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March 28, 2025
 

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BANKRUPTCY

A nursing home in Ishikawa Prefecture. Wage increases in other industries have made the nursing care sector less attractive.
JAPAN / Society
Jul 4, 2024
Over 80 nursing homes in Japan went bankrupt in first half
Rising costs and a severe manpower shortage are the main reasons driving care providers out of business.
Bankruptcies rose especially among restaurant operators amid labor shortages and rising labor costs.
BUSINESS / Economy
Jun 11, 2024
Japan corporate bankruptcies surge above 1,000 in May
The latest result came as many companies struggle with rising prices, as well as labor shortages mainly in the service sector.
A Neon Genesis Evangelion statue on display at small worlds miniature museum in Odaiba.
BUSINESS
Jun 8, 2024
Gainax, known for 'Evangelion' anime production, goes bankrupt
Business conditions began to deteriorate around 2012, and the firm lost its anime production capabilities following an exodus of its creative staff.
For the first time in four years, Japan saw the number of corporate bankruptcies exceed 700 in April, Tokyo Shoko Research said Friday.
BUSINESS / Companies
May 11, 2024
Japan corporate bankruptcies rise 28.3% in April
The number of bankruptcies is expected to rise as companies face increased pressure from higher borrowing costs.
Hiroshima Kanon Senior High School in the city of Hiroshima opened a cafeteria serving authentic Italian cuisine in December last year after Hoyu, which had been entrusted with cafeteria operations, went bankrupt in September.
JAPAN / Society
Apr 10, 2024
Business stability screenings urged for school lunch operators
The directive followed the abrupt suspension of meal services at schools across the country by Hoyu, a cooking service company.
A street in Ota Ward, Tokyo, on March 15. In the year through March, bankruptcies mainly rose among small and midsize companies.
BUSINESS / Economy
Apr 8, 2024
Japan's business failures top 9,000 for first time in nine years
In the year through March, bankruptcies mainly rose among small and midsize companies as they struggled to raise prices to reflect higher costs.
BUSINESS / Companies
Jan 17, 2024
Japanese flying bike startup A.L.I. Technologies files for bankruptcy
The Tokyo-based startup had aimed to play a key role in an expected “air mobility society.”
Corporate bankruptcies with liabilities of at least ¥10 million increased 35.2% in 2023 from the previous year.
BUSINESS
Jan 15, 2024
Business failures in Japan hit eight-year high in 2023
Failures rose in all 10 surveyed sectors for the first time in 31 years, due to rising prices, deepening labor shortages and the start of repayments of COVID relief loans.
WeWork sought U.S. bankruptcy protection on Monday.
BUSINESS / Companies
Nov 7, 2023
SoftBank's WeWork, once most valuable U.S. startup, goes bankrupt
The company reported estimated assets and liabilities ranging from $10 billion to $50 billion, according to a bankruptcy filing.
BUSINESS
Aug 30, 2023
3M to pay $6 billion to settle military earplug lawsuits
The company will pay $5 billion in cash and $1 billion in 3M common stock under the terms of the agreement
The 3M global headquarters in Maplewood, Minnesota. The multinational conglomerate has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the U.S. military defective combat earplugs.
BUSINESS / Companies
Aug 29, 2023
3M to pay more than $5.5 billion over faulty combat earplugs
Current and former service members allege 3M knew its earplugs were too short to work effectively and that it failed to warn the U.S. government or users.
China Evergrande has sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies undergoing restructurings from creditors that hope to sue them or tie up assets in the United States.
BUSINESS / Companies
Aug 18, 2023
China Evergrande files for protection in U.S. bankruptcy court
The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructuring.
JAPAN / Politics
Jun 6, 2023
Japan OKs bills to digitalize divorce and bankruptcy procedures
The legislation will allow people to submit necessary applications online, instead of the current system of such documents being brought or mailed to courts.
BUSINESS
May 3, 2023
Japan sees 'zombie' firms rise 30% after zero-interest pandemic loan program
The number of corporate failures in fiscal 2020 dropped by nearly 20% from the previous year, and the number in fiscal 2021 hit the lowest level in 57 years, according to a research agency.
Japan Times
BUSINESS / Markets
Dec 1, 2022
FTX’s Japan unit drafts plan to return client funds
The proposal, which has yet to be finalized, centers on using a platform called Liquid to facilitate the return of assets starting in January.
Japan Times
EDITORIALS
Nov 25, 2022
FTX collapse is a reminder of the simple reality of cryptocurrencies
One veteran of bankruptcies called the FTX collapse the worst he had ever seen — which included the $74 billion loss that followed the Enron debacle.
Japan Times
BUSINESS / Tech
Nov 21, 2022
What is next for the FTX fallout?
The dramatic collapse of the crypto exchange continues to reverberate throughout the industry.
Japan Times
BUSINESS / Tech
Nov 11, 2022
Elon Musk warns Twitter bankruptcy possible if cash burn lingers
The warning came amid a tumultuous start to Musk's reign at the social media company — a two-week period in which he has fired half of Twitter's staff.
Yellow sand blankets cities across Japan
The Meteorological Agency forecast the yellow sand to move away from eastern Honshu by 6 p.m. on Wednesday. But it will continue to cover parts of western Honshu and Shikoku until Thursday morning, it said.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
JR's 'futuristic' Takanawa Gateway complex set to open in Tokyo
The Gateway Park at Takanawa Gateway City on Tuesday
In the wake of several scandals, Fuji TV ‘emperor’ Hieda steps down
Hisashi Hieda, a 41-year veteran of Fuji TV’s board of directors and dubbed the broadcaster’s “emperor,” has stepped down.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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