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@ 巴川製紙所
@ ニッポン高度紙工業
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Credit Rating Analysis: ニッポン高度紙工業 (Annual )

The details of credit rating (bankruptcy risk) can be checked. A credit rating in nine stages (AAA-C).

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Credit Rating (Bankruptcy Risk): ニッポン高度紙工業 (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. ¥ 10 B
-14.63%
¥ -193 M
-127.84%
¥ -219 M
-169.08%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BCCCABBB
Total Assets
¥ 27 B
¥ 26 B
¥ 25 B
¥ 25 B
Net Assets
¥ 13 B
¥ 13 B
¥ 13 B
¥ 13 B

Financial Statement Risk Analysis: ニッポン高度紙工業 (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -219 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 10 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 (¥ -219 M) is first term Net Income (¥ 317 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-2.10%) is first term Net Profit Margin (2.59%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -219 M) & Operating Cash Flow (¥ 1 B), Dividend (¥ -193 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 904 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -219 M) is a minus, the cashflow of Operating Cash Flow (¥ 1 B) is smaller than Investment Cash Flow (¥ -3 B) , there is a possibility of the overinvestment.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -2 B) & Operating Cash Flow (¥ -78 M) is a minus, Interest-bearing Debt (¥ 8 B) is first term Interest-bearing Debt (¥ 2 B) more , there is a possibility that the financing is very severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -78 M) and Investment Cash Flow (¥ -5 B) is minus, Net Income (¥ 317 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 (¥ 12 B) is first term Sales (¥ 14 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 317 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 (2.59%) is first term Net Profit Margin (9.53%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -78 M) is a minus, Financial Cash Flow (¥ 5 B) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Dividend Risk
Under the situation of Net Income (¥ 317 M) & Operating Cash Flow (¥ -78 M), Dividend (¥ -193 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -188 M) is Sales first term ratio (¥ -2 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -666 M) is a minus, Operating Cash Flow (¥ 3 B) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 3 B) , Dividend (¥ -182 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Gross Income is decrease )
Gross Income (¥ 10 B) is first term Gross Income (¥ 10 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -131 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 477 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -107 M) is paid.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -587 M) is minus or 0, so , there is a possibility that the management situation is severe.
Dividend Risk
Under the situation of Net Income (¥ -587 M) & Operating Cash Flow (¥ 159 M), Dividend (¥ -194 M) is paid.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -587 M) is a minus, the cashflow of Operating Cash Flow (¥ 159 M) is smaller than Investment Cash Flow (¥ -1 B) , there is a possibility of the overinvestment.

Related Information: ニッポン高度紙工業 (Annual )

Statement Type
Annual : ニッポン高度紙工業
First quarter : ニッポン高度紙工業
Second quarter : ニッポン高度紙工業
Third quarter : ニッポン高度紙工業
Analysis Menu
@Outline : ニッポン高度紙工業
@Statement : ニッポン高度紙工業
@Rating : ニッポン高度紙工業
@Indicator : ニッポン高度紙工業
@Download : ニッポン高度紙工業
Industry Comparison Ranking
Pulp & Paper - EDIUNET Industry Rankings
Pulp & Paper - EDIUNET Credit Rating
Pulp & Paper - EDIUNET Industry Avg
Comparison with a neighboring company
Kochi - EDIUNET Prefectures
Kochi高知市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/15 LIHIT LAB. A 2013-11-30 (Q3)
1/9 Okayama Paper Industries A→BBB 2013-11-30 (Q2)
12/6 IMURA ENVELOPE BB→BBB 2013-10-31 (Q3)
11/14 古林紙工 BB→A 2013-09-30 (Q2)
11/13 HOKUETSU KISHU PAPER BB→BBB 2013-09-30 (Q2)
11/12 Chuetsu Pulp & Paper BB→BBB 2013-09-30 (Q2)
11/12 Tokushu Tokai Holdings BBB→A 2013-09-30 (Q2)
11/12 OHMURA SHIGYO AAA→AA 2013-09-30 (Q2)
11/11 Daio Paper B→BBB 2013-09-30 (Q2)
11/11 昭和パックス BBB→A 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ ニッポン高度紙工業 3891 OSE JASDAQ Pulp & Paper 3 Annual CCC

Related Company

@ 巴川製紙所 (Sales ¥ 34 B)
@ 野崎印刷紙業 (Sales ¥ 16 B)
@ LIHIT LAB. (Sales ¥ 8 B)
@ 巴川製紙所 (Sales ¥ 34 B)
@ 昭和パックス (Sales ¥ 18 B)
@ Superbag (Sales ¥ 34 B)
@ ニッポン高度紙工業 (Sales ¥ 12 B)
@ Tokushu Tokai Holdings (Sales ¥ 77 B)
@ Chuetsu Pulp & Paper (Sales ¥ 90 B)
@ ニッポン高度紙工業 (Sales ¥ 10 B)
@ IMURA ENVELOPE (Sales ¥ 21 B)
@ Dynapac (Sales ¥ 45 B)
@ NAKABAYASHI (Sales ¥ 48 B)
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