Japan’s Business Failures during January to December 2019
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
8,354 |
| Year-over-Year basis |
+3.6％ |
| Previous Year |
8,063 |
| Liabilities |
1,413,585 million yen |
| Year-over-Year basis |
▲13.0％ |
| Previous Year |
1,625,552 million yen |
Highlight and Outstanding Feature
- ■There were 8,354 bankruptcies in 2019 (8,063 in the previous year, up 3.6% year-on-year), marking the first increase compared with the previous year in two years.
- ■Total liabilities came to 1,413,585 million yen (1,625,552 million yen in the previous year, down 13.0% year-on-year), which was even lower than the previous year, when a record-low was posted, and the smallest amount since the comparable year of 2000.
- ■By industry, the number of bankruptcies increased year-on-year in six of seven industries. Of them, the number of bankruptcies in the retail industry (1,945 bankruptcies) were up 7.0% year-on-year, boosting the overall number of bankruptcies. In this category, the number of bankruptcies of restaurants (732 bankruptcies) was the highest ever.
- ■In terms of primary cause, recession-induced bankruptcies numbered 6,615 (up 2.7% year-on-year). They account for 79.2% (down 0.7 points year-on-year) of all bankruptcies.
- ■In terms of liabilities, bankruptcies of companies with liabilities totaling less than 50 million yen numbered 5,163 (up 3.8% year-on-year). The ratio of these to all bankruptcies has risen for eleven consecutive years and stood at 61.8%. It marked the highest since the comparable year of 2000.
- ■By region, seven of nine regions experienced year-on-year increases. Bankruptcies in Tohoku (403 bankruptcies, up 14.8% year-on-year) marked the third consecutive year of increase. In Kanto (2,981 bankruptcies, up 3.6% year-on-year), the number of bankruptcies in five of seven industries marked increases.
- ■There were 185 bankruptcies caused by a labor shortage (up 20.9% year-on-year), marking a record high for the fourth consecutive year.
- ■There were 460 bankruptcies caused by a difficulty in finding a successor (up 14.7% year-on-year), marking a record high for the first time in six years.
- ■There were 524 post-moratorium bankruptcies (up 22.4% year-on-year), marking a high level for the first time in six years.
- ■The largest amount of liabilities was posted by MT Picture Display Co., Ltd. (Osaka, special liquidation) with liabilities of 105,000 million yen.
Bankruptcy Information TOP