Many companies are shutting down in Fukushima Prefecture even though they are making a profit, due to the aging of managers who run the businesses and their failure to find successors.

Data from Teikoku Databank¡¯s Fukushima branch shows that out of the 871 firms in the prefecture which discontinued, suspended or dissolved their business last year, 34.9% were in the black.

They had to close down because they could not find a way to proceed with business succession smoothly.