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Credit Rating Analysis: 東光電気工事 (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): 東光電気工事 (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2012-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 73 B
-1.49%
¥ -140 M
-108.92%
¥ 7 M
-98.75%

Financial Timeline

Date  - 
(First quarter )
 - 
(Third quarter )
 2011-09-30 
(Second quarter )
 2012-03-31 
(Annual )
Credit Rating --CCCC
Total Assets
¥ 56 B
¥ 71 B
Net Assets
¥ 31 B
¥ 33 B

Financial Statement Risk Analysis: 東光電気工事 (Annual ) (Consolidated )

[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Current Profit & Operating Cash Flow is minus or 0 )
Current Profit(¥ -140 M) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -499 M) is minus, Net Income (¥ 7 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 (¥ 73 B) is first term Sales (¥ 74 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 7 M) is first term Net Income (¥ 560 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.01%) is first term Net Profit Margin (0.76%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ 7 M) & Operating Cash Flow (¥ -1 B), Dividend (¥ -90 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 9 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 (¥ 74 B) is first term Sales (¥ 79 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 560 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 (0.76%) is first term Net Profit Margin (2.03%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -940 M) & Financial Cash Flow (¥ -190 M) is a minus, Operating Cash Flow (¥ 848 M) is a plus,
Dividend
Under the situation of Net Income (¥ 560 M) & Operating Cash Flow (¥ 848 M) , Dividend (¥ -90 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 (¥ -211 M) and Investment Cash Flow (¥ -1 B) 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.
Dividend Risk
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ -211 M), Dividend (¥ -136 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 79 B) is first term (¥ 68 B) more, however Operating Cash Flow (¥ -211 M) is first term (¥ 2 B) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk
Operating Cash Flow (¥ -211 M) is a minus, Other Current Assets (¥ 43 B) - more than 50% of Total Assets (¥ 81 B) is occupied , there is a possibility of holding the non-performing asset.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -290 M) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Dividend
Under the situation of Net Income (¥ 291 M) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -90 M) is paid.

Related Information: 東光電気工事 (Annual )

Statement Type
Annual : 東光電気工事
Second quarter : 東光電気工事
Analysis Menu
@Outline : 東光電気工事
@Statement : 東光電気工事
@Rating : 東光電気工事
@Indicator : 東光電気工事
@Download : 東光電気工事
Industry Comparison Ranking
Construction - EDIUNET Industry Rankings
Construction - EDIUNET Credit Rating
Construction - EDIUNET Industry Avg
Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo千代田区 - 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
@ 東光電気工事 Construction 3 Annual CCC

Related Company

@ FUJI ELECTRIC ENGINEERING & CONSTRUCTION (Sales ¥ 55 B)
@ ASANUMA (Sales ¥ 121 B)
@ ソネック (Sales ¥ 7 B)
@ TAKAHASHI CURTAIN WALL (Sales ¥ 6 B)
@ シンクレイヤ (Sales ¥ 7 B)
@ TOHO ELECTRICAL CONSTRUCTION (Sales ¥ 26 B)
@ ANDO (Sales ¥ 169 B)
@ MIKIKOGYO (Sales ¥ 25 B)
@ SXL (Sales ¥ 39 B)
@ 高田工業所 (Sales ¥ 37 B)
@ 大豊建設 (Sales ¥ 112 B)
@ MASARU (Sales ¥ 10 B)
@ SEED (Sales ¥ 4 B)
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