Yohan, the long standing distributor of foreign books and magazines in Japan, went into bankruptcy today and all their employees were dismissed at once, the office was closed down immediately and the website appears to be closed.
It is understood that it has gone down the bankruptcy route, rather than a supervised corporate reorganization. Yohan did not have any significant property and assets and reports suggest that there will be no payment of debts.

The affiliated bookshop chains, Aoyama Book Center and Ryusui Shobo are applying to the Corporate Reorganization Law to try and keep going. The bookstores are still operating and it is believed that the name of the company that will take on the business will be announced shortly.

It really is getting tough out there...everywhere.


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