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Credit Rating (Bankruptcy Risk): フライトシステムコンサルティング (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: フライトシステムコンサルティング (Annual ) (Consolidated )

Special note

Net sales has dropped 4 consecutive terms. The business have high risk.

Net income is minus 4 consecutive terms. The business have very high risk.

The change of Operating cash flow is going too far. The management situation is unstable.

4 consecutive terms, Cumulative loss. The fiscal base is unstable.

Operating cash flow has dropped 4 consecutive terms. The business have very high risk.

[Date: 2012-03-31]  Danger : Warning : Caution : Good

Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -216 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -294 M) & Operating Cash Flow (¥ -367 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -458 M) & Operating Cash Flow (¥ -367 M) is a minus, Interest-bearing Debt (¥ 892 M) is first term Interest-bearing Debt (-) more , there is a possibility that the financing is very severe.

Management Risk (*Sales is decrease )
Sales (¥ 914 M) is first term Sales (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 706 M) is first term Gross Income (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-32.17％) is first term Net Profit Margin (-27.55％) less , there is a possibility that the profitability has deteriorated.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 253 M) is Sales first term ratio (¥ -458 M) more , there is a possibility that the non-performing asset was increased.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -367 M) and Investment Cash Flow (¥ -16 M) is minus, so , there is a possibility of the overinvestment.

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -799 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -378 M) & Operating Cash Flow (¥ -308 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Financing Risk (*Operating Cash Flow is minus or 0 ＆Net Income & Sales is sharp decrease )
As compared with the first term of Sales (¥ 1 B) , Sales (¥ 2 B) is less than 80%, and As compared with the first term of Net Income (¥ -492 M) , Net Income (¥ -378 M) is less than 10%, Operating Cash Flow (¥ -308 M) is compensated for Investment Cash Flow (¥ 72 M) etc. , there is a possibility that the financing is extremely severe.

Management Risk (*Sales is decrease )
Sales (¥ 1 B) is first term Sales (¥ 2 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 1 B) is first term Gross Income (¥ 2 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-27.55％) is first term Net Profit Margin (-19.61％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 72 M) is a plus, Issuance of new shares (¥ 903 M) is plus. Because it is thought that the circulating fund is gained by sale and new issue of stocks of stock property , there is a possibility that the financing is severe.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -308 M) is a minus, Financial Cash Flow (¥ 818 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -308 M) is minus, Investment Cash Flow (¥ 72 M) is plus. Because the main occupation was dull, stock property may have been sold off.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -473 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 (*Liabilities in excess of assets)
Net Assets (¥ -450 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -492 M) & Operating Cash Flow (¥ -136 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -332 M) is a minus, Issuance of new shares (¥ 400 K) is plus. Because a possibility of having appropriated the capital-increase fund for repayment of borrowed money is high , there is a possibility that the financing is extremely severe.

Management Risk (*Sales is decrease )
Sales (¥ 2 B) is first term Sales (¥ 3 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ -492 M) is first term Net Income (¥ -253 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-19.61％) is first term Net Profit Margin (-8.40％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Operating Cash Flow is minus or 0 ＆Sales & Net Income is decrease )
Sales (¥ 2 B) is first term Sales (¥ 3 B) less Net Income (¥ -492 M) is first term Net Income (¥ -253 M) less, however Operating Cash Flow (¥ -136 M) is compensated for Investment Cash Flow (¥ 29 M) etc. , there is a possibility that the financing is severe.

Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 29 M) is a plus, Issuance of new shares (¥ 400 K) is plus. Because it is thought that the circulating fund is gained by sale and new issue of stocks of stock property , there is a possibility that the financing is severe.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -136 M) is minus, Investment Cash Flow (¥ 29 M) is plus. Because the main occupation was dull, stock property may have been sold off.

Non-performing asset Risk
Net Income (¥ -492 M) Operating Cash Flow (¥ -136 M) is a minus, Other Current Assets (¥ 473 M) - more than 50% of Total Assets (¥ 908 M) 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 (¥ -360 M) is Sales first term ratio (¥ -509 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2009-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -305 M) 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 (¥ -253 M) is minus or 0, so , there is a possibility that the management situation is severe.

Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -253 M) is a minus, the cashflow of Operating Cash Flow (¥ 4 M) is smaller than Investment Cash Flow (¥ -16 M) , there is a possibility of the overinvestment.

Credit Rating (Bankruptcy Risk): フライトシステムコンサルティング (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: フライトシステムコンサルティング (Annual ) (Non-Consolidated )

Special note

Net income is minus 5 consecutive terms. The business have very high risk.

The change of Operating cash flow is going too far. The management situation is unstable.

5 consecutive terms, Cumulative loss. The fiscal base is unstable.

[Date: 2013-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -939 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -205 M) & Operating Cash Flow (¥ -125 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 92 M) is a plus, Issuance of new shares (¥ 530 M) is plus. Because it is thought that the circulating fund is gained by sale and new issue of stocks of stock property , there is a possibility that the financing is severe.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -125 M) is a minus, Financial Cash Flow (¥ 482 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -125 M) is minus, Investment Cash Flow (¥ 92 M) is plus. Because the main occupation was dull, stock property may have been sold off.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 92 M) is Sales first term ratio (¥ 54 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2012-03-31]  Danger : Warning : Caution : Good

Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -198 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -275 M) is minus or 0, so , there is a possibility that the management situation is severe.

Management Risk (*Gross Income is decrease )
Gross Income (¥ 728 M) is first term Gross Income (¥ 801 M) less , there is a possibility that the management situation has stagnated and deteriorated

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 104 M) is Sales first term ratio (¥ 67 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -722 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.

Management Risk (*Net Income & Sales is sharp decrease )
As compared with the first term of Sales (¥ 875 M) , Sales (¥ 1 B) is less than 80%, and As compared with the first term of Net Income (¥ -465 M) , Net Income (¥ -379 M) is less than 10%, , there is a possibility that the management situation has deteriorated very much.

Management Risk (*Sales is decrease )
Sales (¥ 875 M) is first term Sales (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 801 M) is first term Gross Income (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-43.31％) is first term Net Profit Margin (-35.33％) less , there is a possibility that the profitability has deteriorated.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -140 M) is Sales first term ratio (¥ -443 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-03-31]  Danger : Warning : Caution : Good

Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -450 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -465 M) is minus or 0, so , there is a possibility that the management situation is severe.

Management Risk (*Sales is decrease )
Sales (¥ 1 B) is first term Sales (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ -465 M) is first term Net Income (¥ -203 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-35.33％) is first term Net Profit Margin (-13.05％) less , there is a possibility that the profitability has deteriorated.

[Date: 2009-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -332 M) 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 (¥ -203 M) is minus or 0, so , there is a possibility that the management situation is severe.

Non-performing asset Risk
Net Income (¥ -203 M) is a minus, Other Current Assets (¥ 797 M) - more than 50% of Total Assets (¥ 1 B) is occupied , there is a possibility of holding the non-performing asset.