Japan’s Business Failures in April 2022
(Released by TEIKOKU DATABANK, LTD.)
Bankruptcies will continue to be suppressed under the continual depreciation of the yen and high prices
Rate of decline is almost flat, and there is a limit to how much coronavirus loans can suppress bankruptcies.
There were 487 bankruptcies, marking the lowest figure for April ever.
Liabilities totaled 72,017 million yen, marking the first year-on-year decrease in three months.
|Last Year same month
||72,017 million yen
|Last Year same month
||79,990 million yen
Highlight and Outstanding Feature
- ■By industry, the number of bankruptcies decreased year-on-year in five of seven industries. In the retail industry (94 bankruptcies from 124 in the same month of the previous year, down 24.2%), the number of bankruptcies of restaurants decreased significantly, and also the total fell by double digits year-on-year for the second consecutive month. On the other hand, in the service industry (139 bankruptcies from 107 in the same month of the previous year, up 29.9%), the figure rose for the second consecutive month.
- ■By main cause, recession-induced bankruptcies accounted for 75.4% of the total, the lowest level in 15 years for April.
- ■In terms of scale, bankruptcies totaling less than 50 million yen liabilities numbered 290 and comprised 59.5% of the total.
- ■By region, five of nine regions experienced year-on-year increases. In Kinki (141 bankruptcies from 126, up 11.9% year-on-year), the number started to increase for the first time in 11 months. In Tohoku (24 bankruptcies from 15, up 60.0% year-on-year), the number was up over 50% year-on-year for the fourth consecutive month, as the significant increase continued.
- ■By form, there were 13 bankruptcies under the Civil Rehabilitation Act, a double-digit decrease year-on-year for the third consecutive month.
- ■There were 7 bankruptcies caused by a labor shortage (8 in the same month of the previous year, down 12.5% year-on-year), marking the first year-on-year decrease in four months.
- ■There were 44 bankruptcies caused by a difficulty in finding a successor (36 bankruptcies in the same month of the previous year, up 22.2% year-on-year), marking the first year-on-year increase in two months.
- ■There were 32 bankruptcies after the introduction of the coronavirus loan system (a government system to lend to companies affected by the COVID-19 pandemic) (15 in the same month of the previous year, up 113.3%), a year-on-year increase for the tenth consecutive month.
Bankruptcy Information TOP