Japan’s Business Failures in April 2021
(Released by TEIKOKU DATABANK, LTD.)
There were 489 bankruptcies, marking the lowest figure for April ever.
Liabilities totaled 79,990 million yen, marking the first year-on-year decrease in three months.
|Last Year same month
||79,990 million yen
|Last Year same month
||161,467 million yen
Highlight and Outstanding Feature
- ■There were 489 bankruptcies (down 35.5% year-on-year), marking the lowest figure for April ever.
- ■Total liabilities were 79,990 million yen, a decrease of 50.5% year-on-year, partly due to a reaction from the same month of the previous year, when the largest total liabilities were posted in 2020.
- ■The largest amount of liabilities was posted by Green Infra Lending, Inc. (Tokyo, bankruptcy), with liabilities of approximately 12,800 million yen.
- ■By industry, bankruptcies in six out of seven industries fell by double digits, significantly lower than the same month of the previous year. The wholesale industry (58 bankruptcies, down 41.4% year-on-year) marked a decrease for the tenth consecutive month. This was the second-lowest level since 2000. The manufacturing industry (62 bankruptcies, down 20.5% year-on-year) marked a decrease for the ninth consecutive month. On the other hand, the real estate industry (18 bankruptcies, up 12.5% year-on-year) saw the only increase among all industries.
- ■In terms of primary cause, recession-induced bankruptcies numbered 377 (down 38.6% year-on-year), marking the ninth consecutive month of year-on-year decrease. They account for 77.1% (down 3.9 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 297 (down 32.7% year-on-year) and comprised 60.7% of the total.
- ■By region, all regions experienced double-digit year-on-year decreases. Kanto (185 bankruptcies, down 21.3% year-on-year) marked a decrease for the ninth consecutive month. Kinki (126 bankruptcies, down 35.1% year-on-year) saw bankruptcies fall by double digits in all prefectures. Kyushu (34 bankruptcies, down 40.4% year-on-year) continued to have its longest period of consecutive declines.
- ■There were 8 bankruptcies caused by a labor shortage (down 46.7% year-on-year), marking the eighth consecutive month of year-on-year decrease.
- ■There were 36 bankruptcies caused by a difficulty in finding a successor (down 33.3% year-on-year), marking the first year-on-year decrease in two months.
- ■There were 33 post-moratorium bankruptcies (down 40.0% year-on-year), marking the first year-on-year decrease in three months.
Bankruptcy Information TOP