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By Gregory Turk and Yusuke Miyazawa May 29 (Bloomberg) -- Joint Corp., a Japanese real estate developer, filed for bankruptcy protection with liabilities of 168 billion yen ($1.7 billion), making it the country's third- largest failure of a publicly traded company this year. Revenue for the property securitization business plunged 78 percent last year and sufficient new funding couldn't be obtained, the Tokyo-based company said in a release. The company's debt includes 15 billion yen in fixed-rate bonds and 11 billion yen in convertible bonds, Bloomberg data show. Joint Residential Real Estate KK, a subsidiary, accounted for 20.4 billion yen of the liabilities, according to the release. The filing was made at the Tokyo District Court. The Tokyo exchange said Joint would be delisted on June 30. The largest failures in Japan this year were small-business lender SFCG Co., which filed with liabilities of 338 billion yen, and property developer Japan General Estate Co., with 197.5 billion yen in debt, according to data compiled by Bloomberg. --Editors: Steve McPherson, Wendy Pugh. To contact the reporter on this story: Gregory Turk in Tokyo at +81-3-3201-3441 or gturk2@bloomberg.net