Key Facts
• September 4, 2025: ‘Nihon’ declared bankruptcy by Tokyo District Court.
• Total debt: approximately $3.9 million.
• Founded in June 1968, incorporated in July 1973.
• Operated four pachinko and slot machine halls in Toyama Prefecture.
• Peak sales in June 1985: approximately $67 million.
• By 1997, three of four stores closed due to competition.
• 2024 annual sales dropped to $4.8 million.
• Business ceased operations by August 20, 2025, due to financial struggles.
Summary
The pachinko hall operator ‘Nihon,’ established in 1968, has officially entered bankruptcy proceedings as of September 4, 2025, with debts totaling approximately $3.9 million. Once a thriving business with peak sales of $67 million in 1985, the company faced declining revenues due to intensified competition and regulatory changes. By 1997, three of its four stores in Toyama Prefecture had closed, leaving only one operational. Sales continued to plummet, reaching just $4.8 million in 2024. Persistent financial losses and cash flow issues forced the company to cease operations by August 20, 2025. This marks the end of a long-standing business that struggled to adapt to a changing market.
