Japan’s Business Failures in May 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 288 bankruptcies, marking the lowest figure since 2000.
Liabilities totaled 71,131 million yen, marking the first year-on-year decrease in three months.
|Last Year same month
||71,131 million yen
|Last Year same month
||98,286 million yen
Highlight and Outstanding Feature
- ■There were 288 bankruptcies, marking the lowest figure since the comparable year of 2000. Changed to negative year-on-year figure for the first time in nine months.
- ■Liabilities totaled 71,131 million yen, marking the first year-on-year decrease in three months.
- ■The largest amount of liabilities was posted by Renown Incorporated (Tokyo, Civil Rehabilitation Act), with liabilities of 13,879 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in all seven industries. Of these, four industries marked the lowest numbers since 2000. While the total number of bankruptcies fell significantly, some industries, such as retail of textile, clothing, and personal items, as well as lodging continued to show an upward trend.
- ■In terms of primary cause, recession-induced bankruptcies numbered 227. The composition ratio of such bankruptcies was 78.8%.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 149 (down 61.5% year-on-year) and comprised 51.7% of the total.
- ■By region, eight of nine regions experienced year-on-year declines. Of these, four regions marked their lowest numbers. In Kinki (52 bankruptcies, down 69.6% year-on-year), bankruptcies fell significantly in Osaka and Hyogo. In Kanto (90 bankruptcies, down 58.3% year-on-year) bankruptcies fell in all the prefectures that make up the region (the Tokyo metropolitan area and six other prefectures).
- ■There were 2 bankruptcies caused by a labor shortage (down 80.0% year-on-year). This marked the second consecutive month of year-on-year decrease.
- ■There were 19 bankruptcies caused by a difficulty in finding a successor (down 40.6% year-on-year). This marked the first year-on-year decrease in six months.
- ■There were 26 post-moratorium bankruptcies (down 16.1% year-on-year). This marked the first year-on-year decrease in two months.
Bankruptcy Information TOP