Japan’s Business Failures in February 2020
(Released by TEIKOKU DATABANK, LTD.)
There were 634 bankruptcies, marking the sixth consecutive month of year-on-year increase.
Liabilities totaled 66,374 million yen, marking the lowest value since 2000.
| Bankruptcies |
634 |
| Year-to-Year basis |
+2.3% |
| Last Year same month |
620 |
| Liabilities |
66,374 million yen |
| Year-to-Year basis |
▲69.6% |
| Last Year same month |
218,156 million yen |
Highlight and Outstanding Feature
- ■There were 634 bankruptcies, marking the sixth consecutive month of year-on-year increase.
- ■Liabilities totaled 66,374 million yen, lower than December 2018, and the lowest value since 2000.
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. Of these, in the manufacturing industry (74 bankruptcies, up 8.8% year-on-year), there was an increase in bankruptcies of companies involved in food and beverage manufacturing (19 bankruptcies, up 46.2% year-on-year). In the retail industry (152 bankruptcies, up 6.3% year-on-year), there was an increase in bankruptcies of companies involved in clothing retail (17 bankruptcies, up 54.5% year-on-year).
- ■In terms of primary cause, recession-induced bankruptcies numbered 496. The composition ratio of such bankruptcies was 78.2%.
- ■In terms of scale, bankruptcies totaling less than 50 million yen numbered 404 and comprised 63.7% of the total.
- ■By region, four of nine regions experienced year-on-year increases. Among them, in Kanto (233 bankruptcies, up 14.8% year-on-year), there was an increase in bankruptcies of companies in the construction and manufacturing industries. In Kyushu (52 bankruptcies, up 20.9% year-on-year), bankruptcies of companies in the retail industry (19 bankruptcies) were conspicuous.
- ■There were 17 bankruptcies caused by a labor shortage (up 13.3% year-on-year). This marked the fourth consecutive month of year-on-year increase.
- ■There were 32 bankruptcies caused by a difficulty in finding a successor (up 3.2% year-on-year). This marked the third consecutive month of year-on-year increase.
- ■There were 36 post-moratorium bankruptcies (down 2.7% year-on-year). This marked the fourth consecutive month of year-on-year decrease.
- ■The largest amount of liabilities was posted by Hara Corporation (Aichi, bankruptcy) with liabilities of 2,180 million yen.
Bankruptcy Information TOP