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Credit Rating Analysis: HARADA INDUSTRY (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): HARADA INDUSTRY (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  BBB  Credit is enough, but be decreased potential by biz environs. ¥ 29 B
37.77%
¥ 590 M
-42.21%
¥ 977 M
-20.82%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBBBBBBBBB
Total Assets
¥ 24 B
¥ 26 B
¥ 27 B
¥ 28 B
Net Assets
¥ 8 B
¥ 9 B
¥ 10 B
¥ 10 B

Financial Statement Risk Analysis: HARADA INDUSTRY (Annual ) (Consolidated )

Special note
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 977 M) 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 (3.26%) is first term Net Profit Margin (5.68%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 977 M) & Operating Cash Flow (¥ 85 M) , Dividend (¥ -163 M) is paid.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -149 M) and Investment Cash Flow (¥ -601 M) is minus, Net Income (¥ 1 B) is plus. Because it is unnatural that profits have come out in this situation, the possibility of holding the non-performing asset is very high.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -149 M) is a minus, Financial Cash Flow (¥ 24 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Dividend Risk
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ -149 M), Dividend (¥ -163 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Operating Cash Flow (¥ -149 M) is a minus, Interest-bearing Debt (¥ 6 B) is first term Interest-bearing Debt (¥ 6 B) more , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 21 B) is first term (¥ 21 B) more, however Operating Cash Flow (¥ -149 M) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk
Operating Cash Flow (¥ -149 M) is a minus, Other Current Assets (¥ 10 B) - more than 50% of Total Assets (¥ 19 B) is occupied , there is a possibility of holding the non-performing asset.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 1 B) is Sales first term ratio (¥ 267 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -411 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 847 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -108 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -64 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 17 B) is first term Sales (¥ 21 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 12 B) is first term Gross Income (¥ 16 B) less , there is a possibility that the management situation has stagnated and deteriorated
Dividend Risk
Under the situation of Net Income (¥ -64 M) & Operating Cash Flow (¥ 863 M), Dividend (¥ -108 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -3 B) & Operating Cash Flow first term ratio (¥ -1 B) is a minus, Interest-bearing Debt (¥ 8 B) is first term Interest-bearing Debt (¥ 8 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 (¥ 530 M) is Sales first term ratio (¥ -3 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 (¥ -766 M) is minus or 0, so , there is a possibility that the management situation is severe.
Dividend Risk
Under the situation of Net Income (¥ -766 M) & Operating Cash Flow (¥ 2 B), Dividend (¥ -271 M) is paid.

Related Information: HARADA INDUSTRY (Annual )

Statement Type
Annual : HARADA INDUSTRY
First quarter : HARADA INDUSTRY
Second quarter : HARADA INDUSTRY
Third quarter : HARADA INDUSTRY
Analysis Menu
@Outline : HARADA INDUSTRY
@Statement : HARADA INDUSTRY
@Rating : HARADA INDUSTRY
@Indicator : HARADA INDUSTRY
@Download : HARADA INDUSTRY
Industry Comparison Ranking
Electric Appliances - EDIUNET Industry Rankings
Electric Appliances - EDIUNET Credit Rating
Electric Appliances - EDIUNET Industry Avg
Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo品川区 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/10 Newtech CC→B 2013-11-30 (Q3)
12/26 Optoelectronics BB 2013-11-30
12/12 石井表記 C 2013-10-31 (Q3)
12/11 COSEL A 2013-11-20 (Q2)
12/11 SANNO CCC→B 2013-10-31 (Q1)
12/11 CCS B→BB 2013-10-31 (Q1)
12/10 SAMCO A→BB 2013-10-31 (Q1)
12/10 TOMITA ELECTRIC. BB→BBB 2013-10-31 (Q3)
12/6 SUMCO CCC→B 2013-10-31 (Q3)
12/6 OSG CORPORATION BBB→A 2013-10-31 (Q3)

Ticker Market Industry Month report Rating
@ HARADA INDUSTRY 6904 OSE JASDAQ Electric Appliances 3 Annual BBB

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@ ケル (Sales ¥ 9 B)
@ HARADA INDUSTRY (Sales ¥ 29 B)
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