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Credit Rating Analysis: Sapporo Hokuyo 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): Sapporo Hokuyo Holdings (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2012-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 172 B
3.51%
¥ 49 B
68.07%
¥ 24 B
96.75%

Financial Timeline

Date  2011-09-30 
(Second quarter )
 2011-12-31 
(Third quarter )
 2012-03-31 
(Annual )
 2012-06-30 
(First quarter )
Credit Rating CCBCCCCCC
Total Assets
¥ 282 B
¥ 7.3 T
¥ 7.7 T
¥ 7.5 T
Net Assets
¥ 282 B
¥ 311 B
¥ 344 B
¥ 331 B

Financial Statement Risk Analysis: Sapporo Hokuyo Holdings (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 increased 4consecutive terms. The fiscal base is getting better.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Gross Income is decrease )
Gross Income (¥ 122 B) is first term Gross Income (¥ 137 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -45 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 30 B) is a plus,
Dividend
Under the situation of Net Income (¥ 24 B) & Operating Cash Flow (¥ 30 B) , Dividend (¥ -1 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 172 B) is first term (¥ 166 B) more, however Operating Cash Flow (¥ 30 B) is first term (¥ 153 B) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 79 B) is Sales first term ratio (¥ 5 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 (¥ 166 B) is first term Sales (¥ 179 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 12 B) is first term Net Income (¥ 31 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (7.37%) is first term Net Profit Margin (17.62%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 12 B) & Operating Cash Flow (¥ 153 B) , Dividend (¥ -1 B) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -363 B) and Investment Cash Flow (¥ -39 B) is minus, Net Income (¥ 31 B) 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 (¥ 179 B) is first term Sales (¥ 186 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 146 B) is first term Gross Income (¥ 443 B) less , there is a possibility that the management situation has stagnated and deteriorated
Dividend Risk
Under the situation of Net Income (¥ 31 B) & Operating Cash Flow (¥ -363 B), Dividend (¥ -598 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 176 B) is Sales first term ratio (¥ -6 B) more , there is a possibility that the non-performing asset was increased.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 426 B) is Operating Cash Flow (¥ -363 B) is a minus, Sales (¥ 179 B) more , there is a possibility of holding the non-performing asset.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -214 B) & Operating Cash Flow (¥ -19 B) 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 (¥ -19 B) is a minus, Financial Cash Flow (¥ 149 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 (¥ -214 B) & Operating Cash Flow (¥ -19 B), Dividend (¥ -2 B) is paid.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -19 B) is minus, Investment Cash Flow (¥ 280 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 (¥ 249 B) is Net Income (¥ -214 B) Operating Cash Flow (¥ -19 B) is a minus, Sales (¥ 186 B) more , there is a possibility of holding the non-performing asset.

Related Information: Sapporo Hokuyo Holdings (Annual )

Statement Type
Annual : Sapporo Hokuyo Holdings
First quarter : Sapporo Hokuyo Holdings
Second quarter : Sapporo Hokuyo Holdings
Third quarter : Sapporo Hokuyo Holdings
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@Outline : Sapporo Hokuyo Holdings
@Statement : Sapporo Hokuyo Holdings
@Rating : Sapporo Hokuyo Holdings
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@Download : Sapporo Hokuyo Holdings
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Ticker Market Industry Month report Rating
@ Sapporo Hokuyo Holdings 8328 TSE 1st Banks 3 Annual CCC

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