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Credit Rating Analysis: FUKAGAWA-SEIJI (Annual )

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

【Analysis Menu】 @Outline @Statement @Rating @Indicator @Download

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Credit Rating (Bankruptcy Risk): FUKAGAWA-SEIJI (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2012-03-31  C  Credit is extremely vulnerable. The lowest rating. ¥ 1 B
-8.13%
¥ -158 M
-24.52%
¥ -277 M
-215.37%

Financial Timeline

Date  - 
(First quarter )
 - 
(Third quarter )
 2011-09-30 
(Second quarter )
 2012-03-31 
(Annual )
Credit Rating --CC
Total Assets
¥ 2 B
¥ 2 B
Net Assets
¥ -777 M
¥ -961 M

Financial Statement Risk Analysis: FUKAGAWA-SEIJI (Annual ) (Consolidated )

Special note
Net sales has dropped 4 consecutive terms. The business have high risk.
Net income is minus 4 consecutive terms. The business have very high risk.
4 consecutive terms, Cumulative loss. The fiscal base is unstable.
Net Assets have dropped 4 consecutive terms. The fiscal base is getting worse.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -961 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -277 M) & Operating Cash Flow (¥ -36 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -129 M) & Operating Cash Flow (¥ -36 M) is a minus, Interest-bearing Debt (¥ 1 B) is first term Interest-bearing Debt (¥ 1 B) more , there is a possibility that the financing is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 1 B) is first term Sales (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -277 M) is first term Net Income (¥ -88 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-19.04%) is first term Net Profit Margin (-5.55%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -36 M) is a minus, Financial Cash Flow (¥ 1 M) 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 (¥ -277 M) Operating Cash Flow (¥ -36 M) is a minus, Other Current Assets (¥ 767 M) - more than 50% of Total Assets (¥ 1 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 (¥ -90 M) is Sales first term ratio (¥ -129 M) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -36 M) and Investment Cash Flow (¥ -4 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -683 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -88 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 1 B) is first term Sales (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -88 M) is first term Net Income (¥ -79 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-5.55%) is first term Net Profit Margin (-4.87%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -5 M) & Financial Cash Flow (¥ -38 M) is a minus, Operating Cash Flow (¥ 80 M) is a plus,
Non-performing asset Risk
Net Income (¥ -88 M) is a minus, Other Current Assets (¥ 857 M) - more than 50% of Total Assets (¥ 1 B) is occupied , there is a possibility of holding the non-performing asset.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -595 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -79 M) & Operating Cash Flow (¥ -42 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 1 B) is first term Sales (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 756 M) is first term Gross Income (¥ 860 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-4.87%) is first term Net Profit Margin (-4.55%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Operating Cash Flow is minus or 0 &Sales is decrease )
Sales (¥ 1 B) is first term Sales (¥ 1 B) less, however Operating Cash Flow (¥ -42 M) is compensated for Investment Cash Flow (¥ 25 M) etc. , there is a possibility that the financing is severe.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -42 M) is minus, Investment Cash Flow (¥ 25 M) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk
Net Income (¥ -79 M) Operating Cash Flow (¥ -42 M) is a minus, Other Current Assets (¥ 972 M) - more than 50% of Total Assets (¥ 1 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 (¥ -88 M) is Sales first term ratio (¥ -210 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -515 M) is minus, so Liabilities in excess of assets , the management situation is extremely severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -83 M) is minus or 0, so , there is a possibility that the management situation is severe.
Non-performing asset Risk
Net Income (¥ -83 M) is a minus, Other Current Assets (¥ 1 B) - more than 50% of Total Assets (¥ 1 B) is occupied , there is a possibility of holding the non-performing asset.

Related Information: FUKAGAWA-SEIJI (Annual )

Statement Type
Annual : FUKAGAWA-SEIJI
Second quarter : FUKAGAWA-SEIJI
Analysis Menu
@Outline : FUKAGAWA-SEIJI
@Statement : FUKAGAWA-SEIJI
@Rating : FUKAGAWA-SEIJI
@Indicator : FUKAGAWA-SEIJI
@Download : FUKAGAWA-SEIJI
Industry Comparison Ranking
Glass & Ceramics Products - EDIUNET Industry Rankings
Glass & Ceramics Products - EDIUNET Credit Rating
Glass & Ceramics Products - EDIUNET Industry Avg
Comparison with a neighboring company
Saga - EDIUNET Prefectures
Saga西松浦郡 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/21 アサヒ衛陶 - 2013-11-30
1/10 ToyoAsanoFoundation BBB→BB 2013-11-30 (Q3)
12/12 OHARA BBB→CCC 2013-10-31
11/14 NIPPON CONCRETE INDUSTR.. A 2013-09-30 (Q2)
11/14 DANTO HOLDINGS BB 2013-09-30 (Q3)
11/14 KURAMOTO B→CCC 2013-09-30 (Q3)
11/13 DC  BBB→A 2013-09-30 (Q2)
11/13 NIPPON HUME A 2013-09-30 (Q2)
11/13 A&A Material CC→BB 2013-09-30 (Q2)
11/13 TYK CORPOATION CCC→BBB 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ FUKAGAWA-SEIJI Glass & Ceramics Products 3 Annual C

Related Company

@ FUKAGAWA-SEIJI (Sales ¥ 1 B)
@ ホクコン (Sales ¥ 16 B)
@ 石川島建材工業 (Sales ¥ 8 B)
@ CHIYODA UTE (Sales ¥ 27 B)
@ SHINTO (Sales ¥ 8 B)
@ DANTO HOLDINGS (Sales ¥ 6 B)
@ OKAMOTO GLASS (Sales ¥ 5 B)
@ ToyoAsanoFoundation (Sales ¥ 12 B)
@ ヤマックス (Sales ¥ 12 B)
@ NIKKO (Sales ¥ 16 B)
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