Japan’s Business Failures in December 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 552 bankruptcies, marking the lowest figure for December since 2000.
Liabilities totaled 145,003 million yen, the fifth consecutive month of year-on-year decrease.
|Last Year same month
||145,003 million yen
|Last Year same month
||159,622 million yen
Highlight and Outstanding Feature
- ■There were 552 bankruptcies (down 22.0% year-on-year), marking the lowest figure for December since 2000.
- ■Liabilities totaled 145,003 million yen (down 9.2% year-on-year), marking the fifth consecutive month of year-on-year decrease.
- ■The largest amount of liabilities was posted by Diamet Corporation (Niigata, Civil Rehabilitation Act), with liabilities of approximately 57,790 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in all industries for the second consecutive month. The number of bankruptcies fell year-on-year for the fifth consecutive month in the manufacturing industry (70 bankruptcies, down 16.7% year-on-year), and those in the wholesale industry (59 bankruptcies, down 41.0% year-on-year) fell year-on-year for the sixth consecutive month. On the other hand, in the service industry (136 bankruptcies, down 20.9% year-on-year), the number of bankruptcies in the lodging industry (7 bankruptcies) were up 75.0% year-on-year, and there are still some business categories in which bankruptcies continue to increase.
- ■In terms of primary cause, recession-induced bankruptcies numbered 418, (down 25.8% year-on-year), comprising 75.7% of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 345 (down 17.9% year-on-year) and comprised 62.5% of the total.
- ■By region, bankruptcies in eight regions out of nine marked year-on-year decreases. Of these, the two regions of Hokkaido (6 bankruptcies, down 64.7% year-on-year) and Shikoku (4 bankruptcies, down 77.8% year-on-year) saw the lowest levels ever. In addition, Tohoku (24 bankruptcies, down 25.0% year-on-year) saw a year-on-year decrease for the sixth consecutive month, while Kanto (231 bankruptcies, down 10.8% year-on-year) did for the fifth consecutive month.
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