Route bus company goes bankrupt: The new Corona gets stuck in cash At 13:38 on May 20, Saitama
Maruken Motor Co., Ltd., which operates local buses in Saitama Prefecture, was unable to find cash due to a decrease in the number of passengers due to the new coronavirus, and applied to the court to apply the Civil Rehabilitation Law. It is the first time for a bus company to fail due to the influence of the new virus, and the company intends to rebuild its management by looking for support while continuing operation.
The application for the Civil Rehabilitation Law was submitted by Maruken Motor Co., Ltd., which is headquartered in Ageo City, Saitama Prefecture.
According to an agent lawyer, "Maruken Motor" was established in 1988 and has been operating regular buses and sightseeing buses in Saitama prefecture.
However, due to the effects of the new coronavirus, the number of passengers decreased, etc., and we were stuck in cash flow, and on the 15th of this month, we applied to the Saitama District Court for the application of the Civil Rehabilitation Law.
According to a private credit research company, Tokyo Shoko Research Co., Ltd., the total debt is 500 million yen, and the busiest bus company's bankruptcy due to the influence of the new coronavirus is considered to be the first in Japan.
In the future, the company wants to seek support and aim to rebuild its business while continuing to operate route buses.
Maruken Motor Co., Ltd. commented, "The bus will continue to operate as before. We will work together as one company to rebuild the business."