Japan’s Business Failures during January to December 2018
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
8063 |
| Year-over-Year basis |
▲3.7％ |
| Previous Year |
8376 |
| Liabilities |
1,625,552 million yen |
| Year-over-Year basis |
▲33.8％ |
| Previous Year |
2,454,884 million yen |
Highlight and Outstanding Feature
- ■There were 8,063 bankruptcies in 2018 (8,376 in the previous year, down 3.7% year-on-year), marking the first decrease compared with the previous year in two years. In terms of months, in 9 months out of 12 the number of bankruptcies was lower than the same month of the previous year.
- ■Total liabilities came to 1,625,552 million yen (2,454,884 million yen in the previous year, down 33.8% year-on-year), going below the previous year for the first time in two years, and marking the smallest amount since 2000.
- ■By industry, the number of bankruptcies decreased year-on-year in six of seven industries. Among them, the three industries of the construction industry (1,414 bankruptcies, down 10.0% year-on-year), the manufacturing industry (927 bankruptcies, down 9.7% year-on-year), and the wholesale industry (1,202 bankruptcies, down 5.8% year-on-year) saw the fewest bankruptcies since 2000.
- ■There were 153 bankruptcies caused by a labor shortage (106 in the previous year), up 44.3% year-on-year.
- ■There were 401 bankruptcies caused by a difficulty in finding a successor (341 in the previous year), up 17.6% year-on-year.
- ■By region, four of nine regions experienced year-on-year declines. Of these, Chubu (1,237 bankruptcies, down 1.3% year-on-year) saw a year-on-year decrease for the first time in three years, while the three regions of Hokkaido (216, down 18.5% year-on-year), Kanto (2,878, down 8.0% year-on-year), and Kinki (2,053, down 5.6% year-on-year) marked year-on-year decreases for the first time in two years.
- ■Looking at each type of business failure, there were 7,502 bankruptcies (down 4.2% year-on-year), 307 special liquidations (down 0.3% year-on-year), and 252 failures filed under the Civil Rehabilitation Act (up 9.6% year-on-year).
- ■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