Japan’s Business Failures in 1st Half Year 2019
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
3998 |
| Year-on-Year basis |
▲0.8％ |
| Jan to Jun 2018 |
4029 |
| Liabilities |
750,760 million yen |
| Year-on-Year basis |
▲17.6％ |
| Jan to Jun 2018 |
911,117 million yen |
Highlight and Outstanding Feature
- ■There were 3,998 bankruptcies in the first half of 2019 (4,029 in the same period of the previous year, down 0.8% year-on-year), marking the the second consecutive year of decrease compared with the same period of the previous year. This was the first time since 2005 (14 years ago) that the figure fell below 4,000 on a first-half basis.
- ■Total liabilities in the first half of 2019 were 750,760 million yen (down 17.6% year-on-year from 911,117 million yen in the same period of the previous year); this was the second consecutive year-on-year decrease and the lowest amount for the first half since 2000.
- ■By industry, the number of bankruptcies decreased year-on-year in four of seven industries. Bankruptcies in the construction industry (685 bankruptcies) fell year-on-year for the third consecutive year due to infrastructure improvement and an increase in demand for redevelopment. In addition, in the manufacturing industry (446 bankruptcies), there was a noticeable decline in the number of bankruptcies of companies related to machinery and equipment manufacturing (93 bankruptcies) against the background of strong demand for capital investment.
- ■By region, four of nine regions experienced year-on-year declines. In Hokkaido (121 bankruptcies), the number of bankruptcies of companies related to the retail industry decreased 39.5% year-on-year, reflecting the expansion of demand for tourism including inbound demand. In Chubu (547 bankruptcies), the number of bankruptcies in six industries including the construction industry (91 bankruptcies) fell year-on-year and they fell in the whole region for the first time in three years.
- ■There were 89 bankruptcies caused by a labor shortage (up 27.1% year-on-year), marking the fourth consecutive year of year-on-year increase.
- ■There were 206 bankruptcies caused by a difficulty in finding a successor (up 11.4% year-on-year), marking the second consecutive year of year-on-year increase.
- ■There were 256 post-moratorium bankruptcies (up 24.9% year-on-year), marking the first year-on-year increase in two years.
- ■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