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Credit Rating Analysis: Nihon Seimitsu (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): Nihon Seimitsu (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. ¥ 5 B
-6.94%
¥ 105 M
-64.40%
¥ 90 M
-69.59%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCCCCCCCC
Total Assets
¥ 3 B
¥ 3 B
¥ 3 B
¥ 4 B
Net Assets
¥ 1 B
¥ 1 B
¥ 1 B
¥ 1 B

Financial Statement Risk Analysis: Nihon Seimitsu (Annual ) (Consolidated )

Special note
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -417 M) & Operating Cash Flow (¥ -125 M) is a minus, Interest-bearing Debt (¥ 1 B) is first term Interest-bearing Debt (¥ 799 M) more , there is a possibility that the financing is very severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -125 M) and Investment Cash Flow (¥ -290 M) is minus, Net Income (¥ 90 M) 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.
Management Risk (*Sales is decrease )
Sales (¥ 5 B) is first term Sales (¥ 6 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 90 M) is first term Net Income (¥ 296 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (1.61%) is first term Net Profit Margin (4.93%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -125 M) is a minus, Financial Cash Flow (¥ 290 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 (¥ 320 M) is Sales first term ratio (¥ -417 M) 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. (¥ -25 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 6 B) is first term (¥ 5 B) more, however Operating Cash Flow (¥ 290 M) is first term (¥ 406 M) less , there is a possibility that the financing has deteriorated very much.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -311 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -115 M) & Financial Cash Flow (¥ -200 M) is a minus, Operating Cash Flow (¥ 406 M) is a plus,
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -488 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -54 M) is a minus, Issuance of new shares (¥ 190 M) is plus. Because a possibility of having appropriated the capital-increase fund for repayment of borrowed money is high , there is a possibility that the financing is extremely severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -52 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 4 B) is first term Sales (¥ 5 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -52 M) is first term Net Income (¥ 43 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.26%) is first term Net Profit Margin (0.86%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -84 M) & Financial Cash Flow (¥ -54 M) is a minus, Operating Cash Flow (¥ 206 M) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -158 M) is Sales first term ratio (¥ -809 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -536 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -129 M) is a minus, Issuance of new shares (¥ 200 M) is plus. Because a possibility of having appropriated the capital-increase fund for repayment of borrowed money is high , there is a possibility that the financing is extremely severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -72 M) & Financial Cash Flow (¥ -129 M) is a minus, Operating Cash Flow (¥ 419 M) is a plus,

Related Information: Nihon Seimitsu (Annual )

Statement Type
Annual : Nihon Seimitsu
First quarter : Nihon Seimitsu
Second quarter : Nihon Seimitsu
Third quarter : Nihon Seimitsu
Analysis Menu
@Outline : Nihon Seimitsu
@Statement : Nihon Seimitsu
@Rating : Nihon Seimitsu
@Indicator : Nihon Seimitsu
@Download : Nihon Seimitsu
Industry Comparison Ranking
Precision Instruments - EDIUNET Industry Rankings
Precision Instruments - EDIUNET Credit Rating
Precision Instruments - EDIUNET Industry Avg
Comparison with a neighboring company
Saitama - EDIUNET Prefectures
Saitama川口市 - 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
@ Nihon Seimitsu 7771 OSE JASDAQ Precision Instruments 3 Annual CCC

Related Company

@ アルチザネットワークス (Sales ¥ 1 B)
@ CHINO (Sales ¥ 17 B)
@ KUBOTEK (Sales ¥ 1 B)
@ Nidec Copal (Sales ¥ 51 B)
@ 黒田精工 (Sales ¥ 10 B)
@ GATEWAY (Sales ¥ 1 B)
@ OVAL (Sales ¥ 11 B)
@ Nihon Seimitsu (Sales ¥ 5 B)
@ V Technology (Sales ¥ 3 B)
@ MORITEX (Sales ¥ 7 B)
@ レイテックス (Sales ¥ 1 B)
@ TAZMO (Sales ¥ 5 B)
@ ACMOS (Sales ¥ 2 B)
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