TOKYOTOKEIBA (Annual ): Credit Rating Analysis

Credit Rating Analysis: TOKYOTOKEIBA (Annual )

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

Date	Credit Rating	Comment
2012-12-31	A	Credit is high, but affected by biz environs.

Date	2012-12-31 (Annual )	2013-03-31 (First quarter )	2013-06-30 (Second quarter )	2013-09-30 (Third quarter )
Credit Rating	A	BBB	BB	A
Total Assets	¥ 63 B	¥ 62 B	¥ 62 B	¥ 75 B
Net Assets	¥ 51 B	¥ 51 B	¥ 51 B	¥ 52 B

[Date: 2012-12-31] Danger : Warning : Caution : Good: Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 6 B) , Dividend (¥ -857 M) is paid.; Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 987 M) is Sales first term ratio (¥ 979 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2011-12-31] Danger : Warning : Caution : Good: Management Risk (*Sales is decrease )
Sales (¥ 15 B) is first term Sales (¥ 16 B) less , there is a possibility that the management situation has stagnated and deteriorated; Management Risk (*Net Income is decrease )
Net Income (¥ 729 M) is first term Net Income (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated; Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (4.81％) is first term Net Profit Margin (10.79％) less , there is a possibility that the profitability has deteriorated.; Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,; Dividend
Under the situation of Net Income (¥ 729 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -857 M) is paid.; Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -658 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-12-31] Danger : Warning : Caution : Good: Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -3 B) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,; Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 5 B) , Dividend (¥ -858 M) is paid.

[Date: 2009-12-31] Danger : Warning : Caution : Good: Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -3 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,; Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 5 B) , Dividend (¥ -1 B) is paid.

Date	Credit Rating	Comment
2012-12-31	CCC	Credit is fragile, and depended on biz environs.

Date	- (First quarter )	- (Second quarter )	- (Third quarter )	2012-12-31 (Annual )
Credit Rating	-	-	-	CCC
Total Assets	-	-	-	¥ 50 B
Net Assets	-	-	-	¥ 45 B

Statement Type: Annual : TOKYOTOKEIBA; First quarter : TOKYOTOKEIBA; Second quarter : TOKYOTOKEIBA; Third quarter : TOKYOTOKEIBA

Analysis Menu: Outline : TOKYOTOKEIBA; Statement : TOKYOTOKEIBA; Rating : TOKYOTOKEIBA; Indicator : TOKYOTOKEIBA; Download : TOKYOTOKEIBA

Industry Comparison Ranking: Amusement - EDIUNET Industry Rankings; Amusement - EDIUNET Credit Rating; Amusement - EDIUNET Industry Avg

Comparison with a neighboring company: Tokyo - EDIUNET Prefectures; Tokyo大田区 - EDIUNET Prefectures

Date	Company	Credit Rating	Date
1/15	KOSHIDAKA HOLDINGS	BB	2013-11-30 (Q1)
1/10	KABUKI-ZA	CC→BB	2013-11-30 (Q3)
1/6	DOGO KANKO GOLF	B→BB	2013-09-30
12/27	明世カントリークラブ	AA→BB	2013-09-30
12/27	Akitsubara	CCC→CC	2013-09-30
12/27	BINAN KANKO KAIHATSU	A→BBB	2013-09-30
12/26	北陸観光開発	BB→B	2013-09-30
12/26	呉羽観光	CC→BB	2013-09-30
12/25	KASAMA GOLF CLUB	AAA	2013-09-30
12/25	Nai kai kan ko kaihatsu	B	2013-09-30

EDIUNET Investment News (Amusement): 1/15 Amusement (KOSHIDAKA HOLDING..; 1/10 Amusement (KABUKI-ZA:CC→BB); 1/6 Amusement (DOGO KANKO GOLF:B..; 12/27 Amusement (明世カントリーク..; 12/26 Amusement (北陸観光開発:BB→B..; 12/25 Amusement (KASAMA GOLF CLUB:..; 12/24 Amusement (花屋敷ゴルフ倶楽..; 12/20 Amusement (OBARA COUNTORYCLU..; 12/19 Amusement (明智ゴルフ倶楽部:..; 12/12 Amusement (Tokyo Dome:BBB)

Ticker	Market	Industry	Month	report	Rating
TOKYOTOKEIBA	9672	TSE 1st	Amusement	12	Annual	A

*Financial data might be different from the actual one. Please confirm the original, and read Caution.

*This site has obtained the information from the FSA's EDINET, Tokyo Stock Exchange's TDnet and Pay statistical data services, Fukuoka stock Exchange's Stock market capitalization, Center for Spatial Information Science's CSV Geocoding Service. The copyright of the information belongs to each corporation etc. .