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Credit Rating (Bankruptcy Risk): 明星工業 (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: 明星工業 (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income is decrease )
Net Income (¥ 2 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 (4.98％) is first term Net Profit Margin (5.69％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -914 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 905 M) is a plus,

Dividend
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ 905 M) , Dividend (¥ -339 M) is paid.

[Date: 2012-03-31]  Danger : Warning : Caution : Good

Dividend Risk
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ -341 M), Dividend (¥ -339 M) is paid.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 37 B) is first term (¥ 32 B) more, however Operating Cash Flow (¥ -341 M) is first term (¥ 4 B) less , there is a possibility that the financing has deteriorated very much.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -341 M) is minus, Investment Cash Flow (¥ 469 M) is plus. Because the main occupation was dull, stock property may have been sold off.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 5 B) is Sales first term ratio (¥ 4 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 (¥ 32 B) is first term Sales (¥ 39 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 672 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 (2.07％) is first term Net Profit Margin (4.18％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,

Dividend
Under the situation of Net Income (¥ 672 M) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -339 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -4 B) is Sales first term ratio (¥ -7 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-03-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 39 B) is first term Sales (¥ 47 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 (¥ 4 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (4.18％) is first term Net Profit Margin (9.01％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -528 M) & Financial Cash Flow (¥ -3 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 5 B) , Dividend (¥ -350 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -4 B) is Sales first term ratio (¥ -7 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2009-03-31]  Danger : Warning : Caution : Good

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -642 M) & Financial Cash Flow (¥ -3 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,

Dividend
Under the situation of Net Income (¥ 4 B) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -376 M) is paid.

Credit Rating (Bankruptcy Risk): 明星工業 (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: 明星工業 (Annual ) (Non-Consolidated )

Special note

Net Assets have increased 5consecutive terms. The fiscal base is getting better.

[Date: 2013-03-31]  Danger : Warning : Caution : Good

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (5.45％) is first term Net Profit Margin (5.99％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (-) , Dividend (¥ -339 M) is paid.

[Date: 2012-03-31]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (-) , Dividend (¥ -339 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 4 B) is Sales first term ratio (¥ 1 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 (¥ 23 B) is first term Sales (¥ 28 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 940 M) 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 (3.95％) is first term Net Profit Margin (7.48％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 940 M) & Operating Cash Flow (-) , Dividend (¥ -339 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -4 B) is Sales first term ratio (¥ -5 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-03-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 28 B) is first term Sales (¥ 35 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 2 B) is first term Net Income (¥ 3 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (7.48％) is first term Net Profit Margin (10.62％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (-) , Dividend (¥ -350 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -1 B) is Sales first term ratio (¥ -6 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 (¥ 3 B) & Operating Cash Flow (-) , Dividend (¥ -376 M) is paid.