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Credit Rating (Bankruptcy Risk): アルトナー (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: アルトナー (Annual ) (Non-Consolidated )

Special note

Operating cash flow, net sales and net income has increased 4 consecutive terms. The performance is very good.

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

Cash(¥ 850 M) is more than the total liabilities(¥ 579 M). It is a very steady fiscal base!

[Date: 2013-01-31]  Danger : Warning : Caution : Good

Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -199 M) is a minus, Issuance of new shares (¥ 2 M) 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.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -3 M) & Financial Cash Flow (¥ -199 M) is a minus, Operating Cash Flow (¥ 339 M) is a plus,

Dividend
Under the situation of Net Income (¥ 286 M) & Operating Cash Flow (¥ 339 M) , Dividend (¥ -53 M) is paid.

[Date: 2012-01-31]  Danger : Warning : Caution : Good

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -4 M) & Financial Cash Flow (¥ -175 M) is a minus, Operating Cash Flow (¥ 319 M) is a plus,

Dividend
Under the situation of Net Income (¥ 196 M) & Operating Cash Flow (¥ 319 M) , Dividend (¥ -26 M) is paid.

[Date: 2011-01-31]

*Financial Statement Risk was not found.

[Date: 2010-01-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -525 M) & Operating Cash Flow (¥ -525 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 (¥ -525 M) is a minus, Financial Cash Flow (¥ 374 M) 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 (¥ -525 M) & Operating Cash Flow (¥ -525 M), Dividend (¥ -70 M) is paid.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -525 M) is minus, Investment Cash Flow (¥ 76 M) is plus. Because the main occupation was dull, stock property may have been sold off.