Japan’s Business Failures in March 2018
(Released by TEIKOKU DATABANK, LTD.)
There were 760 bankruptcies, marking the second consecutive month of year-on-year decrease.
Liabilities totaled 348,959 million yen, the first year-on-year increase in six months.
| Bankruptcies |
760 |
| Year-to-Year basis |
▲5.8％ |
| Last Year same month |
807 |
| Month-to-month basis |
＋27.5％ |
| Last month |
596 |
| Liabilities |
348,590 million yen |
| Year-to-Year basis |
＋105.8％ |
| Last Year same month |
169,585 million yen |
| Month-to-month basis |
＋293.2％ |
| Last month |
88,746 million yen |
Highlight and Outstanding Feature
- ■There were 760 bankruptcies, marking a year-on-year decrease of 5.8% and the second consecutive month of such decrease. Liabilities totaled 348,959 million yen, marking a 105.8% year-on-year increase, the first such increase in six months.
- ■By industry, the number of bankruptcies decreased year-on-year in four of seven industries. Of these, the number of bankruptcies decreased for the third consecutive month in the retail industry (170 bankruptcies, down 8.1% year-on-year). The figures in the two industries of the wholesale industry (99, down 26.1% year-on-year) and the service industry (177, down 2.7% year-on-year) fell for the second consecutive month.
Bankruptcies in the transport and communication industry (24, down 29.4% year-on-year) fell year-on-year for the first time in four months. Meanwhile, the number of bankruptcies in three industries including the real estate industry (25 bankruptcies, up 31.6% year-on-year) marked year-on-year increases.
- ■In terms of primary cause, recession-induced bankruptcies numbered 631 (down 3.5% year-on-year), marking the second consecutive month of year-on-year decrease. The composition ratio of such bankruptcies was 83.0%.
- ■Bankruptcies totaling less than 50 million yen numbered 463 and comprised 60.9% of the total, with small-scale bankruptcies as ever making up the majority. By capitalization, the number of bankruptcies with capital of less than 10 million yen (including self-operated companies) came to 501, accounting for 65.9% of all bankruptcies, and was the highest recorded since 2000.
- ■By region, four regions of Hokkaido (27 bankruptcies, down 10.0% year-on-year), Kanto (275, down 15.1%), Chubu (106, down 14.5%), and Kinki (182, down 13.3%) marked double-digit year-on-year decreases. The number of bankruptcies in Tokyo and Osaka prefectures declined significantly and this pushed down the number in the whole country. On the other hand, five regions including Tohoku (33 bankruptcies, up 65.0%) and Kyushu (57, up 50.0%) saw double-digit year-on-year increases.
- ■The largest amount of liabilities was posted by JAPAN LIFE Co., Ltd. (Tokyo, bankruptcy) with liabilities of 240,500 million yen.
Bankruptcy Information TOP