Credit Rating (Bankruptcy Risk): マルコ (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: マルコ (Annual ) (Non-Consolidated )

Special note

Net sales has dropped 5 consecutive terms. The business have high risk.

[Date: 2013-03-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 9 B) is first term Sales (¥ 16 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 220 M) is first term Net Income (¥ 471 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (2.29％) is first term Net Profit Margin (2.85％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -72 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 269 M) is a plus,

Dividend
Under the situation of Net Income (¥ 220 M) & Operating Cash Flow (¥ 269 M) , Dividend (¥ -121 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 188 M) is Sales first term ratio (¥ -6 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2012-08-31]  Danger : Warning : Caution : Good

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -951 M) & Operating Cash Flow (¥ -154 M) is a minus, Interest-bearing Debt (¥ 1 B) is first term Interest-bearing Debt (¥ 497 M) 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 (¥ -154 M) and Investment Cash Flow (¥ -19 M) is minus, Net Income (¥ 471 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 (*Sales is decrease )
Sales (¥ 16 B) is first term Sales (¥ 17 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 471 M) is first term Net Income (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (2.85％) is first term Net Profit Margin (7.75％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -154 M) is a minus, Financial Cash Flow (¥ 308 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 (¥ 471 M) & Operating Cash Flow (¥ -154 M), Dividend (¥ -289 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 15 M) is Sales first term ratio (¥ -951 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2011-08-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 17 B) is first term Sales (¥ 18 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 9 B) is first term Gross Income (¥ 9 B) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -83 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -152 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -442 M) is Sales first term ratio (¥ -574 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-08-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 18 B) is first term Sales (¥ 19 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 9 B) is first term Gross Income (¥ 9 B) less , there is a possibility that the management situation has stagnated and deteriorated

Dividend
Under the situation of Net Income (¥ 13 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -152 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 357 M) is Sales first term ratio (¥ -977 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2009-08-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -120 M) is minus or 0, so , there is a possibility that the management situation is severe.

Dividend Risk
Under the situation of Net Income (¥ -120 M) & Operating Cash Flow (¥ 577 M), Dividend (¥ -76 M) is paid.