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Credit Rating (Bankruptcy Risk): HIVIC (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: HIVIC (Annual ) (Consolidated )

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income is decrease )
Net Income (¥ 73 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 (0.30％) is first term Net Profit Margin (5.03％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 73 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -165 M) is paid.

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

Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 25 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 19 B) is first term Gross Income (¥ 22 B) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -245 M) & Financial Cash Flow (¥ -363 M) is a minus, Operating Cash Flow (¥ 352 M) is a plus,

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 352 M) , Dividend (¥ -165 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 896 M) 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 (¥ -379 M) is minus or 0, so , there is a possibility that the management situation is severe.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -117 M) & Financial Cash Flow (¥ -137 M) is a minus, Operating Cash Flow (¥ 530 M) is a plus,

Dividend Risk
Under the situation of Net Income (¥ -379 M) & Operating Cash Flow (¥ 530 M), Dividend (¥ -168 M) is paid.

Credit Rating (Bankruptcy Risk): HIVIC (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: HIVIC (Annual ) (Non-Consolidated )

Special note

Net sales has increased 3 consecutive terms. The performance is good.

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -167 M) is minus or 0, so , there is a possibility that the management situation is severe.

Management Risk (*Net Income is decrease )
Net Income (¥ -167 M) is first term Net Income (¥ 310 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-0.60％) is first term Net Profit Margin (1.27％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ -167 M) & Operating Cash Flow (-) , Dividend (¥ -165 M) is paid.

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

Dividend
Under the situation of Net Income (¥ 310 M) & Operating Cash Flow (-) , Dividend (¥ -165 M) is paid.

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

Dividend
Under the situation of Net Income (¥ 36 M) & Operating Cash Flow (-) , Dividend (¥ -168 M) is paid.