Japan's Business Failures in December 2016
(Released by TEIKOKU DATABANK, LTD.)
There were 654 bankruptcies, marking the third consecutive month of year-on-year decrease.
Liabilities totaled 171,327 million yen, marking the first year-on-year decrease in three months.
|Last Year same month
||171,327 million yen
|Last Year same month
||385,593 million yen
||582,842 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■There were 654 bankruptcies, marking a decrease of 3.0% from the previous month and a year-on-year decrease of 5.8%. Compared with the same month of the previous year, this number was down for the third consecutive month, and the decrease continued to be in the one-digit range.
- ■Liabilities totaled 171,727 million yen, marking a decrease of 70.6% over the previous month and a year-on-year decrease of 55.6%; it was the first time in three months that there was a decrease compared with the same month of the previous year. Further, December saw the second-largest level of debt in 2016 after November (582,842 million yen).
- ■By industry, the number of bankruptcies decreased year-on-year in five of seven industries. Among them, compared with the same month of the previous year, bankruptcies in the construction industry (128, down 0.8% from the previous year) decreased for the third consecutive month, and those in the real estate industry (20, down 33.3%) fell for the second consecutive month. In addition, bankruptcies in the service industry (137, down 8.1%) dropped below the same month of the previous year for the first time in four months.
- ■In terms of primary cause, recession-induced bankruptcies numbered 545, (down 2.2% from the same month of the previous year), and accounted for 83.3% of the total.
- ■There were 13 China risk-related bankruptcies (up 160.0% compared with the same month of the previous year).
- ■There was a total of 37 post-moratorium bankruptcies (down 7.5% compared with the same month of the previous year), marking the second consecutive month of such decrease.
- ■By scale, there were 369 bankruptcies with liabilities of less than 50 million yen. These made up 56.4% of all bankruptcies, and as ever the trend in which small-scale bankruptcies account for the majority continued.
- ■By region, five of nine regions experienced decreases compared with the same month of the previous year. Of these, the number in Shikoku (5 bankruptcies, down 68.8% year-on-year) was significantly lower than the same month of the previous year.
- ■The top level of debt was 46,592 million yen, held by IS Co., Ltd. (Hiroshima, bankruptcy).