Japan's Business Failures in May 2017
(Released by TEIKOKU DATABANK, LTD.)
There were 784 bankruptcies, marking the third consecutive month of year-on-year increase.
Liabilities totaled 96,172 million yen, marking the lowest value since 2000.
| Bankruptcies |
784 |
| Year-to-Year basis |
＋20.2％ |
| Last Year same month |
652 |
| Month-to-month basis |
＋20.6％ |
| Last month |
650 |
| Liabilities |
96,172 million yen |
| Year-to-Year basis |
▲9.3％ |
| Last Year same month |
106,690 million yen |
| Month-to-month basis |
＋5.1％ |
| Last month |
91,514 million yen |
Highlight and Outstanding Feature
- ■There were 784 bankruptcies, marking a year-on-year increase of 20.2% and exceeding the same month of the previous year for the fourth consecutive month. This was the first time in 7 years and 11 months, since June 2009 (21.5% increase), that an increase of more than 20% was seen. Liabilities totaled 96,172 million yen, up 5.1% from the previous month but down 9.3% compared year-on-year.
- ■By industry, the number of bankruptcies increased year on year in four of seven industries. Of these, the number of bankruptcies increased compared with the same month of the previous year for the third consecutive month in the retail industry (181 bankruptcies, up 44.8% year-on-year). The figure increased for the first time in three months in the real estate industry (30 bankruptcies, up 87.5% year-on-year). Meanwhile, the number of bankruptcies increased for the first time in two months in the manufacturing industry (114 bankruptcies, up 35.7% year-on-year) and the service industry (169 bankruptcies, up 22.5% year-on-year). On the other hand, bankruptcies in the wholesale industry (97, down 5.8% year-on-year) dropped below the same month of the previous year for the first time in two months.
- ■In terms of primary cause, recession-induced bankruptcies numbered 637 (up 14.8% year-on-year), higher than the same month of the previous year for the third consecutive month. They accounted for 81.3% (down 3.8 points) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 467 (up 18.5% year-on-year). These made up 59.6% of all bankruptcies, and as ever the trend in which small-scale bankruptcies account for the majority continued. By capitalization, the number of bankruptcies with capital of less than 10 million yen (including self-operated companies) came to 477, accounting for 60.8% of all bankruptcies.
- ■By region, Kanto saw a year-on-year increase in the number of bankruptcies for the fourth consecutive month, Hokkaido and Chubu for the third consecutive month, while Kinki saw an increase for the first time in two months. In six out of nine regions the number exceeded the same month of the previous year. On the other hand, three regions including Tohoku saw year-on-year decreases.
- ■There were no bankruptcies of listed companies.
- ■The highest amount of liabilities was 5,219 million yen held by Nihon Kobunkan Co., Ltd. (formerly Newton Co., Ltd.) (Tokyo, bankruptcy).
Bankruptcy Information TOP