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Annual Report
Year 2004
Number of Bankruptcies and amount of liabilities ($ = 120Yen)
  This Year Previous Year
Total Bankruptcies 1,151 1,384
(down 16.8%)
Total Liabilities (Million) $5,044.47 $5,840.08
(down 13.6%)
The number of bankruptcies in 2001 (16,624 cases) decreased 14.6% over the previous year (19,458 cases). It has been 4 years since the number decreased compared to the previous year. It recorded the 13th highest number of bankruptcies after the World War II. Total liabilities in 2003 ($98,083.65 million) decreased 14.4% over the previous year ($114,630.65million). The record shows that the liability of 2003 marks the 7th highest in its amount of liabilities after the World War II. Expansion over the amount in the liabilities filed by major bankruptcies of listed companies and industries such as golf courses and leasure related companies.
  Company Name TIC Liabilities
(Million)
$ = 120YEN
1 Hanta Co., Ltd.
Chuo-ku, Tokyo		 DRIED FOOD WHOLESALE TRADE $1,166.67
2 Alaska Metal Co., Ltd.
Chiyoda-ku, Tokyo		 METALWORKING MACHINERY AND EQUIPMENT WHOLESALE TRADE $903.33
3 Seinan Plastic Co., Ltd.
Chiyoda-ku, Tokyo		 PLASTIC PLATE AND BAR MANUFACTURING $753.33
4 Takada Research
Chiyoda-ku, Tokyo		 RESEARCH INSTITUTES FOR THE HUMANITIES AND SOCIAL SCIENCES $703.33
5 Touhoku Inc.
Setagaya-ku, Tokyo		 Business Consultants $593.33
6 Japan Nishi Higashi K.K.
Chuo-ku, Tokyo		 DENTAL TECHNICIANS' OFFICES $458.33
7 Minami Ryokou K.K.
Chuo-ku, Tokyo		 GENERAL TRAVEL INDUSTRY $428.33
8 Sasaki K.K.
Chuo-ku, Tokyo		 Office Space Leasing Companies $386.15
9 Chuo Japan Cable K.K.
Chuo-ku, Tokyo		 CABLE RAILWAY COMPANIES $362.33
10 Tazaki Unyu K.K.
Chuo-ku, Tokyo		 TRUCKING COMPANIES (SPECIAL CONTRACT CARRIERS) $319.53
11 Sato Kajitsu K.K.
Chuo-ku, Tokyo		 FRUIT WHOLESALE TRADE $318.73
12 Ueda Tsushin
Chuo-ku, Tokyo		 RADIO AND TELEVISION RECEIVERS MANUFACTURING $305.45
13 Sugimoto Seisaku K.K.
Chuo-ku, Tokyo		 FLOATING-LUMBER STORAGE INDUSTRY $260.77
14 Higashi Fudosan
Chuo-ku, Tokyo		 Office Space Leasing Companies $198.12
15 Shirai Finance
Chuo-ku, Tokyo		 NATIONAL FINANCE CORPORATIONS $158.33
*In year 2001, 16,624 corporations with liability of over ten billion yen ($19,441 million) reported bankruptcy. The above lists the top 15 corporate bankruptcies with the highest liabilities.