Japan’s Business Failures in January 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 713 bankruptcies, marking the fifth consecutive month of year-on-year increase.
Liabilities totaled 117,250 million yen, marking the first year-on-year decrease in three months.
|Last Year same month
||117,250 million yen
|Last Year same month
||172,356 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■There were 713 bankruptcies (up 2.7% year-on-year), marking the fifth consecutive month of year-on-year increase.
- ■Total liabilities were 117,250 million yen, down 32.0% year-on-year due to the large-scale bankruptcy of Emerald Green Club (Tokyo, Civil Rehabilitation Act, liabilities of about 45,000 million yen) in the same month last year.
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. Of these, in the wholesale industry (122 bankruptcies, up 19.6% year-on-year), there was an increase in bankruptcies of companies involved in food and beverage wholesale (39 bankruptcies, up 95.0% year-on-year). In the retail industry (173 bankruptcies, up 9.5% year-on-year), an increase in bankruptcies of restaurants stands out for the second straight year.
- ■In terms of primary cause, recession-induced bankruptcies numbered 578. The composition ratio of such bankruptcies was 81.1%.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 440 and comprised 61.7% of the total.
- ■By region, four of nine regions experienced year-on-year increases. Among them, bankruptcies in Tohoku (46 bankruptcies, up 119.0% year-on-year) exceeded 40 for the first time since January 2011 (51 bankruptcies), before the Great East Japan Earthquake. Bankruptcies in Chubu (98 bankruptcies) were up 6.5% year-on-year.
- ■There were 21 bankruptcies caused by a labor shortage (up 5.0% year-on-year). This marked the third consecutive month of year-on-year increase.
- ■There were 43 bankruptcies caused by a difficulty in finding a successor (up 53.6% year-on-year). This marked the second consecutive month of year-on-year increase.
- ■There were 49 post-moratorium bankruptcies (down 16.9% year-on-year). This marked the third consecutive month of year-on-year decrease.
- ■The largest amount of liabilities was posted by Yamanishi Co., Ltd. (Miyagi, Corporate Reorganization Act) with liabilities of 12,300 million yen.