Japan’s Business Failures in July 2021
(Released by TEIKOKU DATABANK, LTD.)
There were 490 bankruptcies, a significant reactionary decrease year-on-year.
Liabilities totaled 73,404 million yen, marking the lowest figure for July ever.
| Bankruptcies |
490 |
| Year-to-Year basis |
▲42.1% |
| Last Year same month |
847 |
| Liabilities |
73,404 million yen |
| Year-to-Year basis |
▲30.0% |
| Last Year same month |
104,801 million yen |
Highlight and Outstanding Feature
- ■There were 490 bankruptcies (down 42.1% from the same month of the previous year), a reactionary decrease year-on-year, and the lowest figure for July ever.
- ■Liabilities totaled 73,404 million yen (down 30.0% year-on-year), marking the lowest value for July ever.
- ■The largest amount of liabilities was posted by Sharp Document 21yoshida Co., Ltd. (Miyagi, Civil Rehabilitation Act) with liabilities of approximately 8,274 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year by double digits in all industries. Four industries—the manufacturing industry (53 bankruptcies, down 49.5% year-on-year), construction industry (71 bankruptcies, down 40.8% year-on-year), wholesale industry (69 bankruptcies, down 35.5% year-on-year), and real estate industry (14 bankruptcies, down 41.7% year-on-year)—marked new record lows in July.
- ■In terms of primary cause, recession-induced bankruptcies numbered 387 (down 42.6% year-on-year), the first decrease in two months. They account for 79.0% (down 0.6 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 305 (down 42.5% year-on-year) and comprised 62.2% of the total.
- ■By region, bankruptcies in all regions decreased by double digits year-on-year for the second consecutive month. Chugoku (15 bankruptcies, down 64.3% year-on-year) saw them decrease by more than 60%, and in Hokuriku (16 bankruptcies, down 51.5% year-on-year) they also fell by half year-on-year. In Kanto (177 bankruptcies, down 43.8% year-on-year) and Kinki (134 bankruptcies, down 41.2% year-on-year) they both decreased by double digits in the whole area.
- ■There were 9 bankruptcies caused by a labor shortage (up 50.0% year-on-year), marking the first year-on-year increase in two months.
- ■There were 33 bankruptcies caused by a difficulty in finding a successor (down 28.3% year-on-year), marking the first year-on-year decrease in three months.
- ■There were 30 post-moratorium bankruptcies (down 41.2% year-on-year), marking the two consecutive month of year-on-year decrease.
Bankruptcy Information TOP