Japan's Business Failures in October 2017
(Released by TEIKOKU DATABANK, LTD.)
There were 775 bankruptcies, marking the second consecutive month of year-on-year increase.
Liabilities totaled 101,920 million yen, marking the first year-on-year decrease in two months.
| Bankruptcies |
775 |
| Year-to-Year basis |
＋10.1％ |
| Last Year same month |
704 |
| Month-to-month basis |
＋19.6％ |
| Last month |
648 |
| Liabilities |
101,920 million yen |
| Year-to-Year basis |
▲12.8％ |
| Last Year same month |
116,940 million yen |
| Month-to-month basis |
▲2.4％ |
| Last month |
104,378 million yen |
Highlight and Outstanding Feature
- ■There were 775 bankruptcies, marking a year-on-year increase of 10.1% and an increase of 19.6% from the previous month. This was the second consecutive month of year-on-year increase. Liabilities totaled 101,920 million yen, marking a decrease of 2.4% over the previous month and a year-on-year decrease of 12.8%; this was the first time in two months that there was a decrease compared with the same month of the previous year.
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. Of these, the service industry (181 bankruptcies, up 19.1% year-on-year) saw an increase compared with the same month of the previous year for three consecutive months. Meanwhile, the two industries of the construction industry (149, up 18.3%) and the real estate industry (33, up 22.2%) saw year-on-year increases for the second consecutive month. On the other hand, the two industries of the manufacturing industry (92 bankruptcies, down 7.1% year-on-year) and the transport and communication industry (19, down 20.8%) saw year-on-year decreases.
- ■In terms of primary cause, recession-induced bankruptcies numbered 633 (up 8.2% year-on-year), higher than the same month of the previous year for the second consecutive month. They accounted for 81.7% (down 1.4 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 477 (up 25.5% year-on-year). These made up 61.5% 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 500, accounting for 64.5% of all bankruptcies.
- ■By region, seven of nine regions experienced year-on-year increases. Of these, Chugoku (37 bankruptcies) marked a significant year-on-year increase of 105.6%. Meanwhile, the three regions of Hokuriku (24 bankruptcies, up 71.4% year-on-year), Kinki (201, up 12.9%) and Shikoku (13, up 85.7%) saw double-digit increases year-on-year.
- ■The largest amount of liabilities was posted by NK Corporation (Okayama, bankruptcy) with liabilities of 5,227 million yen.
Bankruptcy Information TOP