Japan's Business Failures in June 2017
(Released by TEIKOKU DATABANK, LTD.)
There were 751 bankruptcies, marking the fifth consecutive month of year-on-year increase.
Liabilities totaled 278,294 million yen, the first year-on-year increase in three months.
(If the revealed amount of claims has been made to Takata Corporation is included, this figure comes to 1,608,294 million yen.)
| Bankruptcies |
751 |
| Year-to-Year basis |
＋0.5％ |
| Last Year same month |
747 |
| Month-to-month basis |
▲4.2％ |
| Last month |
784 |
| Liabilities |
278,292 million yen |
| Year-to-Year basis |
＋172.0％ |
| Last Year same month |
102,330 million yen |
| Month-to-month basis |
＋189.4％ |
| Last month |
96,172 million yen |
Highlight and Outstanding Feature
- ■There were 751 bankruptcies, down 4.2% from the previous month, but slightly up 0.5% from the same month of the previous year, and marking the fifth month in a row that the figure was higher than the same month of the previous year. Liabilities totaled 278,294 million yen, marking an increase of 189.4% over the previous month and a year-on-year increase of 172.0%; this was the first year-on-year increase in three months.
- ■By industry, the number of bankruptcies increased year on year in four of seven industries. Of these, the real estate industry (26 bankruptcies, up 18.2% compared with the same period of the previous year), service industry (173, up 7.5%) and the manufacturing industry (100, up 6.4%) saw increases compared with the same month of the previous year for two consecutive months. On the other hand, the construction industry (132, down 11.4%) and the retail industry (159, down 5.4%) saw the number of bankruptcies fall compared with the same period of the previous year for the first time in four months.
- ■In terms of primary cause, recession-induced bankruptcies numbered 632, (down 0.2% from the same month of the previous year), and accounted for 84.2% of the total. Of these, the bankruptcies that were due to stagnant sales (618 cases, up 1.3% compared with the same month of the last year) exceeded the same month of the previous year for the fourth consecutive month.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 455 (up 6.1% year-on-year). These made up 60.6% 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 488, accounting for 65.0% of all bankruptcies.
- ■By region, Chubu (129 bankruptcies, up 14.2% compared with the same month of the last year) saw the figure increase for the fourth consecutive month. Shikoku (15, up 50.0%) and Kinki (200, up 1.5%) saw year-on-year increases for the second month in a row compared with the same month the year before. Five out of nine regions saw increases compared with the same month of the previous year. On the other hand, in Hokkaido (24, down 4.0%) the figure was down for the first time in six months and in Kanto (251 bankruptcies, down 5.6%) for the first time in five months from the same month of last year.
- ■The largest amount of liabilities was posted by Takata Corporation (Tokyo, Civil Rehabilitation Act), with liabilities of 182,633 million yen.
Bankruptcy Information TOP