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Credit Rating (Bankruptcy Risk): ICHIKAWA (First quarter ) Consolidated

Financial Timeline

Financial Statement Risk Analysis: ICHIKAWA (First quarter ) (Consolidated )

Special note

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

[Date: 2013-06-30]  Danger : Warning : Caution : Good

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 372 M) is Sales first term ratio (¥ 128 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2012-06-30]  Danger : Warning : Caution : Good

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -67 M) is minus or 0, so , there is a possibility that the management situation is severe.

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

Management Risk (*Net Income is decrease )
Net Income (¥ -67 M) is first term Net Income (¥ 225 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-2.56％) is first term Net Profit Margin (8.20％) less , there is a possibility that the profitability has deteriorated.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 666 M) is Sales first term ratio (¥ -93 M) more , there is a possibility that the non-performing asset was increased.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 7 B) is Net Income (¥ -67 M) is a minus, Sales (¥ 2 B) more , there is a possibility of holding the non-performing asset.

[Date: 2011-06-30]  Danger : Warning : Caution : Good

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

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

[Date: 2010-06-30]  Danger : Warning : Caution : Good

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -177 M) 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 (¥ -97 M) & Financial Cash Flow (¥ -355 M) is a minus, Operating Cash Flow (¥ 639 M) is a plus,

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 2 B) is first term (¥ 2 B) more, however Operating Cash Flow (¥ 639 M) is first term (¥ 769 M) less , 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 (¥ 7 B) is Net Income (¥ -177 M) is a minus, Sales (¥ 2 B) more , there is a possibility of holding the non-performing asset.

[Date: 2009-06-30]  Danger : Warning : Caution : Good

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.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 8 B) is Net Income (¥ -1 B) is a minus, Sales (¥ 2 B) more , there is a possibility of holding the non-performing asset.

Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -1 B) is a minus, the cashflow of Operating Cash Flow (¥ 769 M) is smaller than Investment Cash Flow (¥ -990 M) , there is a possibility of the overinvestment.