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Credit Rating Analysis: BROADCASTING SYSTEM OF NIIGATA (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): BROADCASTING SYSTEM OF NIIGATA (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. ¥ 21 B
5.87%
¥ 635 M
77.37%
¥ 268 M
570.00%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCBBBBBBB
Total Assets
¥ 20 B
¥ 21 B
¥ 19 B
¥ 20 B
Net Assets
¥ 12 B
¥ 13 B
¥ 13 B
¥ 13 B

Financial Statement Risk Analysis: BROADCASTING SYSTEM OF NIIGATA (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -600 M) & Financial Cash Flow (¥ -424 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 268 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -59 M) is paid.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 20 B) is first term Sales (¥ 20 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 40 M) is first term Net Income (¥ 169 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.20%) is first term Net Profit Margin (0.83%) 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 (¥ -176 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 40 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -52 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 213 M) is Sales first term ratio (¥ -230 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -626 M) & Operating Cash Flow (¥ -805 M) is a minus, Interest-bearing Debt (¥ 2 B) is first term Interest-bearing Debt (¥ 1 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 (¥ -805 M) and Investment Cash Flow (¥ -136 M) is minus, Net Income (¥ 169 M) 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 (¥ 20 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 (¥ 14 B) is first term Gross Income (¥ 15 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -805 M) is a minus, Financial Cash Flow (¥ 370 M) 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 (¥ 169 M) & Operating Cash Flow (¥ -805 M), Dividend (¥ -44 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -83 M) is Sales first term ratio (¥ -626 M) 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 (¥ 20 B) is first term Sales (¥ 21 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 82 M) is first term Net Income (¥ 137 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.40%) is first term Net Profit Margin (0.64%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -720 M) & Financial Cash Flow (¥ -506 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 82 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -44 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 195 M) is Sales first term ratio (¥ -420 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -440 M) & Financial Cash Flow (¥ -374 M) is a minus, Operating Cash Flow (¥ 874 M) is a plus,
Dividend
Under the situation of Net Income (¥ 137 M) & Operating Cash Flow (¥ 874 M) , Dividend (¥ -52 M) is paid.

Related Information: BROADCASTING SYSTEM OF NIIGATA (Annual )

Statement Type
Annual : BROADCASTING SYSTEM OF NIIGATA
First quarter : BROADCASTING SYSTEM OF NIIGATA
Second quarter : BROADCASTING SYSTEM OF NIIGATA
Third quarter : BROADCASTING SYSTEM OF NIIGATA
Analysis Menu
@Outline : BROADCASTING SYSTEM OF NIIGATA
@Statement : BROADCASTING SYSTEM OF NIIGATA
@Rating : BROADCASTING SYSTEM OF NIIGATA
@Indicator : BROADCASTING SYSTEM OF NIIGATA
@Download : BROADCASTING SYSTEM OF NIIGATA
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Related company's newest statement

Date Company Credit Rating Date
1/10 USEN CCC→B 2013-11-30 (Q1)
12/16 KEIOZU HOLDINGS BBB 2013-10-31
11/13 BROADCASTING SYSTEM OF .. CCC→BB 2013-09-30 (Q2)
11/12 FORVAL TELECOM BB→A 2013-09-30 (Q2)
11/12 CHUBU-NIPPON BROADCASTING A→BBB 2013-09-30 (Q2)
11/11 ワイズマン CC 2013-09-30 (Q2)
11/11 RKB MAINICHI BROADCASTING A→BBB 2013-09-30 (Q2)
11/8 TV TOKYO Holdings A 2013-09-30 (Q2)
11/8 ASAHI Net -→AA 2013-09-30 (Q2)
11/7 東京放送ホールディングス CCC→B 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ BROADCASTING SYSTEM OF NIIGATA 9408 OSE JASDAQ Communication 3 Annual BBB

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