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Credit Rating Analysis: New Japan Radio (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): New Japan Radio (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CC  Credit is very vulnerable. ¥ 36 B
-9.57%
¥ 1 B
144.38%
¥ 1 B
118.91%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCBBB
Total Assets
¥ 36 B
¥ 36 B
¥ 36 B
¥ 36 B
Net Assets
¥ 3 B
¥ 4 B
¥ 5 B
¥ 5 B

Financial Statement Risk Analysis: New Japan Radio (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
The change of Operating cash flow is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -699 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 36 B) is first term Sales (¥ 40 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 29 B) is first term Gross Income (¥ 37 B) less , there is a possibility that the management situation has stagnated and deteriorated
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 1 B) is Sales first term ratio (¥ -3 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -2 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -9 B) & Operating Cash Flow (¥ -4 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -5 B) & Operating Cash Flow (¥ -4 B) is a minus, Interest-bearing Debt (¥ 15 B) is first term Interest-bearing Debt (¥ 11 B) more , there is a possibility that the financing is very severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Net Income (¥ -9 B) Operating Cash Flow (¥ -4 B) is a minus, Other Current Assets (¥ 22 B) - more than 66% of Total Assets (¥ 33 B) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 40 B) is first term Sales (¥ 45 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -9 B) is first term Net Income (¥ 494 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-22.59%) is first term Net Profit Margin (1.08%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -4 B) is a minus, Financial Cash Flow (¥ 3 B) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -3 B) is Sales first term ratio (¥ -5 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -4 B) and Investment Cash Flow (¥ -3 B) is minus, so , there is a possibility of the overinvestment.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -257 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 3 B) is a plus,
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -10 B) & Operating Cash Flow (¥ -93 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 40 B) is first term Sales (¥ 45 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 (¥ -2 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-24.85%) is first term Net Profit Margin (-6.08%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -10 B) & Operating Cash Flow (¥ -93 M), Dividend (¥ -78 M) is paid.
Non-performing asset Risk
Net Income (¥ -10 B) Operating Cash Flow (¥ -93 M) is a minus, Other Current Assets (¥ 25 B) - more than 50% of Total Assets (¥ 41 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 (¥ -4 M) is Sales first term ratio (¥ -5 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -93 M) and Investment Cash Flow (¥ -532 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -2 B) & Operating Cash Flow (¥ -250 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -250 M) is a minus, Financial Cash Flow (¥ 5 B) 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 (¥ -2 B) & Operating Cash Flow (¥ -250 M), Dividend (¥ -469 M) is paid.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -250 M) and Investment Cash Flow (¥ -4 B) is minus, so , there is a possibility of the overinvestment.

Related Information: New Japan Radio (Annual )

Statement Type
Annual : New Japan Radio
First quarter : New Japan Radio
Second quarter : New Japan Radio
Third quarter : New Japan Radio
Analysis Menu
@Outline : New Japan Radio
@Statement : New Japan Radio
@Rating : New Japan Radio
@Indicator : New Japan Radio
@Download : New Japan Radio
Industry Comparison Ranking
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Comparison with a neighboring company
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@ New Japan Radio 6911 TSE 1st Electric Appliances 3 Annual CC

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