Japan’s Business Failures in July 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 847 bankruptcies, marking the second consecutive month of year-on-year increase.
Liabilities totaled 104,801 million yen, the second consecutive month of year-on-year increase.
| Bankruptcies |
847 |
| Year-to-Year basis |
+8.2% |
| Last Year same month |
783 |
| Liabilities |
104,801 million yen |
| Year-to-Year basis |
+14.3% |
| Last Year same month |
91,690 million yen |
Highlight and Outstanding Feature
- ■There were 847 bankruptcies (up 8.2% year-on-year), exceeding the previous month and marking the highest number this year.
- ■Liabilities totaled 104,801 million yen (up 14.3% year-on-year), marking the second consecutive month of year-on-year increase.
- ■The largest amount of liabilities was posted by AIK Japan Corporation (Tokyo, bankruptcy) with liabilities of approximately 4,790 million yen.
- ■By industry, the number of bankruptcies increased year-on-year in three of seven industries. Among them, bankruptcies in the service industry (210 bankruptcies) were up 30.4% year-on-year due to an increase in bankruptcies of companies in the professional service industry and advertising industry. There was an increase in bankruptcies in the manufacturing industry (105 bankruptcies, up 34.6% year-on-year) due to bankruptcies of companies involved in food and beverage manufacturing and the manufacturing of automobile parts.
- ■In terms of primary cause, recession-induced bankruptcies numbered 674 (up 10.0% year-on-year). The composition ratio of such bankruptcies was 79.6%.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 530 (up 6.6% year-on-year) and comprised 62.6% of the total.
- ■By region, bankruptcies in six regions out of nine experienced year-on-year increases; among them, in Kinki (228 bankruptcies, up 30.3% year-on-year) bankruptcies were up in all six prefectures. Chubu (123 bankruptcies, up 9.8% year-on-year) saw a 66.7% year-on-year increase in bankruptcies of companies in the wholesale industry, increasing for the second consecutive month as a region.
- ■There were 6 bankruptcies caused by a labor shortage (down 57.1% year-on-year), marking the first year-on-year decrease in two months.
- ■There were 46 bankruptcies caused by a difficulty in finding a successor (down 11.5% year-on-year), marking the first year-on-year decrease in two months.
- ■There were 51 post-moratorium bankruptcies (down 8.9% year-on-year), marking the first year-on-year decrease in two months.
Bankruptcy Information TOP