Latest news with #TokyoShokoResearch
Barnama
10 hours ago
- Business
- Barnama
Most Japanese Firms See Negative Impact From US Tariffs
TOKYO, June 18 (Bernama-Xinhua) -- A private survey conducted by Tokyo Shoko Research showed on Wednesday that over half of Japanese companies believe the US tariffs are negatively impacting their business performance, Xinhua reported. Of the more than 7,000 companies surveyed nationwide, 11 per cent reported a significant negative effect and 45 per cent a slight negative effect, with only 38 per cent indicating no impact. Rubber product manufacturers, including tire makers, and the steel industry were among the hardest hit.
NHK
12 hours ago
- Business
- NHK
Majority of Japanese firms think US tariffs will hurt earnings
A poll finds that more than half of Japanese companies believe US tariffs will hurt their earnings. Tokyo Shoko Research conducted the online survey this month of 7,113 businesses. Among respondents, 57.6 percent expect a negative impact from the new tariffs announced by the Trump administration earlier this year. Of the total, 11.8 percent said the damage could be serious. Those who see no effects on their earnings are 38.3 percent. The research firm said steelmakers and manufacturers of tires and other rubber items are particularly worried. Fully, 5,808 firms responded to a survey question on whether they think the tariffs will affect wage hikes for the next business year. Of these, about 30 percent believe there will be effects. The employers said they may have to forgo or reduce hikes in base pay, bonuses or even regular wages. Tokyo Shoko Research notes that even Japanese companies that do that not trade directly with the US could feel some pain. These tend to be small and mid-sized firms that support the auto and steel sectors. The polling firm is urging the government to come up with support measures for affected businesses.
Japan Times
12-05-2025
- Business
- Japan Times
Japan business failures hit 11-year high for April
The number of corporate bankruptcies with debs of at least ¥10 million in Japan totaled 828 in April, the highest level in 11 years for the reporting month, amid inflation and rising labor costs, Tokyo Shoko Research said Monday. The monthly figure rose 5.7% from a year before. More failures were seen mainly among smaller companies with weak business bases as their revenue was squeezed by rising prices and higher labor costs amid labor shortages. Total liabilities left by failed companies fell 9.3% to ¥102.8 billion, reflecting a smaller number of failures with debts of ¥100 million or more. Meanwhile, the number of smaller bankruptcies, with debts of less than ¥100 million, rose 11.3%, accounting for nearly 80% of all failures. The number of failures due to labor shortages grew to 36 from 25 a year before, while the number of bankruptcies because of inflation remained high, at 56, against 60. By industry, the services sector had 292 bankruptcy cases, a record for April, up 10.6%. Bankruptcies numbered 152 in the construction sector, up 4.1%, and 106 in the retail sector, up 32.5%. The high tariff policy of U.S. President Donald Trump's administration has so far had a limited impact on bankruptcies in Japan, a Tokyo Shoko Research official said. With many smaller companies still shouldering excessive debts from the COVID-19 pandemic, however, the U.S. tariff policy could put a dent on Japanese companies' order receipts and result in more failures mainly in the manufacturing sector, the official said.
Japan Times
08-04-2025
- Business
- Japan Times
Japan bankruptcies in fiscal 2024 hit 11-year high
The number of corporate bankruptcies in Japan in fiscal 2024 climbed 12.0% from the previous year to 10,144, topping 10,000 for the first time in 11 years, Tokyo Shoko Research said Tuesday. The annual figure rose for the third consecutive year. The result reflected a surge in the number of bankruptcies due to labor shortages, particularly among small and midsize companies, and rising prices. The number of business failures linked to soaring labor costs and labor shortages increased 1.6 times to 309, the highest since fiscal 2013. The number of bankruptcies attributed to high prices for materials and others rose 2.0% to 700. Failures of companies that had received interest-free, unsecured loans after suffering sales declines due to the COVID-19 pandemic numbered 529, down 15.0%. Bankruptcies increased in eight of the 10 surveyed sectors. The construction industry posted a 9.3% rise in the bankruptcy number to 1,943, reflecting higher costs due to a weak yen. The number of failures in the manufacturing sector rose 17.1% to 1,179. By contrast, the number of bankruptcies slid 3.8% to 424 in the transportation sector, marking the first decrease in four years, as companies in the sector passed on rising costs to customers. Total liabilities left by failed companies in fiscal 2024, which ended in March, fell 3.6% to ¥2.37 trillion, while topping ¥2 trillion for the third straight year. In March alone, the number of bankruptcies fell 5.8% from a year earlier to 853, with total liabilities decreasing 30.6% to ¥98.5 billion. A Tokyo Shoko Research official said that the number of corporate bankruptcies is expected to "rise moderately" amid growing concerns about the impact of U.S. President Donald Trump's high tariff policy.
Yahoo
08-04-2025
- Business
- Yahoo
Japan's bankruptcy filings hit 11-year high in FY2024/25, TSR tally shows
TOKYO (Reuters) - Japan's bankruptcy filings in fiscal 2024 totalled 10,144, the most in 11 years, credit research firm Tokyo Shoko Research (TSR) said on Tuesday, amid rising uncertainties around the Bank of Japan's rate hike schedule. The number of bankruptcies in the 12 months to March was the largest since fiscal 2013's 10,536, and grew by 12% from the previous year, according to TSR. Most industries, except for financial and transportation sectors, had more bankruptcies than in the previous year, the data showed. However, the total amount of debt in bankruptcy was 2.37 trillion yen ($16.08 billion) in fiscal 2024, down from 2.46 trillion yen in fiscal 2023, as relatively more small- and mid-sized firms went bankrupt, TSR said. The largest debtor was the former Mitsubishi Aircraft Corp, which was liquidated last year with 641 billion yen in debt, after the termination of the Mitsubishi SpaceJet commercial airplane project, according to TSR. Bankruptcy data is one of the indicators BOJ policymakers monitor to gauge the Japanese economy's soundness. Governor Kazuo Ueda has said the central bank will keep raising interest rates if sustained wage hikes, including at smaller firms, support consumption-led economic growth. ($1 = 147.4100 yen)
