Japan’s Business Failures in April 2019
(Released by TEIKOKU DATABANK, LTD.)
There were 651 bankruptcies, the first year-on-year increase in two months.
Liabilities totaled 104,664 million yen, the first year-on-year increase in two months.
|Last Year same month
||104,664 million yen
|Last Year same month
||82,770 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■There were 651 bankruptcies (up 5.3% year-on-year), marking a year-on-year increase for the first time in two months.
- ■Total liabilities came to 104,664 million yen, up 26.5% year-on-year, due to an increase in the number of bankruptcies involving liabilities of 100 million yen or more, and the occurrence of large-scale bankruptcies of Y K Japan Co., Ltd. and Tsuchitaka Kogyo Co., Ltd.
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. In the construction industry (112 bankruptcies, up 9.8% year-on-year), the number of bankruptcies of companies related to Job-specific work and building equipment work decreased, but the number of bankruptcies of those related to general work (50 bankruptcies, up 56.3% year-on-year) increased by double digits year-on-year. Furthermore, in the service industry (166 bankruptcies, up 16.1% year-on-year), the number of bankruptcies of entities in the medical industry other than hospitals, such as treatment places, (20 bankruptcies, up 33.3% year-on-year) stood out.
- ■In terms of primary cause, recession-induced bankruptcies numbered 505, comprising 77.6% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 382 and comprised 58.7% of the total.
- ■By region, six of nine regions experienced year-on-year increases. The number of bankruptcies in Hokkaido (17 bankruptcies, up 21.4% year-on-year) increased year-on-year for the first time in four months, with the number of bankruptcies in the construction industry and service industry exceeding the number of bankruptcies in the same month of the last year. The number of bankruptcies in Kyushu (46 bankruptcies, up 9.5% year-on-year) have been increasing for four consecutive months. This occurred against a background of an upward trend in the number of bankruptcies of companies in the construction industry due to stagnant demand for reconstruction work.
- ■There were 20 bankruptcies caused by a labor shortage (up 42.9% year-on-year). This marked the ninth consecutive month of year-on-year increase.
- ■The largest amount of liabilities was posted by Y K Japan Co., Ltd. (Tokyo, Civil Rehabilitation Act) with liabilities of 16,242 million yen.