LOOK (Annual ): Credit Rating Analysis

Credit Rating Analysis: LOOK (Annual )

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

Date	Credit Rating	Comment
2012-12-31	AA	Credit is very high, slightly affected by biz environs.

Date	2012-12-31 (Annual )	2013-03-31 (First quarter )	2013-06-30 (Second quarter )	2013-09-30 (Third quarter )
Credit Rating	AA	BB	BB	BB
Total Assets	¥ 24 B	¥ 26 B	¥ 26 B	¥ 27 B
Net Assets	¥ 15 B	¥ 16 B	¥ 16 B	¥ 17 B

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

[Date: 2012-12-31] Danger : Warning : Caution : Good: Dividend
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -85 M) is paid.

[Date: 2011-12-31] Danger : Warning : Caution : Good: Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -792 M) & Financial Cash Flow (¥ -15 M) is a minus, Operating Cash Flow (¥ 678 M) is a plus,

[Date: 2010-12-31] Danger : Warning : Caution : Good: Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -423 M) and Investment Cash Flow (¥ -1 B) is minus, Net Income (¥ 43 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.; Management Risk (*Gross Income is decrease )
Gross Income (¥ 16 B) is first term Gross Income (¥ 17 B) less , there is a possibility that the management situation has stagnated and deteriorated; Non-performing asset Risk
Operating Cash Flow (¥ -423 M) is a minus, Other Current Assets (¥ 9 B) - more than 50% of Total Assets (¥ 18 B) is occupied , there is a possibility of holding the non-performing asset.

[Date: 2009-12-31] Danger : Warning : Caution : Good: Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -317 M) & Operating Cash Flow (¥ -766 M) is minus or 0, so , there is a possibility that the management situation is very severe.; Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -766 M) is minus, Investment Cash Flow (¥ 2 B) is plus. Because the main occupation was dull, stock property may have been sold off.

Date	Credit Rating	Comment
2012-12-31	BBB	Credit is enough, but be decreased potential by biz environs.

Date	- (First quarter )	- (Second quarter )	- (Third quarter )	2012-12-31 (Annual )
Credit Rating	-	-	-	BBB
Total Assets	-	-	-	¥ 16 B
Net Assets	-	-	-	¥ 10 B

Statement Type: Annual : LOOK; First quarter : LOOK; Second quarter : LOOK; Third quarter : LOOK

Analysis Menu: Outline : LOOK; Statement : LOOK; Rating : LOOK; Indicator : LOOK; Download : LOOK

Industry Comparison Ranking: Textiles & Apparels - EDIUNET Industry Rankings; Textiles & Apparels - EDIUNET Credit Rating; Textiles & Apparels - EDIUNET Industry Avg

Comparison with a neighboring company: Tokyo - EDIUNET Prefectures; Tokyo目黒区 - EDIUNET Prefectures

Date	Company	Credit Rating	Date
1/15	THE JAPAN WOOL TEXTILE	AA	2013-11-30
1/15	YAMATO INTERNATIONAL	A→BBB	2013-11-30 (Q1)
1/15	KURAUDIA	AA→A	2013-11-30 (Q1)
1/15	ラピーヌ	BBB→BB	2013-11-30 (Q3)
12/17	太陽毛絲紡績	B→BB	2013-09-30
12/12	ナイガイ	CC→C	2013-10-31 (Q3)
12/6	NITTO SEIMO	BBB	2013-10-31 (Q2)
11/15	Princi-baru	C	2013-09-30 (Q2)
11/14	エコナックホールディン..	BBB→CCC	2013-09-30 (Q2)
11/14	GRO-BELS	-→CCC	2013-09-30 (Q2)

EDIUNET Investment News (Textiles & Apparels): 1/15 Textiles & Apparels (THE JAP..; 12/17 Textiles & Apparels (太陽毛..; 12/12 Textiles & Apparels (ナイガ..; 12/6 Textiles & Apparels (NITTO S..; 11/15 Textiles & Apparels (Princi-..; 11/14 Textiles & Apparels (エコナ..; 11/13 Textiles & Apparels (GOLDWIN..; 11/12 Textiles & Apparels (THE NIH..; 11/11 Textiles & Apparels (Japan V..; 11/8 Textiles & Apparels (ユニチ..

Ticker	Market	Industry	Month	report	Rating
LOOK	8029	TSE 1st	Textiles & Apparels	12	Annual	AA

*Financial data might be different from the actual one. Please confirm the original, and read Caution.

*This site has obtained the information from the FSA's EDINET, Tokyo Stock Exchange's TDnet and Pay statistical data services, Fukuoka stock Exchange's Stock market capitalization, Center for Spatial Information Science's CSV Geocoding Service. The copyright of the information belongs to each corporation etc. .