noun
black-ink bankruptcy; insolvency despite accounting profits
A business term for a company that goes bankrupt despite showing a profit on paper, typically because of cash-flow problems or delayed receivables.
急成長した企業が黒字倒産するケースは少なくない。
It is not uncommon for rapidly growing companies to go bankrupt despite being profitable on paper.
売掛金の回収が遅れて黒字倒産に陥った。
They fell into black-ink bankruptcy due to delays in collecting accounts receivable.
Compound of 黒字 (profitable, literally 'black figures') and 倒産 (bankruptcy). The term highlights the paradox of failing despite being in the black.