Japan’s Business Failures in December 2022
(Released by TEIKOKU DATABANK, LTD.)
Corporate bankruptcies continued to rise moderately
In December, the scale of bankruptcies shrank, with many bankruptcies occurring in rural areas
There were 592 bankruptcies, marking the eighth consecutive month of year-on-year increase.
Liabilities totaled 68,714 million yen, marking the lowest level for December in 50 years.
|Last Year same month
||68,714 million yen
|Last Year same month
||97,559 million yen
Highlight and Outstanding Feature
- ■There were 592 bankruptcies (501 bankruptcies in the same month of the previous year, up 18.2% year-on-year), marking the eighth consecutive month of year-on-year increase. The period of increase was the same as that between September 2019 and April 2020, and although the number of bankruptcies remained at a low level, it was the longest upward trend since the start of COVID-19.
- ■The total amount of liabilities came to 68,714 million yen (97,559 million yen in the same month of the previous year, down 29.6%), significantly down from the same month of the previous year. This figure was the lowest in 50 years for December since 1972.
- ■By industry, the number of bankruptcies increased year-on-year in all industries excluding the construction industry. Bankruptcies in both the retail industry (to 121 from 101 in the same month of the previous year, up 19.8%) and the wholesale industry (to 73 from 58, up 25.9% year-on-year) with increases in bankruptcies in the food-related industries continuing.
- ■By form, bankruptcies (business failures) grew by more than 100 from the same month last year.
- ■By scale, small-scale microenterprises with liabilities of less than 100 million yen accounted for three-fourths of the total.
- ■By business history, the number of bankruptcies of start-ups with less than 10 years of business was up year-on-year for the tenth consecutive month.
- ■By region, all regions experienced year-on-year increases excluding Chugoku region. There was a large increase in local areas such as Hokkaido (to 16 from 7 in the same month of the previous year, up 128.6%) and Tohoku (to 28 from 18, up 55.6%).
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