Japan’s Business Failures during April 2016 to Mar 2017
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
8153 |
| From the previous fiscal year |
▲3.0％ |
| Previous Year |
8408 |
| Liabilities |
1,946,515 million yen |
| From the previous fiscal year |
＋2.1％ |
| Previous Year |
1,906,386 million yen |
Highlight and Outstanding Feature
- ■There were 8,153 bankruptcies in FY2016 (8,408 in the previous year, down 3.0% year-on-year), a year-on-year decline for eight consecutive years. However, the amount of year-on-year decrease shrank for the second consecutive year. On a quarterly basis, although the number slightly increased to 2,018 in the second quarter of FY2016 (1,999 in the same period of the previous year), it was lower than the previous year in each of the other quarters.
- ■Liabilities totaled 1,946,515 million yen, up 2.1% year-on-year and the second consecutive year of a year-on-year increase.
- ■By industry, the number of bankruptcies decreased year-on-year in six of seven industries. Among them, the number of bankruptcies in the construction industry (1,558 bankruptcies, down 4.4% year on year) saw a decrease for eight consecutive years, and the figure in the manufacturing industry (1,036 bankruptcies, down 9.7%) fell for the seventh consecutive year.
- ■A total of 118 China risk-related bankruptcies were identified (96 in the previous year), significantly up 22.9% year-on-year.
- ■By region, six of nine regions experienced year-on-year declines. Of these, Kinki saw a year-on-year decline for eight consecutive years, Kanto for seven, Kyushu for five, and Shikoku for two.
- ■Looking at each type of business failure, there were 7,644 bankruptcies (7,881 in the previous year), falling below the 8,000 mark for the second consecutive year, and they accounted for 93.8% of all business failures. Business failures filed under the Civil Rehabilitation Act (226 cases) fell below the previous year for five consecutive years, while those filed under special liquidation (282 cases) exceeded the previous year for the first time in two years. The number of business failures filed under the Corporate Reorganization Act (1 case) was the same as the previous year.
- ■There were no bankruptcies of listed companies for the first time in 26 years, since 1990.
- ■The top level of debt was 500,000 million yen, held by Panasonic Plasma Display Co., Ltd. (special liquidation, November).
Bankruptcy Information TOP