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Credit Rating Analysis: PIA (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): PIA (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  BB  Credit is a little enough, but be insufficient potential by biz environs. ¥ 111 B
9.81%
¥ 350 M
276.34%
¥ 382 M
339.08%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CBBBBBCCC
Total Assets
¥ 24 B
¥ 36 B
¥ 36 B
¥ 28 B
Net Assets
¥ 3 B
¥ 4 B
¥ 4 B
¥ 4 B

Financial Statement Risk Analysis: PIA (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -444 M) & Financial Cash Flow (¥ -324 M) is a minus, Operating Cash Flow (¥ 3 B) is a plus,
Dividend
Under the situation of Net Income (¥ 382 M) & Operating Cash Flow (¥ 3 B) , Dividend (¥ -42 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 111 B) is first term (¥ 101 B) more, however Operating Cash Flow (¥ 3 B) is first term (¥ 6 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -247 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income is decrease )
Net Income (¥ 87 M) is first term Net Income (¥ 92 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.09%) is first term Net Profit Margin (0.10%) less , there is a possibility that the profitability has deteriorated.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -339 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Stated Capital less
Stated Capital (¥ 4 B) is first term Stated Capital (¥ 5 B) less , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 92 B) is first term Sales (¥ 95 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 84 B) is first term Gross Income (¥ 87 B) less , there is a possibility that the management situation has stagnated and deteriorated
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -2 B) is Sales first term ratio (¥ -3 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -2 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -920 M) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 95 B) is first term Sales (¥ 100 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 87 B) is first term Gross Income (¥ 91 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -1 B) 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.
Non-performing asset Risk
Net Income (¥ -920 M) Operating Cash Flow (¥ -1 B) is a minus, Other Current Assets (¥ 11 B) - more than 50% of Total Assets (¥ 21 B) is occupied , there is a possibility of holding the non-performing asset.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -350 M) is Sales first term ratio (¥ -4 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -523 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -2 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -50 M) is a minus, Issuance of new shares (¥ 2 B) 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.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -375 M) & Financial Cash Flow (¥ -50 M) is a minus, Operating Cash Flow (¥ 719 M) is a plus,

Related Information: PIA (Annual )

Statement Type
Annual : PIA
First quarter : PIA
Second quarter : PIA
Third quarter : PIA
Analysis Menu
@Outline : PIA
@Statement : PIA
@Rating : PIA
@Indicator : PIA
@Download : PIA
Industry Comparison Ranking
Retail Trade - EDIUNET Industry Rankings
Retail Trade - EDIUNET Credit Rating
Retail Trade - EDIUNET Industry Avg
Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo渋谷区 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/28 CAWACHI A 2013-12-15 (Q3)
1/28 ハチバン A 2013-12-20 (Q3)
1/15 SALA AA→A 2013-11-30
1/15 CAN DO BB→BBB 2013-11-30
1/15 BIC CAMERA CCC→BBB 2013-11-30 (Q1)
1/15 Shimachu AA 2013-11-30 (Q1)
1/15 COSMOS Pharmaceutical AAA→AA 2013-11-30 (Q2)
1/15 AEON BBB 2013-11-30 (Q3)
1/15 LIFE -→AAA 2013-11-30 (Q3)
1/15 The Maruetsu BBB→A 2013-11-30 (Q3)

Ticker Market Industry Month report Rating
@ PIA 4337 TSE 1st Retail Trade 3 Annual BB

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