Japan’s Business Failures in October 2022
(Released by TEIKOKU DATABANK, LTD.)
Corporate bankruptcies up 82 from the same month of last year
Expected to reach 6,200 to 6,300 in 2022, the first increase in 3 years
There were 594 bankruptcies, marking the sixth consecutive month of year-on-year increase.
Total liabilities came to 80,626 million yen. This marked the first year-on-year decrease in five months, since May 2022.
|Last Year same month
||80,626 million yen
|Last Year same month
||96,727 million yen
Highlight and Outstanding Feature
- ■There were 594 bankruptcies (512 bankruptcies in the same month of last year, up 16.0% year-on-year), marking the sixth consecutive month of year-on-year increase. Excluding May 2021, which saw a rebound increase from the same month last year, the number of bankruptcies grew 82 from the same month last year, the first increase of this size in two years and six months since April 2020 (107). The trend for an increase in bankruptcies under COVID-19 pandemic has continued since May 2022.
- ■Liabilities totaled 80,626 million yen (96,727 million yen in the same period last year, down 16.6% year-on-year), marking the first year-on-year decrease in five months since May 2022.
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. In particular, the manufacturing industry (to 73 bankruptcies from 53 in the same month of the previous year, up 37.7%) saw a significant increase. In addition, the retail industry (to 131 bankruptcies from 112, up 17.0%) saw an increase for the second consecutive month.
- ■By size, the number of bankruptcies of small and medium-sized enterprises increased. The number of bankruptcies of companies with liabilities of 1,000 million yen or more recorded single digits for the first time in four years and six months.
- ■By business history, the number of bankruptcies of new companies with less than 10 years of business rose sharply, marking the first increase for 8 consecutive months in two years and six months.
- ■By region, all regions experienced year-on-year increases. Tohoku (to 45 bankruptcies from 26 in the same month of the previous year, up 73.1%) saw an increase for the tenth consecutive month, the longest such stretch in the last 20 years.
Bankruptcy Information TOP