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

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CC  Credit is very vulnerable. ¥ 138 B
-5.69%
¥ 6 B
-25.18%
¥ 6 B
20.41%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCBB
Total Assets
¥ 131 B
¥ 152 B
¥ 147 B
¥ 149 B
Net Assets
¥ 74 B
¥ 85 B
¥ 72 B
¥ 74 B

Financial Statement Risk Analysis: Hitachi Kokusai Electric (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -2 B) is a minus, Other Current Assets (¥ 113 B) - more than 66% of Total Assets (¥ 152 B) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 138 B) is first term Sales (¥ 147 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 101 B) is first term Gross Income (¥ 106 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Operating Cash Flow is minus or 0 &Sales is decrease )
Sales (¥ 138 B) is first term Sales (¥ 147 B) less, however Operating Cash Flow (¥ -2 B) is compensated for Investment Cash Flow (¥ 5 B) etc. , there is a possibility that the financing is severe.
Dividend Risk
Under the situation of Net Income (¥ 6 B) & Operating Cash Flow (¥ -2 B), Dividend (¥ -1 B) is paid.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -2 B) is minus, Investment Cash Flow (¥ 5 B) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 4 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 (*Gross Income is decrease )
Gross Income (¥ 106 B) is first term Gross Income (¥ 108 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -6 B) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 7 B) is a plus,
Dividend
Under the situation of Net Income (¥ 5 B) & Operating Cash Flow (¥ 7 B) , Dividend (¥ -1 B) is paid.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Net Income (¥ -5 B) is a minus, Other Current Assets (¥ 110 B) - more than 66% of Total Assets (¥ 149 B) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -5 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Net Income is decrease )
Net Income (¥ -5 B) is first term Net Income (¥ -1 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-3.55%) is first term Net Profit Margin (-1.48%) 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 (¥ -1 B) is a minus, Operating Cash Flow (¥ 3 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -5 B) & Operating Cash Flow (¥ 3 B), Dividend (¥ -1 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 142 B) is first term (¥ 122 B) more, however Operating Cash Flow (¥ 3 B) is first term (¥ 11 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Net Income (¥ -1 B) is a minus, Other Current Assets (¥ 99 B) - more than 66% of Total Assets (¥ 149 B) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 122 B) is first term Sales (¥ 128 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 98 B) is first term Gross Income (¥ 109 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -612 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 11 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -1 B) & Operating Cash Flow (¥ 11 B), Dividend (¥ -1 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 32 B) is Sales first term ratio (¥ -6 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 & Operating Cash Flow is minus or 0 )
Net Income(¥ -24 B) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Dividend Risk
Under the situation of Net Income (¥ -24 B) & Operating Cash Flow (¥ -1 B), Dividend (¥ -1 B) is paid.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -5 B) is minus, so , there is a possibility of the overinvestment.

Related Information: Hitachi Kokusai Electric (Annual )

Statement Type
Annual : Hitachi Kokusai Electric
First quarter : Hitachi Kokusai Electric
Second quarter : Hitachi Kokusai Electric
Third quarter : Hitachi Kokusai Electric
Analysis Menu
@Outline : Hitachi Kokusai Electric
@Statement : Hitachi Kokusai Electric
@Rating : Hitachi Kokusai Electric
@Indicator : Hitachi Kokusai Electric
@Download : Hitachi Kokusai Electric
Industry Comparison Ranking
Electric Appliances - EDIUNET Industry Rankings
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Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo千代田区 - EDIUNET Prefectures

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