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Credit Rating Analysis: GINZA YAMAGATAYA  (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): GINZA YAMAGATAYA  (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CC  Credit is very vulnerable. ¥ 4 B
2.05%
¥ 27 M
129.67%
¥ 6 M
102.67%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCBC
Total Assets
¥ 4 B
¥ 4 B
¥ 4 B
¥ 4 B
Net Assets
¥ 2 B
¥ 2 B
¥ 2 B
¥ 2 B

Financial Statement Risk Analysis: GINZA YAMAGATAYA  (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.
Net Assets have dropped 5 consecutive terms. The fiscal base is getting worse.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -215 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -92 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -224 M) & Operating Cash Flow (¥ -10 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 4 B) is first term Sales (¥ 4 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 2 B) is first term Gross Income (¥ 2 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 (¥ 77 M) is Sales first term ratio (¥ -137 M) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -10 M) and Investment Cash Flow (¥ -45 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -81 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -405 M) & Operating Cash Flow (¥ -95 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 4 B) is first term Sales (¥ 4 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -405 M) is first term Net Income (¥ -218 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-9.28%) is first term Net Profit Margin (-4.55%) 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 (¥ 4 B) is first term Sales (¥ 4 B) less Net Income (¥ -405 M) is first term Net Income (¥ -218 M) less, however Operating Cash Flow (¥ -95 M) is compensated for Investment Cash Flow (¥ 117 M) etc. , there is a possibility that the financing is severe.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -95 M) is minus, Investment Cash Flow (¥ 117 M) 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 (¥ -91 M) is Sales first term ratio (¥ -432 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -218 M) & Operating Cash Flow (¥ -74 M) is minus or 0, so , there is a possibility that the management situation is very 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 (*Gross Income is decrease )
Gross Income (¥ 2 B) is first term Gross Income (¥ 2 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Operating Cash Flow is minus or 0 &Sales is decrease )
Sales (¥ 4 B) is first term Sales (¥ 5 B) less, however Operating Cash Flow (¥ -74 M) is compensated for Investment Cash Flow (¥ 133 M) etc. , there is a possibility that the financing is severe.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -74 M) is minus, Investment Cash Flow (¥ 133 M) 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 (¥ -235 M) is Sales first term ratio (¥ -621 M) 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(¥ -563 M) & Operating Cash Flow (¥ -256 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Dividend Risk
Under the situation of Net Income (¥ -563 M) & Operating Cash Flow (¥ -256 M), Dividend (¥ -86 M) is paid.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -256 M) and Investment Cash Flow (¥ -143 M) is minus, so , there is a possibility of the overinvestment.

Ticker Market Industry Month report Rating
@ GINZA YAMAGATAYA  8215 OSE JASDAQ Retail Trade 3 Annual CC

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