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Credit Rating (Bankruptcy Risk): Techno Alpha (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: Techno Alpha (Annual ) (Consolidated )

[Date: 2013-11-30]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 2 B) is first term Sales (¥ 3 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 133 M) is first term Net Income (¥ 175 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (5.16％) is first term Net Profit Margin (5.77％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 133 M) & Operating Cash Flow (¥ 25 M) , Dividend (¥ -57 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -32 M) is Sales first term ratio (¥ -454 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2012-11-30]  Danger : Warning : Caution : Good

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -46 M) and Investment Cash Flow (¥ -71 M) is minus, Net Income (¥ 175 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 (*Net Profit Margin is decrease )
Net Profit Margin (5.77％) is first term Net Profit Margin (6.12％) less , there is a possibility that the profitability has deteriorated.

Dividend Risk
Under the situation of Net Income (¥ 175 M) & Operating Cash Flow (¥ -46 M), Dividend (¥ -45 M) is paid.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 3 B) is first term (¥ 2 B) more, however Operating Cash Flow (¥ -46 M) is first term (¥ 155 M) less , there is a possibility that the financing has deteriorated very much.

Non-performing asset Risk
Operating Cash Flow (¥ -46 M) is a minus, Other Current Assets (¥ 1 B) - more than 50% of Total Assets (¥ 2 B) is occupied , there is a possibility of holding the non-performing asset.

[Date: 2011-11-30]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 2 B) is first term Sales (¥ 2 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 1 B) is first term Gross Income (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -126 M) & Financial Cash Flow (¥ -122 M) is a minus, Operating Cash Flow (¥ 155 M) is a plus,

Dividend
Under the situation of Net Income (¥ 156 M) & Operating Cash Flow (¥ 155 M) , Dividend (¥ -46 M) is paid.

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -155 M) & Operating Cash Flow first term ratio (¥ -44 M) is a minus, Interest-bearing Debt (¥ 49 M) is first term Interest-bearing Debt (-) more , there is a possibility that the financing has deteriorated very much.

[Date: 2010-11-30]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 130 M) & Operating Cash Flow (¥ 200 M) , Dividend (¥ -45 M) is paid.

[Date: 2009-11-30]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 29 M) & Operating Cash Flow (¥ 70 M) , Dividend (¥ -46 M) is paid.

Credit Rating (Bankruptcy Risk): Techno Alpha (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: Techno Alpha (Annual ) (Non-Consolidated )

Special note

Net sales and net income has increased 3 consecutive terms. The performance is good.

[Date: 2011-11-30]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 1 B) is first term Sales (¥ 2 B) less , there is a possibility that the management situation has stagnated and deteriorated

Dividend
Under the situation of Net Income (¥ 124 M) & Operating Cash Flow (-) , Dividend (¥ -46 M) is paid.

[Date: 2010-11-30]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 123 M) & Operating Cash Flow (-) , Dividend (¥ -45 M) is paid.

[Date: 2009-11-30]  Danger : Warning : Caution : Good

Dividend
Under the situation of Net Income (¥ 33 M) & Operating Cash Flow (-) , Dividend (¥ -46 M) is paid.