Japan’s Business failures in the first half of FY2022
(Released by TEIKOKU DATABANK, LTD.)
Corporate bankruptcies increase in the April to September period for the first time in 3 years
Reversing from a decreasing trend under COVID-19 pandemic to an increase.
There were 3,123 bankruptcies, marking the first increase compared with the same period of the previous year in three years.
Total liabilities came to 1,765,795 million yen, exceeding the 1 trillion yen mark for the first time in five years.
|Apr to Sep 2021
||1,765,795 million yen
|Apr to Sep 2021
||578,470 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■The number of bankruptcies in the first half of fiscal 2022 came to 3,123 (2,938 in the same period last year), up 6.3% year-on-year and the first increase in three years since the first half of fiscal 2019. Although the number of bankruptcies had been falling amid COVID-19, it has been on an increasing trend since May 2022. This was the first increase on a half-year basis since the start of the pandemic.
- ■Total liabilities were 1,765,795 million yen (578,470 million yen in the same period of the previous year, up 205.3%), exceeding the 1 trillion yen mark for the first time in five years since the first half of FY2017.
- ■By industry, the number of bankruptcies increased year-on-year in six industries excluding the retail industry. The construction industry (to 622 bankruptcies from 512 in the same period of the previous year, up 21.5%) saw a double-digit increase in the first half of the fiscal year for the first time in 14 years since FY2008.
- ■By scale, medium-sized bankruptcies of companies with liabilities of 100 million yen to 1 billion yen increased.
- ■By business history, there were 1,014 bankruptcies of companies with a business history of “30 years or more” and 37 “bankruptcies of long-established companies” with a business history of 100 years or more.
- ■By region, seven of nine regions experienced year-on-year increases. For the first half of the fiscal year, Tohoku (to 147 bankruptcies from 107 in the same period of the previous year, up 37.4%) recorded a year-on-year increase of more than 30% for the first time in 20 years.