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Credit Rating Analysis: 市光工業 (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): 市光工業 (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  B  Credit is not enough, easily undermined by biz environs. ¥ 83 B
-5.06%
¥ 2 B
-53.59%
¥ 1 B
-1.12%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBCC
Total Assets
¥ 71 B
¥ 73 B
¥ 72 B
¥ 75 B
Net Assets
¥ 19 B
¥ 20 B
¥ 22 B
¥ 21 B

Financial Statement Risk Analysis: 市光工業 (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
The change of Net income is going too far. The management situation is unstable.
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 83 B) is first term Sales (¥ 87 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 1 B) is first term Net Income (¥ 1 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 (¥ -2 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -4 B) & Operating Cash Flow first term ratio (¥ -5 B) is a minus, Interest-bearing Debt (¥ 16 B) is first term Interest-bearing Debt (¥ 15 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 (¥ -1 B) is Sales first term ratio (¥ -4 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 87 B) is first term Sales (¥ 92 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 72 B) is first term Gross Income (¥ 77 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 (¥ -8 B) is a minus, Operating Cash Flow (¥ 10 B) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 1 B) is Sales first term ratio (¥ -4 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 92 B) is first term Sales (¥ 93 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 77 B) is first term Gross Income (¥ 80 B) less , there is a possibility that the management situation has stagnated and deteriorated
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -839 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 93 B) is first term Sales (¥ 102 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 80 B) is first term Gross Income (¥ 89 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -2 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 2 B) is Sales first term ratio (¥ -8 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(¥ -17 B) & Operating Cash Flow (¥ -1 B) 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 (¥ -1 B) is a minus, Financial Cash Flow (¥ 205 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 (¥ -17 B) & Operating Cash Flow (¥ -1 B), Dividend (¥ -479 M) is paid.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -1 B) is minus, so , there is a possibility of the overinvestment.

Related Information: 市光工業 (Annual )

Statement Type
Annual : 市光工業
First quarter : 市光工業
Second quarter : 市光工業
Third quarter : 市光工業
Analysis Menu
@Outline : 市光工業
@Statement : 市光工業
@Rating : 市光工業
@Indicator : 市光工業
@Download : 市光工業
Industry Comparison Ranking
Transportation Equipments - EDIUNET Industry Rankings
Transportation Equipments - EDIUNET Credit Rating
Transportation Equipments - EDIUNET Industry Avg
Comparison with a neighboring company
Kanagawa - EDIUNET Prefectures
Kanagawa伊勢原市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/15 U-SHIN  CCC→BBB 2013-11-30
1/15 エッチ・ケー・エス BB→B 2013-11-30 (Q1)
1/15 ASKA BBB→BB 2013-11-30
12/13 ハイレックスコーポレー.. AAA→A 2013-10-31
12/10 EIKEN INDUSTRIES BBB→A 2013-10-31
11/14 市光工業 BB→CC 2013-09-30 (Q2)
11/14 Daido Metal BBB 2013-09-30 (Q2)
11/14 MIKUNI BB 2013-09-30 (Q2)
11/14 Jidosha Buhin Kogyo BB→BBB 2013-09-30 (Q2)
11/14 I Metal Technology BB→BBB 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ 市光工業 7244 TSE 1st Transportation Equipments 3 Annual B

Related Company

@ Privee Turnaround Group (Sales ¥ 7 B)
@ F-TECH (Sales ¥ 144 B)
@ Hitachi Zosen (Sales ¥ 296 B)
@ アスモ (Sales ¥ 303 B)
@ CALSONIC KANSEI (Sales ¥ 760 B)
@ MIKUNI (Sales ¥ 81 B)
@ 市光工業 (Sales ¥ 83 B)
@ 住友精密工業 (Sales ¥ 40 B)
@ カネミツ (Sales ¥ 6 B)
@ Namura Shipbuilding (Sales ¥ 118 B)
@ GMB  (Sales ¥ 46 B)
@ ニッキ (Sales ¥ 8 B)
@ ASKA (Sales ¥ 19 B)
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