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Credit Rating Analysis: 橋本総業 (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): 橋本総業 (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  BBB  Credit is enough, but be decreased potential by biz environs. ¥ 110 B
0.76%
¥ 1 B
-9.32%
¥ 858 M
-7.84%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBBBBBBB
Total Assets
¥ 48 B
¥ 49 B
¥ 46 B
¥ 51 B
Net Assets
¥ 11 B
¥ 11 B
¥ 11 B
¥ 12 B

Financial Statement Risk Analysis: 橋本総業 (Annual ) (Consolidated )

Special note
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 858 M) is first term Net Income (¥ 931 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.78%) is first term Net Profit Margin (0.85%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -585 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Dividend
Under the situation of Net Income (¥ 858 M) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -234 M) is paid.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -394 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 931 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -226 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 109 B) is first term (¥ 103 B) more, however Operating Cash Flow (¥ 1 B) is first term (¥ 4 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 720 M) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -195 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -10 B) & Operating Cash Flow (¥ -4 B) is a minus, Interest-bearing Debt (¥ 15 B) is first term Interest-bearing Debt (¥ 8 B) 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 (¥ -4 B) and Investment Cash Flow (¥ -1 B) is minus, Net Income (¥ 493 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 (¥ 96 B) is first term Sales (¥ 106 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 87 B) is first term Gross Income (¥ 96 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -4 B) is a minus, Financial Cash Flow (¥ 6 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 (¥ 493 M) & Operating Cash Flow (¥ -4 B), Dividend (¥ -217 M) is paid.
Non-performing asset Risk
Operating Cash Flow (¥ -4 B) is a minus, Other Current Assets (¥ 29 B) - more than 50% of Total Assets (¥ 49 B) is occupied , there is a possibility of holding the non-performing asset.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 6 B) is Sales first term ratio (¥ -10 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -1 B) is minus, Net Income (¥ 480 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.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -1 B) is a minus, Financial Cash Flow (¥ 3 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 (¥ 480 M) & Operating Cash Flow (¥ -1 B), Dividend (¥ -260 M) is paid.
Non-performing asset Risk
Operating Cash Flow (¥ -1 B) is a minus, Other Current Assets (¥ 23 B) - more than 50% of Total Assets (¥ 41 B) is occupied , there is a possibility of holding the non-performing asset.

Ticker Market Industry Month report Rating
@ 橋本総業 7570 OSE JASDAQ Wholesale Trade 3 Annual BBB

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