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Credit Rating (Bankruptcy Risk): PIPED BITS (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: PIPED BITS (Annual ) (Non-Consolidated )

Special note

Net sales has increased 4 consecutive terms. The performance is good.

Net Assets have increased 4consecutive terms. The fiscal base is getting better.

Cash(¥ 1 B) is more than the total liabilities(¥ 460 M). It is a very steady fiscal base!

[Date: 2013-02-28]

*Financial Statement Risk was not found.

[Date: 2012-02-29]  Danger : Warning : Caution : Good

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (7.77％) is first term Net Profit Margin (8.52％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 1 B) is first term (¥ 1 B) more, however Operating Cash Flow (¥ 85 M) is first term (¥ 165 M) less , there is a possibility that the financing has deteriorated very much.

[Date: 2011-02-28]  Danger : Warning : Caution : Good

Management Risk (*Net Income is decrease )
Net Income (¥ 113 M) is first term Net Income (¥ 146 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (8.52％) is first term Net Profit Margin (12.86％) less , there is a possibility that the profitability has deteriorated.

[Date: 2010-02-28]

*Financial Statement Risk was not found.