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Credit Rating Analysis: Sumitomo Metal Industries (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): Sumitomo Metal Industries (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2012-03-31  C  Credit is extremely vulnerable. The lowest rating. ¥ 1.4 T
5.05%
¥ 60 B
78.57%
¥ -53 B
-653.06%

Financial Timeline

Date  2011-09-30 
(Second quarter )
 2011-12-31 
(Third quarter )
 2012-03-31 
(Annual )
 2012-06-30 
(First quarter )
Credit Rating CBCC
Total Assets
¥ 2.4 T
¥ 2.4 T
¥ 2.3 T
¥ 2.3 T
Net Assets
¥ 802 B
¥ 763 B
¥ 761 B
¥ 740 B

Financial Statement Risk Analysis: Sumitomo Metal Industries (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
Net Assets have dropped 4 consecutive terms. The fiscal base is getting worse.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -53 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Net Income is decrease )
Net Income (¥ -53 B) is first term Net Income (¥ -7 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-3.65%) is first term Net Profit Margin (-0.51%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -120 B) & Financial Cash Flow (¥ -32 B) is a minus, Operating Cash Flow (¥ 88 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -53 B) & Operating Cash Flow (¥ 88 B), Dividend (¥ -9 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 1.4 T) is first term (¥ 1.4 T) more, however Operating Cash Flow (¥ 88 B) is first term (¥ 202 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 (¥ 75 B) is Sales first term ratio (¥ 70 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -53 B) is a minus, the cashflow of Operating Cash Flow (¥ 88 B) is smaller than Investment Cash Flow (¥ -120 B) , there is a possibility of the overinvestment.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -7 B) 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 (¥ -144 B) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 202 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -7 B) & Operating Cash Flow (¥ 202 B), Dividend (¥ -23 B) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Sales is sharp decrease )
As compared with the first term of Sales (¥ 1.2 T) , Sales (¥ 1.8 T) is less than 80%, and As compared with the first term of Net Income (¥ 97 B) , Net Income (¥ -49 B) is less than 10%, , there is a possibility that the management situation has deteriorated very much.
Management Risk (*Sales is decrease )
Sales (¥ 1.2 T) is first term Sales (¥ 1.8 T) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -49 B) is first term Net Income (¥ 97 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-3.87%) is first term Net Profit Margin (5.28%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -49 B) & Operating Cash Flow (¥ 67 B), Dividend (¥ -34 B) is paid.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -558 B) & Operating Cash Flow first term ratio (¥ -123 B) is a minus, Interest-bearing Debt (¥ 1.1 T) is first term Interest-bearing Debt (¥ 990 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 (¥ -109 B) is Sales first term ratio (¥ -558 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -49 B) is a minus, the cashflow of Operating Cash Flow (¥ 67 B) is smaller than Investment Cash Flow (¥ -172 B) , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 97 B) & Operating Cash Flow (¥ 190 B) , Dividend (¥ -46 B) is paid.

Related Information: Sumitomo Metal Industries (Annual )

Statement Type
Annual : Sumitomo Metal Industries
First quarter : Sumitomo Metal Industries
Second quarter : Sumitomo Metal Industries
Third quarter : Sumitomo Metal Industries
Analysis Menu
@Outline : Sumitomo Metal Industries
@Statement : Sumitomo Metal Industries
@Rating : Sumitomo Metal Industries
@Indicator : Sumitomo Metal Industries
@Download : Sumitomo Metal Industries
Industry Comparison Ranking
Iron & Steel - EDIUNET Industry Rankings
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Comparison with a neighboring company
Osaka - EDIUNET Prefectures
Osaka大阪市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
11/14 SNT A 2013-09-30 (Q2)
11/14 TDF BB→CC 2013-09-30 (Q2)
11/14 Daiwa Heavy Industry CCC 2013-09-30 (Q3)
11/13 日新製鋼 CCC→BB 2013-09-30 (Q2)
11/12 Pacific Metals A→BB 2013-09-30 (Q2)
11/12 ENVIPRO HOLDINGS - 2013-09-30 (Q1)
11/12 ITEC C 2013-09-30 (Q2)
11/12 CHUO MALLEABLE IRON BBB→BB 2013-09-30 (Q2)
11/8 日新製鋼ホールディングス - 2013-09-30 (Q2)
11/8 Maruichi Steel Tube AA 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ Sumitomo Metal Industries 5405 TSE 1st Iron & Steel 3 Annual C

Related Company

@ SUZUKI METAL INDUSTRY (Sales ¥ 48 B)
@ SHINHOKOKU STEEL (Sales ¥ 4 B)
@ 日新製鋼 (Sales ¥ 515 B)
@ 日本鋳造 (Sales ¥ 11 B)
@ NIPPON KINZOKU (Sales ¥ 38 B)
@ サンユウ (Sales ¥ 14 B)
@ Nippon Metal Industry (Sales ¥ 81 B)
@ 高砂鐵工 (Sales ¥ 9 B)
@ Chubu Steel Plate (Sales ¥ 34 B)
@ 日本冶金工業 (Sales ¥ 108 B)
@ Nakayama Steel Works (Sales ¥ 141 B)
@ Tohoku Steel (Sales ¥ 16 B)
@ 日本高周波鋼業 (Sales ¥ 37 B)
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