Japan’s Business failures in the first half of FY2021
(Released by TEIKOKU DATABANK, LTD.)
There were 2,938 bankruptcies, going under 3,000 for the first time in 55 years since 1966.
Liabilities totaled 578,470 million yen, the first year-on-year decrease in two years.
| Bankruptcies |
2,938 |
| Year-on-Year basis |
▲25.7％ |
| Apr to Sep 2020 |
3,956 |
| Liabilities |
578,470 million yen |
| Year-on-Year basis |
▲3.8％ |
| Apr to Sep 2020 |
601,250 million yen |
Highlight and Outstanding Feature
- ■There were 2,938 bankruptcies in the first half of FY2021, going under 3,000 for the first time in 55 years since 1966.
- ■Total liabilities for the first half of FY2021 came to 578,470 million yen, down for the first time in two years from the same period of the previous year.
- ■The largest amount of debt posted by a bankrupt company was about 100,483 million yen, recorded by Tokyo Shoji Co., Ltd. (Tokyo, special liquidation, May).
- ■By industry, the number of bankruptcies decreased year-on-year in six of seven industries. Among them, the construction industry (512 bankruptcies, down 15.5% year-on-year), the manufacturing industry (324 bankruptcies, down 26.2% year-on-year), the wholesale industry (373 bankruptcies, down 27.4% year-on-year) and the real estate industry (109 bankruptcies, down 11.4% year-on-year) saw the fewest bankruptcies ever on a half-year basis since 2000.
- ■In terms of primary cause, recession-induced bankruptcies numbered 2,248 (down 28.8% year-on-year), the fewest ever on a half-year basis since 2000.
- ■In terms of liabilities, bankruptcies totaling less than 50 million yen numbered 1,777 (down 28.1% year-on-year). These made up 60.5% of all bankruptcies (down 2.0 points year-on-year), and the trend in which small-scale bankruptcies account for the majority continues.
- ■By region, all regions experienced double-digit year-on-year decreases. In particular, the six regions of Hokkaido (65 bankruptcies, down 31.6% year-on-year), Tohoku (107 bankruptcies, down 37.1% year-on-year), Chubu (405 bankruptcies, down 28.4% year-on-year), Kinki (750 bankruptcies, down 30.1% year-on-year), Chugoku (121 bankruptcies, down 35.6% year-on-year) and Kyushu (225 bankruptcies, down 22.9% year-on-year) saw the fewest on a half-year basis since 2000.
- ■By mode, the number of bankruptcies under the Civil Rehabilitation Act came to 89, going under 100 for the first time since the enforcement of that Act began.
- ■There were 49 bankruptcies caused by a labor shortage (down 24.6% year-on-year), marking the second consecutive year of year-on-year decrease..
- ■There were 218 bankruptcies caused by a difficulty in finding a successor (down 5.2% year-on-year), marking the first year-on-year decrease in four years.
- ■There were 210 post-moratorium bankruptcies (down 20.8% year-on-year), marking the first year-on-year decrease in three years
Bankruptcy Information TOP