Key Facts
• August 14, 2025: YK Saihoku filed for bankruptcy at Yamagata District Court Shinjo Branch.
• Debt: Approximately ¥217 million.
• Company established in April 2004 to support Saikoku Precision’s reconstruction.
• Peak sales: ¥785 million in fiscal year ending March 2006.
• 2010: Began OEM production of custom furniture.
• 2015: Absorbed Saikoku Precision’s wooden furniture manufacturing and retail business.
• 2020: Left sponsor company’s capital group, sought new sponsors unsuccessfully.
• May 20, 2021: Ceased operations, dismissed all employees.
• November 20, 2025: Scheduled property status report meeting at 1:30 PM.
• Bankruptcy trustee: Masao Kasuya, attorney at Josai Town Law Office, Yamagata City.
Summary
YK Saihoku, a wooden furniture manufacturer in Shinjo City, Yamagata Prefecture, has filed for bankruptcy with debts totaling approximately ¥217 million. Established in 2004 to support Saikoku Precision’s reconstruction, the company once achieved peak sales of ¥785 million in 2006. However, declining orders, reduced demand for box furniture, and operational challenges led to financial struggles. After leaving its sponsor company’s capital group in 2020 and failing to secure new sponsors, the company ceased operations in May 2021, dismissing all employees. The bankruptcy process began on August 14, 2025, with a property status report meeting scheduled for November 20, 2025.
