The purpose of this research is to identify a driver that the number of the defaulted listed companies in Japan has been lower than that of listed ones in the USA. The past research had already proven that well established Net worth is one of the largest factors to prevent company from falling to default, based on higher durability for failures. This research therefore is to comparatively analysis Net worth of companies between Japan and the USA. This research firstly has randomly selected 50 listed companies from Japan and the USA respectively, and the comparative analysis of Net worth has secondly performed. In total, this research analyzed 100 companies, which classified four matrixes based on the content of Net worth. While the listed companies in Japan have almost shown the same direction for the type of Net worth content, those in the USA have divided into three different types of Net worth content. This research concluded that the different policies for net worth between Japan and the USA has attributed to make a different number of the defaulted listed companies.