Japan’s Business Failures in May 2021
(Released by TEIKOKU DATABANK, LTD.)
Bankruptcies numbered 461, a reactionary increase under the first state of emergency.
Total liabilities were 166,447 million yen, boosted by large-scale bankruptcies.
| Bankruptcies |
461 |
| Year-to-Year basis |
+60.1% |
| Last Year same month |
288 |
| Liabilities |
166,447 million yen |
| Year-to-Year basis |
+134.0% |
| Last Year same month |
71,131 million yen |
Highlight and Outstanding Feature
- ■There were 461 bankruptcies (up 60.1% year-on-year), still a low number, but up in reaction to the same month last year.
- ■Total liabilities were 166,447 million yen, up 134.0% from the same month of the previous year due to large-scale bankruptcies.
- ■The largest amount of debt posted by a bankrupt company was about 100,483 million yen, recorded by Tokyo Shoji Co., Ltd. (Tokyo, special liquidation).
- ■By industry, the number of bankruptcies increased year-on-year in all industries. This was the first time in 20 months, since September 2019, for all industries to see an increase. Bankruptcies in the construction industry (84 bankruptcies, up 133.3% year-on-year) increased for the first time in nine months. In the retail industry (100 bankruptcies, up 51.5% year-on-year), the number of bankruptcies of restaurants (49 bankruptcies) marked an increase for the first time in six months. The real estate industry (29 bankruptcies) saw bankruptcies increase for the fifth consecutive month.
- ■In terms of primary cause, recession-induced bankruptcies numbered 347 (up 52.9% year-on-year), marking the first year-on-year increase in ten months. They account for 75.3% (down 3.5 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 281 (up 88.6% year-on-year) and comprised 61.0% of the total.
- ■By region, six of nine regions experienced year-on-year increases. Bankruptcies in Kanto (176 bankruptcies, up 95.6% year-on-year) marked an increase in the Tokyo metropolitan area and five prefectures of the region. Kinki (111 bankruptcies, up 113.5% year-on-year) also saw them double year-on-year. On the other hand, in the three regions of Tohoku, Shikoku, and Kyushu the number of bankruptcies continued to decline, carrying on from the previous month.
- ■There were 5 bankruptcies caused by a labor shortage (up 150.0% year-on-year), marking the first year-on-year increase in nine months.
- ■There were 38 bankruptcies caused by a difficulty in finding a successor (up 100.0% year-on-year), marking the first year-on-year increase in two months.
- ■There were 32 post-moratorium bankruptcies (up 23.1% year-on-year), marking the first year-on-year increase in two months.
Bankruptcy Information TOP