The Number of Bankrupt Companies in Japan Continues to Increase Year Over Year

In Japan, the number of bankrupt companies continued to rise for the 31st consecutive month on a year-on-year basis. According to a statement by the Japanese research firm Teikoku Databank, the number of bankrupt companies in November increased by 7.9% compared to the same month last year, reaching 834. The number of bankrupt companies in the same month last year was 773.

The statement highlighted that, for the first time since 2013, more than 800 cases were observed in November. The cumulative number of cases from January to November reached 9,053, marking the highest annual figure since 2015, excluding one month in December.

Companies cited "recession" as the primary reason for bankruptcy, with 689 bankruptcies attributed to this factor, accounting for 81.5% of total bankruptcies. Additionally, the amount of bad debts increased by 72.7%, rising to 152.2 billion yen. In the same month last year, the amount of bad debts was 88.15 billion yen.