Japan’s Business Failures in April 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 758 bankruptcies, marking the eighth consecutive month of year-on-year increase.
Liabilities totaled 161,467 million yen, the second consecutive month of year-on-year increase .
|Last Year same month
||161,467 million yen
|Last Year same month
||104,664 million yen
Highlight and Outstanding Feature
- ■There were 758 bankruptcies, marking the eighth consecutive month of year-on-year increase.
- ■Liabilities totaled 161,467 million yen, the second consecutive month of year-on-year increase.
- ■By industry, the number of bankruptcies increased year-on-year in six of seven industries. Among them, the retail industry (190 bankruptcies, up 27.5% year-on-year) marked an increase for five consecutive months. The number of bankruptcies in the construction industry (124 bankruptcies, up 10.7% year-on-year) saw an increase for eight consecutive months. In the service industry (183 bankruptcies, up 10.2% year-on-year), the lodging industry (25 bankruptcies) reached a record high, boosting the total number of cases.
- ■In terms of primary cause, recession-induced bankruptcies numbered 614, comprising 81.0% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 441 (up 15.4% year-on-year) and comprised 58.2% of the total.
- ■By region, eight of nine regions experienced year-on-year increases. Bankruptcies in Hokuriku (35 bankruptcies) increased year-on-year for the third consecutive month. In Kinki (194 bankruptcies, up 17.6% year-on-year), the number of bankruptcies in the retail industry marked the eighth consecutive month of year-on-year increase.
- ■There were 15 bankruptcies caused by a labor shortage (down 25.0% year-on-year). This marked the first year-on-year decrease in six months.
- ■There were 54 bankruptcies caused by a difficulty in finding a successor (up 58.8% year-on-year). This marked a record high.
- ■There were 55 post-moratorium bankruptcies (up 48.6% year-on-year). This marked the first year-on-year increase in six months.
- ■The largest amount of liabilities was posted by WBF Hotel & Resorts Co., Ltd. (Osaka, Civil Rehabilitation Act) with liabilities of approximately 16,000 million yen.
Bankruptcy Information TOP