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Credit Rating (Bankruptcy Risk): ソーシン (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: ソーシン (Annual ) (Non-Consolidated )

Special note

3 consecutive terms, Cumulative loss. The fiscal base is unstable.

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

Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -2 B) is minus, so Liabilities in excess of assets , the management situation is extremely severe.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -155 M) & Financial Cash Flow (¥ -3 B) is a minus, Operating Cash Flow (¥ 3 B) is a plus,

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

Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -2 B) is minus, so Liabilities in excess of assets , the management situation is extremely severe.

Management Risk (*Net Income & Sales is sharp decrease )
As compared with the first term of Sales (¥ 22 B) , Sales (¥ 28 B) is less than 80%, and As compared with the first term of Net Income (¥ 14 M) , Net Income (¥ -90 M) is less than 10%, , there is a possibility that the management situation has deteriorated very much.

Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 28 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ -90 M) is first term Net Income (¥ 14 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-0.40％) is first term Net Profit Margin (0.05％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -400 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 514 M) is Sales first term ratio (¥ -6 B) 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 (¥ -2 B) is minus, so Liabilities in excess of assets , the management situation is extremely severe.

Management Risk (*Current Profit & Operating Cash Flow is minus or 0 )
Current Profit(¥ -7 M) & Operating Cash Flow (¥ -186 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -186 M) and Investment Cash Flow (¥ -879 M) is minus, Net Income (¥ 14 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.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -186 M) is a minus, Financial Cash Flow (¥ 1 B) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.