Japan’s Business Failures in June 2019
(Released by TEIKOKU DATABANK, LTD.)
There were 734 bankruptcies, the first year-on-year increase in two months.
Liabilities totaled 80,371 million yen, marking the first year-on-year decrease in three months.
| Bankruptcies |
734 |
| Year-to-Year basis |
+3.5% |
| Last Year same month |
709 |
| Liabilities |
80,371 million yen |
| Year-to-Year basis |
▲59.2％ |
| Last Year same month |
196,863 million yen |
Highlight and Outstanding Feature
- ■There were 734 bankruptcies (up 3.5% year-on-year), marking a year-on-year increase for the first time in two months.
- ■Total liabilities fell 59.2% year-on-year, coming in at 80,371 million yen. This fall was affected by the bankruptcy of Japan Drilling Co., Ltd. (liabilities of 90,473 million yen), listed on the First Section of the Tokyo Stock Exchange, that occurred in the same month of the previous year.
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. In the construction industry (148 bankruptcies, up 11.3% year-on-year), the number of bankruptcies of companies related to building equipment work decreased, but the number of bankruptcies of those related to job-specific work (70 bankruptcies) marked a year-on-year increase of 34.6%. Bankruptcies in the retail industry (161 bankruptcies, up 6.6% year-on-year) showed a noticeable increase including in clothing retail (25 bankruptcies, up 25.0% year-on-year) and automotive retail (12 bankruptcies, up 100.0% year-on-year).
- ■In terms of primary cause, recession-induced bankruptcies numbered 549, comprising 74.8% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 473 (up 10.0% year-on-year) and comprised 64.4% of the total.
- ■By region, five of nine regions experienced year-on-year increases. In Chugoku (42 bankruptcies), there was an increase in bankruptcies of companies related to the retail industry such as food and beverage retailers (19 bankruptcies, 6 in the same month of the previous year) and the construction industry (9 bankruptcies, 5 in the same month of the previous year) and the number of bankruptcies in this region doubled year-on-year.
- ■The largest amount of liabilities was approximately 6,692 million yen posted by Last Stage Co., Ltd. (formerly Ems Co., Ltd.) (Fukushima, special liquidation)./li>
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