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Credit Rating Analysis: MATSUI SECURITIES (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): MATSUI SECURITIES (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2012-03-31  BBB  Credit is enough, but be decreased potential by biz environs. ¥ 17 B
-19.86%
¥ 7 B
-12.41%
¥ 4 B
-21.20%

Financial Timeline

Date  2011-06-30 
(First quarter )
 2011-09-30 
(Second quarter )
 2011-12-31 
(Third quarter )
 2012-03-31 
(Annual )
Credit Rating BCBBBB
Total Assets
¥ 702 B
¥ 727 B
¥ 425 B
¥ 421 B
Net Assets
¥ 81 B
¥ 85 B
¥ 75 B
¥ 76 B

Financial Statement Risk Analysis: MATSUI SECURITIES (Annual ) (Consolidated )

Special note
Net sales has dropped 4 consecutive terms. The business have high risk.
Net Assets have increased 4consecutive terms. The fiscal base is getting better.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 17 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 (¥ 4 B) is first term Net Income (¥ 5 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (24.08%) is first term Net Profit Margin (24.49%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -9 B) is a minus, Operating Cash Flow (¥ 10 B) is a plus,
Dividend
Under the situation of Net Income (¥ 4 B) & Operating Cash Flow (¥ 10 B) , Dividend (¥ -3 B) is paid.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -5 B) is a minus, Issuance of new shares (¥ 3 M) is plus. Because a possibility of having appropriated the capital-increase fund for repayment of borrowed money is high , there is a possibility that the financing is extremely severe.
Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 24 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 5 B) is first term Net Income (¥ 7 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (24.49%) is first term Net Profit Margin (31.47%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -5 B) is a minus, Operating Cash Flow (¥ 8 B) is a plus,
Dividend
Under the situation of Net Income (¥ 5 B) & Operating Cash Flow (¥ 8 B) , Dividend (¥ -3 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 (¥ -44 B) and Investment Cash Flow (¥ -3 B) is minus, Net Income (¥ 7 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.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -44 B) is a minus, Other Current Assets (¥ 442 B) - more than 66% of Total Assets (¥ 466 B) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 24 B) is first term Sales (¥ 26 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 (¥ 2 B) less , there is a possibility that the management situation has stagnated and deteriorated
Dividend Risk
Under the situation of Net Income (¥ 7 B) & Operating Cash Flow (¥ -44 B), Dividend (¥ -2 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 442 B) is Operating Cash Flow (¥ -44 B) is a minus, Sales (¥ 24 B) more , there is a possibility of holding the non-performing asset.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -74 B) is a minus, Issuance of new shares (¥ 3 M) is plus. Because a possibility of having appropriated the capital-increase fund for repayment of borrowed money is high , there is a possibility that the financing is extremely severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -74 B) is a minus, Operating Cash Flow (¥ 102 B) is a plus,
Dividend
Under the situation of Net Income (¥ 6 B) & Operating Cash Flow (¥ 102 B) , Dividend (¥ -9 B) is paid.

Related Information: MATSUI SECURITIES (Annual )

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

Date Company Credit Rating Date
11/14 エース証券 -→BBB 2013-09-30 (Q2)
11/14 Dreamvisor Holdings BB 2013-09-30 (Q2)
11/13 STAR HOLDINGS C→BB 2013-09-30 (Q2)
11/5 Traders Holdings C→CC 2013-09-30 (Q2)
10/31 Sawada Holdings A 2013-09-30 (Q2)
10/30 OKASAN SECURITIES GROUP C→BB 2013-09-30 (Q2)
10/30 極東証券 BBB 2013-09-30 (Q2)
10/30 TAKAGI SECURITIES B→BB 2013-09-30 (Q2)
10/30 Maruhachi Securities A→BB 2013-09-30 (Q2)
10/30 Astmax - 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ MATSUI SECURITIES 8628 TSE 1st Securities 3 Annual BBB

Related Company

@ Monex Group (Sales ¥ 32 B)
@ HIMAWARI HOLDINGS (Sales ¥ 1 B)
@ 極東証券 (Sales ¥ 12 B)
@ Sawada Holdings (Sales ¥ 28 B)
@ OKASAN SECURITIES GROUP (Sales ¥ 78 B)
@ IwaiCosmo Holdings (Sales ¥ 17 B)
@ Marusan Securities (Sales ¥ 17 B)
@ Mizuho Securities (Sales ¥ 228 B)
@ TOYO SECURITIES (Sales ¥ 12 B)
@ AIZAWA SECURITIES (Sales ¥ 11 B)
@ TAKAGI SECURITIES (Sales ¥ 8 B)
@ MATSUI SECURITIES (Sales ¥ 17 B)
@ SBI証券 (Sales ¥ 39 B)
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