Japan’s Business Failures in January 2021
(Released by TEIKOKU DATABANK, LTD.)
There were 506 bankruptcies, marking the second-lowest level for January since 2000.
Liabilities totaled 91,258 million yen, marking the lowest value for January since 2000.
| Bankruptcies |
506 |
| Year-to-Year basis |
▲29.0% |
| Last Year same month |
713 |
| Liabilities |
91,258 million yen |
| Year-to-Year basis |
▲22.2% |
| Last Year same month |
117,250 million yen |
Highlight and Outstanding Feature
- ■There were 506 bankruptcies (down 29.0% year-on-year), marking the second-lowest level for January since 2000.
- ■Liabilities totaled 91,258 million yen (down 22.2% year-on-year), marking the lowest value for January since 2000.
- ■The largest amount of liabilities was posted by TAIKO PAPER MFG., LTD. (Shizuoka, Corporate Reorganization Act), with liabilities of approximately 14,008 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in six of seven industries. The manufacturing industry (42 bankruptcies, down 39.1% year-on-year) marked the second-lowest level ever after May 2020. In the retail industry (121 bankruptcies, down 30.1% year-on-year), bankruptcies of food and beverage retailers (19 bankruptcies) continued to decline. There were effects of demand from people staying at home and the movement toward refraining from eating out and having dinner parties, and bankruptcies decreased for the seventh consecutive month.
- ■In terms of primary cause, recession-induced bankruptcies numbered 391 (down 32.4% year-on-year), marking the sixth consecutive month of year-on-year decrease. They account for 77.3% (down 3.8 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 321 (down 27.0% year-on-year) and comprised 63.4% of the total.
- ■By region, all regions experienced double-digit year-on-year decreases. In Tohoku (17 bankruptcies, down 63.0% year-on-year) bankruptcies fell in all prefectures and all industries. Hokuriku (10 bankruptcies, down 60.0%) posted the second-lowest level ever. In Kanto (180 bankruptcies, down 28.6% year-on-year) bankruptcies fell in the Tokyo metropolitan area and five prefectures of the region. Tokyo (77 bankruptcies) marked the third-lowest figure ever.
- ■There were 8 bankruptcies caused by a labor shortage (down 61.9% year-on-year), marking the fifth consecutive month of year-on-year decrease.
- ■There were 31 bankruptcies caused by a difficulty in finding a successor (down 27.9% year-on-year), marking the fourth consecutive month of year-on-year decrease.
- ■There were 29 post-moratorium bankruptcies (down 40.8% year-on-year), marking the fifth consecutive month of year-on-year decrease.
Bankruptcy Information TOP