Japan’s Business Failures in March 2022
(Released by TEIKOKU DATABANK, LTD.)
There were 587 bankruptcies, marking the tenth consecutive month of year-on-year decrease.
This period of decrease is the longest since the COVID-19 pandemic began.
Liabilities totaled 182,582 million yen, the second consecutive month of year-on-year increase.
|Last Year same month
||182,582 million yen
|Last Year same month
||140,053 million yen
Highlight and Outstanding Feature
- ■There were 587 bankruptcies (down 9.4% year-on-year), marking the tenth consecutive month of year-on-year decrease. A decrease in bankruptcies for 10 consecutive months or more is the longest since the COVID-19 pandemic began, exceeding the period from August 2020 to April 2021 (nine consecutive months).
- ■Liabilities totaled 182,582 million yen (up 30.4% year-on-year), marking the second consecutive month of year-on-year increase. There were four large-scale bankruptcies of companies with liabilities of 10 billion yen or more, the highest number since March 2020 when COVID-19 was taking hold.
- ■The largest amount of liabilities was posted by HOPE ENERGY, INC. (Fukuoka Prefecture, bankruptcy) with liabilities of approximately 30,000 million yen.
- ■By industry, the service industry (to 148 bankruptcies from 140 in the same month of the previous year, up 5.7%) saw an increase for the first time in 10 months. On the other hand, the trends differed between industries and bankruptcy numbers did not move uniformly. For example, the two distribution industries of the wholesale industry (to 71 bankruptcies from 82, down 13.4% year-on-year) and the retail industry (to 119 bankruptcies from 164, down 27.4%) saw falls.
- ■By primary cause, the total number of "recession-induced bankruptcies" came to 459 (505 in the same month of the previous year, down 9.1%), a decrease for the first time in two months. Meanwhile, bankruptcies due to "bad management" and "failure in capital investment" increased.
- ■By size of liabilities, there were 349 bankruptcies of companies with liabilities of less than 50 million yen (411 in the same month of the previous year), decreasing for 10 consecutive months. On the other hand, there were four bankruptcies of companies with liabilities of 10 billion yen or more, the highest number in seven years since March 2015.
- ■By region, the figure decreased in five out of nine regions, and Shikoku (to 7 bankruptcies from 14 in the same month of the previous year, down 50.0%) saw the number halve. On the other hand, in Tohoku (to 45 bankruptcies from 29 in the same month of the previous year, up 55.2%), the number of bankruptcies exceeded 40 for the first time in 1 year and 9 months. In Kyushu (to 61 bankruptcies from 46, up 32.6% year-on-year), the service industry including the accommodation industry saw a high level of bankruptcies for the first time in three years and nine months.
Bankruptcy Information TOP