Japan’s Business Failures in March 2021
(Released by TEIKOKU DATABANK, LTD.)
There were 648 bankruptcies, marking the eighth consecutive month of year-on-year decrease.
Liabilities totaled 140,053 million yen, the second consecutive month of year-on-year increase.
|Last Year same month
||140,053 million yen
|Last Year same month
||89,019 million yen
Highlight and Outstanding Feature
- ■There were 648 bankruptcies (down 12.9% year-on-year), marking the eighth consecutive month of year-on-year decrease. This is the first time bankruptcies have fallen for eight consecutive months or more since the period from August 2013 to February 2015 (19 consecutive months).
- ■Liabilities totaled 140,053 million yen (up 57.3% year-on-year), marking the second consecutive month of year-on-year increase. For FY2020, this is the third-highest level after the 145,003 million yen recorded in December 2020.
- ■By industry, the number of bankruptcies largely decreased by double digits or more year-on-year in four of seven industries. On the other hand, three industries—the retail industry (164 bankruptcies, up 1.9% year-on-year), the transport and communication industry (28 bankruptcies, up 40.0%), and the real estate industry (33 bankruptcies, up 73.7%)—marked increases compared with the same month of the previous year.
- ■In terms of primary cause, recession-induced bankruptcies numbered 505 (down 15.8% year-on-year).
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 411 (down 12.6% year-on-year).
- ■By region, seven of nine regions experienced year-on-year declines. The largest rate of decrease was in Hokuriku (16 bankruptcies, down 40.7% year-on-year), followed by Tohoku (29 cases, down 38.3% year-on-year), Kyushu (46 bankruptcies, down 34.3% year-on-year), and Shikoku (14 cases, down 22.2% year-on-year).
- ■By type, there were 587 bankruptcies (accounting for 90.6% of all business failures) and 35 special liquidations (5.4%).
- ■The largest amount of liabilities was about 49,400 million yen recorded by F-Power Co., Ltd. (Tokyo, corporate reorganization).
Bankruptcy Information TOP