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Credit Rating Analysis: KYODO PAPER HOLDINGS (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): KYODO PAPER HOLDINGS (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  BB  Credit is a little enough, but be insufficient potential by biz environs. ¥ 17 B
-0.89%
¥ 208 M
74.78%
¥ 174 M
480.00%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBBABBB
Total Assets
¥ 9 B
¥ 9 B
¥ 9 B
¥ 9 B
Net Assets
¥ 2 B
¥ 3 B
¥ 3 B
¥ 3 B

Financial Statement Risk Analysis: KYODO PAPER HOLDINGS (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 17 B) is first term Sales (¥ 17 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 15 B) is first term Gross Income (¥ 15 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -52 M) & Financial Cash Flow (¥ -361 M) is a minus, Operating Cash Flow (¥ 533 M) is a plus,
Dividend
Under the situation of Net Income (¥ 174 M) & Operating Cash Flow (¥ 533 M) , Dividend (¥ -33 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -89 M) is Sales first term ratio (¥ -158 M) 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 (¥ 17 B) is first term Sales (¥ 19 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 30 M) is first term Net Income (¥ 49 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.17%) is first term Net Profit Margin (0.26%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 30 M) & Operating Cash Flow (¥ 309 M) , Dividend (¥ -33 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -175 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 (*Sales is decrease )
Sales (¥ 19 B) is first term Sales (¥ 21 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 49 M) is first term Net Income (¥ 81 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.26%) is first term Net Profit Margin (0.37%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 49 M) & Operating Cash Flow (¥ 155 M) , Dividend (¥ -33 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -954 M) is Sales first term ratio (¥ -2 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 21 B) is first term Sales (¥ 24 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 19 B) is first term Gross Income (¥ 21 B) less , there is a possibility that the management situation has stagnated and deteriorated
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -309 M) is Sales first term ratio (¥ -2 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 (¥ -155 M) is minus or 0, so , there is a possibility that the management situation is severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -135 M) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Non-performing asset Risk
Net Income (¥ -155 M) is a minus, Other Current Assets (¥ 6 B) - more than 50% of Total Assets (¥ 12 B) is occupied , there is a possibility of holding the non-performing asset.

Ticker Market Industry Month report Rating
@ KYODO PAPER HOLDINGS 9849 OSE JASDAQ Wholesale Trade 3 Annual BB

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@ JAPAN PUBLICATIONS TRADING (Sales ¥ 8 B)
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