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Credit Rating Analysis: Sansei Landic (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): Sansei Landic (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2012-12-31  CCC  Credit is fragile, and depended on biz environs. ¥ 9 B
17.81%
¥ 436 M
-41.55%
¥ 233 M
-47.52%

Financial Timeline

Date  2012-12-31 
(Annual )
 2013-03-31 
(First quarter )
 2013-06-30 
(Second quarter )
 2013-09-30 
(Third quarter )
Credit Rating CCCCCCCCCBBB
Total Assets
¥ 7 B
¥ 7 B
¥ 6 B
¥ 7 B
Net Assets
¥ 3 B
¥ 3 B
¥ 3 B
¥ 3 B

Financial Statement Risk Analysis: Sansei Landic (Annual ) (Consolidated )

[Date: 2012-12-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -952 M) and Investment Cash Flow (¥ -15 M) is minus, Net Income (¥ 233 M) 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.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -952 M) is a minus, Other Current Assets (¥ 5 B) - more than 66% of Total Assets (¥ 7 B) is occupied , the possibility of holding the non-performing asset is very high.
Management Risk (*Net Income is decrease )
Net Income (¥ 233 M) is first term Net Income (¥ 444 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (2.46%) is first term Net Profit Margin (5.52%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -952 M) is a minus, Financial Cash Flow (¥ 692 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 (¥ 233 M) & Operating Cash Flow (¥ -952 M), Dividend (¥ -41 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Operating Cash Flow (¥ -952 M) is a minus, Interest-bearing Debt (¥ 2 B) is first term Interest-bearing Debt (¥ 1 B) more , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 9 B) is first term (¥ 8 B) more, however Operating Cash Flow (¥ -952 M) is first term (¥ 969 M) less , there is a possibility that the financing has deteriorated very much.
[Date: 2011-12-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -877 M) is a minus, Issuance of new shares (¥ 414 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 Risk (*Issuance of new shares)
Investment Cash Flow (¥ 126 M) is a plus, Issuance of new shares (¥ 414 M) 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
Under the situation of Net Income (¥ 444 M) & Operating Cash Flow (¥ 969 M) , Dividend (¥ -15 M) is paid.

Ticker Market Industry Month report Rating
@ Sansei Landic 3277 OSE JASDAQ Real Estate 12 Annual CCC

Related Company

@ The Gloval (Sales ¥ 24 B)
@ L'attrait (Sales ¥ 1 B)
@ New Real Property (Sales ¥ 2 B)
@ CENTRAL GENERAL DEVELOPMENT (Sales ¥ 15 B)
@ ハウスフリーダム (Sales ¥ 5 B)
@ SBI Life Living (Sales ¥ 5 B)
@ SHIN-NIHON TATEMONO (Sales ¥ 9 B)
@ URBAN LIFE (Sales ¥ 2 B)
@ ランド (Sales ¥ 7 B)
@ YOKO TOSHIKAIHATSU CO. (Sales ¥ 4 B)
@ 日本アセットマーケティング (Sales ¥ 131 M)
@ HARAKOSAN (Sales ¥ 1 B)
@ ウッドフレンズ (Sales ¥ 27 B)
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*Financial data might be different from the actual one. Please confirm the original, and read Caution.

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