Bankruptcies exceed 10,000 for second consecutive year due to labor shortages and rising prices

Tokyo Shoko Research announced on the 13th that the number of corporate bankruptcies (with debts of 10 million yen or more) in 2025 has increase by 2.9% from the previous year to 10,300, exceeding 10,000 for the second consecutive year. This marks the fourth consecutive year of increase. Rising labor costs due to labor shortages and rising prices caused by factors such as the weak yen have put pressure on the management of small businesses in particular.