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Japan’s century-old businesses face rapid decline amid staffing and succession gaps

Reported · Written up by our desk · North America

CNBC reports that Japan’s century-old businesses are disappearing at a record pace as pressures mount from rising costs, labor shortages, and a shrinking market.

The outlet attributes the decline to succession challenges, with many longtime firms struggling to find leadership to carry them forward.

CNBC World and CNBC describe the same set of headwinds, including workforce constraints and the difficulty of transferring ownership as demand erodes in a smaller domestic market.

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Sources

CNBC MarketsThey survived World War II and lost decades, but not 2026. Japan's century-old businesses are disappearing at a record pace
CNBC WorldThey survived World War II and lost decades, but not 2026. Japan's century-old businesses are disappearing at a record pace

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