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Credit Rating Analysis: IHARA CHEMICAL INDUSTRY (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): IHARA CHEMICAL INDUSTRY (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-10-31  BB  Credit is a little enough, but be insufficient potential by biz environs. ¥ 30 B
12.63%
¥ 2 B
8.39%
¥ 1 B
10.40%

Financial Timeline

Date  2013-01-31 
(First quarter )
 2013-04-30 
(Second quarter )
 2013-07-31 
(Third quarter )
 2013-10-31 
(Annual )
Credit Rating BBBBBBBBB
Total Assets
¥ 46 B
¥ 49 B
¥ 49 B
¥ 50 B
Net Assets
¥ 37 B
¥ 39 B
¥ 39 B
¥ 39 B

Financial Statement Risk Analysis: IHARA CHEMICAL INDUSTRY (Annual ) (Consolidated )

Special note
Net sales and net income has increased 5 consecutive terms. The performance is good.
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-10-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -172 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.
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (5.81%) is first term Net Profit Margin (5.93%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ -172 M), Dividend (¥ -225 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 30 B) is first term (¥ 26 B) more, however Operating Cash Flow (¥ -172 M) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2012-10-31]  Danger : Warning : Caution : Good
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (5.93%) is first term Net Profit Margin (6.02%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -2 B) & Financial Cash Flow (¥ -434 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -225 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 26 B) is first term (¥ 25 B) more, however Operating Cash Flow (¥ 1 B) is first term (¥ 3 B) less , 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 (¥ 1 B) is Sales first term ratio (¥ 1 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-10-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -569 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 (¥ -225 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 25 B) is first term (¥ 22 B) more, however Operating Cash Flow (¥ 3 B) is first term (¥ 4 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2010-10-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -569 M) is a minus, Operating Cash Flow (¥ 4 B) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -225 M) is paid.
[Date: 2009-10-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -519 M) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Dividend
Under the situation of Net Income (¥ 373 M) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -226 M) is paid.

Related Information: IHARA CHEMICAL INDUSTRY (Annual )

Statement Type
Annual : IHARA CHEMICAL INDUSTRY
First quarter : IHARA CHEMICAL INDUSTRY
Second quarter : IHARA CHEMICAL INDUSTRY
Third quarter : IHARA CHEMICAL INDUSTRY
Analysis Menu
@Outline : IHARA CHEMICAL INDUSTRY
@Statement : IHARA CHEMICAL INDUSTRY
@Rating : IHARA CHEMICAL INDUSTRY
@Indicator : IHARA CHEMICAL INDUSTRY
@Download : IHARA CHEMICAL INDUSTRY
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Related company's newest statement

Date Company Credit Rating Date
1/23 Milbon AA→AAA 2013-12-20
1/17 Kawaguchi Chemical Indu.. BBB→BB 2013-11-30
1/17 SANKEI CHEMICAL A 2013-11-30
1/15 HOKKO CHEMICAL INDUSTRY BB→B 2013-11-30
1/15 Daito Pharmaceutical Co . AA 2013-11-30 (Q2)
1/15 KAWAKAMI PAINT MFG. B→BB 2013-11-30
1/15 旭化学工業 AA 2013-11-30 (Q1)
1/10 OSAKA ORGANIC CHEMICAL .. BB→BBB 2013-11-30
1/10 HISAMITSU PHARMACEUTICAL A 2013-11-30 (Q3)
1/10 AMS Life Science BBB→BB 2013-11-30 (Q1)

Ticker Market Industry Month report Rating
@ IHARA CHEMICAL INDUSTRY 4989 TSE 1st Chemicals 10 Annual BB

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@ Nihon Tokushu Toryo (Sales ¥ 32 B)
@ Mitsubishi Gas Chemical (Sales ¥ 467 B)
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