Do you want to start or expand your business in Japan? Buy a bankrupt company at a reasonable price.

 

We have one company going in bankruptcy in August in 2024.

 

A hotel and restaurant management company in Gifu prefecture, Japan.

 

Founded in 1972

 

Year 2008

 

Capital: 23 million yen

 

Business

 

- Tourism hotel management company

- Drive-in restaurant operation

 

Hotel

 

Tourism hotel management

 

- 49 guest rooms, banquet halls, and event spaces

 

Sales

 

- Fiscal year 2011: Approximately 800 million JPY

- Fiscal year 2024: Approximately 160 million JPY

 

Bankruptcy

 

- August 2024

- Business suspension/preparing for bankruptcy filing

 

 

Liabilities

 

Under investigation

 

Reasons for Bankruptcy

 

The company was established as a tourism hotel management company, inheriting the hotel business from its predecessor, founded in 1972. The opening of a highway in 1996 drastically changed traffic patterns, leading to the bankruptcy of the predecessor company in 2008. The current company took over the business at that time. However, challenges such as the economic downturn following the Lehman Brothers collapse, the Great East Japan Earthquake, and consumption tax increases led to a continued decline in customer numbers. The COVID-19 pandemic further decreased visitors, and new economic policies since 2023, including currency devaluation and rising prices, failed to revive customer traffic, making business continuity difficult and leading to the current situation.