Japan’s Business Failures in 1st Half Year 2017
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
4247 |
| Year-on-Year basis |
＋3.2％ |
| Jan to Jun 2016 |
4114 |
| From the previous fiscal half |
＋4.9％ |
| Jul to Dec 2016 |
4050 |
| Liabilities |
865,820 million yen |
| Year-on-Year basis |
＋12.8％ |
| Jan to Jun 2016 |
767,796 million yen |
| From the previous fiscal half |
▲29.3％ |
| Jul to Dec 2016 |
1,223,887 million yen |
Highlight and Outstanding Feature
- ■There were 4,247 bankruptcies in the first half of 2017 (4,114 in the same period last year, up 3.2% compared with the same period of the previous year). This was the first increase compared with the same period of the previous year in eight years, and the first increase in five years compared with the previous term. On a quarterly basis, the number fell slightly in the first quarter of 2017 from the same period last year (2,062 bankruptcies, down 0.5% year on year), but increased compared with the same period of the previous year in the second quarter (2,185 bankruptcies, up 7.1%) year on year. Hence, signs of changing trends were seen.
- ■The total debt amounted to 865,820 million yen, the first increase from the same period last year in five years.
- ■By industry, the number of bankruptcies increased compared with the same period of the previous year in five of seven industries. In the retail industry, the figure increased for the first time in five years since the first half of 2012, while in the manufacturing industry it exceeded the same period of the last year for the first time in four and a half years, since the second half of 2012.
- ■A total of 54 China risk bankruptcies were identified (59 in the same period of the previous year), and this was down 8.5% compared with the same period of the previous year.
- ■There were 20 cases of weak yen-related bankruptcies (down 74.7% compared with the same period of the previous year), and 8 strong yen-related bankruptcies (down 76.5% from the same period last year).
- ■There were 250 post-moratorium bankruptcies (194 in the same period of the last year, up 28.9% year-on-year).
- ■By region, this figure exceeded that of the same period in the last year in six out of nine regions, and in the three regions of Hokkaido, Kanto and Chubu the number of bankruptcies increased compared with the same period of the previous year for the second consecutive half-year period.
- ■There was one bankruptcy of a company listed on the first section of the Tokyo Stock Exchange: Takata Corporation (Civil Rehabilitation Act, June).
- ■The largest amount of liabilities was posted by Takata Corporation (Civil Rehabilitation Act, June), with liabilities of 182,633 million yen.
Bankruptcy Information TOP