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Credit Rating Analysis: 黒田精工 (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): 黒田精工 (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CC  Credit is very vulnerable. ¥ 10 B
-10.45%
¥ 242 M
-64.20%
¥ -180 M
-161.64%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCCCCCC
Total Assets
¥ 18 B
¥ 18 B
¥ 19 B
¥ 17 B
Net Assets
¥ 6 B
¥ 6 B
¥ 6 B
¥ 8 B

Financial Statement Risk Analysis: 黒田精工 (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 (¥ -180 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 10 B) is first term Sales (¥ 11 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -180 M) is first term Net Income (¥ 292 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.71%) is first term Net Profit Margin (2.48%) 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 (¥ -293 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -180 M) & Operating Cash Flow (¥ 1 B), Dividend (¥ -56 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 74 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -180 M) is a minus, the cashflow of Operating Cash Flow (¥ 1 B) is smaller than Investment Cash Flow (¥ -2 B) , there is a possibility of the overinvestment.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 292 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 (2.48%) is first term Net Profit Margin (9.35%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -298 M) & Financial Cash Flow (¥ -614 M) is a minus, Operating Cash Flow (¥ 852 M) is a plus,
Dividend
Under the situation of Net Income (¥ 292 M) & Operating Cash Flow (¥ 852 M) , Dividend (¥ -84 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 11 B) is first term (¥ 11 B) more, however Operating Cash Flow (¥ 852 M) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -100 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 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(¥ -2 B) & Operating Cash Flow (¥ -232 M) 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 (¥ -4 B) & Operating Cash Flow (¥ -232 M) is a minus, Interest-bearing Debt (¥ 7 B) is first term Interest-bearing Debt (¥ 6 B) more , there is a possibility that the financing is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 6 B) is first term Sales (¥ 11 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -2 B) is first term Net Income (¥ -408 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-35.72%) is first term Net Profit Margin (-3.59%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -232 M) is a minus, Financial Cash Flow (¥ 758 M) 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 (¥ -666 M) is Sales first term ratio (¥ -4 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -232 M) and Investment Cash Flow (¥ -168 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -408 M) is minus or 0, so , there is a possibility that the management situation is severe.
Dividend Risk
Under the situation of Net Income (¥ -408 M) & Operating Cash Flow (¥ 564 M), Dividend (¥ -140 M) is paid.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -408 M) is a minus, the cashflow of Operating Cash Flow (¥ 564 M) is smaller than Investment Cash Flow (¥ -1 B) , there is a possibility of the overinvestment.

Related Information: 黒田精工 (Annual )

Statement Type
Annual : 黒田精工
First quarter : 黒田精工
Second quarter : 黒田精工
Third quarter : 黒田精工
Analysis Menu
@Outline : 黒田精工
@Statement : 黒田精工
@Rating : 黒田精工
@Indicator : 黒田精工
@Download : 黒田精工
Industry Comparison Ranking
Precision Instruments - EDIUNET Industry Rankings
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Comparison with a neighboring company
Kanagawa - EDIUNET Prefectures
Kanagawa川崎市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/15 シグマ光機 BBB 2013-11-30 (Q2)
1/15 RORZE B→BB 2013-11-30 (Q3)
1/9 スター精密 BB 2013-11-30 (Q3)
1/7 マニー AA 2013-11-30 (Q1)
12/13 インスペック C 2013-10-31 (Q2)
12/5 三井ハイテック A→AA 2013-10-31 (Q3)
12/5 アルチザネットワークス BB→BBB 2013-10-31 (Q1)
11/14 asahi intecc BBB→A 2013-09-30 (Q1)
11/14 黒田精工 B→CCC 2013-09-30 (Q2)
11/14 Precision Sysem Science CCC→BBB 2013-09-30 (Q1)

Ticker Market Industry Month report Rating
@ 黒田精工 7726 TSE 2st Precision Instruments 3 Annual CC

Related Company

@ V Technology (Sales ¥ 3 B)
@ ACMOS (Sales ¥ 2 B)
@ KUBOTEK (Sales ¥ 1 B)
@ レイテックス (Sales ¥ 1 B)
@ MORITEX (Sales ¥ 7 B)
@ Nidec Copal (Sales ¥ 51 B)
@ GATEWAY (Sales ¥ 1 B)
@ アルチザネットワークス (Sales ¥ 1 B)
@ sekonic holdings (Sales ¥ 10 B)
@ シグマ光機 (Sales ¥ 6 B)
@ CHINO (Sales ¥ 17 B)
@ Nihon Seimitsu (Sales ¥ 5 B)
@ TAZMO (Sales ¥ 5 B)
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