Japan’s Business Failures in November 2021
(Released by TEIKOKU DATABANK, LTD.)
There were 468 bankruptcies, marking the lowest figure for November.
Liabilities totaled 81,497 million yen, marking the lowest level for November in 48 years.
| Bankruptcies |
468 |
| Year-to-Year basis |
▲16.9% |
| Last Year same month |
563 |
| Liabilities |
81,497 million yen |
| Year-to-Year basis |
▲14.4% |
| Last Year same month |
95,212 million yen |
Highlight and Outstanding Feature
- ■By industry, the number of bankruptcies decreased year-on-year in six of seven industries. Bankruptcies continue to decline in B2C industries such as the service industry (from 145 bankruptcies to 125, down 13.8% year-on-year) and the retail industry (from 134 bankruptcies to 89, down 33.6% year-on-year).
- ■In terms of primary cause, recession-induced bankruptcies numbered 363 (429 bankruptcies in the same month of the previous year, down 15.4% year-on-year), marking the sixth consecutive month of year-on-year decrease. They account for 77.6% (up 1.4 points year-on-year) of all bankruptcies.
- ■By size of liabilities, the proportion of medium-sized bankruptcies of companies owing 100 million yen or more but less than 1 billion yen increased for the fourth consecutive month.
- ■By region, six of nine regions experienced large double-digit year-on-year decreases. In the Kanto region (from 185 bankruptcies to 151, down 18.4% year-on-year), Tokyo saw the lowest figure in the past 40 years for November. On the other hand, in Tohoku (from 22 bankruptcies to 27, up 22.7% year-on-year) bankruptcies increased for the first time in 17 months since June 2020.
- ■There were 9 bankruptcies caused by a labor shortage (7 bankruptcies in the same month of the previous year, up 28.6% year-on-year), marking the second consecutive month of year-on-year increase.
- ■There were 44 bankruptcies caused by a difficulty in finding a successor (34 bankruptcies in the same month of the previous year, up 29.4% year-on-year), marking the second consecutive month of year-on-year increase.
- ■There were 21 post-moratorium bankruptcies (28 bankruptcies in the same month of the previous year, down 25.0% year-on-year), marking the second consecutive month of year-on-year decrease.
Bankruptcy Information TOP