Key Facts
• Daizan Industries, based in Showa Town, Yamanashi, ceased operations by July 31, 2025.
• The company is preparing to file for bankruptcy with debts totaling approximately $4.81 million.
• Established in 2009, Daizan Industries focused on wooden construction under its brand “IENOWA.”
• In 2016, the company reported annual sales of $5.19 million.
• Sales plummeted during the COVID-19 pandemic, leading to severe financial losses.
• Accepting low-priced contracts further worsened the company’s financial situation.
• Construction on 10 residential projects in Yamanashi has been halted.
• The company specialized in new residential construction and wooden architecture.
Summary
Daizan Industries, a construction company in Showa Town, Yamanashi, has ceased operations and is preparing to file for bankruptcy. The company, known for its wooden construction brand “IENOWA,” once achieved $5.19 million in annual sales but faced a sharp decline due to the COVID-19 pandemic. Financial struggles were exacerbated by low-priced contracts, resulting in a debt of approximately $4.81 million. Construction on 10 residential projects in the region has been suspended. This marks a significant setback for the local construction industry.
