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July 04, 2025
 

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BANKRUPTCY

Japan Times
BUSINESS / Companies
Jul 10, 2020
Muji U.S.A. files for bankruptcy, citing pandemic shutdowns
Muji's U.S. unit joins more than 110 companies that have declared bankruptcy in the U.S. this year and blamed the coronavirus crisis in part for their demise.
Japan Times
BUSINESS / Companies
Jul 2, 2020
NPC, top U.S. franchisee of Pizza Hut and Wendy's, files for bankruptcy
The plan is to reduce the company's debt and sell some of its restaurants, starting with Wendy's, court papers show.
Japan Times
BUSINESS / Economy
May 29, 2020
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Japan Times
BUSINESS / Economy
May 11, 2020
‘Hidden’ defaults set to soar as recession squeezes firms worldwide
The COVID-19 outbreak and unprecedented lockdowns prompted the International Monetary Fund to predict that the recession would be the steepest in almost a century.
Japan Times
BUSINESS / Companies
Mar 30, 2020
SoftBank shares tumble 10% after OneWeb files for bankruptcy
SoftBank Group Corp. fell as much as 10 percent after a provider of satellite-based internet service that it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares.
Japan Times
BUSINESS / Companies
Mar 2, 2020
Japan's Luminous Cruising blames coronavirus as it files for bankruptcy
A cruise ship company in Kobe was effectively bankrupted by the coronavirus crisis on Monday after filing for protection from creditors under the corporate rehabilitation law.
Japan Times
BUSINESS / Companies
Feb 25, 2020
Japan sees first business failure linked to coronavirus
A hotel in Aichi Prefecture will file for bankruptcy due to a steep fall in customers amid the coronavirus outbreak, Tokyo Shoko Research Ltd. said Tuesday.
Japan Times
BUSINESS
Jan 23, 2020
Ghosn predicted Nissan bankruptcy by 2022, says ex-prosecutor Gohara
Nissan Motor Co. will go bankrupt within two to three years, Carlos Ghosn told a defense attorney during more than 10 hours of interviews before the auto executive skipped bail and left Japan.
Japan Times
BUSINESS / Companies
Jan 19, 2020
A decade after Japan Airlines' went bankrupt, criticisms over the government bailout remain
A decade after Japan Airlines' went bankrupt, questions and criticisms remain over the generous state assistance provided to the company to help it dig itself out from under a mountain of debt.
BUSINESS / Companies
Nov 22, 2019
Bumble Bee files bankruptcy amid antitrust fines and lawsuits
Bumble Bee Foods LLC, the largest North American brand of packaged seafood, filed for bankruptcy amid criminal fines and civil lawsuits stemming from a federal price-fixing case with plans for its assets to be acquired by FCF Co. for about $925 million.
Japan Times
BUSINESS
Sep 30, 2019
Forever 21 files for bankruptcy, adding to retail apocalypse
Forever 21 Inc. has filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn't cope with high rents and heavy competition.
BUSINESS
Sep 22, 2019
Storied British travel group Thomas Cook battles for survival with final creditor meeting
Bosses at Thomas Cook were meeting lenders and creditors Sunday to decide whether the world's oldest travel company could survive until Monday, or face a chaotic collapse that would be felt around the world.
Japan Times
BUSINESS
Sep 12, 2019
Purdue Pharma reaches tentative opioid settlement in deal worth up to $12 billion, will file for bankruptcy soon: sources
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar...
Japan Times
BUSINESS / Companies
Sep 4, 2019
OxyContin maker Purdue prepares 'free-fall' bankruptcy as settlement talks stall, sources say
OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company's $10 billion to $12 billion...
Japan Times
BUSINESS / Companies
Aug 28, 2019
Purdue Pharma discussing up to $12 billion offer to settle over 2,000 opioid claims and filing for bankruptcy
OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.
Japan Times
BUSINESS
Aug 6, 2019
Titanic shipyard Harland and Wolff to file for insolvency
Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalization were rebuffed.
BUSINESS / Companies
Apr 24, 2019
Laundry-phobics' dreams crushed as Tokyo-based developer of Laundroid robot files for bankruptcy
When Seven Dreamers Laboratories Inc. unveiled its prototype laundry-folding robot in 2015, it generated a buzz, with people saying they couldn't wait to buy one if it ever went to market.
MORE SPORTS
Apr 18, 2019
Startup Alliance of American Football files for bankruptcy
The Alliance of American Football, the upstart league that abruptly folded midway through its first season, filed for bankruptcy after failing to secure a partnership with the NFL.
Japan Times
BUSINESS
Oct 11, 2018
Sears prepares to file for bankruptcy in coming days: sources
Sears Holdings Corp. is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once the world's largest retailer.
JAPAN / History / Defining the Heisei Era
Jun 23, 2018
Defining the Heisei Era: Japan experiences a hangover
The Japan Times presents the second installment of a monthly 12-part series that looks back at the leading issues of the past three decades.
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Onosato's yokozuna promotion causes rare quirk in new sumo rankings
Newly promoted yokozuna Onosato holds a copy of the latest banzuke ranking in Anjo, Aichi Prefecture, on Monday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Over 900 earthquakes strike Tokara islands in space of two weeks
A screenshot shows many quakes occurring in the Tokara islands over the past 30 days, in this image taken from the U.S. Geological Survey website.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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