Japan’s Business Failures in October 2019
(Released by TEIKOKU DATABANK, LTD.)
There were 785 bankruptcies, marking the second consecutive month of year-on-year increase and the highest number this year.
Liabilities totaled 91,079 million yen, the fifth consecutive month of year-on-year decrease.
|Last Year same month
||91,079 million yen
|Last Year same month
||112,856 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■There were 785 bankruptcies (up 5.1% year-on-year), marking the second consecutive month of year-on-year increase and the highest number this year.
- ■Liabilities totaled 91,079 million yen (down 19.3% year-on-year), and there were no bankruptcies amounting to 5,000 million yen or more, marking the lowest number for October since 2000 as a year that can be compared.
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. In the manufacturing industry (111 bankruptcies, up 30.6% year-on-year), bankruptcies increased mainly in the food and beverage manufacturing industry and the printing industry due to increases in raw material prices and labor costs. In the retail industry (195 bankruptcies, up 12.1% year-on-year), the increase in bankruptcies of restaurants (72 bankruptcies, up 53.2% year-on-year) continued to stand out, increasing for five consecutive months.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 512 and comprised 65.2% of the total.
- ■By region, six of nine regions experienced year-on-year increases. In Tohoku (45 bankruptcies), bankruptcies were up 55.2% year-on-year due to an increase in bankruptcies of companies in the manufacturing industry and retail industry. Bankruptcies in Chugoku (52 bankruptcies, up 26.8% year-on-year) exceeded 50 for the first time in 7 years and 3 months since July 2012.
- ■There were 15 bankruptcies caused by a labor shortage (down 16.7% year-on-year). This marked the second consecutive month of year-on-year decrease.
- ■There were 37 bankruptcies caused by a difficulty in finding a successor (up 32.1% year-on-year). This marked the second consecutive month of year-on-year increase.
- ■There were 44 post-moratorium bankruptcies (up 4.8% year-on-year). This marked the second consecutive month of year-on-year increase.
- ■The largest amount of liabilities was posted by Safety Island Co., Ltd. (Hyogo, Civil Rehabilitation Act) with liabilities of 4,937 million yen.