April-September Corporate bankruptcy 5% decrease compared to the same period last year Increase due to prolonged corona impact October 8 15:38
The number of companies that went bankrupt during the six months from April to September was more than 3,950, a decrease of more than 5% from the same period last year.
Credit bureaus have analyzed that although support measures such as virtually interest-free and unsecured loans have suppressed bankruptcy, the effects of the new coronavirus will be prolonged and may increase in the future.
According to Teikoku Databank, the number of companies that took legal restructuring procedures with debt of 10 million yen or more in the first half of this year from April to September was 3956, which is from the same period last year. It decreased by 5.2%.
The number of bankruptcies has fallen below 4000 since the second half of 2004.
In response to the spread of the new coronavirus infection, it is analyzed that bankruptcy is being suppressed by taking measures to support cash flow such as virtually interest-free and unsecured loans and benefits.
On the other hand, the cumulative total from February to noon on the 8th is that 596 companies went bankrupt due to the effects of the new coronavirus.
Credit bureaus analyze that even if support measures can secure funds for the time being, the number of bankruptcies may increase if the effects of the new coronavirus are prolonged and profitability cannot be recovered.