Japan's Business Failures in February 2016
(Released by TEIKOKU DATABANK, LTD.)
There were 656 bankruptcies, the first year-on-year increase in two months.
Liabilities totaled 155,168 million yen, marking the second consecutive month of year-of-year decrease.
| Bankruptcies |
656 |
| Year-to-Year basis |
+4.6％ |
| Last Year same month |
627 |
| Month-to-month basis |
▲3.2％ |
| Last month |
678 |
| Liabilities |
155,168 million yen |
| Year-to-Year basis |
▲6.1％ |
| Last Year same month |
165,283 million yen |
| Month-to-month basis |
+16.6％ |
| Last month |
133,047 million yen |
Highlight and Outstanding Feature
- ■There were 656 bankruptcies, marking a year-on-year increase of 4.6% and the first increase in two months. This is the fourth lowest value recorded for February since 2000. Liabilities totaled 155,168 million yen, marking a 6.1% year-on-year decrease and the second consecutive month of such decrease.
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. Of these, the real estate industry (20 bankruptcies, up 33.3% year-on-year) marked the fourth consecutive month of increase, and the construction industry (138 bankruptcies, up 16.9%) marked the second month of the same. This is the first time in the four years and nine months since May 2011, directly after the Great East Japan Earthquake, that the construction industry marked year-on-year increases for two consecutive months.
- ■In terms of primary cause, recession-induced bankruptcies numbered 553, up 3.8% year-on-year.
- ■Bankruptcies totaling less than 50 million yen numbered 353 (up 3.8% year-on-year) and comprised 53.8% of the total. By capitalization, bankruptcies of self-financed companies and companies with less than 10 million yen in capitalization numbered 384 (58.5% of the total), and the ratio of bankruptcies with liabilities over 100 million yen (1.7%) increased for two consecutive months for the first time in fourteen months.
- ■By region, six of nine regions experienced year-on-year increases. Of these, two regions, Chubu (97 bankruptcies, up 27.6% year-on-year) and Tohoku (28 bankruptcies, up 12.0%) marked double digit year-on-year increases. On the other hand, two regions, Chugoku (22 bankruptcies, down 38.9%) and Shikoku (13 bankruptcies, down 27.8%), marked double digit year-on-year decreases.
- ■There were no bankruptcies of listed companies.
- ■The largest amount of liabilities was posted by Dokan Co., Ltd. (Hokkaido, special liquidation) with liabilities of 14,100 million yen. Following behind were Coop Joint Development Co., Ltd. (Hokkaido, special liquidation) with 8,700 million yen, Arts Securities Co., Ltd. (Tokyo, bankruptcy) with 5,914 million yen, and CDS Construction Group Co., Ltd. (Tokyo, special liquidation) with 5,320 million yen.
Bankruptcy Information TOP