Japan’s Business Failures in November 2019
(Released by TEIKOKU DATABANK, LTD.)
There were 724 bankruptcies, marking the third consecutive month of year-on-year increase.
Liabilities totaled 130,797 million yen, the first year-on-year increase in six months.
| Bankruptcies |
724 |
| Year-to-Year basis |
+2.5% |
| Last Year same month |
706 |
| Liabilities |
130,797 million yen |
| Year-to-Year basis |
+5.6％ |
| Last Year same month |
123,866 million yen |
Highlight and Outstanding Feature
- ■There were 724 bankruptcies (up 2.5% year-on-year), marking the third consecutive month of year-on-year increase.
- ■Total liabilities came to 130,797 million yen (up 5.6% year-on-year), due to the occurrence of two bankruptcies amounting to 10,000 million yen or more; this was the first year-on-year increase in six months.
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. Among them, the service industry (190 bankruptcies, up 9.8% year-on-year) saw the highest number this year due to a significant increase in bankruptcies of companies involved in software development. Even for November, it was the highest number since the comparable year of 2000. In the construction industry (134 bankruptcies, up 7.2% year-on-year) there were overlapping factors such as a shortage of craftsmen and soaring labor costs, and the number of bankruptcies of companies related to job-specific work and general work increased.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 442 and comprised 61.0% of the total.
- ■By region, four of nine regions experienced year-on-year increases. In Kinki (210 bankruptcies), bankruptcies were up 12.9% year-on-year due to an increase in bankruptcies of companies in the service industry (55 bankruptcies, up 31.0% year-on-year) and the wholesale industry (27 bankruptcies, up 50.0% year-on-year). In Shikoku (22 bankruptcies, up 83.3% year-on-year), the number of bankruptcies in five industries including the construction and manufacturing industry marked increases.
- ■There were 14 bankruptcies caused by a labor shortage (up 75.0% year-on-year). This marked the first year-on-year increase in three months.
- ■There were 48 bankruptcies caused by a difficulty in finding a successor (down 2.0% year-on-year). This marked the first year-on-year decrease in three months.
- ■There were 35 post-moratorium bankruptcies (down 10.3% year-on-year). This marked the first year-on-year decrease in three months.
- ■The largest amount of liabilities was posted by NIHON OWNERS CLUB (Tokyo, Civil Rehabilitation Act) with liabilities of 14,546 million yen.
Bankruptcy Information TOP