Japan’s Business Failures during April 2020 to Mar 2021
(Released by TEIKOKU DATABANK, LTD.)
| Bankruptcies |
7,314 |
| From the previous fiscal year |
▲13.8% |
| Previous Year |
8,480 |
| Liabilities |
1,217,469 million yen |
| From the previous fiscal year |
▲0.1% |
| Previous Year |
1,218,789 million yen |
Highlight and Outstanding Feature
- ■There were 7,314 bankruptcies in FY2020 (8,480 in the previous year, down 13.8% year-on-year), the second-lowest level after FY2000. 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 in FY2020 came to 1,217,469 million yen (1,218,789 million yen in the previous fiscal year, down 0.1% year-on-year), going below the previous fiscal year for the third consecutive year, and marking the smallest amount since FY2000.
- ■By industry, the number of bankruptcies decreased year-on-year in all seven industries. Among them, the construction industry (1,167 bankruptcies, down 19.6% year-on-year) saw significantly fewer cases than the record low of 1,375 in FY2018, and reached an all-time low.
- ■In terms of primary cause, recession-induced bankruptcies numbered 5,726 (down 14.8% year-on-year). They account for 78.3% (down 1.0 points year-on-year) of all bankruptcies.
- ■In terms of liabilities, bankruptcies of companies with liabilities totaling less than 50 million yen numbered 4,618 (down 12.6% year-on-year). The ratio of such bankruptcies to all business failures has risen for eight consecutive years, and small-scale bankruptcies continue to increase.
- ■By region, all regions experienced year-on-year declines. Hokkaido (169 bankruptcies, down 15.9% year-on-year) saw the lowest number ever on a yearly basis. Tohoku (301 bankruptcies, down 29.3% year-on-year) also set a new record low. Kinki (1,973 bankruptcies, down 8.5% year-on-year) fell below 1,000 cases for the first time in 20 years (since FY2000).
- ■There were 120 bankruptcies caused by a labor shortage (down 38.1% year-on-year), marking the first year-on-year decrease in seven years.
- ■There were 445 bankruptcies caused by a difficulty in finding a successor (down 7.1% year-on-year), marking the third consecutive year of year-on-year decrease.
- ■There were 475 post-moratorium bankruptcies (down 4.6% year-on-year), marking the fifth consecutive year of year-on-year decrease.
- ■The largest amount of liabilities was posted by Diamet Corporation (Niigata, Civil Rehabilitation Act), with liabilities of approximately 57,790 million yen.
Bankruptcy Information TOP