Japan’s Business Failures in 1st Half Year 2021
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
3,083 |
| Year-on-Year basis |
▲21.8％ |
| Jan to Jun 2020 |
3,943 |
| Liabilities |
628,079 million yen |
| Year-on-Year basis |
▲0.6％ |
| Jan to Jun 2020 |
631,679 million yen |
Highlight and Outstanding Feature
- ■There were 3,083 bankruptcies in the first half of 2021, significantly fewer than the same period of the previous year and the lowest ever on a half-year basis.
- ■Total liabilities for the first half of 2021 came to 628,076 million yen, down for the fourth consecutive year from the same period of the previous year.
- ■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, May).
- ■By industry, the number of bankruptcies decreased year-on-year in five of seven industries. Among them, the three industries of the construction industry (530 bankruptcies, down 16.4% year-on-year), the manufacturing industry (324 bankruptcies, down 25.0% year-on-year), and the wholesale industry (397 bankruptcies, down 31.0% year-on-year) saw the fewest bankruptcies ever on a half-year basis.
- ■In terms of primary cause, recession-induced bankruptcies numbered 2,341 (down 26.2% year-on-year), comprising 75.9% (down 4.5 points year-on-year) of the total.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 1,894 (down 21.2% year-on-year), comprising 61.4% of the total.
- ■By region, all regions experienced significant double-digit year-on-year decreases. It was the first time in 11 years, since the first half of 2010, for all regions to see a decrease. In addition, the three regions of Kinki (776 bankruptcies, down 23.6% year-on-year), Tohoku (106 bankruptcies, down 48.5% year-on-year), and Kyushu (228 bankruptcies, down 32.1% year-on-year) saw record lows on a half-year basis.
- ■By form of bankruptcy, there were 2 cases of bankruptcy under the Corporate Reorganization Act, 2,806 cases of bankruptcy, and 107 cases of bankruptcy under the Civil Rehabilitation Act. The number of special liquidations increased by 168, the only increase, and they comprised 5.4% of the total, the highest ever.
- ■There were 50 bankruptcies caused by a labor shortage (down 41.2% year-on-year), marking the second consecutive year of year-on-year decrease.
- ■There were 239 bankruptcies caused by a difficulty in finding a successor (up 0.4% year-on-year), marking the fourth consecutive year of year-on-year increase.
- ■There were 209 post-moratorium bankruptcies (down 19.9% year-on-year), marking the first year-on-year decrease in three years.
Bankruptcy Information TOP