Japan’s Business Failures in November 2022
(Released by TEIKOKU DATABANK, LTD.)
Up 102 from the same month of the previous year, the trend for increase has accelerated
Year-on-year increase in 2022 for the first time in three years
There were 570 bankruptcies, marking the seventh consecutive month of year-on-year increase.
Total liabilities came to 128,627 million yen. Exceeded 100 billion yen in November for the first time in three years.
| Bankruptcies |
570 |
| Year-to-Year basis |
+21.8％ |
| Last Year same month |
468 |
| Liabilities |
128,627 million yen |
| Year-to-Year basis |
+57.8％ |
| Last Year same month |
81,497 million yen |
Highlight and Outstanding Feature
- ■There were 570 bankruptcies (468 bankruptcies in the same month of the previous year, up 21.8% year-on-year), marking the seventh consecutive month of year-on-year increase. In November, the number of bankruptcies grew by more than 100 year-on-year, the same level as in 2008, immediately after the start of the global financial crisis. The trend for an increase in bankruptcies amid the COVID-19 pandemic has accelerated since May 2022.
- ■Total liabilities were 128,627 million yen (81,497 million yen, up 57.8% year-on-year). The figure was up sharply from the same month the previous year, partly due to legal liquidation of several companies of the ISE Foods Inc. Group , a major egg company. In November, total liabilities exceeded 100 billion yen for the first time in three years since 2019.
- ■By industry, the number of bankruptcies increased year-on-year in all industries. Bankruptcies in both the manufacturing industry (from 56 in the same month of the previous year to 70, up 25.0%) and the retail industry (from 89 to 104, up 16.9% year-on-year) were conspicuous in the food-related industries.
- ■By primary cause, the number of bankruptcies due to "manager's illness or death" is expected to exceed the record high of 2021 for the whole year.
- ■By size, the number of bankruptcies of companies with liabilities of less than 50 million yen came to 315, up sharply for small and midsize firms.
- ■By region, bankruptcies rose in seven of the nine regions from the same month of the previous year, marking the second consecutive month of increase for all prefectures. In Kanto (to 214 bankruptcies from 151 in the same month of the previous year, up 41.7%), Tokyo saw a significant increase.
Bankruptcy Information TOP