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Credit Rating Analysis: HIGETA SHOYU (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): HIGETA SHOYU (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2012-03-31  CC  Credit is very vulnerable. ¥ 2 B
-78.18%
¥ 24 M
-96.37%
¥ 10 M
-97.18%

Financial Timeline

Date  - 
(First quarter )
 - 
(Third quarter )
 2011-06-30 
(Second quarter )
 2012-03-31 
(Annual )
Credit Rating --BBCC
Total Assets
¥ 11 B
¥ 12 B
Net Assets
¥ 6 B
¥ 8 B

Financial Statement Risk Analysis: HIGETA SHOYU (Annual ) (Consolidated )

Special note
Net sales has dropped 4 consecutive terms. The business have high risk.
Operating cash flow has dropped 4 consecutive terms. The business have very high risk.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Sales is sharp decrease )
As compared with the first term of Sales (¥ 2 B) , Sales (¥ 11 B) is less than 80%, and As compared with the first term of Net Income (¥ 372 M) , Net Income (¥ 10 M) is less than 10%, , there is a possibility that the management situation has deteriorated very much.
Management Risk (*Sales is decrease )
Sales (¥ 2 B) is first term Sales (¥ 11 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 10 M) is first term Net Income (¥ 372 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.40%) is first term Net Profit Margin (3.14%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -30 M) & Financial Cash Flow (¥ -39 M) is a minus, Operating Cash Flow (¥ 166 M) is a plus,
Dividend
Under the situation of Net Income (¥ 10 M) & Operating Cash Flow (¥ 166 M) , Dividend (¥ -52 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -9 B) & Operating Cash Flow first term ratio (¥ -804 M) is a minus, Interest-bearing Debt (¥ 70 M) is first term Interest-bearing Debt (¥ 55 M) more , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -334 M) is Sales first term ratio (¥ -9 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-12-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 11 B) is first term Sales (¥ 11 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -202 M) & Financial Cash Flow (¥ -850 M) is a minus, Operating Cash Flow (¥ 970 M) is a plus,
Dividend
Under the situation of Net Income (¥ 372 M) & Operating Cash Flow (¥ 970 M) , Dividend (¥ -52 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 261 M) is Sales first term ratio (¥ -33 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-12-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 11 B) is first term Sales (¥ 12 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 264 M) is first term Net Income (¥ 408 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (2.22%) is first term Net Profit Margin (3.27%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -635 M) & Financial Cash Flow (¥ -283 M) is a minus, Operating Cash Flow (¥ 980 M) is a plus,
Dividend
Under the situation of Net Income (¥ 264 M) & Operating Cash Flow (¥ 980 M) , Dividend (¥ -52 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 277 M) is Sales first term ratio (¥ -564 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-12-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -454 M) & Financial Cash Flow (¥ -829 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 408 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -52 M) is paid.

Related Information: HIGETA SHOYU (Annual )

Statement Type
Annual : HIGETA SHOYU
Second quarter : HIGETA SHOYU
Analysis Menu
@Outline : HIGETA SHOYU
@Statement : HIGETA SHOYU
@Rating : HIGETA SHOYU
@Indicator : HIGETA SHOYU
@Download : HIGETA SHOYU
Industry Comparison Ranking
Foods - EDIUNET Industry Rankings
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Related company's newest statement

Date Company Credit Rating Date
1/15 S Foods BB→BBB 2013-11-30 (Q3)
1/15 PICKLES A 2013-11-30 (Q3)
1/15 GABAN AA→CC 2013-11-30 (Q3)
1/10 キユーピー A 2013-11-30
1/9 WARABEYA NICHIYO A 2013-11-30 (Q3)
1/7 YONEKYU BB→BBB 2013-11-30 (Q3)
1/6 CYBELE C 2013-11-30 (Q1)
12/26 日本清酒 CCC→B 2013-09-30
12/10 アヲハタ A→BBB 2013-10-31
12/10 SATO FOODS C 2013-10-31 (Q2)

Ticker Market Industry Month report Rating
@ HIGETA SHOYU Foods 3 Annual CC

Related Company

@ FIRST BAKING (Sales ¥ 24 B)
@ 増田製粉所 (Sales ¥ 8 B)
@ 東福製粉 (Sales ¥ 3 B)
@ ボーソー油脂 (Sales ¥ 19 B)
@ ASAHIMATSU FOODS (Sales ¥ 10 B)
@ ユニカフェ (Sales ¥ 15 B)
@ TAKIZAWA HAM (Sales ¥ 28 B)
@ NICHIWA SANGYO (Sales ¥ 46 B)
@ JC Comsa (Sales ¥ 16 B)
@ フレンテ (Sales ¥ 29 B)
@ Hayashikane Sangyo (Sales ¥ 45 B)
@ コモ (Sales ¥ 5 B)
@ AKIKAWA FOODS & FARMS (Sales ¥ 4 B)
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