The number of companies that went bankrupt nationwide in February was 442, down 30% from the same month last year.
According to credit bureau Teikoku Databank, the number of companies that had debts of more than 10 million yen and took legal restructuring procedures in February was 442, down 30% from the same month last year.
In substance, the government and the Bank of Japan's support measures, such as interest-free and unsecured loans, seem to be supporting the cash flow of companies, and the number of bankruptcies has fallen below the same month of the previous year for the seventh straight month.
On the other hand, the total debt was 77,745 million yen, the first year in seven months, due to the publication business and inn management that took legal restructuring procedures with debt of 1 billion yen or more. It exceeded the same month.
Teikoku Databank said, "There are cases in a wide range of industries where the decline in sales is prolonged due to the state of emergency, leading to bankruptcy. Please note that some companies will end the period in which repayment is postponed within one year from borrowing. You need to see it. "