Free equity investment tool of Japanese companies

Credit Rating (Bankruptcy Risk): Akinasista (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: Akinasista (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(¥ 144 M) is more than the total liabilities(¥ 116 M). It is a very steady fiscal base!

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

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -20 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.

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

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -80 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(¥ -58 M) & Operating Cash Flow (¥ -7 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 (¥ 684 M) , Sales (¥ 918 M) is less than 80%, and As compared with the first term of Net Income (¥ -103 M) , Net Income (¥ -58 M) is less than 10%, Operating Cash Flow (¥ -7 M) is compensated for Investment Cash Flow (¥ 9 M) etc. , there is a possibility that the financing is extremely severe.

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -234 M) & Operating Cash Flow (¥ -7 M) is a minus, Interest-bearing Debt (¥ 25 M) is first term Interest-bearing Debt (¥ 14 M) more , there is a possibility that the financing is very severe.

Management Risk (*Sales is decrease )
Sales (¥ 684 M) is first term Sales (¥ 918 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 570 M) is first term Gross Income (¥ 792 M) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -7 M) is a minus, Financial Cash Flow (¥ 11 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 (¥ -7 M) is minus, Investment Cash Flow (¥ 9 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 (¥ -68 M) is Sales first term ratio (¥ -234 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. (¥ -22 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(¥ -103 M) & Operating Cash Flow (¥ -113 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Stated Capital less
Stated Capital (¥ 100 M) is first term Stated Capital (¥ 350 M) less , there is a possibility that the management situation is very severe.

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -576 M) & Operating Cash Flow (¥ -113 M) is a minus, Interest-bearing Debt (¥ 14 M) is first term Interest-bearing Debt (-) more , there is a possibility that the financing is very severe.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Net Income (¥ -103 M) Operating Cash Flow (¥ -113 M) is a minus, Other Current Assets (¥ 128 M) - more than 66% of Total Assets (¥ 187 M) is occupied , the possibility of holding the non-performing asset is very high.

Management Risk (*Sales is decrease )
Sales (¥ 918 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 (¥ 792 M) is first term Gross Income (¥ 1 B) 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 (¥ -11 M) is Sales first term ratio (¥ -576 M) more , there is a possibility that the non-performing asset was increased.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -113 M) and Investment Cash Flow (¥ -3 M) is minus, so , there is a possibility of the overinvestment.

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

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -102 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(¥ -204 M) & Operating Cash Flow (¥ -416 K) is minus or 0, so , there is a possibility that the management situation is very severe.

Management Risk (*Net Income is decrease )
Net Income (¥ -204 M) is first term Net Income (¥ -132 M) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Risk (*Operating Cash Flow is minus or 0 ＆Net Income is decrease )
Net Income (¥ -204 M) is first term Net Income (¥ -132 M) less, however Operating Cash Flow (¥ -416 K) is compensated for Investment Cash Flow (¥ 107 M) etc. , there is a possibility that the financing is severe.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -416 K) is minus, Investment Cash Flow (¥ 107 M) is plus. Because the main occupation was dull, stock property may have been sold off.

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

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -132 M) & Operating Cash Flow (¥ -31 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -31 M) and Investment Cash Flow (¥ -137 M) is minus, so , there is a possibility of the overinvestment.