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Credit Rating Analysis: ANABUKI KOSAN (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): ANABUKI KOSAN (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-06-30  BBB  Credit is enough, but be decreased potential by biz environs. ¥ 66 B
21.30%
¥ 4 B
70.80%
¥ 2 B
100.96%

Financial Timeline

Date  2012-12-31 
(Second quarter )
 2013-03-31 
(Third quarter )
 2013-06-30 
(Annual )
 2013-09-30 
(First quarter )
Credit Rating BBBBBBBB
Total Assets
¥ 52 B
¥ 55 B
¥ 48 B
¥ 50 B
Net Assets
¥ 10 B
¥ 11 B
¥ 11 B
¥ 12 B

Financial Statement Risk Analysis: ANABUKI KOSAN (Annual ) (Consolidated )

Special note
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-06-30]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -766 M) & Financial Cash Flow (¥ -3 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,
Dividend
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -213 M) is paid.
[Date: 2012-06-30]  Danger : Warning : Caution : Good
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -1 B) & Operating Cash Flow (¥ -2 B) is a minus, Interest-bearing Debt (¥ 22 B) is first term Interest-bearing Debt (¥ 20 B) more , there is a possibility that the financing is very severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -2 B) and Investment Cash Flow (¥ -1 B) is minus, Net Income (¥ 1 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 (¥ 54 B) is first term Sales (¥ 56 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 41 B) is first term Gross Income (¥ 43 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -2 B) is a minus, Financial Cash Flow (¥ 2 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 (¥ 1 B) & Operating Cash Flow (¥ -2 B), Dividend (¥ -186 M) is paid.
Non-performing asset Risk
Operating Cash Flow (¥ -2 B) is a minus, Other Current Assets (¥ 27 B) - more than 50% of Total Assets (¥ 45 B) is occupied , there is a possibility of holding the non-performing asset.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 5 B) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-06-30]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 56 B) is first term Sales (¥ 65 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 43 B) is first term Gross Income (¥ 54 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -668 M) & Financial Cash Flow (¥ -4 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,
Dividend
Under the situation of Net Income (¥ 835 M) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -106 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -6 B) is Sales first term ratio (¥ -9 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-06-30]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 65 B) is first term Sales (¥ 66 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 660 M) is first term Net Income (¥ 897 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (1.00%) is first term Net Profit Margin (1.34%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -384 M) & Financial Cash Flow (¥ -5 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Dividend
Under the situation of Net Income (¥ 660 M) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -134 M) is paid.
[Date: 2009-06-30]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 897 M) & Operating Cash Flow (¥ 11 B) , Dividend (¥ -278 M) is paid.

Ticker Market Industry Month report Rating
@ ANABUKI KOSAN 8928 TSE 1st Real Estate 6 Annual BBB

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