Japan’s Business Failures in September 2022
(Released by TEIKOKU DATABANK, LTD.)
Increasing trend in corporate bankruptcies continues for the first time during the COVID-19 pandemic
Small- and Medium-Sized Bankrupt Entities Show Signs of Having Larger Liabilities
There were 583 bankruptcies, marking the fifth consecutive month of year-on-year increase.
Liabilities totaled 135,031 million yen, exceeding 100 billion yen for the second consecutive month for the first time in two years and two months.
| Bankruptcies |
583 |
| Year-to-Year basis |
+13.9% |
| Last Year same month |
512 |
| Liabilities |
135,031 million yen |
| Year-to-Year basis |
+47.7% |
| Last Year same month |
91,425 million yen |
Highlight and Outstanding Feature
- ■There were 583 bankruptcies (512 bankruptcies, up 13.9% year-on-year), marking the fifth consecutive month of year-on-year increase. In particular, the first upward trend in bankruptcies (that has continued since May 2022) amid the pandemic appears to be accelerating, with bankruptcies recording a double-digit year-on-year increase for the first time in four months.
- ■The total amount of liabilities came to 135,031 million yen (91,425 million yen in the same month of the previous year, up 47.7%), an increase from the same month of the previous year for the fourth consecutive month. They exceeded 100 billion yen for the second consecutive month for the first time in two years and two months since July 2020.
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. They increased in the construction industry in particular (to 125 bankruptcies from 94 in the same month of the previous year). In addition, the service industry (to 157 bankruptcies from 134) saw an increase for seven months in a row for the first time in about 13 years.
- ■By primary cause, there were 421 recession-induced bankruptcies, up year-on-year for the fifth consecutive month for the first time since the start of the pandemic.
- ■By business history, the number of bankruptcies of companies that had a business history of "30 years or more" continued to be the highest, and the number of bankruptcies of start-up companies with a business history of less than 10 years continued to increase.
- ■By region, six of nine regions experienced year-on-year increases. Tohoku (to 28 bankruptcies from 12 in the same month of the previous year, up 133.3%) saw an increase for nine months in a row for the first time in about 16 years.
Bankruptcy Information TOP