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Credit Rating Analysis: スペースシャワーネットワーク (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): スペースシャワーネットワーク (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  AA  Credit is very high, slightly affected by biz environs. ¥ 11 B
5.77%
¥ 341 M
711.90%
¥ 166 M
110.12%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBAACCCCCC
Total Assets
¥ 6 B
¥ 6 B
¥ 6 B
¥ 6 B
Net Assets
¥ 3 B
¥ 3 B
¥ 3 B
¥ 3 B

Financial Statement Risk Analysis: スペースシャワーネットワーク (Annual ) (Consolidated )

Special note
Cash(¥ 3 B) is more than the total liabilities(¥ 2 B). It is a very steady fiscal base!
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -18 M) & Financial Cash Flow (¥ -177 M) is a minus, Operating Cash Flow (¥ 571 M) is a plus,
Dividend
Under the situation of Net Income (¥ 166 M) & Operating Cash Flow (¥ 571 M) , Dividend (¥ -93 M) is paid.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 11 B) is first term Sales (¥ 11 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 (¥ 8 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -74 M) & Financial Cash Flow (¥ -182 M) is a minus, Operating Cash Flow (¥ 121 M) is a plus,
Dividend
Under the situation of Net Income (¥ 79 M) & Operating Cash Flow (¥ 121 M) , Dividend (¥ -93 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 198 M) is Sales first term ratio (¥ -413 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 11 B) is first term Sales (¥ 12 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
Dividend
Under the situation of Net Income (¥ 52 M) & Operating Cash Flow (¥ 755 M) , Dividend (¥ -93 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -263 M) & Operating Cash Flow (¥ -239 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 12 B) is first term Sales (¥ 13 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -263 M) is first term Net Income (¥ 206 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-2.11%) is first term Net Profit Margin (1.49%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -263 M) & Operating Cash Flow (¥ -239 M), Dividend (¥ -133 M) is paid.
Non-performing asset Risk
Net Income (¥ -263 M) Operating Cash Flow (¥ -239 M) is a minus, Other Current Assets (¥ 3 B) - more than 50% of Total Assets (¥ 6 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 (¥ -111 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -239 M) and Investment Cash Flow (¥ -138 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 206 M) & Operating Cash Flow (¥ 981 M) , Dividend (¥ -133 M) is paid.

Related Information: スペースシャワーネットワーク (Annual )

Statement Type
Annual : スペースシャワーネットワーク
First quarter : スペースシャワーネットワーク
Second quarter : スペースシャワーネットワーク
Third quarter : スペースシャワーネットワーク
Analysis Menu
@Outline : スペースシャワーネットワーク
@Statement : スペースシャワーネットワーク
@Rating : スペースシャワーネットワーク
@Indicator : スペースシャワーネットワーク
@Download : スペースシャワーネットワーク
Industry Comparison Ranking
Communication - EDIUNET Industry Rankings
Communication - EDIUNET Credit Rating
Communication - EDIUNET Industry Avg
Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo港区 - EDIUNET Prefectures

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
@ スペースシャワーネットワーク 4838 OSE JASDAQ Communication 3 Annual AA

Related Company

@ 長崎放送 (Sales ¥ 8 B)
@ 日本通信 (Sales ¥ 3 B)
@ FORVAL TELECOM (Sales ¥ 11 B)
@ RKB MAINICHI BROADCASTING (Sales ¥ 24 B)
@ ArtSpark Holdings (Sales ¥ 2 B)
@ 信越放送 (Sales ¥ 7 B)
@ NIFTY (Sales ¥ 79 B)
@ スペースシャワーネットワーク (Sales ¥ 11 B)
@ BROADCASTING SYSTEM OF NIIGATA (Sales ¥ 21 B)
@ Television Nshinippon (Sales ¥ 18 B)
@ ワイズマン (Sales ¥ 7 B)
@ 北陸放送 (Sales ¥ 4 B)
@ アイビーシー岩手放送 (Sales ¥ 4 B)
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