the lowest in 2016. Liabilities totaled 93,140 million yen, making a decrease of 29.3% from the previous month, and a large 53.9% year-on-year decrease. This was the first time in three months that there was a year-on-year decrease, and it was the lowest figure since 2000.
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. Of these, the four industries of the construction industry (115 bankruptcies, up 11.7% year-on-year), wholesale industry (91, up 3.4% year-on-year), retail (141 bankruptcies, up 2.2%), and real estate industry (22 bankruptcies, up 37.5%) saw year-on-year increases for two consecutive months. On the other hand, the manufacturing industry (72 bankruptcies, down 15.3%) saw a year-on-year decrease for nine consecutive months, recording the lowest figure since 2000.
- ■In terms of primary cause, recession-induced bankruptcies comprised 84.2% (down 1.2 points).
- ■Bankruptcies totaling less than 50 million yen numbered 365 (up 1.4% year-on-year) and comprised 58.7% of all bankruptcies (down 0.4 points year-on-year), with small-scale bankruptcies as ever making up the majority. By capitalization, the sum of bankruptcies of self-operated companies and those with capital of less than 10 million yen numbered 392 (up 7.7%) and comprised 63.0% of the total.
- ■By region, five of nine regions experienced year-on-year increases, including Tohoku and Kinki. Of them, the two regions of Chubu and Chugoku saw a year-on-year increase for the third consecutive month. On the other hand, four regions experienced year-on-year decreases, including Hokkaido, Hokuriku and Shikoku. Shikoku recorded the lowest number since 2000.
- ■The largest amount of liabilities was posted by Izu Gold Co., Ltd. (Tokyo, special liquidation) with liabilities of 10,012 million yen. Following behind were Ikeshima Urban Mine Co., Ltd. (Nagasaki, bankruptcy) with liabilities of 4,087 million yen, Nishi Assets Co., Ltd. (Mie, bankruptcy) with 2,930 million yen, and Showa Leasing Co., Ltd. (Tokyo, bankruptcy) with liabilities of 2,800 million yen.
Bankruptcy Information TOP