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Credit Rating Analysis: Nishimatsu Construction (Annual )

The details of credit rating (bankruptcy risk) can be checked. A credit rating in nine stages (AAA-C).

【Analysis Menu】 @Outline @Statement @Rating @Indicator @Download

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Credit Rating (Bankruptcy Risk): Nishimatsu Construction (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  B  Credit is not enough, easily undermined by biz environs. ¥ 253 B
-4.04%
¥ 4 B
25.93%
¥ 3 B
24.85%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCBBBCCC
Total Assets
¥ 318 B
¥ 342 B
¥ 338 B
¥ 347 B
Net Assets
¥ 118 B
¥ 128 B
¥ 131 B
¥ 137 B

Financial Statement Risk Analysis: Nishimatsu Construction (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 253 B) is first term Sales (¥ 263 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 237 B) is first term Gross Income (¥ 248 B) less , there is a possibility that the management situation has stagnated and deteriorated
Dividend
Under the situation of Net Income (¥ 3 B) & Operating Cash Flow (¥ 9 B) , Dividend (¥ -1 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -10 B) is Sales first term ratio (¥ -10 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Dividend Risk
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ -10 B), Dividend (¥ -1 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 263 B) is first term (¥ 257 B) more, however Operating Cash Flow (¥ -10 B) is first term (¥ 28 B) less , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -10 B) is minus, Investment Cash Flow (¥ 3 B) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk
Operating Cash Flow (¥ -10 B) is a minus, Other Current Assets (¥ 173 B) - more than 50% of Total Assets (¥ 322 B) is occupied , there is a possibility of holding the non-performing asset.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 14 B) is Sales first term ratio (¥ 6 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 257 B) is first term Sales (¥ 396 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 239 B) is first term Gross Income (¥ 382 B) less , there is a possibility that the management situation has stagnated and deteriorated
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 28 B) , Dividend (¥ -1 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -69 B) is Sales first term ratio (¥ -138 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -40 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 396 B) is first term Sales (¥ 424 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -40 B) is first term Net Income (¥ 2 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-10.10%) is first term Net Profit Margin (0.61%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -40 B) & Operating Cash Flow (¥ 4 B), Dividend (¥ -1 B) is paid.
Non-performing asset Risk
Net Income (¥ -40 B) is a minus, Other Current Assets (¥ 228 B) - more than 50% of Total Assets (¥ 414 B) is occupied , there is a possibility of holding the non-performing asset.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend Risk
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ -8 B), Dividend (¥ -2 B) is paid.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -8 B) is minus, Investment Cash Flow (¥ 27 M) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk
Operating Cash Flow (¥ -8 B) is a minus, Other Current Assets (¥ 377 B) - more than 50% of Total Assets (¥ 589 B) is occupied , there is a possibility of holding the non-performing asset.

Related Information: Nishimatsu Construction (Annual )

Statement Type
Annual : Nishimatsu Construction
First quarter : Nishimatsu Construction
Second quarter : Nishimatsu Construction
Third quarter : Nishimatsu Construction
Analysis Menu
@Outline : Nishimatsu Construction
@Statement : Nishimatsu Construction
@Rating : Nishimatsu Construction
@Indicator : Nishimatsu Construction
@Download : Nishimatsu Construction
Industry Comparison Ranking
Construction - EDIUNET Industry Rankings
Construction - EDIUNET Credit Rating
Construction - EDIUNET Industry Avg
Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo港区 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/10 INTERLIFE HOLDINGS BBB→BB 2013-11-30 (Q3)
1/10 mbs CCC→BBB 2013-11-30 (Q2)
1/7 AKATSUKI EAZIMA CCC→C 2013-11-30 (Q1)
12/13 Taiyo Kisokogyo BBB→AAA 2013-10-31 (Q3)
12/10 OHMORI  C 2013-10-31 (Q1)
12/9 HIGASHI NIHON HOUSE A 2013-10-31
12/6 TANSEISHA BB 2013-10-31 (Q3)
12/5 SEKISUI HOUSE BB 2013-10-31 (Q3)
12/5 土屋ホールディングス BBB 2013-10-31
12/3 TOKEN BB 2013-10-31 (Q2)

Ticker Market Industry Month report Rating
@ Nishimatsu Construction 1820 TSE 1st Construction 3 Annual B

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@ OBAYASHI (Sales ¥ 1.4 T)
@ TAIHEI DENGYO KAISHA (Sales ¥ 68 B)
@ MISAWA HOMES (Sales ¥ 394 B)
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