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Credit Rating Analysis: Hayashikane Sangyo (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): Hayashikane Sangyo (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. ¥ 45 B
-5.86%
¥ 355 M
-36.60%
¥ 351 M
139.26%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCCCCC
Total Assets
¥ 30 B
¥ 27 B
¥ 28 B
¥ 28 B
Net Assets
¥ 4 B
¥ 4 B
¥ 4 B
¥ 4 B

Financial Statement Risk Analysis: Hayashikane Sangyo (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Stated Capital less
Stated Capital (¥ 3 B) is first term Stated Capital (¥ 4 B) less , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 45 B) is first term Sales (¥ 48 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 38 B) is first term Gross Income (¥ 41 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -504 M) & Financial Cash Flow (¥ -427 M) is a minus, Operating Cash Flow (¥ 258 M) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 932 M) is Sales first term ratio (¥ -2 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -358 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -894 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 48 B) is first term Sales (¥ 51 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -894 M) is first term Net Income (¥ -289 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.85%) is first term Net Profit Margin (-0.56%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -516 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -871 M) is Sales first term ratio (¥ -3 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -289 M) & Operating Cash Flow (¥ -230 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 51 B) is first term Sales (¥ 51 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -289 M) 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 (-0.56%) is first term Net Profit Margin (0.19%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -230 M) is a minus, Financial Cash Flow (¥ 298 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 53 M) is Sales first term ratio (¥ -133 M) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -230 M) and Investment Cash Flow (¥ -133 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 51 B) is first term Sales (¥ 55 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 43 B) is first term Gross Income (¥ 47 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -387 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -1 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
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -70 M) is minus or 0, so , there is a possibility that the management situation is severe.

Related Information: Hayashikane Sangyo (Annual )

Statement Type
Annual : Hayashikane Sangyo
First quarter : Hayashikane Sangyo
Second quarter : Hayashikane Sangyo
Third quarter : Hayashikane Sangyo
Analysis Menu
@Outline : Hayashikane Sangyo
@Statement : Hayashikane Sangyo
@Rating : Hayashikane Sangyo
@Indicator : Hayashikane Sangyo
@Download : Hayashikane Sangyo
Industry Comparison Ranking
Foods - EDIUNET Industry Rankings
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Comparison with a neighboring company
Yamaguchi - EDIUNET Prefectures
Yamaguchi下関市 - EDIUNET Prefectures

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
@ Hayashikane Sangyo 2286 TSE 1st Foods 3 Annual CCC

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