Corporate bankruptcies rose 32.4 percent in June from a year earlier, the ninth straight month for the number of business failures to rise, a private research agency said Wednesday.
Corporate failures totaled 985 cases last month, compared with 744 cases registered in June 2006, Teikoku Databank Ltd. said in a monthly report.
Debts left behind by insolvent companies fell 12.2 percent from a year ago to 336.43 billion yen, Teikoku said.
All industries registered a rise in bankruptcies compared with the same month a year earlier, with the construction and retail industries recording their highest number of business failures since April 2005, Teikoku said.
In the first half of the year, 5,394 bankruptcies were registered, up 16.6 percent from the same period a year earlier.
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