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Credit Rating Analysis: Daido Steel (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): Daido Steel (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. ¥ 440 B
-9.96%
¥ 16 B
-48.12%
¥ 10 B
-51.65%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBBBBBBB
Total Assets
¥ 496 B
¥ 511 B
¥ 535 B
¥ 548 B
Net Assets
¥ 235 B
¥ 245 B
¥ 254 B
¥ 260 B

Financial Statement Risk Analysis: Daido Steel (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 440 B) is first term Sales (¥ 489 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 10 B) is first term Net Income (¥ 22 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (2.49%) is first term Net Profit Margin (4.64%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -28 B) & Financial Cash Flow (¥ -17 B) is a minus, Operating Cash Flow (¥ 33 B) is a plus,
Dividend
Under the situation of Net Income (¥ 10 B) & Operating Cash Flow (¥ 33 B) , Dividend (¥ -3 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -12 B) is Sales first term ratio (¥ -48 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 22 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 (4.64%) is first term Net Profit Margin (4.87%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -21 B) & Financial Cash Flow (¥ -6 B) is a minus, Operating Cash Flow (¥ 41 B) is a plus,
Dividend
Under the situation of Net Income (¥ 22 B) & Operating Cash Flow (¥ 41 B) , Dividend (¥ -3 B) is paid.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -10 B) & Financial Cash Flow (¥ -19 B) is a minus, Operating Cash Flow (¥ 41 B) is a plus,
Dividend
Under the situation of Net Income (¥ 23 B) & Operating Cash Flow (¥ 41 B) , Dividend (¥ -2 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 (¥ 362 B) , Sales (¥ 532 B) is less than 80%, and As compared with the first term of Net Income (¥ -8 B) , Net Income (¥ -14 B) is less than 10%, , there is a possibility that the management situation has deteriorated very much.
Management Risk (*Sales is decrease )
Sales (¥ 362 B) is first term Sales (¥ 532 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -14 B) is first term Net Income (¥ -8 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-4.03%) is first term Net Profit Margin (-1.53%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -15 B) & Financial Cash Flow (¥ -34 B) is a minus, Operating Cash Flow (¥ 36 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -14 B) & Operating Cash Flow (¥ 36 B), Dividend (¥ -867 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -52 B) is Sales first term ratio (¥ -170 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 (¥ -8 B) is minus or 0, so , there is a possibility that the management situation is severe.
Dividend Risk
Under the situation of Net Income (¥ -8 B) & Operating Cash Flow (¥ 39 B), Dividend (¥ -3 B) is paid.

Ticker Market Industry Month report Rating
@ Daido Steel 5471 TSE 1st Iron & Steel 3 Annual BB

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