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Credit Rating Analysis: Ina Research (Annual )

The details of credit rating (bankruptcy risk) can be checked. A credit rating in nine stages (AAA-C).

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Credit Rating (Bankruptcy Risk): Ina Research (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  B  Credit is not enough, easily undermined by biz environs. ¥ 2 B
1.08%
¥ -19 M
61.22%
¥ -6 M
94.54%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCBCCCC
Total Assets
¥ 4 B
¥ 4 B
¥ 3 B
¥ 3 B
Net Assets
¥ 1 B
¥ 1 B
¥ 1 B
¥ 1 B

Financial Statement Risk Analysis: Ina Research (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -169 M) is a minus, Issuance of new shares (¥ 300 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 (*Net Income is minus or 0 )
Net Income (¥ -6 M) is minus or 0, so , there is a possibility that the management situation is severe.
Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 132 M) is a plus, Issuance of new shares (¥ 300 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.
Dividend Risk
Under the situation of Net Income (¥ -6 M) & Operating Cash Flow (¥ 12 M), Dividend (¥ -23 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 2 B) is first term (¥ 2 B) more, however Operating Cash Flow (¥ 12 M) is first term (¥ 550 M) less , there is a possibility that the financing has deteriorated very much.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Sales is sharp decrease )
As compared with the first term of Sales (¥ 2 B) , Sales (¥ 3 B) is less than 80%, and As compared with the first term of Net Income (¥ 21 M) , Net Income (¥ -110 M) is less than 10%, , there is a possibility that the management situation has deteriorated very much.
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 (¥ -110 M) is first term Net Income (¥ 21 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-3.85%) is first term Net Profit Margin (0.53%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -40 M) & Financial Cash Flow (¥ -583 M) is a minus, Operating Cash Flow (¥ 550 M) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -110 M) & Operating Cash Flow (¥ 550 M), Dividend (¥ -20 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -308 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 21 M) is first term Net Income (¥ 66 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.53%) is first term Net Profit Margin (1.77%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -255 M) & Financial Cash Flow (¥ -40 M) is a minus, Operating Cash Flow (¥ 343 M) is a plus,
Dividend
Under the situation of Net Income (¥ 21 M) & Operating Cash Flow (¥ 343 M) , Dividend (¥ -14 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 66 M) is first term Net Income (¥ 125 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (1.77%) is first term Net Profit Margin (3.53%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 66 M) & Operating Cash Flow (¥ 100 M) , Dividend (¥ -47 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 3 B) is first term (¥ 3 B) more, however Operating Cash Flow (¥ 100 M) is first term (¥ 268 M) less , there is a possibility that the financing has deteriorated very much.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 125 M) & Operating Cash Flow (¥ 268 M) , Dividend (¥ -26 M) is paid.

Ticker Market Industry Month report Rating
@ Ina Research 2176 OSE JASDAQ Other Services 3 Annual B

Related Company

@ JAPAN THIRD PARTY (Sales ¥ 5 B)
@ OncoTherapy Science (Sales ¥ 3 B)
@ Nippon RAD (Sales ¥ 3 B)
@ INTELLIGENT WAVE (Sales ¥ 5 B)
@ KYOSHIN. (Sales ¥ 9 B)
@ NIHONWASOU HOLDINGS (Sales ¥ 5 B)
@ Ina Research (Sales ¥ 2 B)
@ RUDEN HOLDINGS (Sales ¥ 2 B)
@ NEPRO JAPAN (Sales ¥ 17 B)
@ GaiaX (Sales ¥ 3 B)
@ OKWave (Sales ¥ 2 B)
@ MEDIASEEK (Sales ¥ 1 B)
@ e-Seikatsu (Sales ¥ 1 B)
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