Japan’s Business Failures in May 2022
(Released by TEIKOKU DATABANK, LTD.)
Sudden change, with business failures increasing for the first time in 12months following corporate
There were 517 bankruptcies, up year-on-year for the first time in a year.
Liabilities totaled 78,540 million yen, down year-on-year for the second month in a row.
| Bankruptcies |
517 |
| Year-to-Year basis |
+12.1% |
| Last Year same month |
461 |
| Liabilities |
78,540 million yen |
| Year-to-Year basis |
▲52.8% |
| Last Year same month |
166,447 million yen |
Highlight and Outstanding Feature
- ■By industry, the number of bankruptcies increased year-on-year in five of seven industries. The service industry (to 124 bankruptcies from 110 in the same month of the previous year, up 12.7%) saw bankruptcies increase by double digits from the same month of the previous year for the second consecutive month. On the other hand, in the retail industry (to 87 bankruptcies from 100 in the same month of the previous year, down 13.0%), bankruptcies of restaurants (to 33 from 49 in the same month of the previous year) fell by double digits for the third consecutive month.
- ■In terms of primary cause, recession-induced bankruptcies numbered 396 (347 in the same month of the previous year, up 14.1% year-on-year), up year-on-year for the first time in three months. They accounted for 76.6% (up 1.3 points year-on-year) of all bankruptcies.
- ■In terms of scale, bankruptcies totaling less than 50 million yen liabilities numbered 292 and comprised 56.5% of the total.
- ■By region, eight regions experienced year-on-year increases excluding Hokuriku. In the three regions of Hokkaido (to 24 bankruptcies from 12 in the same month of the previous year), Tohoku (to 24 bankruptcies from 12 in the same month of the previous year), and Shikoku (to 13 bankruptcies from 6 in the same month of the previous year), the number doubled year-on-year.
- ■By type, there were 483 bankruptcies (accounting for 93.4% of all business failures) and 20 special liquidations (accounting for 3.9% of all business failures).
- ■There were 8 bankruptcies caused by a labor shortage (5 bankruptcies in the same month of the previous year, up 60.0% year-on-year), marking the first year-on-year increase in three months.
- ■There were 45 bankruptcies caused by a difficulty in finding a successor (38 bankruptcies in the same month of the previous year, up 18.4% year-on-year), marking the second consecutive month of year-on-year increase.
- ■There were 41 bankruptcies after the introduction of the coronavirus loan system (a government system to lend to companies affected by the COVID-19 pandemic), and this number has exceeded 300 in 1 year and 11 months from the start of counting such bankruptcies.
Bankruptcy Information TOP