Japan’s Business Failures in November 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 563 bankruptcies, marking the lowest figure for November since 2000.
Liabilities totaled 95,212 million yen, the fourth consecutive month of year-on-year decrease.
|Last Year same month
||95,212 million yen
|Last Year same month
||130,797 million yen
Highlight and Outstanding Feature
- ■There were 563 bankruptcies (down 22.2% year-on-year), marking the lowest figure for November since 2000.
- ■Liabilities totaled 95,212 million yen (down 27.2% year-on-year), marking the fourth consecutive month of year-on-year decrease. Number of bankruptcies and total liabilities marked the lowest values for November since 2000.
- ■The largest amount of liabilities was posted by AirAsia Japan Co., Ltd. (Aichi, bankruptcy) with liabilities of approximately 21,700 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in all industries. Among them, there was a noticeable decline in bankruptcies in some industries, such as the construction industry (92 bankruptcies, down 31.3% year-on-year), the wholesale industry (70 bankruptcies, down 29.3% year-on-year), and the retail industry (134 bankruptcies, down 15.7% year-on-year). On the other hand, the number of bankruptcies of restaurants (63 bankruptcies) was up 8.6% year-on-year and continued to show an upward trend.
- ■In terms of primary cause, recession-induced bankruptcies numbered 429 (down 24.6% year-on-year), comprising 76.2% (down 2.4 points year-on-year) of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 364 (down 17.6% year-on-year) and comprised 64.7% of the total.
- ■By region, all regions experienced year-on-year declines. Of these, eight regions marked double-digit falls. Among them, in Kanto (185 bankruptcies, down 26.9% year-on-year) bankruptcies fell in all the prefectures that make up the region (the Tokyo metropolitan area and six other prefectures). The figure for Hokkaido (9 bankruptcies, down 35.7% year-on-year) was the lowest since 2000, and on a par with the levels of February 2001 and May 2020.
- ■There were 7 bankruptcies caused by a labor shortage (down 50.0% year-on-year), marking the third consecutive month of year-on-year decrease.
- ■There were 34 bankruptcies caused by a difficulty in finding a successor (down 29.2% year-on-year), marking the second consecutive month of year-on-year decrease.
- ■There were 28 post-moratorium bankruptcies (down 20.0% year-on-year), marking the third consecutive month of year-on-year decrease.
Bankruptcy Information TOP