Japan’s Business Failures in December 2021
(Released by TEIKOKU DATABANK, LTD.)
Number of bankruptcies was 501, the lowest level for December in 32 years (since 1989).
Liabilities totaled 97,559 million yen, the second consecutive month of year-on-year decrease.
|Last Year same month
||97,559 million yen
|Last Year same month
||145,003 million yen
Highlight and Outstanding Feature
- ■The number of bankruptcies was 501, the smallest figure for December since 2000, and even compared with the year 1999 and earlier, it was the lowest level in 32 years since 1989 (the first year of the Heisei era).
- ■Liabilities totaled 97,559 million yen (down 32.7% year-on-year), marking the second consecutive month of year-on-year decrease.
- ■The largest amount of liabilities was posted by D-PROX Co., Ltd. (Tokyo, bankruptcy) with liabilities of approximately 17,600 million yen.
- ■By industry, the number of bankruptcies decreased year-on-year in five of seven industries. In the retail industry (down to 101 bankruptcies from 132, or 23.5% year-on-year), bankruptcies of companies dealing in apparel and other items decreased due to the impact of the recovery in consumption. Bankruptcies continued to decline year-on-year in B2C industries for the seventh consecutive month, such as in the service industry (down to 110 bankruptcies from 136, or 19.1% year-on-year).
- ■In terms of primary cause, recession-induced bankruptcies numbered 380 (418 bankruptcies in the same month of the previous year, down 9.1% year-on-year), marking the seventh consecutive month of year-on-year decrease. They accounted for 75.8% (up 0.1 points year-on-year) of all bankruptcies..
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 294 (345 bankruptcies in the same month of the previous year, down 14.8% year-on-year) and comprised 58.7% of the total.
- ■By region, five of nine regions experienced year-on-year decreases. Among them, in Kanto (down to 206 bankruptcies from 231, or 10.8% year-on-year) bankruptcies fell by double digits from the same month of the previous year due to a decrease in Tokyo (down year-on-year to 105 from 120). In Kinki (down to 117 bankruptcies from 139, or 15.8% year-on-year) they also fell significantly, by double digits for the seventh consecutive month.
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