Japan’s Business Failures in February 2021
(Released by TEIKOKU DATABANK, LTD.)
There were 442 bankruptcies, the third-lowest level since 2000.
Liabilities totaled 77,745 million yen, the first year-on-year increase in seven months.
| Bankruptcies |
442 |
| Year-to-Year basis |
▲30.3% |
| Last Year same month |
634 |
| Liabilities |
77,745 million yen |
| Year-to-Year basis |
17.1% |
| Last Year same month |
66,374 million yen |
Highlight and Outstanding Feature
- ■There were 442 bankruptcies (down 30.3% year-on-year), marking the third-lowest level since 2000.
- ■Liabilities totaled 77,745 million yen (up 17.1% year-on-year), marking the first year-on-year increase in seven months.
- ■The largest amount of liabilities was posted by EI Publishing Co., Ltd. (Tokyo, Civil Rehabilitation Act), with liabilities of approximately 5,788 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in five of seven industries. Among them, the construction industry (72 bankruptcies, down 32.7% year-on-year) marked the second-lowest level ever after May 2020. The retail industry (82 bankruptcies, down 46.1% year-on-year) saw a fall in bankruptcies for the eighth consecutive month, and bankruptcies of food and beverage retailers (15 bankruptcies) have continued to decline due to stronger domestic consumption demand. The number of bankruptcies of restaurants (28 bankruptcies) decreased for the third consecutive month, switching from the high trend during the latter half of 2020.
- ■In terms of primary cause, recession-induced bankruptcies numbered 325 (down 34.5% year-on-year), marking the seventh consecutive month of year-on-year decrease. They account for 73.5% (down 4.7 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 275 (down 31.9% year-on-year) and comprised 62.2% of the total.
- ■By region, all regions experienced double-digit year-on-year decreases. This is the first decrease for the second consecutive month in all regions since 2000. In Tohoku (8 bankruptcies, down 61.9% year-on-year), bankruptcies were the lowest ever. In Kanto (188 bankruptcies, down 19.3% year-on-year) bankruptcies fell for the seventh consecutive month.
- ■There were 5 bankruptcies caused by a labor shortage (down 70.6% year-on-year), marking the sixth consecutive month of year-on-year decrease.
- ■There were 27 bankruptcies caused by a difficulty in finding a successor (down 15.6% year-on-year), marking the fifth consecutive month of year-on-year decrease.
- ■There were 37 post-moratorium bankruptcies (up 2.8% year-on-year), marking the first year-on-year increase in six months.
Bankruptcy Information TOP