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Credit Rating Analysis: Kyushu Electric Power Company,Incoporated (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): Kyushu Electric Power Company,Incoporated (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CC  Credit is very vulnerable. ¥ 1.5 T
2.50%
¥ -331 B
-55.10%
¥ -332 B
-99.81%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCCCCC
Total Assets
¥ 4.3 T
¥ 4.5 T
¥ 4.4 T
¥ 4.4 T
Net Assets
¥ 646 B
¥ 557 B
¥ 545 B
¥ 552 B

Financial Statement Risk Analysis: Kyushu Electric Power Company,Incoporated (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -332 B) & Operating Cash Flow (¥ -135 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Net Income is decrease )
Net Income (¥ -332 B) is first term Net Income (¥ -166 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-21.51%) is first term Net Profit Margin (-11.03%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -135 B) is a minus, Financial Cash Flow (¥ 412 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 (¥ -332 B) & Operating Cash Flow (¥ -135 B), Dividend (¥ -9 B) is paid.
Financing Risk (*Interest-bearing Debt more)
Operating Cash Flow (¥ -135 B) is a minus, Interest-bearing Debt (¥ 2.6 T) is first term Interest-bearing Debt (¥ 2.2 T) more , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 1.5 T) is first term (¥ 1.5 T) more, however Operating Cash Flow (¥ -135 B) is first term (¥ 16 B) less , there is a possibility that the financing has deteriorated very much.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -135 B) and Investment Cash Flow (¥ -176 B) is minus, so , there is a possibility of the overinvestment.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -166 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Net Income is decrease )
Net Income (¥ -166 B) is first term Net Income (¥ 28 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-11.03%) is first term Net Profit Margin (1.93%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -166 B) & Operating Cash Flow (¥ 16 B), Dividend (¥ -28 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 1.5 T) is first term (¥ 1.4 T) more, however Operating Cash Flow (¥ 16 B) is first term (¥ 301 B) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 151 B) is Sales first term ratio (¥ 22 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -166 B) is a minus, the cashflow of Operating Cash Flow (¥ 16 B) is smaller than Investment Cash Flow (¥ -228 B) , there is a possibility of the overinvestment.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 28 B) is first term Net Income (¥ 41 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (1.93%) is first term Net Profit Margin (2.89%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 28 B) & Operating Cash Flow (¥ 301 B) , Dividend (¥ -28 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 1.4 T) is first term (¥ 1.4 T) more, however Operating Cash Flow (¥ 301 B) is first term (¥ 351 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 1.4 T) is first term Sales (¥ 1.5 T) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 1.3 T) is first term Gross Income (¥ 1.4 T) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -235 B) & Financial Cash Flow (¥ -135 B) is a minus, Operating Cash Flow (¥ 351 B) is a plus,
Dividend
Under the situation of Net Income (¥ 41 B) & Operating Cash Flow (¥ 351 B) , Dividend (¥ -28 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -28 B) is Sales first term ratio (¥ -79 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 33 B) & Operating Cash Flow (¥ 247 B) , Dividend (¥ -28 B) is paid.

Related Information: Kyushu Electric Power Company,Incoporated (Annual )

Statement Type
Annual : Kyushu Electric Power Company,Incoporated
First quarter : Kyushu Electric Power Company,Incoporated
Second quarter : Kyushu Electric Power Company,Incoporated
Third quarter : Kyushu Electric Power Company,Incoporated
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Industry Comparison Ranking
Electric Power - EDIUNET Industry Rankings
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Fukuoka - EDIUNET Prefectures
Fukuoka福岡市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
11/1 東京電力 B→BB 2013-09-30 (Q2)
11/1 Electric Power Developm.. A 2013-09-30 (Q2)
10/31 Tohoku Electric Power CC→CCC 2013-09-30 (Q2)
10/31 Kyushu Electric Power C.. C→CC 2013-09-30 (Q2)
10/31 The Chugoku Electric Po.. CCC→BB 2013-09-30 (Q2)
10/31 Shikoku Electric Power CCC→B 2013-09-30 (Q2)
10/31 沖縄電力 A 2013-09-30 (Q2)
10/30 関西電力 CC→BBB 2013-09-30 (Q2)
10/30 Hokkaido Electric Power C→CCC 2013-09-30 (Q2)
10/30 Hokuriku Electric Power A→BBB 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ Kyushu Electric Power Company,Incoporated 9508 TSE 1st Electric Power 3 Annual CC

Related Company

@ The Japan Atomic Power (Sales ¥ 146 B)
@ Shikoku Electric Power (Sales ¥ 561 B)
@ Hokkaido Electric Power (Sales ¥ 634 B)
@ The Chugoku Electric Power (Sales ¥ 1.1 T)
@ 関西電力 (Sales ¥ 2.8 T)
@ Tohoku Electric Power (Sales ¥ 1.7 T)
@ Hokuriku Electric Power (Sales ¥ 492 B)
@ 沖縄電力 (Sales ¥ 166 B)
@ Chubu Electric Power (Sales ¥ 2.6 T)
@ Kyushu Electric Power Company,Incoporated (Sales ¥ 1.5 T)
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