Japan's confectionery industry is experiencing a significant increase in bankruptcies, with an unprecedented rate observed in the past 15 years. Several historic and popular confectioneries (locally known as "Kona-Mon") have filed for bankruptcy, largely attributed to economic strains and changing consumer trends. This rapid shift has raised concerns about the future of this beloved part of Japanese culture and tradition.

In Japan, traditional confectioneries hold significant cultural value, often associated with seasonal festivities and ceremonies. The industry's decline has therefore prompted a public outcry. The Japanese are concerned not only about the economic impact and job losses but also the potential loss of a part of their cultural heritage.

In comparison, small and medium-sized businesses in the US and EU too experience financial strains and bankruptcy. However, the crash of an industry with such deep cultural roots is not so common. When such instances have occurred, preservation efforts are often set in motion, recognizing the businesses' socio-cultural importance.