Credit Rating (Bankruptcy Risk): KAWASE COMPUTER SUPPLIES (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: KAWASE COMPUTER SUPPLIES (Annual ) (Non-Consolidated )

Special note

The change of Net income is going too far. The management situation is unstable.

Cash(¥ 1 B) is more than the total liabilities(¥ 1 B). It is a very steady fiscal base!

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

Management Risk (*Current Profit is minus or 0 )
Current Profit (¥ -9 M) is minus or 0, so , there is a possibility that the management situation is severe.

Management Risk (*Sales is decrease )
Sales (¥ 3 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 (¥ 2 M) is first term Net Income (¥ 91 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.06％) is first term Net Profit Margin (2.61％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 M) & Financial Cash Flow (¥ -123 M) is a minus, Operating Cash Flow (¥ 225 M) is a plus,

Dividend
Under the situation of Net Income (¥ 2 M) & Operating Cash Flow (¥ 225 M) , Dividend (¥ -48 M) is paid.

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -284 M) & Operating Cash Flow first term ratio (¥ -67 M) is a minus, Interest-bearing Debt (¥ 416 M) is first term Interest-bearing Debt (¥ 413 M) more , there is a possibility that the financing has deteriorated very much.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -133 M) is Sales first term ratio (¥ -284 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2012-03-31]  Danger : Warning : Caution : Good

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -56 M) & Financial Cash Flow (¥ -68 M) is a minus, Operating Cash Flow (¥ 292 M) is a plus,

Dividend
Under the situation of Net Income (¥ 91 M) & Operating Cash Flow (¥ 292 M) , Dividend (¥ -48 M) is paid.

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -213 M) is minus or 0, so , there is a possibility that the management situation is severe.

Management Risk (*Sales is decrease )
Sales (¥ 3 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 (¥ -213 M) is first term Net Income (¥ -128 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-6.59％) is first term Net Profit Margin (-3.66％) less , there is a possibility that the profitability has deteriorated.

Dividend Risk
Under the situation of Net Income (¥ -213 M) & Operating Cash Flow (¥ 160 M), Dividend (¥ -48 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -19 M) is Sales first term ratio (¥ -284 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-03-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -128 M) & Operating Cash Flow (¥ -154 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Management Risk (*Sales is decrease )
Sales (¥ 3 B) is first term Sales (¥ 4 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ -128 M) is first term Net Income (¥ 97 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-3.66％) is first term Net Profit Margin (2.41％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Operating Cash Flow is minus or 0 ＆Sales & Net Income is decrease )
Sales (¥ 3 B) is first term Sales (¥ 4 B) less Net Income (¥ -128 M) is first term Net Income (¥ 97 M) less, however Operating Cash Flow (¥ -154 M) is compensated for Investment Cash Flow (¥ 99 M) etc. , there is a possibility that the financing is severe.

Dividend Risk
Under the situation of Net Income (¥ -128 M) & Operating Cash Flow (¥ -154 M), Dividend (¥ -48 M) is paid.

Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -154 M) is minus, Investment Cash Flow (¥ 99 M) is plus. Because the main occupation was dull, stock property may have been sold off.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -10 M) is Sales first term ratio (¥ -514 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2009-03-31]  Danger : Warning : Caution : Good

Management Risk (*Current Profit is minus or 0 )
Current Profit (¥ -187 M) is minus or 0, so , there is a possibility that the management situation is severe.

Dividend
Under the situation of Net Income (¥ 97 M) & Operating Cash Flow (¥ 144 M) , Dividend (¥ -48 M) is paid.