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Credit Rating (Bankruptcy Risk): Techno Mathematical (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: Techno Mathematical (Annual ) (Non-Consolidated )

Special note

The change of Net income is going too far. The management situation is unstable.

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

Cash(¥ 2 B) is more than the total liabilities(¥ 115 M). It is a very steady fiscal base!

[Date: 2013-03-31]

*Financial Statement Risk was not found.

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

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -11 M) & Operating Cash Flow (¥ -104 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Management Risk (*Gross Income is decrease )
Gross Income (¥ 91 M) is first term Gross Income (¥ 103 M) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -104 M) is a minus, Financial Cash Flow (¥ 12 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 109 M) is Sales first term ratio (¥ 97 M) more , there is a possibility that the non-performing asset was increased.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -104 M) and Investment Cash Flow (¥ -1 B) is minus, so , there is a possibility of the overinvestment.

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

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -262 M) & Operating Cash Flow (¥ -298 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Management Risk (*Gross Income is decrease )
Gross Income (¥ 103 M) is first term Gross Income (¥ 124 M) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -298 M) is a minus, Financial Cash Flow (¥ 28 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 655 M) is first term (¥ 533 M) more, however Operating Cash Flow (¥ -298 M) is first term (¥ -286 M) less , there is a possibility that the financing has deteriorated very much.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -298 M) is minus, Investment Cash Flow (¥ 1 B) 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 (¥ 131 M) is Sales first term ratio (¥ 121 M) more , there is a possibility that the non-performing asset was increased.

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

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -398 M) & Operating Cash Flow (¥ -286 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Management Risk (*Sales is decrease )
Sales (¥ 533 M) is first term Sales (¥ 552 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 124 M) is first term Gross Income (¥ 254 M) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -286 M) is a minus, Financial Cash Flow (¥ 20 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -286 M) and Investment Cash Flow (¥ -2 B) is minus, so , there is a possibility of the overinvestment.

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

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -511 M) & Operating Cash Flow (¥ -86 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -86 M) is a minus, Financial Cash Flow (¥ 12 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -86 M) and Investment Cash Flow (¥ -93 M) is minus, so , there is a possibility of the overinvestment.