Increase in corporate bankruptcy in February 16:06 on March 9
Last month, more than 630 bankruptcies increased for the sixth consecutive month. In some cases, management has been stalled due to the spread of the new coronavirus infection, and there is concern that further bankruptcy will increase in the future.
According to a private credit bureau, Teikoku Databank, there were 634 companies that went bankrupt with debts of more than 10 million yen last month, exceeding the same period of the previous year for the sixth consecutive month.
Retail trade increased by 6.3% to 152 cases, and manufacturing increased by 8.8% to 74 cases, mainly due to sluggish consumption caused by the consumption tax hike.
On the other hand, due to the spread of the new coronavirus, there have been six cases where applications for legal reorganization or business suspension have been made since February.
According to a credit bureau, "If the foreign exchange rate weakens against the dollar as in today, the impact will be significant, especially in the manufacturing industry. With the number of bankruptcies on the rise, the new coronavirus will overlap, and will the bankruptcy further increase in the future? You need to be careful. "