Key Facts
• July 16, 2025: Bankruptcy proceedings initiated for two companies by Tokyo District Court.
• Companies involved: Miki Kikaku Co., Ltd. (established 1991) and Zenzan Co., Ltd. (established 1997).
• Miki Kikaku’s debt: Approximately 3.3 billion yen; Zenzan’s debt: Approximately 1.985 billion yen.
• Combined debt: Approximately 5.285 billion yen.
• Miki Kikaku operated pachinko hall “Gold Flash”; Zenzan operated “Parlor PAN.”
• Miki Kikaku ceased operations in November 2018; Zenzan ceased in February 2020.
• Both companies faced financial strain due to main bank’s bankruptcy in 1999.
• Bankruptcy trustee: Attorney Yo Kajitani, Kajitani General Law Office, Tokyo.
Summary
Two Yamagata-based companies, Miki Kikaku Co., Ltd. and Zenzan Co., Ltd., have entered bankruptcy proceedings as of July 16, 2025, with a combined debt of approximately 5.285 billion yen. Miki Kikaku, established in 1991, operated the pachinko hall “Gold Flash” but ceased operations in 2018 due to financial difficulties stemming from its main bank’s bankruptcy in 1999. Similarly, Zenzan, founded in 1997 and operating “Parlor PAN,” ceased operations in 2020 under similar circumstances. Both companies struggled with debt burdens and were unable to secure funds for equipment investments. Attorney Yo Kajitani has been appointed as the bankruptcy trustee.
