Japan’s Business Failures in September 2021
(Released by TEIKOKU DATABANK, LTD.)
There were 512 bankruptcies, marking the lowest figure for September since 2000.
Liabilities totaled 91,425 million yen, the second consecutive month of year-on-year increase.
|Last Year same month
||94,621 million yen
|Last Year same month
||67,996 million yen
Highlight and Outstanding Feature
- ■There were 512 bankruptcies (down 15.0% year-on-year), marking the lowest figure for September since 2000.
- ■Total liabilities came to 91,425 million yen (up 34.5% year-on-year), and although the number of bankruptcies has continued to decline, this figure went up for the second consecutive month due to an increase in bankruptcies of companies with liabilities of 100 million yen or more.
- ■The largest amount of liabilities was posted by Degipoke Co., Ltd. (Tokyo, bankruptcy) with liabilities of approximately 10,100 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in six of seven industries. The number of bankruptcies fell by double digits year-on-year for the fourth consecutive month in the construction industry (94 bankruptcies, down 10.5% year-on-year) and the retail industry (99 bankruptcies, down 34.9% year-on-year). On the other hand, the transportation and telecommunications industry (23 bankruptcies, up 109.1% year-on-year) was the only one that saw the figure go up year-on-year due to the increase in bankruptcies of companies in the freight transportation industry.
- ■In terms of primary cause, recession-induced bankruptcies numbered 389 (down 17.2% year-on-year), marking the fourth consecutive month of year-on-year decrease. They account for 76.0% (down 2.1 points year-on-year) of all bankruptcies..
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 326 (down 22.0% year-on-year) and comprised 63.7% of the total.
- ■By region, six of nine regions experienced year-on-year decreases. Among them, Tohoku (12 bankruptcies, down 42.9% year-on-year) marked a decrease for the fifteenth consecutive month. Kanto (183 bankruptcies, down 22.5% year-on-year) saw the figure continue to go down, with double-digit declines for the fourth consecutive month. Also, bankruptcies in Hokuriku (8 bankruptcies, down 46.7%) posted the second-lowest level ever.
- ■On the other hand, the two regions of Hokkaido (17 bankruptcies, up 30.8% year-on-year) and Kyushu (43 bankruptcies, up 10.3% year-on-year) experienced year-on-year increases.
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