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Credit Rating Analysis: Mizuho Trust & Banking (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): Mizuho Trust & Banking (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment
2013-03-31  B  Credit is not enough, easily undermined by biz environs.

Financial Timeline

Date  2010-12-31 
(Third quarter )
 2011-06-30 
(First quarter )
 2011-09-30 
(Second quarter )
 2013-03-31 
(Annual )
Credit Rating ABBBBB
Total Assets
¥ 6.3 T
¥ 6.3 T
¥ 6.4 T
¥ 6.6 T
Net Assets
¥ 329 B
¥ 318 B
¥ 321 B
¥ 424 B

Financial Statement Risk Analysis: Mizuho Trust & Banking (Annual ) (Consolidated )

Special note
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 198 B) is first term Sales (¥ 202 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 25 B) is first term Net Income (¥ 32 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (12.72%) is first term Net Profit Margin (15.99%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Operating Cash Flow is minus or 0 &Sales & Net Income is decrease )
Sales (¥ 198 B) is first term Sales (¥ 202 B) less Net Income (¥ 25 B) is first term Net Income (¥ 32 B) less, however Operating Cash Flow (¥ -392 B) is compensated for Investment Cash Flow (¥ 393 B) etc. , there is a possibility that the financing is severe.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -392 B) is minus, Investment Cash Flow (¥ 393 B) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 292 B) is Operating Cash Flow (¥ -392 B) is a minus, Sales (¥ 198 B) more , there is a possibility of holding the non-performing asset.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -7 B) is a minus, Issuance of new shares (¥ 132 M) 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 (*Gross Income is decrease )
Gross Income (¥ 163 B) is first term Gross Income (¥ 172 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -54 B) & Financial Cash Flow (¥ -7 B) is a minus, Operating Cash Flow (¥ 67 B) is a plus,
Dividend
Under the situation of Net Income (¥ 32 B) & Operating Cash Flow (¥ 67 B) , Dividend (¥ -7 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 202 B) is first term (¥ 201 B) more, however Operating Cash Flow (¥ 67 B) is first term (¥ 618 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -38 B) is a minus, Issuance of new shares (¥ 86 M) 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 (*Sales is decrease )
Sales (¥ 201 B) is first term Sales (¥ 213 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 172 B) is first term Gross Income (¥ 192 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -562 B) & Financial Cash Flow (¥ -38 B) is a minus, Operating Cash Flow (¥ 618 B) is a plus,
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -17 B) is a minus, Issuance of new shares (¥ 56 M) 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 (*Sales is decrease )
Sales (¥ 213 B) is first term Sales (¥ 229 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 192 B) is first term Gross Income (¥ 241 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Operating Cash Flow is minus or 0 &Sales is decrease )
Sales (¥ 213 B) is first term Sales (¥ 229 B) less, however Operating Cash Flow (¥ -505 B) is compensated for Investment Cash Flow (¥ 436 B) etc. , there is a possibility that the financing is severe.
Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 436 B) is a plus, Issuance of new shares (¥ 56 M) is plus. Because it is thought that the circulating fund is gained by sale and new issue of stocks of stock property , there is a possibility that the financing is severe.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -505 B) is minus, Investment Cash Flow (¥ 436 B) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 466 B) is Operating Cash Flow (¥ -505 B) is a minus, Sales (¥ 213 B) more , there is a possibility of holding the non-performing asset.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -30 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 (¥ -379 B) & Financial Cash Flow (¥ -105 B) is a minus, Operating Cash Flow (¥ 574 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -30 B) & Operating Cash Flow (¥ 574 B), Dividend (¥ -7 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 627 B) is Net Income (¥ -30 B) is a minus, Sales (¥ 229 B) more , there is a possibility of holding the non-performing asset.

Related Information: Mizuho Trust & Banking (Annual )

Statement Type
Annual : Mizuho Trust & Banking
First quarter : Mizuho Trust & Banking
Second quarter : Mizuho Trust & Banking
Third quarter : Mizuho Trust & Banking
Analysis Menu
@Outline : Mizuho Trust & Banking
@Statement : Mizuho Trust & Banking
@Rating : Mizuho Trust & Banking
@Indicator : Mizuho Trust & Banking
@Download : Mizuho Trust & Banking
Industry Comparison Ranking
Banks - EDIUNET Industry Rankings
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Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo中央区 - EDIUNET Prefectures

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Ticker Market Industry Month report Rating
@ Mizuho Trust & Banking 8404 TSE 1st Banks 3 Annual B

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