Japan’s Business Failures during April 2018 to Mar 2019
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
8,057 |
| From the previous fiscal year |
▲2.8％ |
| Previous Year |
8,285 |
| Liabilities |
1,554,809 million yen |
| From the previous fiscal year |
▲40.0％ |
| Previous Year |
2,593,226 million yen |
Highlight and Outstanding Feature
- ■The number of bankruptcies in FY2018 fell to 8,057 (8,285 in the previous fiscal year, down 2.8% year-on-year), dropping for the first time in two years, and marking the fewest bankruptcies in 10 years since the financial crisis of 2008.
- ■Total liabilities came to 1,554,809 million yen (2,593,226 million yen in the previous fiscal year, down 40.0% year-on-year), going below the previous fiscal year for the first time in four years, and marking the smallest amount since FY2000.
- ■By industry, the number of bankruptcies decreased year-on-year in five of seven industries. Of these, the construction industry, manufacturing industry, wholesale industry, and real estate industry marked the lowest value since FY2000. Bankruptcies in the construction industry (1,375 bankruptcies ) fell 11.8% year-on-year due to infrastructure improvement and an increase in demand for redevelopment.
- ■In terms of primary cause, recession-induced bankruptcies numbered 6,400, down 5.7% year-on-year. They account for 79.4% (down 2.5 points year-on-year) of all bankruptcies.
- ■In terms of liabilities, bankruptcies of companies with liabilities totaling less than 50 million yen numbered 4,951 (down 2.2% year-on-year). The ratio of these to all bankruptcies has risen for six consecutive years and at 61.4% (up 0.3 points year-on-year) it marked the highest since FY2000.
- ■By region, four of nine regions experienced year-on-year declines. Bankruptcies in Kanto (2,895 bankruptcies, down 3.7% year-on-year) fell year-on-year for the ninth consecutive year, and in particular Tokyo (1,532 bankruptcies, down 2.7% year-on-year) marked the fewest since FY2000.
- ■There were 169 bankruptcies caused by a labor shortage (up 48.2% year-on-year), marking the fifth consecutive year of year-on-year increase.
- ■The largest amount of liabilities was posted by MT Picture Display Co., Ltd. (Osaka, special liquidation) with liabilities of 105,000 million yen.
Bankruptcy Information TOP