Japan’s Business Failures in September 2019
(Released by TEIKOKU DATABANK, LTD.)
There were 687 bankruptcies, the first year-on-year increase in two months.
Liabilities totaled 105,916 million yen, the fourth consecutive month of year-on-year decrease.
|Last Year same month
||105,916 million yen
|Last Year same month
||186,762 million yen
Highlight and Outstanding Feature
Bankruptcy Information TOP
- ■There were 687 bankruptcies (up 16.8% year-on-year), marking a year-on-year increase for the first time in two months.
- ■Total liabilities were down 43.3% year-on-year to 105,916 million yen partly due to a reaction to the bankruptcies of Kefir, Inc. (liabilities: 100,194.62 million yen) and its group in the same month last year.
- ■By industry, the number of bankruptcies increased year-on-year in all seven industries. The increase in bankruptcies in all industries was the first time that had happened in 10 years and five months since April 2009. In the manufacturing industry (82 bankruptcies, up 32.3% year-on-year), there was a noticeable increase in bankruptcies of companies involved in metal product manufacturing and machine manufacturing. In the retail industry (155 bankruptcies, up 27.0% year-on-year) the number of bankruptcies increased year-on-year for four months in a row, including those of retailers of textile products such as clothing and sundries (20 bankruptcies, up 11.1% year-on-year) and food and beverage retailers (26 bankruptcies, up 13.0% year-on-year).
- ■In terms of primary cause, recession-induced bankruptcies numbered 569. The composition ratio of such bankruptcies was 82.8%.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 429 (up 19.8% year-on-year) and comprised 62.4% of the total.
- ■By region, five of nine regions experienced year-on-year increases. In Kinki (182 bankruptcies), bankruptcies were up 51.7% year-on-year mainly due to an increase in bankruptcies of companies in the manufacturing industry (24 bankruptcies, up 166.7% year-on-year). On the other hand, in Chubu (89 bankruptcies, down 2.2% year-on-year) bankruptcies fell for the second consecutive month mainly due to a decrease in bankruptcies of companies in the manufacturing industry.
- ■The largest amount of liabilities was posted by Shanghai International Holding Co., Ltd. (Civil Rehabilitation Act, Tokyo), with liabilities of approximately 20,000 million yen.