Key Facts
• Jupiter Coffee, based in Bunkyo, Tokyo, applied for civil rehabilitation on January 5.
• Tokyo District Court issued preservation and supervision orders.
• Total liabilities amount to approximately 6 billion yen.
• Founded in 1971, incorporated in 1979.
• Operated 91 stores nationwide as of March last year.
• Offered over 6,000 food and beverage items, with 2022 sales of 10.473 billion yen.
• Coffee bean price surge worsened profitability; investment in new stores increased debt reliance.
• Rent and payroll burdens led to declining earnings and cash flow issues.
• Sales dropped to 9.944 billion yen in fiscal 2024.
• Requested debt repayment deferral in early 2025.
• Accounting fraud discovered, severely damaging credibility.
• Fiscal 2025 projected to be insolvent with large correction losses.
• Sumitomo Mitsui Banking Corporation provides interim financing.
• A Chiyoda-based fund plans to support as a sponsor.
Summary
Jupiter Coffee, a major coffee bean retailer in Japan, has filed for civil rehabilitation due to financial distress caused by soaring coffee bean prices and revealed accounting fraud. Established in 1971 and operating 91 stores nationwide, the company expanded its product range to over 6,000 items and achieved sales exceeding 10 billion yen in 2022. However, rising costs, heavy investment in store openings, and increased debt led to deteriorating profitability and cash flow problems. Sales declined in fiscal 2024, and the company sought debt repayment relief in 2025. The discovery of fraudulent accounting further eroded trust, pushing Jupiter into insolvency by fiscal 2025. Sumitomo Mitsui Banking Corporation is providing financing during the rehabilitation process, with a Chiyoda-based fund acting as a sponsor to support restructuring efforts.
