Earnings impact of the decline in corporate bankruptcies and guarantee fee rates
First written in FY2017-Q1. 15 of 39 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-07.
No other company in this theme has enough history to compare yet.
- 2026-08-07WorsenedEarnings
「長引く物価高に加え、人件費高騰、金利負担増加を背景として、資金繰りの悪化した中小企業の厳しい現状が浮き彫りになりました。中東情勢を巡る地政学的不確実性もあり、今後も企業倒産件数は増加基調が続く見通しとなっております。」
企業倒産件数の増加基調が続く見通しを再確認している。 - FY2026WorsenedAnnual report
「During the fiscal year, the number of corporate insolvencies rose 3.5% year on year to 10,425, exceeding the previous fiscal year for the fourth consecutive year and surpassing 10,000 annually for the second consecutive year following the previous fiscal year's 10,070.」
The number of corporate insolvencies was 10,425, up 3.5% year on year, marking the fourth consecutive annual increase and the second consecutive year above 10,000. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, the number of corporate insolvencies rose 3.1% year on year to 5,146 (according to Teikoku Databank). On a half-year basis, this marked the eighth consecutive increase since the second half of 2021, the longest such run since FY2000, and the first time in 12 years that the first half exceeded 5,000.」
The number of corporate insolvencies was 5,146, up 3.1% year on year, marking the eighth consecutive increase since the second half of 2021 and the first time in 12 years that the first half exceeded 5,000. - FY2025WorsenedAnnual report
「During the fiscal year, the number of corporate insolvencies rose 13.4% year on year to 10,070 (according to Teikoku Databank), with insolvencies among companies carrying less than ¥50 million in liabilities reaching the highest level since FY2000 and insolvencies among small and micro-sized companies increasing. In light of rising prices, labor shortages and the scaling back of COVID-19 support measures, the number of insolvencies increased year on year for 35 consecutive months from May 2022. The business environment surrounding small and medium-sized enterprises is expected to remain challenging due to rising interest rates, more cautious lending stances among financial institutions and the impact of US trade policy, and the number of insolvencies is expected to remain on an upward trend.」
The number of corporate insolvencies was 10,070, up 13.4% year on year, marking the 35th consecutive month of year-on-year increases. The company indicated that the upward trend is expected to continue, driven by rising prices, labor shortages, reduced support measures, rising interest rates, more cautious lending stances and US trade policy. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period, the number of corporate insolvencies rose 18.6% year on year to 4,990 (according to Teikoku Databank), marking the 29th consecutive month of year-on-year increases since May 2022. In light of rising prices, labor shortages and the scaling back of COVID-19 support measures, the business environment surrounding small and medium-sized enterprises is expected to remain challenging due to rising interest rates and more cautious lending stances among financial institutions, and the number of corporate insolvencies is expected to remain on an upward trend.」
The number of corporate insolvencies was 4,990, up 18.6% year on year, marking the 29th consecutive month of year-on-year increases. The company indicated that the upward trend is expected to continue, driven by rising prices, labor shortages, reduced support measures, rising interest rates and more cautious lending stances among financial institutions. - FY2024WorsenedAnnual report
「During the fiscal year, the number of corporate insolvencies rose 30.6% year on year to 8,881 (according to Teikoku Databank), the highest rate of increase in the past 30 years. The figure rose by more than 2,000 from the previous fiscal year, exceeded the previous year for the second consecutive year, and reached a 9-year high, approaching the 9,044 recorded in FY2014.」
The number of corporate insolvencies was 8,881, up 30.6% year on year, with both the increase from the previous fiscal year and the level further exceeding the previous year's 6,799. - FY2024-Q3WorsenedAnnual report
「Looking at the environment surrounding the Group, the number of corporate insolvencies in 2023 rose 33.3% year on year to 8,497 (according to Teikoku Databank), an increase of more than 2,000 from the previous year. The figure exceeded the previous year for the second consecutive year and approached the 8,517 recorded in 2015, while the rate of increase was the highest since the collapse of the bubble economy. Although various benefits and institutional loans that were effectively interest-free and unsecured had helped curb corporate insolvencies, the number of insolvencies increased year on year for 20 consecutive months from May 2022, partly because some companies began making repayments, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies in 2023 was 8,497, up 33.3% year on year, and increased year on year for 20 consecutive months from May 2022. The company states that the rate of increase was the highest since the collapse of the bubble economy. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the number of corporate insolvencies rose 34.7% year on year to 4,208 (according to Teikoku Databank). This was the second consecutive year in which the first half exceeded the previous year, the first time in 4 years that the figure surpassed 4,000, and 34.7% above the year-earlier period. The rate of increase on a fiscal half-year basis was the highest since FY2000. Although various benefits and institutional loans that were effectively interest-free and unsecured had helped curb corporate insolvencies, the number of insolvencies increased year on year for 17 consecutive months from May 2022, partly because some companies began making repayments, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies was 4,208, up 34.7% year on year, exceeding 4,000 in the first half for the first time in 4 years. The year-on-year increase from May 2022 also continued for 17 consecutive months, and concerns about insolvency trends intensified from the previous quarter. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the number of corporate insolvencies rose 34.7% year on year to 2,086 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured had helped curb corporate insolvencies, the number of insolvencies increased year on year for 14 consecutive months from May 2022, partly because some companies began making repayments, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies was 2,086, up 34.7% year on year, and increased year on year for 14 consecutive months from May 2022. The start of repayments was also cited as a factor, heightening concerns about insolvency trends. - FY2023WorsenedAnnual report
「During the fiscal year, the number of corporate insolvencies rose 14.9% year on year to 6,799 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured had helped curb corporate insolvencies, the number of insolvencies increased year on year for 11 consecutive months from May 2022, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies was 6,799, up 14.9% year on year, and increased year on year for 11 consecutive months from May 2022. - FY2023-Q3WorsenedAnnual report
「Looking at the environment surrounding the Group, the number of corporate insolvencies in 2022 rose 6.0% year on year to 6,376 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured had helped curb corporate insolvencies, the number of insolvencies increased year on year for 8 consecutive months from May 2022, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies in 2022 was 6,376, up 6.0% year on year, and increased year on year for 8 consecutive months from May 2022. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the number of corporate insolvencies rose 6.3% year on year to 3,123 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured had helped curb corporate insolvencies, the number of insolvencies has continued to rise since May 2022, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies was 3,123, up 6.3% year on year, and the company states that the upward trend has continued since May 2022. - FY2023-Q1Quarterly update on the number of bankruptciesAnnual report
「During the cumulative first quarter of the fiscal year, the number of corporate insolvencies rose 4.1% year on year to 1,548 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured had helped curb corporate insolvencies, the number of insolvencies can also be said to have shifted from the declining trend seen during the first half of the COVID-19 pandemic to a range of broadly flat performance, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies was 1,548, up 4.1% year on year, and the company has disclosed its view that the trend shifted from decline during the first half of the COVID-19 pandemic to a broadly flat range. - FY2022Annual update on the number of bankruptciesAnnual report
「During the fiscal year, the number of corporate insolvencies fell 19.1% year on year to 5,916 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured are believed to have helped curb corporate insolvencies, companies are expected to continue entering insolvency as the prolonged stagnation of economic activity makes it difficult to foresee business improvements, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies in FY2022 was 5,916, down 19.1% year on year, while the company has reaffirmed the possibility that insolvencies will increase as the stagnation of economic activity persists. - FY2022-Q3Annual update on the number of bankruptciesAnnual report
「Looking at the environment surrounding the Group, the number of corporate insolvencies in 2021 fell 23.0% year on year to 6,015 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured are believed to have helped curb corporate insolvencies, companies are expected to continue entering insolvency as the prolonged stagnation of economic activity makes it difficult to foresee business improvements, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies in 2021 was 6,015, down 23.0% year on year, while the company has reaffirmed its view that insolvencies are expected to increase if the stagnation of economic activity continues. - FY2022-Q2Quarterly update on the number of bankruptciesAnnual report
「During the cumulative second quarter of the fiscal year, the number of corporate insolvencies fell 25.7% year on year to 2,938 (according to Teikoku Databank). Although various benefits and institutional loans that were effectively interest-free and unsecured are believed to have helped curb corporate insolvencies, companies are expected to continue entering insolvency as the prolonged stagnation of economic activity makes it difficult to foresee business improvements, and insolvency trends will continue to require close monitoring.」
The number of corporate insolvencies was 2,938, down 25.7% year on year, while the company has reaffirmed its view that the number could increase if the stagnation of economic activity continues. - FY2022-Q1Quarterly update on the number of bankruptciesAnnual report
「Looking at the environment surrounding the group, the number of corporate bankruptcies in the first quarter of the current consolidated fiscal year was 1,487, down 19.7% year on year according to Teikoku Databank. Although various benefits and government-backed financing programs offering effectively interest-free, unsecured loans appear to have helped contain corporate bankruptcies, the number of companies expected to go bankrupt is likely to increase as the prolonged stagnation of economic activity makes it difficult to establish prospects for business improvement. Bankruptcy trends therefore require continued monitoring.」
The number of corporate bankruptcies in the first quarter was 1,487, down 19.7% year on year, while the company reported that the number could increase going forward if the stagnation of economic activity is prolonged. - FY2021Annual update on the number of bankruptciesAnnual report
「The number of corporate bankruptcies during the consolidated fiscal year was 7,314, down 13.8% year on year according to Teikoku Databank. Although various benefits and government-backed financing programs offering effectively interest-free, unsecured loans appear to have helped contain corporate bankruptcies, the number of companies expected to go bankrupt is likely to increase as the prolonged stagnation of economic activity makes it difficult to establish prospects for business improvement. Bankruptcy trends therefore require continued monitoring.」
The number of corporate bankruptcies in FY2021 was 7,314, down 13.8% year on year, while the company reported the possibility of an increase in future bankruptcies due to the prolonged stagnation of economic activity. - FY2021-Q3Annual update on the number of bankruptciesAnnual report
「Looking at the environment surrounding the group, the number of corporate bankruptcies in 2020 was 7,809, down 6.5% year on year according to Teikoku Databank. Although various benefits and government-backed financing programs offering effectively interest-free, unsecured loans appear to have helped contain corporate bankruptcies, the number of bankruptcies is expected to increase going forward among companies for which support measures cannot keep pace with a sharp deterioration in performance or that cannot establish prospects for business improvement. Bankruptcy trends therefore require continued monitoring.」
The number of corporate bankruptcies in 2020 was 7,809, down 6.5% year on year, while the company reconfirmed the possibility of an increase in future bankruptcies among companies for which support measures cannot keep pace or that cannot establish prospects for business improvement. - FY2021-Q2RestatedAnnual report
「Looking at the environment surrounding the group, the number of corporate bankruptcies in the six months ended the second quarter of the current consolidated fiscal year was 3,956, down 5.2% year on year according to Teikoku Databank. Although various benefits and government-backed financing programs offering effectively interest-free, unsecured loans appear to have helped contain corporate bankruptcies during the period, the number of bankruptcies is expected to increase if the impact of the COVID-19 pandemic is prolonged, as companies may be unable to establish prospects for business improvement. Bankruptcy trends therefore require continued monitoring.」
While various support measures appear to have contained bankruptcies during the period, the company reconfirmed the possibility of an increase in bankruptcies if the impact of the pandemic is prolonged. - FY2021-Q1WorsenedAnnual report
「The number of corporate bankruptcies in the first quarter of the current consolidated fiscal year was 1,852, down 8.9% year on year according to Teikoku Databank, as the declaration of a state of emergency due to the spread of COVID-19 temporarily delayed legal liquidation proceedings in May as an exceptional factor. However, payment delays have recently been increasing sharply, and the number of corporate bankruptcies is expected to rise going forward.」
The company reported that the number of bankruptcies temporarily declined 8.9% year on year due to delays in legal liquidation proceedings, while the sharp increase in payment delays pointed to an expected rise in future bankruptcies. - FY2020Annual update on the number of bankruptciesAnnual report
「The number of corporate bankruptcies during the consolidated fiscal year was 8,480, up 5.3% year on year according to Teikoku Databank, indicating a change in bankruptcy trends.」
The number of corporate bankruptcies in FY2020 was 8,480, up 5.3% year on year, and the company reported a change in bankruptcy trends. - FY2020-Q3Annual update on the number of bankruptciesAnnual report
「The number of corporate bankruptcies in 2019 was 8,354, up 3.6% year on year according to Teikoku Databank, indicating a change in bankruptcy trends.」
The number of corporate bankruptcies in 2019 was 8,354, up 3.6% year on year, and the company reported a change in bankruptcy trends. No specific impact on guarantee fee rates or earnings was disclosed in this section. - FY2020-Q2Quarterly update on the number of bankruptciesAnnual report
「The number of corporate bankruptcies in the six months ended the second quarter of the current consolidated fiscal year was 4,172, up 4.0% year on year according to Teikoku Databank. Although this indicated a change in bankruptcy trends, bankruptcies remained contained.」
The number of corporate bankruptcies was 4,172, up 4.0% year on year. While bankruptcy trends changed, the company reported that bankruptcies remained contained. - FY2020-Q1Quarterly update on the number of bankruptciesAnnual report
「The number of corporate bankruptcies in the first quarter of the current consolidated fiscal year was 2,033, down 1.2% year on year according to Teikoku Databank, and bankruptcies remained contained.」
The number of corporate bankruptcies was 2,033, down 1.2% year on year, and the company reported that bankruptcies remained contained. - FY2019Annual update on the number of bankruptciesAnnual report
「The number of corporate bankruptcies during the consolidated fiscal year was 8,057, down 2.8% year on year according to Teikoku Databank, and bankruptcies remained contained.」
The number of corporate bankruptcies in FY2019 was 8,057, down 2.8% year on year, and the company reported that bankruptcies remained contained. - FY2019-Q3Continued decline in the number of bankruptciesAnnual report
「The number of corporate bankruptcies in 2018 was 8,063, down 3.7% year on year according to Teikoku Databank, and bankruptcies remained contained.」
The number of corporate bankruptcies in 2018 was 8,063, down 3.7% year on year, and the company reported that bankruptcies remained contained. No specific impact on guarantee fee rates or earnings was disclosed in this section. - FY2019-Q2Continued decline in the number of bankruptciesAnnual report
「The number of corporate bankruptcies in the six months ended the second quarter of the current consolidated fiscal year was 4,012, down 1.9% year on year according to Teikoku Databank, and bankruptcies remained contained.」
The number of corporate bankruptcies was 4,012, down 1.9% year on year, reversing the increase in the previous quarter, and the company reported that bankruptcies remained contained. - FY2019-Q1Continued decline in the number of bankruptciesAnnual report
「Looking at the environment surrounding the group, the number of corporate bankruptcies in the first quarter of the current consolidated fiscal year was 2,058, down 5.8% year on year according to Teikoku Databank, and bankruptcies remained contained.」
The number of corporate bankruptcies, which had been reported as trending upward through the previous quarter, was 2,058 in the first quarter, down 5.8% year on year, and the company reported that bankruptcies remained contained. - FY2018Annual update on bankruptcy trends and low-risk underwritingAnnual report
「Looking at the environment surrounding the group, the number of corporate bankruptcies during the consolidated fiscal year was 8,285, up 1.6% year on year according to Teikoku Databank, marking the first increase in 9 years. However, bankruptcies remained contained.」
The number of corporate bankruptcies was 8,285, up 1.6% year on year, marking the first increase in 9 years. Regarding business performance, the company explained that it focused on underwriting in low-risk segments in anticipation of an increase in future bankruptcies. - FY2018-Q3Update on the change in bankruptcy trendsAnnual report
「Looking at the environment surrounding the group, the number of corporate bankruptcies in 2017 was 8,376, up 2.6% year on year according to Teikoku Databank, indicating a change in bankruptcy trends.」
The number of corporate bankruptcies in 2017 was 8,376, up 2.6% year on year, and the company reported a change in bankruptcy trends following FY2018-Q1 and Q2. - FY2018-Q2Update on the change in bankruptcy trendsAnnual report
「Looking at the environment surrounding the group, the number of corporate bankruptcies in the six months ended the second quarter of the current consolidated fiscal year was 4,197, up 3.4% year on year according to Teikoku Databank. This was the first year-on-year increase in 8 years, and the number exceeded that of the same month a year earlier in 4 of the 6 months of the period, indicating a change in bankruptcy trends.」
The number of corporate bankruptcies increased 3.4% year on year and rose year on year for the first time in 8 years. It exceeded the corresponding year-earlier figure in 4 of the 6 months, and the company disclosed a change in bankruptcy trends following FY2018-Q1. - FY2018-Q1Reversal in bankruptcy trendsAnnual report
「The number of corporate bankruptcies in the six months ended the first quarter of the current consolidated fiscal year was 2,185, up 7.1% year on year, according to Teikoku Databank. It increased year on year for 5 consecutive months from February 2017, indicating a change in bankruptcy trends.」
The previously reported declining trend in corporate bankruptcies changed, with the number increasing 7.1% year on year in the first quarter. The company reported a change in bankruptcy trends but did not disclose any specific adverse impact on guarantee fee rates or earnings for the quarter. - FY2017RestatedAnnual report
「This was due in part to underwriting focused on low-risk segments based on risk assessments anticipating an increase in bankruptcies in the future, and to the decline in guarantee fee rates associated with the decrease in corporate bankruptcies,」
The company explained its focus on underwriting in low-risk segments in anticipation of an increase in future bankruptcies, in addition to the decline in corporate bankruptcies and guarantee fee rates. - FY2017-Q3RestatedAnnual report
「As a result, the guarantee balance at the end of the third quarter of the current consolidated fiscal year increased to ¥288.1 billion, up 14.3% year on year, due to an increase in contracts. However, the decline in guarantee fee rates and other rates associated with the decrease in corporate bankruptcies continued, and revenue for the nine months ended the third quarter of the current consolidated fiscal year increased 3.5% year on year to ¥3,395.690 million.」
The company explained that the number of corporate bankruptcies fell 4.1% year on year to 8,164 in 2016 and that the decline in guarantee fee rates and other rates associated with the decrease in bankruptcies continued. - FY2017-Q2RestatedAnnual report
「The decline in guarantee fee rates associated with the decrease in corporate bankruptcies continued, and revenue for the six months ended the second quarter of the current consolidated fiscal year increased 2.8% year on year to ¥2,242.258 million.」
The number of corporate bankruptcies fell 3.7% year on year to 4,059, and the company explained that guarantee fee rates continued to decline. Revenue increased, but the impact of lower guarantee fee rates continued. - FY2017-Q1First statedAnnual report
「As a result, the guarantee balance at the end of the first quarter of the current consolidated fiscal year increased to ¥269.6 billion, up 11.7% year on year, due to an increase in contracts. However, revenue for the first quarter of the current consolidated fiscal year increased 2.0% year on year to ¥1,112.743 million, as guarantee fee rates and other rates declined along with the decrease in corporate bankruptcies.」
The company explained that, as the number of corporate bankruptcies fell by 7.9% year on year to 2,041, the resulting decline in guarantee fee rates and other rates affected revenue.