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Credit Rating Analysis: NITTAN VALVE (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): NITTAN VALVE (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 35 B
7.71%
¥ 1 B
76.91%
¥ -1 B
-13.74%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBCCCBBBBBB
Total Assets
¥ 41 B
¥ 43 B
¥ 46 B
¥ 47 B
Net Assets
¥ 27 B
¥ 26 B
¥ 28 B
¥ 29 B

Financial Statement Risk Analysis: NITTAN VALVE (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
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 (*Net Income is decrease )
Net Income (¥ -1 B) is first term Net Income (¥ -895 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-2.87%) is first term Net Profit Margin (-2.72%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -1 B) & Operating Cash Flow (¥ 3 B), Dividend (¥ -317 M) is paid.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -1 B) is a minus, the cashflow of Operating Cash Flow (¥ 3 B) is smaller than Investment Cash Flow (¥ -5 B) , there is a possibility of the overinvestment.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -895 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Net Income is decrease )
Net Income (¥ -895 M) is first term Net Income (¥ 565 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-2.72%) is first term Net Profit Margin (1.74%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -895 M) & Operating Cash Flow (¥ 2 B), Dividend (¥ -288 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 32 B) is first term (¥ 32 B) more, however Operating Cash Flow (¥ 2 B) is first term (¥ 4 B) less , 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 (¥ 936 M) is Sales first term ratio (¥ 535 M) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -895 M) is a minus, the cashflow of Operating Cash Flow (¥ 2 B) is smaller than Investment Cash Flow (¥ -3 B) , 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 (¥ -337 M) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,
Dividend
Under the situation of Net Income (¥ 565 M) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -346 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -189 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 27 B) is first term Sales (¥ 31 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 24 B) is first term Gross Income (¥ 27 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 (¥ -1 B) is a minus, Operating Cash Flow (¥ 3 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -189 M) & Operating Cash Flow (¥ 3 B), Dividend (¥ -288 M) is paid.
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: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -255 M) is minus or 0, so , there is a possibility that the management situation is severe.
Dividend Risk
Under the situation of Net Income (¥ -255 M) & Operating Cash Flow (¥ 3 B), Dividend (¥ -442 M) is paid.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -255 M) is a minus, the cashflow of Operating Cash Flow (¥ 3 B) is smaller than Investment Cash Flow (¥ -6 B) , there is a possibility of the overinvestment.

Related Information: NITTAN VALVE (Annual )

Statement Type
Annual : NITTAN VALVE
First quarter : NITTAN VALVE
Second quarter : NITTAN VALVE
Third quarter : NITTAN VALVE
Analysis Menu
@Outline : NITTAN VALVE
@Statement : NITTAN VALVE
@Rating : NITTAN VALVE
@Indicator : NITTAN VALVE
@Download : NITTAN VALVE
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秦野市 - 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
@ NITTAN VALVE 6493 TSE 2st Transportation Equipments 3 Annual CCC

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@ TOHATSU (Sales ¥ 24 B)
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@ I Metal Technology (Sales ¥ 48 B)
@ NIPPON SHARYO (Sales ¥ 83 B)
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