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Credit Rating Analysis: Hitachi Chemical (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): Hitachi Chemical (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  BB  Credit is a little enough, but be insufficient potential by biz environs. ¥ 464 B
-1.77%
¥ 27 B
-1.63%
¥ 18 B
14.55%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating ABBAA
Total Assets
¥ 458 B
¥ 477 B
¥ 486 B
¥ 495 B
Net Assets
¥ 299 B
¥ 313 B
¥ 316 B
¥ 321 B

Financial Statement Risk Analysis: Hitachi Chemical (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 464 B) is first term Sales (¥ 473 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 356 B) is first term Gross Income (¥ 368 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -53 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 47 B) is a plus,
Dividend
Under the situation of Net Income (¥ 18 B) & Operating Cash Flow (¥ 47 B) , Dividend (¥ -7 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 3 B) is Sales first term ratio (¥ -8 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 473 B) is first term Sales (¥ 497 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 16 B) is first term Net Income (¥ 18 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (3.47%) is first term Net Profit Margin (3.81%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 16 B) & Operating Cash Flow (¥ 42 B) , Dividend (¥ -7 B) is paid.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -24 B) & Operating Cash Flow first term ratio (¥ -1 B) is a minus, Interest-bearing Debt (¥ 40 B) is first term Interest-bearing Debt (¥ 26 B) 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 (¥ -19 B) is Sales first term ratio (¥ -24 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 is decrease )
Net Income (¥ 18 B) is first term Net Income (¥ 23 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (3.81%) is first term Net Profit Margin (5.16%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -35 B) & Financial Cash Flow (¥ -6 B) is a minus, Operating Cash Flow (¥ 44 B) is a plus,
Dividend
Under the situation of Net Income (¥ 18 B) & Operating Cash Flow (¥ 44 B) , Dividend (¥ -7 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 497 B) is first term (¥ 455 B) more, however Operating Cash Flow (¥ 44 B) is first term (¥ 56 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 455 B) is first term Sales (¥ 488 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 342 B) is first term Gross Income (¥ 387 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -20 B) & Financial Cash Flow (¥ -12 B) is a minus, Operating Cash Flow (¥ 56 B) is a plus,
Dividend
Under the situation of Net Income (¥ 23 B) & Operating Cash Flow (¥ 56 B) , Dividend (¥ -6 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 45 B) is Sales first term ratio (¥ -33 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -13 B) is a minus, Issuance of new shares (¥ 1 B) is plus. Because a possibility of having appropriated the capital-increase fund for repayment of borrowed money is high , there is a possibility that the financing is extremely severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -41 B) & Financial Cash Flow (¥ -13 B) is a minus, Operating Cash Flow (¥ 55 B) is a plus,
Dividend
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ 55 B) , Dividend (¥ -7 B) is paid.

Ticker Market Industry Month report Rating
@ Hitachi Chemical 4217 TSE 1st Chemicals 3 Annual BB

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