Japan's Electrical Machinery Industry Sees 15 Bankruptcies in May, Up 36.3% Year-on-Year
2026-06-10 09:39
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en.Wedoany.com Reported - In May, the number of bankruptcy cases in Japan's electrical machinery industry (with liabilities of 10 million yen or more) reached 15, a 36.3% increase year-on-year, marking the second consecutive month of exceeding the previous year's level. However, this figure is only higher than March's 14 cases and ties with February for the second-lowest monthly total. According to data compiled by Tokyo Shoko Research, total liabilities for the month amounted to 6.39 billion yen, a sharp 892.2% increase year-on-year, primarily due to two cases with liabilities exceeding 1 billion yen, while the same month last year recorded the lowest liabilities for 2025.

In May, Electronic Precision Industries Co., Ltd. (Osaka Prefecture), which engages in control and measurement equipment, filed for bankruptcy with total liabilities of approximately 296 million yen. Founded in 1966, the company once held the highest domestic market share in motor control devices for power tools. At its peak in the fiscal year ending May 2005, sales reached 738.08 million yen, but orders for home appliance products remained sluggish. By the fiscal year ending May 2020, sales had fallen to approximately 455 million yen, followed by a sharp decline in overseas sales, which accounted for about half of total revenue, due to the COVID-19 pandemic. In the fiscal year ending May 2021, sales dropped to around 200 million yen, and the business environment showed no signs of improvement thereafter.

Diatec (Tokyo), a seller of personal computer (PC) keyboards, also went bankrupt with liabilities of approximately 230 million yen. Founded in June 1982, the company sold PC keyboards under the "FILCO" brand, leveraging advantages in high-end model processing and building sales channels targeting major home appliance chains and e-commerce sites. It once achieved annual sales exceeding 1 billion yen, but sales growth has been sluggish in recent years, ultimately leading to the announcement of business closure on its official website on April 22, 2026.

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