Many companies are shutting down in Fukushima Prefecture even though they are making a profit, due to the aging of managers who run the businesses and their failure to find successors.
Data from Teikoku Databank’s Fukushima branch shows that out of the 871 firms in the prefecture which discontinued, suspended or dissolved their business last year, 34.9% were in the black.
They had to close down because they could not find a way to proceed with business succession smoothly.
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