Japan’s Business Failures in January 2022
(Released by TEIKOKU DATABANK, LTD.)
There were 482 bankruptcies, marking the eighth consecutive month of year-on-year decrease.
Liabilities totaled 67,970 million yen, marking the lowest level for January in 32 years.
| Bankruptcies |
482 |
| Year-to-Year basis |
▲4.7% |
| Last Year same month |
506 |
| Liabilities |
67,970 million yen |
| Year-to-Year basis |
▲25.5% |
| Last Year same month |
91,258 million yen |
Highlight and Outstanding Feature
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. In the construction industry (100 bankruptcies, up from 90 or up 11.1% year-on-year), bankruptcies increased by double digits due to higher material prices and labor costs. On the other hand, in the retail industry (90 bankruptcies, down from 121 or down 25.6% year-on-year), the number of restaurants going bankrupt (33, down from 48 in the same month of the previous year) fell for eight consecutive months, the longest run ever.
- ■In terms of primary cause, recession-induced bankruptcies numbered 388 (391 bankruptcies in the same month of the previous year, down 0.8% year-on-year), marking the eighth consecutive month of year-on-year decrease. They account for 80.5% (up 3.2 points year-on-year) of all bankruptcies.
- ■By scale of liabilities, regarding bankruptcies of companies with liabilities of less than 50 million yen, the construction industry (63 bankruptcies) accounted for 21.4% of the total (up 4.9 points year-on-year), exceeding 20% for the first time in 5 years and 5 months.
- ■By region, six of nine regions experienced year-on-year decreases. In Kinki (123 bankruptcies, down from 141 or down 12.8% year-on-year), bankruptcies decreased significantly, especially for restaurants (12 bankruptcies, down from 19 in the same month of the previous year, or down 36.8%). On the other hand, in Kanto (190 bankruptcies, up from 180 in the same month of the previous year, up 5.6%), the number of bankruptcies in Tokyo (89, up from 77 in the same month of the previous year) rose for the first time in eight months.
- ■There were 10 bankruptcies caused by a labor shortage (8 bankruptcies in the same month of the previous year, up 25.0% year-on-year), marking the first year-on-year increase in two months.
- ■There were 29 bankruptcies caused by a difficulty in finding a successor (31 bankruptcies in the same month of the previous year, down 6.5% year-on-year), marking the first year-on-year decrease in four months.
- ■There were 35 post-moratorium bankruptcies (29 bankruptcies in the same month of the previous year, up 20.7% year-on-year), marking the first year-on-year increase in four months.
Bankruptcy Information TOP