Credit Rating (Bankruptcy Risk): NOMURA TRADING HOLDINGS (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: NOMURA TRADING HOLDINGS (Annual ) (Consolidated )

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

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -8 B) & Operating Cash Flow (¥ -57 M) is a minus, Interest-bearing Debt (¥ 6 B) is first term Interest-bearing Debt (¥ 6 B) more , there is a possibility that the financing is very severe.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -57 M) and Investment Cash Flow (¥ -70 M) is minus, Net Income (¥ 1 B) 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.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -57 M) is a minus, Other Current Assets (¥ 24 B) - more than 66% of Total Assets (¥ 29 B) is occupied , the possibility of holding the non-performing asset is very high.

Management Risk (*Sales is decrease )
Sales (¥ 85 B) is first term Sales (¥ 94 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 79 B) is first term Gross Income (¥ 88 B) less , there is a possibility that the management situation has stagnated and deteriorated

Dividend Risk
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ -57 M), Dividend (¥ -86 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 909 M) is Sales first term ratio (¥ -8 B) more , there is a possibility that the non-performing asset was increased.

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

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -121 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 864 M) is a plus,

Dividend
Under the situation of Net Income (¥ 796 M) & Operating Cash Flow (¥ 864 M) , Dividend (¥ -100 M) is paid.

Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 94 B) is first term (¥ 86 B) more, however Operating Cash Flow (¥ 864 M) is first term (¥ 2 B) less , there is a possibility that the financing has deteriorated very much.

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

Management Risk (*Sales is decrease )
Sales (¥ 86 B) is first term Sales (¥ 91 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 270 M) is first term Net Income (¥ 357 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.31％) is first term Net Profit Margin (0.39％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 270 M) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -120 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -958 M) is Sales first term ratio (¥ -4 B) more , there is a possibility that the non-performing asset was increased.

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

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -95 M) & Financial Cash Flow (¥ -854 M) is a minus, Operating Cash Flow (¥ 626 M) is a plus,

Dividend
Under the situation of Net Income (¥ 357 M) & Operating Cash Flow (¥ 626 M) , Dividend (¥ -127 M) is paid.

Credit Rating (Bankruptcy Risk): NOMURA TRADING HOLDINGS (Annual ) Consolidated | Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: NOMURA TRADING HOLDINGS (Annual ) (Non-Consolidated )

Special note

Net Assets have dropped 4 consecutive terms. The fiscal base is getting worse.

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

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (83.02％) is first term Net Profit Margin (114.32％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 439 M) & Operating Cash Flow (-) , Dividend (¥ -86 M) is paid.

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

Management Risk (*Sales is decrease )
Sales (¥ 205 M) is first term Sales (¥ 309 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 234 M) is first term Net Income (¥ 406 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (114.32％) is first term Net Profit Margin (131.32％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 234 M) & Operating Cash Flow (-) , Dividend (¥ -100 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 72 M) is Sales first term ratio (¥ -104 M) more , there is a possibility that the non-performing asset was increased.

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

Management Risk (*Sales is decrease )
Sales (¥ 309 M) is first term Sales (¥ 471 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 406 M) is first term Net Income (¥ 666 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (131.32％) is first term Net Profit Margin (141.48％) less , there is a possibility that the profitability has deteriorated.

Dividend
Under the situation of Net Income (¥ 406 M) & Operating Cash Flow (-) , Dividend (¥ -120 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -55 M) is Sales first term ratio (¥ -161 M) more , there is a possibility that the non-performing asset was increased.

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

Dividend
Under the situation of Net Income (¥ 666 M) & Operating Cash Flow (-) , Dividend (¥ -127 M) is paid.