Japan’s Business Failures in March 2019
(Released by TEIKOKU DATABANK, LTD.)
There were 651 bankruptcies, marking the first year-on-year decrease in three months.
Liabilities totaled 76,927 million yen, marking the first year-on-year decrease in three months.
|Last Year same month
||76,927 million yen
|Last Year same month
||348,959 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■There were 651 bankruptcies (down 14.3% year-on-year), marking a year-on-year decrease for the first time in three months.
- ■Total liabilities came to 76,927 million yen, the second-smallest amount since December 2018, when the lowest amount since 2000 was recorded. In addition, there were no bankruptcies of companies with liabilities of 10 billion yen or more, and the amount of liabilities was significantly down 78.0% year-on-year. This year-on-year figure was partly affected by the large-scale bankruptcy of JAPAN LIFE Co., Ltd. (liabilities of about 240,500 million yen) that occurred in the same month of the previous year.
- ■By industry, the number of bankruptcies decreased year-on-year in five of seven industries. Bankruptcies in the construction industry (107 bankruptcies) fell by a two-digit number, down 27.2% compared with the same month of the previous year. This was partly due to an increase in demand for redevelopment in urban areas, and the number of bankruptcies fell in all categories of companies involved in job-specific work, general work, and equipment work. In the service industry (148 bankruptcies), bankruptcies fell among companies involved in the medical industry including places to receive treatment such as hospitals and chiropractic clinics, and also among hotels and ryokans (Japanese-style inns).
- ■In terms of primary cause, recession-induced bankruptcies numbered 512, comprising 78.6% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 389 (down 16.0% year-on-year) and comprised 59.8% of the total.
- ■By region, six of nine regions experienced year-on-year declines. In Chubu (75 bankruptcies), bankruptcies of companies in the construction and service industries were down, falling below year-on-year for the fourth consecutive month.
- ■The largest amount of liabilities was posted by Ron Miyako Co., Ltd. (Nagano, Civil Rehabilitation Act) with liabilities of 3,492 million yen.