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Credit Rating Analysis: JAPAN SECURITIES FINANCE (Annual )

The details of credit rating (bankruptcy risk) can be checked. A credit rating in nine stages (AAA-C).

【Analysis Menu】 @Outline @Statement @Rating @Indicator @Download

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Credit Rating (Bankruptcy Risk): JAPAN SECURITIES FINANCE (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. ¥ 17 B
-12.62%
¥ 2 B
7.12%
¥ 1 B
128.11%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBBBABB
Total Assets
¥ 3.8 T
¥ 4.1 T
¥ 4.9 T
¥ 3.9 T
Net Assets
¥ 115 B
¥ 118 B
¥ 116 B
¥ 133 B

Financial Statement Risk Analysis: JAPAN SECURITIES FINANCE (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 17 B) is first term Sales (¥ 20 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 8 B) is first term Gross Income (¥ 9 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 106 B) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 106 B) , Dividend (¥ -1 B) is paid.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -34 B) is a minus, Other Current Assets (¥ 3.9 T) - more than 66% of Total Assets (¥ 4.9 T) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 20 B) is first term Sales (¥ 22 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 779 M) is first term Net Income (¥ 3 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (3.85%) is first term Net Profit Margin (15.28%) 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 (¥ 20 B) is first term Sales (¥ 22 B) less Net Income (¥ 779 M) is first term Net Income (¥ 3 B) less, however Operating Cash Flow (¥ -34 B) is compensated for Investment Cash Flow (¥ 1 B) etc. , there is a possibility that the financing is severe.
Dividend Risk
Under the situation of Net Income (¥ 779 M) & Operating Cash Flow (¥ -34 B), Dividend (¥ -1 B) is paid.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -34 B) is minus, Investment Cash Flow (¥ 1 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 (¥ 3.9 T) is Operating Cash Flow (¥ -34 B) is a minus, Sales (¥ 20 B) more , there is a possibility of holding the non-performing asset.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 27 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 3 B) is first term Net Income (¥ 3 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -352 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 28 B) is a plus,
Dividend
Under the situation of Net Income (¥ 3 B) & Operating Cash Flow (¥ 28 B) , Dividend (¥ -1 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 816 B) is Sales first term ratio (¥ -5 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 (¥ 27 B) is first term Sales (¥ 44 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 13 B) is first term Gross Income (¥ 37 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -806 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 17 B) is a plus,
Dividend
Under the situation of Net Income (¥ 3 B) & Operating Cash Flow (¥ 17 B) , Dividend (¥ -1 B) is paid.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Net Income (¥ -7 B) is a minus, Other Current Assets (¥ 4.8 T) - more than 66% of Total Assets (¥ 5.2 T) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -7 B) 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 (¥ -739 M) & Financial Cash Flow (¥ -7 B) is a minus, Operating Cash Flow (¥ 6 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -7 B) & Operating Cash Flow (¥ 6 B), Dividend (¥ -2 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 4.8 T) is Net Income (¥ -7 B) is a minus, Sales (¥ 44 B) more , there is a possibility of holding the non-performing asset.

Related Information: JAPAN SECURITIES FINANCE (Annual )

Statement Type
Annual : JAPAN SECURITIES FINANCE
First quarter : JAPAN SECURITIES FINANCE
Second quarter : JAPAN SECURITIES FINANCE
Third quarter : JAPAN SECURITIES FINANCE
Analysis Menu
@Outline : JAPAN SECURITIES FINANCE
@Statement : JAPAN SECURITIES FINANCE
@Rating : JAPAN SECURITIES FINANCE
@Indicator : JAPAN SECURITIES FINANCE
@Download : JAPAN SECURITIES FINANCE
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Related company's newest statement

Date Company Credit Rating Date
1/27 The Awa Bank BBB→A 2013-12-31 (Q3)
12/26 MOA Fund. CC→BBB 2013-09-30
12/2 The Tajima Bank A→CC 2013-09-30 (Q2)
11/29 THE SAGA KYOUEI BANK BBB 2013-09-30 (Q2)
11/27 富山第一銀行 A→BB 2013-09-30 (Q2)
11/26 THE SHIZUOKACHUO BANK A 2013-09-30 (Q2)
11/25 THE SAIKYO BANK CCC→BBB 2013-09-30 (Q2)
11/18 THE FUKUHO BANK CCC→BBB 2013-09-30 (Q2)
11/18 The Bank of Nagasaki CC→B 2013-09-30 (Q2)
11/15 Mitsubishi UFJ Financia.. BBB 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ JAPAN SECURITIES FINANCE 8511 TSE 1st Banks 3 Annual BBB

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