Japan’s Business Failures in August 2019
(Released by TEIKOKU DATABANK, LTD.)
There were 669 bankruptcies, marking the first year-on-year decrease in three months.
Liabilities totaled 83,721 million yen, the third consecutive month of year-on-year decrease.
|Last Year same month
||83,721 million yen
|Last Year same month
||112,929 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■There were 669 bankruptcies (down 1.2% year-on-year), marking a year-on-year decrease for the first time in three months.
- ■Liabilities totaled 83,721 million yen, and there were no bankruptcies of companies with liabilities of 10,000 million yen, the lowest number for August since 2000 as a year that can be compared.
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. In the retail industry (161 bankruptcies, up 8.1% year-on-year), the increase in bankruptcies stood out including companies involved in food and beverage retail (32 bankruptcies, up 23.1% year-on-year), marking a year-on-year increase for the third consecutive month. In the transport and communication industry (31 bankruptcies, up 93.8% year-on-year), bankruptcies of companies involved in road freight transportation (15 bankruptcies) were up 87.5% year-on-year against the background of factors such as a lack of drivers.
- ■In terms of primary cause, recession-induced bankruptcies numbered 530, comprising 79.2% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 427 and comprised 63.8% of the total.
- ■By region, five of nine regions experienced year-on-year increases. Bankruptcies in Kanto (248 bankruptcies, up 8.3% year-on-year) marked the third consecutive month of year-on-year increase. Bankruptcies in Hokuriku (22 bankruptcies, up 24.9% year-on-year) increased year-on-year for the fifth consecutive month partly as a reaction to the previous year, when the number remained low.
- ■There were 18 bankruptcies caused by a labor shortage (up 20.0% year-on-year). This marked the second consecutive month of year-on-year increase.
- ■The largest amount of liabilities was posted by HIBIKI FOOD SERVICE GROUP (Saitama, Civil Rehabilitation Act) with liabilities of 7,709 million yen.