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Credit Rating Analysis: 築地魚市場 (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): 築地魚市場 (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  C  Credit is extremely vulnerable. The lowest rating. ¥ 76 B
-8.76%
¥ -2 B
-1,885.82%
¥ -3 B
-19,575.00%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCCCC
Total Assets
¥ 16 B
¥ 14 B
¥ 13 B
¥ 13 B
Net Assets
¥ 4 B
¥ 3 B
¥ 3 B
¥ 3 B

Financial Statement Risk Analysis: 築地魚市場 (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 (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -3 B) & Operating Cash Flow (¥ -256 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 76 B) is first term Sales (¥ 84 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -3 B) is first term Net Income (¥ 20 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-5.08%) is first term Net Profit Margin (0.02%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Operating Cash Flow is minus or 0 &Sales & Net Income is decrease )
Sales (¥ 76 B) is first term Sales (¥ 84 B) less Net Income (¥ -3 B) is first term Net Income (¥ 20 M) less, however Operating Cash Flow (¥ -256 M) is compensated for Investment Cash Flow (¥ 2 B) etc. , there is a possibility that the financing is severe.
Dividend Risk
Under the situation of Net Income (¥ -3 B) & Operating Cash Flow (¥ -256 M), Dividend (¥ -67 M) is paid.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -256 M) is minus, Investment Cash Flow (¥ 2 B) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -2 B) is Sales first term ratio (¥ -7 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 (¥ 84 B) is first term Sales (¥ 85 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 79 B) is first term Gross Income (¥ 81 B) less , there is a possibility that the management situation has stagnated and deteriorated
Dividend
Under the situation of Net Income (¥ 20 M) & Operating Cash Flow (¥ 166 M) , Dividend (¥ -67 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 392 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -599 M) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Net Income is decrease )
Net Income (¥ -599 M) is first term Net Income (¥ 185 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-0.70%) is first term Net Profit Margin (0.22%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Operating Cash Flow is minus or 0 &Net Income is decrease )
Net Income (¥ -599 M) is first term Net Income (¥ 185 M) less, however Operating Cash Flow (¥ -1 B) is compensated for Investment Cash Flow (¥ 443 M) etc. , there is a possibility that the financing is severe.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -1 B) is a minus, Financial Cash Flow (¥ 948 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 (¥ -599 M) & Operating Cash Flow (¥ -1 B), Dividend (¥ -112 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Operating Cash Flow (¥ -1 B) is a minus, Interest-bearing Debt (¥ 8 B) is first term Interest-bearing Debt (¥ 7 B) more , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 85 B) is first term (¥ 84 B) more, however Operating Cash Flow (¥ -1 B) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -1 B) is minus, Investment Cash Flow (¥ 443 M) is plus. Because the main occupation was dull, stock property may have been sold off.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 84 B) is first term Sales (¥ 88 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 (¥ 84 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -295 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 185 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -112 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -617 M) is Sales first term ratio (¥ -4 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(¥ -1 B) & Operating Cash Flow (¥ -631 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 (¥ -631 M) is a minus, Financial Cash Flow (¥ 2 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 (¥ -1 B) & Operating Cash Flow (¥ -631 M), Dividend (¥ -134 M) is paid.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -631 M) and Investment Cash Flow (¥ -1 B) is minus, so , there is a possibility of the overinvestment.

Ticker Market Industry Month report Rating
@ 築地魚市場 8039 TSE 2st Wholesale Trade 3 Annual C

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@ Sokensha (Sales ¥ 4 B)
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@ iFLAG (Sales ¥ 4 B)
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@ MAGNET HOLDINGS (Sales ¥ 336 M)
@ PALTEK (Sales ¥ 13 B)
@ IDEA INTERNATIONAL (Sales ¥ 4 B)
@ ダルトン (Sales ¥ 15 B)
@ 日教販 (Sales ¥ 31 B)
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@ MIKUNI SHOJI (Sales ¥ 22 B)
@ 内外テック (Sales ¥ 11 B)
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