Japan’s Business Failures in August 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 655 bankruptcies, marking the first year-on-year decrease in three months.
Liabilities totaled 69,417 million yen, the second-lowest level since 2000.
|Last Year same month
||69,417 million yen
|Last Year same month
||83,721 million yen
Highlight and Outstanding Feature
- ■There were 655 bankruptcies (down 2.1% year-on-year), marking a year-on-year decrease for the first time in three months.
- ■Liabilities totaled 69,417 million yen (down 17.1% year-on-year), marking the first year-on-year decrease in three months.
- ■The largest amount of liabilities was posted by FEP Co., Ltd. (Osaka, bankruptcy) with liabilities of approximately 4,000 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in four of seven industries. Among them, the wholesale industry (88 bankruptcies) saw a 12.9% year-on-year decrease due to fewer bankruptcies of companies involved in textile/clothing products wholesale as well as machinery and equipment wholesale. In the manufacturing industry (68 bankruptcies), bankruptcies were down 19.0% year-on-year thanks in part to a decrease in bankruptcies of companies in the furniture manufacturing industry.
- ■In terms of primary cause, recession-induced bankruptcies numbered 519, (down 2.1% year-on-year), comprising 79.2% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 435 (up 1.9% year-on-year) and comprised 66.4% of the total.
- ■By region, five of nine regions experienced year-on-year decreases. Among them, Hokkaido (11 bankruptcies) saw a 45.0% year-on-year decrease due partly to a decline in bankruptcies of companies in the retail industry. In Kanto (237 bankruptcies, down 4.4% year-on-year), bankruptcies fell by double digits in Ibaraki and Saitama. By industry, bankruptcies decreased in five industries except the construction and real estate industries.
- ■There were 19 bankruptcies caused by a labor shortage (up 5.6% year-on-year), marking the first year-on-year increase in five months.
- ■There were 23 bankruptcies caused by a difficulty in finding a successor (down 28.1% year-on-year), marking the second consecutive month of year-on-year decrease.
- ■There were 47 post-moratorium bankruptcies (up 51.6% year-on-year), marking the first year-on-year increase in two months.
Bankruptcy Information TOP