Japan’s Business Failures in December 2018
(Released by TEIKOKU DATABANK, LTD.)
There were 627 bankruptcies, marking the first year-on-year decrease in two months.
Liabilities totaled 75,738 million yen, marking the lowest value since 2000.
| Bankruptcies |
627 |
| Year-to-Year basis |
▲9.9％ |
| Last Year same month |
696 |
| Month-to-month basis |
▲11.2％ |
| Last month |
706 |
| Liabilities |
75,738 million yen |
| Year-to-Year basis |
▲51.6％ |
| Last Year same month |
156,572 million yen |
| Month-to-month basis |
▲38.9％ |
| Last month |
123,866 million yen |
Highlight and Outstanding Feature
- ■There were 627 bankruptcies, marking a year-on-year decrease of 9.9% and the first decrease in two months. Liabilities totaled 75,738 million yen, marking a 51.6% year-on-year decrease and the second consecutive month of such decrease, and it was the lowest figure since 2000
- ■By industry, the number of bankruptcies decreased year-on-year in four of seven industries. Of these, the number of bankruptcies fell year-on-year for the sixth consecutive month in the construction industry (100 bankruptcies, down 17.4% year-on-year), and those in the wholesale industry (93 bankruptcies, down 19.8% year-on-year) fell year-on-year for the third consecutive month. Also, in all four industries that saw a decline in the number of bankruptcies, the figure fell by two digits year-on-year. On the other hand, the service industry (149 bankruptcies, up 4.9% year-on-year) saw a year-on-year increase for the third consecutive month. Meanwhile, the real estate industry (25 bankruptcies, up 19.0% year-on-year) saw a year-on-year increase for the second consecutive month.
- ■In terms of primary cause, recession-induced bankruptcies numbered 502 (down 11.3% year-on-year), marking the first year-on-year decrease in two months. They accounted for 80.1% (down 1.2 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 399 (down 4.8% year-on-year). These made up 63.6% of all bankruptcies, and 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 421, accounting for 67.1% of all bankruptcies.
- ■By region, seven of nine regions experienced year-on-year decreases. Of these, Tohoku (17 bankruptcies, down 58.5% year-on-year) saw a year-on-year decrease for the first time in five months, while Hokuriku (14, down 12.5% year-on-year) and Shikoku (14, down 22.2% year-on-year) did for the first time in six months. On the other hand, Hokkaido (18 bankruptcies, up 20.0%) and Chugoku (30 bankruptcies, up 7.1%), marked year-on-year increases.
- ■The largest amount of liabilities was posted by ETA Electric Industry Co., Ltd. (Tokyo, bankruptcy) with liabilities of 5,436 million yen.
Bankruptcy Information TOP