Business · Companies · 16 hrs ago
Kagoshima freight company enters bankruptcy with about ¥120 million in debt
Kagoshima Marutou entered bankruptcy proceedings on October 2 after a court in Kagoshima, Japan, issued an order to begin the process.
The freight company was founded in 1986 and mainly transported ready-mixed concrete, as well as timber.
Its sales fell to about ¥76 million in the financial year ending March 2026, after a decline in the previous year and an operating loss.
The company said there was no clear outlook for improving its business.
It stopped operating in August and dismissed all eight employees.
Its debts total about ¥120 million, based on figures at the end of March 2026.
The bankruptcy process will now proceed through the Kagoshima District Court.
Kagoshima Marutou Co., a freight carrier in Kagoshima City, received a court order to begin bankruptcy proceedings on October 2.
Its total liabilities were about ¥120 million as of the end of its fiscal year in March 2026.
The company specialized in hauling ready-mixed concrete and also transported timber.
Its sales fell to about ¥76 million in the year ended March 2026, with no clear prospect of a recovery.
It stopped operating in late August 2026 after dismissing all eight employees.
- Who
- Kagoshima Marutou Co., a general freight transport company in Kagoshima City.
- What
- It received a court order to begin bankruptcy proceedings, with liabilities of about ¥120 million.
- When
- The order was issued on October 2; the article does not state the year.
- Where
- Kagoshima City, Japan; the order came from the Kagoshima District Court.
- Why
- Sales had declined, the company had recorded a loss, and there was no clear prospect of improving its business.
This story does not have two clearly opposing sides.
Kagoshima Marutou was established.
Sales were about ¥96 million, and the company recorded an operating loss of about ¥12 million.
The company dismissed all eight employees and stopped operating.
The Kagoshima District Court issued an order to begin bankruptcy proceedings.
- Company
- Kagoshima Marutou Co.
- Established
- April 1986
- Liabilities
- About ¥120 million as of the end of March 2026
- Sales
- About ¥76 million in the fiscal year ended March 2026
- Employees dismissed
- 8