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Credit Rating Analysis: Kobe Electric Railway (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): Kobe Electric Railway (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 23 B
-1.99%
¥ 640 M
111.92%
¥ 578 M
123.01%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BCCCCCCBBB
Total Assets
¥ 99 B
¥ 99 B
¥ 97 B
¥ 97 B
Net Assets
¥ 11 B
¥ 11 B
¥ 11 B
¥ 11 B

Financial Statement Risk Analysis: Kobe Electric Railway (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -350 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 23 B) is first term Sales (¥ 23 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 21 B) is first term Gross Income (¥ 22 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 (¥ -2 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -1 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -2 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 23 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 (¥ -2 B) is first term Net Income (¥ 125 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-10.61%) is first term Net Profit Margin (0.50%) 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 (¥ -1 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 24 B) is first term Sales (¥ 25 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 125 M) is first term Net Income (¥ 170 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.50%) is first term Net Profit Margin (0.66%) 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 (¥ -1 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -745 M) is Sales first term ratio (¥ -1 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 (¥ 25 B) is first term Sales (¥ 26 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 170 M) is first term Net Income (¥ 643 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.66%) is first term Net Profit Margin (2.42%) less , there is a possibility that the profitability has deteriorated.
[Date: 2009-03-31]
*Financial Statement Risk was not found.

Related Information: Kobe Electric Railway (Annual )

Statement Type
Annual : Kobe Electric Railway
First quarter : Kobe Electric Railway
Second quarter : Kobe Electric Railway
Third quarter : Kobe Electric Railway
Analysis Menu
@Outline : Kobe Electric Railway
@Statement : Kobe Electric Railway
@Rating : Kobe Electric Railway
@Indicator : Kobe Electric Railway
@Download : Kobe Electric Railway
Industry Comparison Ranking
Railway - EDIUNET Industry Rankings
Railway - EDIUNET Credit Rating
Railway - EDIUNET Industry Avg
Comparison with a neighboring company
Hyogo - EDIUNET Prefectures
Hyogo神戸市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
11/15 西武ホールディングス BB 2013-09-30 (Q2)
11/15 伊豆箱根鉄道 A→BBB 2013-09-30 (Q2)
11/13 Tokyo Metro A→BBB 2013-09-30 (Q2)
11/12 Sanyo Electric Railwa.. A 2013-09-30 (Q2)
11/11 TOKYU BBB→A 2013-09-30 (Q2)
11/8 Kintetsu BBB 2013-09-30 (Q2)
11/8 秩父鉄道 BB→BBB 2013-09-30 (Q2)
11/7 Nagoya Railroad BBB 2013-09-30 (Q2)
11/7 Nishi-Nippon Railroad AA→AAA 2013-09-30 (Q2)
11/7 HIROSHIMA ELECTRIC RAIL.. A→B 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ Kobe Electric Railway 9046 TSE 1st Railway 3 Annual CCC

Related Company

@ 小湊鐵道 (Sales -)
@ Shimabara Railroad Co (Sales ¥ 535 M)
@ Kanto Railway (Sales ¥ 15 B)
@ Echigokotsu (Sales ¥ 24 B)
@ Toyohasi Railroad. (Sales ¥ 6 B)
@ 伊豆箱根鉄道 (Sales ¥ 12 B)
@ Hitachi Transport System (Sales ¥ 547 B)
@ Enshu Railway (Sales ¥ 165 B)
@ 富山地方鉄道 (Sales ¥ 11 B)
@ 土佐電氣鐵道 (Sales ¥ 4 B)
@ サンデン交通 (Sales ¥ 9 B)
@ HIROSHIMA ELECTRIC RAILWAY (Sales ¥ 41 B)
@ 京福電気鉄道 (Sales ¥ 11 B)
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