Last year, the number of companies that went bankrupt in 2020 fell to the lowest level in 20 years due to the financial support provided by the government and others in response to the new corona.
However, research firms have pointed out that the effects of infectious diseases have been prolonged and that corporate financing remains difficult.
According to Teikoku Databank, a private credit bureau, the number of companies that took legal restructuring procedures last year with debt of 10 million yen or more was 7,314, a decrease of 13.8% from the previous year.
Since 2000, when comparisons can be made, it is the second smallest after 2000, and the total amount of debt is the smallest at 1.21 trillion yen.
The main reason for this is that government-affiliated financial institutions provide virtually interest-free and unsecured loans to companies affected by the new coronavirus.
On the other hand, in terms of total debt by industry, “restaurants” increased by 18% and “inns and other accommodations” increased by 10.9%. ..
According to Teikoku Databank, "The effects of infectious diseases have been prolonged, and the number of bankruptcies of medium-sized companies with debt of 1 billion yen or more has increased by 10% from the previous year. Even with financial support, demand did not recover and business performance deteriorated. There are many companies, and bankruptcies this year may start to increase. "