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Credit Rating (Bankruptcy Risk): HIRAKAWA HEWTECH (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: HIRAKAWA HEWTECH (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income is decrease )
Net Income (¥ 614 M) is first term Net Income (¥ 825 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (3.12％) is first term Net Profit Margin (4.48％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 614 M) & Operating Cash Flow (¥ 576 M) , Dividend (¥ -156 M) is paid.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 19 B) is first term (¥ 18 B) more, however Operating Cash Flow (¥ 576 M) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.

[Date: 2012-03-31]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 825 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -141 M) is paid.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 18 B) is first term (¥ 14 B) more, however Operating Cash Flow (¥ 1 B) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -476 M) is a minus, Issuance of new shares (¥ 11 M) 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.

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (2.40％) is first term Net Profit Margin (2.41％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 87 M) is a plus, Issuance of new shares (¥ 11 M) is plus. Because it is thought that the circulating fund is gained by sale and new issue of stocks of stock property , there is a possibility that the financing is severe.

Dividend
Under the situation of Net Income (¥ 357 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -112 M) is paid.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 14 B) is first term (¥ 12 B) more, however Operating Cash Flow (¥ 1 B) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.

[Date: 2010-03-31]  Danger : Warning : Caution : Good

Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -461 M) is a minus, Issuance of new shares (¥ 11 M) 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.

Management Risk (*Sales is decrease )
Sales (¥ 12 B) is first term Sales (¥ 18 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 10 B) is first term Gross Income (¥ 15 B) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -461 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,

Dividend
Under the situation of Net Income (¥ 312 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -83 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -472 M) is Sales first term ratio (¥ -5 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 (¥ -471 M) is a minus, Issuance of new shares (¥ 11 M) 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 (¥ -1 B) & Financial Cash Flow (¥ -471 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,

Dividend
Under the situation of Net Income (¥ 305 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -170 M) is paid.

Credit Rating (Bankruptcy Risk): HIRAKAWA HEWTECH (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: HIRAKAWA HEWTECH (Annual ) (Non-Consolidated )

Special note

Net sales has dropped 3 consecutive terms. The business have high risk.

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 230 M) & Operating Cash Flow (-) , Dividend (¥ -112 M) is paid.

[Date: 2010-03-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 9 B) is first term Sales (¥ 11 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 178 M) is first term Net Income (¥ 224 M) less , there is a possibility that the management situation has stagnated and deteriorated

Dividend
Under the situation of Net Income (¥ 178 M) & Operating Cash Flow (-) , Dividend (¥ -83 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -397 M) is Sales first term ratio (¥ -2 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2009-03-31]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 224 M) & Operating Cash Flow (-) , Dividend (¥ -170 M) is paid.