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Credit Rating Analysis: ASAHI HOLDINGS (Annual )

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

【Analysis Menu】 @Outline @Statement @Rating @Indicator @Download

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Credit Rating (Bankruptcy Risk): ASAHI HOLDINGS (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 96 B
-36.21%
¥ 7 B
-29.97%
¥ 4 B
-23.75%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating ACCCBBBBB
Total Assets
¥ 59 B
¥ 62 B
¥ 60 B
¥ 60 B
Net Assets
¥ 39 B
¥ 42 B
¥ 44 B
¥ 44 B

Financial Statement Risk Analysis: ASAHI HOLDINGS (Annual ) (Consolidated )

Special note
Net Assets have increased 4consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -54 B) & Operating Cash Flow (¥ -419 M) is a minus, Interest-bearing Debt (¥ 11 B) is first term Interest-bearing Debt (¥ 7 B) more , there is a possibility that the financing is very severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -419 M) and Investment Cash Flow (¥ -2 B) is minus, Net Income (¥ 4 B) is plus. Because it is unnatural that profits have come out in this situation, the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 96 B) is first term Sales (¥ 151 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 4 B) is first term Net Income (¥ 5 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -419 M) is a minus, Financial Cash Flow (¥ 2 B) 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 (¥ 4 B) & Operating Cash Flow (¥ -419 M), Dividend (¥ -1 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 3 B) is Sales first term ratio (¥ -54 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 5 B) is first term Net Income (¥ 6 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (3.92%) is first term Net Profit Margin (5.56%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -2 B) & Financial Cash Flow (¥ -7 B) is a minus, Operating Cash Flow (¥ 11 B) is a plus,
Dividend
Under the situation of Net Income (¥ 5 B) & Operating Cash Flow (¥ 11 B) , Dividend (¥ -1 B) is paid.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -3 B) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,
Dividend
Under the situation of Net Income (¥ 6 B) & Operating Cash Flow (¥ 5 B) , Dividend (¥ -1 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 110 B) is first term (¥ 82 B) more, however Operating Cash Flow (¥ 5 B) is first term (¥ 6 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -3 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 6 B) is a plus,
Dividend
Under the situation of Net Income (¥ 4 B) & Operating Cash Flow (¥ 6 B) , Dividend (¥ -1 B) is paid.

Related Information: ASAHI HOLDINGS (Annual )

Statement Type
Annual : ASAHI HOLDINGS
First quarter : ASAHI HOLDINGS
Second quarter : ASAHI HOLDINGS
Third quarter : ASAHI HOLDINGS
Analysis Menu
@Outline : ASAHI HOLDINGS
@Statement : ASAHI HOLDINGS
@Rating : ASAHI HOLDINGS
@Indicator : ASAHI HOLDINGS
@Download : ASAHI HOLDINGS
Industry Comparison Ranking
Nonferrous Metals Products - EDIUNET Industry Rankings
Nonferrous Metals Products - EDIUNET Credit Rating
Nonferrous Metals Products - EDIUNET Industry Avg
Comparison with a neighboring company
Hyogo - EDIUNET Prefectures
Hyogo神戸市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/15 クロタニコーポレーション BBB→B 2013-11-30 (Q1)
1/15 DAIKEN A→BBB 2013-11-30 (Q3)
1/9 NIHON ELECTRIC WIRE & C.. BB 2013-11-30 (Q3)
11/15 S Science C→BB 2013-09-30 (Q2)
11/14 NIPPON SHINDO B 2013-09-30 (Q2)
11/13 Tori Holdings CC→BB 2013-09-30 (Q2)
11/12 CKサンエツ BB→BBB 2013-09-30 (Q2)
11/11 DAIKI ALUMINIUM INDUSTRY C 2013-09-30 (Q2)
11/11 アーレスティ B→BBB 2013-09-30 (Q2)
11/11 Asaka Riken A→BBB 2013-09-30

Ticker Market Industry Month report Rating
@ ASAHI HOLDINGS 5857 TSE 1st Nonferrous Metals Products 3 Annual CCC

Related Company

@ TOHO TITANIUM (Sales ¥ 40 B)
@ CKサンエツ (Sales ¥ 48 B)
@ DAIKI ALUMINIUM INDUSTRY (Sales ¥ 105 B)
@ HIRAKAWA HEWTECH (Sales ¥ 19 B)
@ UACJ (Sales ¥ 183 B)
@ 三ッ星 (Sales ¥ 8 B)
@ Nippon Light Metal Holdings (Sales ¥ 403 B)
@ TATSUTA ELECTRIC WIRE AND CABLE (Sales ¥ 46 B)
@ SWCC Showa Holdings (Sales ¥ 169 B)
@ Asaka Riken (Sales ¥ 9 B)
@ アーレスティ (Sales ¥ 105 B)
@ MORY INDUSTRIES (Sales ¥ 37 B)
@ NIPPON SHINDO (Sales ¥ 14 B)
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