Japan’s Business Failures in 1st Half Year 2022
(Released by TEIKOKU DATABANK, LTD.)
Rate of decrease is drastically reduced, tide changes to an increase in bankruptcies Corporate bankruptcies shift from a declining trend in the first half of the COVID-19 pandemic to a flat zone.
Shift from a declining trend in the first half of the COVID-19 pandemic to a flat zone.
Number of bankruptcies came to 3,045, down for the fifth consecutive year as a figure for the first half of the year.
Total liabilities were 1,763,083 million yen, exceeding 1 trillion yen for the first time in five years since 2017.
| Bankruptcies | 3,045 |
|---|---|
| Year-on-Year basis | ▲1.2％ |
| Jan to Jun 2021 | 3,083 |
| Liabilities | 1,763,083 million yen |
|---|---|
| Year-on-Year basis | +180.7％ |
| Jan to Jun 2021 | 628,076 million yen |
There were 3,045 bankruptcies, in the first half of 2022 (3,083 in the same period of the previous year), a decrease of 1.2% compared with the same period of the previous year. Although bankruptcies fell for the fifth consecutive year as a figure for the first half of the year, the rate of decrease dropped significantly year-on-year (down 21.8%). Total liabilities were up significantly to 1,763,083 million yen (628,076 million yen in the same period of the previous year, up 180.7%), partly due to the legal restructuring of Marelli Holdings Co., Ltd. (Saitama Prefecture, Civil Rehabilitation, June). This marked the first time in five years since the bankruptcy of Takata Corporation (first half of 2017) that liabilities exceeded 1 trillion yen in the first half of the year.
Highlight and Outstanding Feature
- ■By industry, the number of bankruptcies increased year-on-year in four of seven industries. On the other hand, the wholesale industry (to 382 bankruptcies from 397, down 3.8% from the same period of the previous year) saw bankruptcies fall year-on-year for the 10th consecutive year as a figure for the first half.
- ■By main cause, the number of recession-induced bankruptcies came to 2,379, the first year-on-year increase in two years as a figure for the first half.
- ■By form, the number of liquidation-type bankruptcies amounted to 2,967, a decrease for the fifth consecutive term on a semi-annual basis.
- ■By region, six of nine regions experienced year-on-year decreases. On the other hand, in Tohoku (182 bankruptcies, up from 106 in the same period of the previous year, or a 71.7% increase) bankruptcies rose significantly by over 70% year-on-year.