Japan’s Business Failures in 1st Half Year 2018
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
4029 |
| Year-on-Year basis |
▲5.1％ |
| Jan to Jun 2017 |
4247 |
| Year-on-Year basis |
▲2.4％ |
| Jul to Dec 2017 |
4129 |
| Liabilities |
911,117 million yen |
| Year-on-Year basis |
▲48.4％ |
| Jan to Jun 2017 |
1,765,571 million yen |
| Year-on-Year basis |
＋32.2％ |
| Jul to Dec 2017 |
689,313 million yen |
Highlight and Outstanding Feature
- ■There were 4,029 bankruptcies in the first half of 2018 (4,247 in the same period of the previous year, down 5.1% year-on-year), marking the first decrease compared with the same period of the previous year in two years. This was the lowest figure in the past decade on a half-year basis.
- ■Total liabilities were 911,117 million yen (down 48.4% year-on-year from 1,765,571 million yen in the same period of the previous year), falling below the figure for the same period of the previous year for the first time in two years.
- ■By industry, the number of bankruptcies decreased year-on-year in six of seven industries. Among them, the two industries of the construction industry (716 bankruptcies, down 6.8% year-on-year) and the manufacturing industry (471, down 11.6%) saw the fewest bankruptcies since 2000. In addition, bankruptcies in the wholesale industry (606 bankruptcies, down 6.9% year-on-year) fell year-on-year for the sixth consecutive year.
- ■Looking at recession-induced bankruptcies by industry shows that the retail industry (788 bankruptcies) accounted for the largest share, 24.2%.
- ■There were 70 bankruptcies caused by a labor shortage (49 in the same period of the previous year), up 42.9% year-on-year.
- ■There were 205 post-moratorium bankruptcies (250 in the same period of the previous year), down 18.0% year-on-year.
- ■By region, four of nine regions experienced year-on-year declines. Among them, bankruptcies fell year-on-year by two digits in the three regions of Hokkaido (124 bankruptcies), Kanto (1,412 bankruptcies), and Shikoku (69 bankruptcies).
- ■There was one bankruptcy of a listed company—Japan Drilling Co., Ltd., which had been listed on the First Section of the Tokyo Stock Exchange (Corporate Reorganization Act, June).
- ■The largest amount of liabilities was posted by JAPAN LIFE Co., Ltd. (bankruptcy, March) with liabilities of 240,500 million yen.
Bankruptcy Information TOP