Japan's Business Failures in April 2017
(Released by TEIKOKU DATABANK, LTD.)
There were 650 bankruptcies, marking the third consecutive month of year-on-year increase.
Liabilities totaled 91,514 million yen, marking the lowest value since 2000.
| Bankruptcies |
650 |
| Year-to-Year basis |
＋1.2％ |
| Last Year same month |
642 |
| Month-to-month basis |
▲19.5％ |
| Last month |
807 |
| Liabilities |
91,514 million yen |
| Year-to-Year basis |
▲20.0％ |
| Last Year same month |
114,368 million yen |
| Month-to-month basis |
▲46.0％ |
| Last month |
169,585 million yen |
Highlight and Outstanding Feature
- ■There were 650 bankruptcies, marking a slight year-on-year increase of 1.2% and exceeding the same month of the previous year for the third consecutive month. This was the first time in 7 years and 8 months, since the period of June 2008 to August 2009 (15 consecutive months), that the year-on-year figure increased for three or more consecutive months. Total liabilities were 91,514 million yen, a decrease of 46.0% from the previous month and down 20.0% compared with the same month of the previous year, the smallest figure recorded since 2000.
- ■By industry, the number of bankruptcies increased year on year in four of seven industries. Of these, the number of bankruptcies increased for the second consecutive month in the three industries of the retail industry (147 bankruptcies, up 8.1% year-on-year), the construction industry (116, up 5.5%) and the transportation and communication industry (23, up 4.5%). Meanwhile, the number exceeded the same month of the previous year for the first time in two months in the wholesale industry (114 bankruptcies, up 21.3% year-on-year). On the other hand, the number of bankruptcies fell year-on-year in three industries including the real estate industry (15 bankruptcies, down 48.3% year-on-year).
- ■In terms of primary cause, recession-induced bankruptcies numbered 533 (up 0.4% year on year), higher than the same month of the previous year for the second consecutive month. They accounted for 82.0% (down 0.7 points) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 367 (down 0.3% year on year). These made up 56.5% of all bankruptcies, and as ever the trend in which small-scale bankruptcies account for the majority continued. By capitalization, the number of bankruptcies with capital of less than 10 million yen (including self-operated companies) came to 375, accounting for 57.7% of all bankruptcies.
- ■By region, Kanto saw a year-on-year increase in the number of bankruptcies for the third consecutive month, and Hokkaido and Chubu for the second consecutive month, while Chugoku saw an increase for the first time in two months. In four out of nine regions the number exceeded the same month of the previous year. On the other hand, in Kyushu the figure fell below the same month of the previous year for the sixth consecutive month while it did so for the third consecutive month in Tohoku.
- ■There were no bankruptcies of listed companies.
- ■The largest liabilities were 5,200 million yen held by ZEN POWER (Fukuoka, bankruptcy).
Bankruptcy Information TOP