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Credit Rating Analysis: 朝日工業社 (Annual )

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

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Credit Rating (Bankruptcy Risk): 朝日工業社 (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 59 B
-12.08%
¥ -1 B
-313.19%
¥ -1 B
-1,211.45%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCCCCCC
Total Assets
¥ 47 B
¥ 53 B
¥ 51 B
¥ 50 B
Net Assets
¥ 18 B
¥ 19 B
¥ 18 B
¥ 18 B

Financial Statement Risk Analysis: 朝日工業社 (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 59 B) is first term Sales (¥ 67 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -1 B) is first term Net Income (¥ 96 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.79%) is first term Net Profit Margin (0.14%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -886 M) & Financial Cash Flow (¥ -577 M) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -1 B) & Operating Cash Flow (¥ 2 B), Dividend (¥ -479 M) is paid.
Non-performing asset Risk
Net Income (¥ -1 B) is a minus, Other Current Assets (¥ 31 B) - more than 50% of Total Assets (¥ 53 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 (¥ -5 B) is Sales first term ratio (¥ -8 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -5 B) and Investment Cash Flow (¥ -311 M) is minus, Net Income (¥ 96 M) is plus. Because it is unnatural that profits have come out in this situation, the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 67 B) is first term Sales (¥ 76 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 96 M) is first term Net Income (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.14%) is first term Net Profit Margin (2.05%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ 96 M) & Operating Cash Flow (¥ -5 B), Dividend (¥ -733 M) is paid.
Non-performing asset Risk
Operating Cash Flow (¥ -5 B) is a minus, Other Current Assets (¥ 37 B) - more than 50% of Total Assets (¥ 56 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 (¥ 3 B) is Sales first term ratio (¥ -9 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 (¥ 76 B) is first term Sales (¥ 83 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 68 B) is first term Gross Income (¥ 75 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -37 M) & Financial Cash Flow (¥ -618 M) is a minus, Operating Cash Flow (¥ 9 B) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 9 B) , Dividend (¥ -494 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -179 M) and Investment Cash Flow (¥ -402 M) is minus, Net Income (¥ 1 B) is plus. Because it is unnatural that profits have come out in this situation, the possibility of holding the non-performing asset is very high.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -179 M) is a minus, Other Current Assets (¥ 46 B) - more than 66% of Total Assets (¥ 65 B) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 83 B) is first term Sales (¥ 86 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 75 B) is first term Gross Income (¥ 78 B) less , there is a possibility that the management situation has stagnated and deteriorated
Dividend Risk
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ -179 M), Dividend (¥ -461 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 2 B) is Sales first term ratio (¥ -3 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -395 M) is paid.

Ticker Market Industry Month report Rating
@ 朝日工業社 1975 TSE 1st Construction 3 Annual CCC

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@ 金下建設 (Sales ¥ 12 B)
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