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Credit Rating Analysis: Nippon Computer Dynamics (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): Nippon Computer Dynamics (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  BB  Credit is a little enough, but be insufficient potential by biz environs. ¥ 11 B
4.59%
¥ 289 M
-5.86%
¥ 119 M
75.00%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBCB
Total Assets
¥ 9 B
¥ 9 B
¥ 9 B
¥ 9 B
Net Assets
¥ 2 B
¥ 2 B
¥ 2 B
¥ 2 B

Financial Statement Risk Analysis: Nippon Computer Dynamics (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -155 M) and Investment Cash Flow (¥ -117 M) is minus, Net Income (¥ 119 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.
Dividend Risk
Under the situation of Net Income (¥ 119 M) & Operating Cash Flow (¥ -155 M), Dividend (¥ -87 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 11 B) is first term (¥ 11 B) more, however Operating Cash Flow (¥ -155 M) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -135 M) & Financial Cash Flow (¥ -128 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 68 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -87 M) is paid.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -113 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 10 B) is first term Sales (¥ 11 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -113 M) is first term Net Income (¥ 26 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.06%) is first term Net Profit Margin (0.23%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -73 M) & Financial Cash Flow (¥ -410 M) is a minus, Operating Cash Flow (¥ 259 M) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -113 M) & Operating Cash Flow (¥ 259 M), Dividend (¥ -100 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 24 M) is Sales first term ratio (¥ -884 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 (¥ 11 B) is first term Sales (¥ 12 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 26 M) is first term Net Income (¥ 212 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.23%) is first term Net Profit Margin (1.70%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -244 M) & Financial Cash Flow (¥ -25 M) is a minus, Operating Cash Flow (¥ 622 M) is a plus,
Dividend
Under the situation of Net Income (¥ 26 M) & Operating Cash Flow (¥ 622 M) , Dividend (¥ -113 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -271 M) is Sales first term ratio (¥ -979 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -115 M) and Investment Cash Flow (¥ -27 M) is minus, Net Income (¥ 212 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.
Dividend Risk
Under the situation of Net Income (¥ 212 M) & Operating Cash Flow (¥ -115 M), Dividend (¥ -115 M) is paid.

Related Information: Nippon Computer Dynamics (Annual )

Statement Type
Annual : Nippon Computer Dynamics
First quarter : Nippon Computer Dynamics
Second quarter : Nippon Computer Dynamics
Third quarter : Nippon Computer Dynamics
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@Outline : Nippon Computer Dynamics
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Related company's newest statement

Date Company Credit Rating Date
1/21 Netindex. CC 2013-11-30
1/20 川崎地質 BB→BBB 2013-11-30
1/20 KYOWA ENGINEERING CONSU.. B→BB 2013-11-30
1/20 KG Intelligence AAA→AA 2013-12-20
1/16 アクトコール -→B 2013-11-30
1/16 S-Pool C→CC 2013-11-30
1/16 T&C HOLDINGS C 2013-11-30
1/15 HITO -→AAA 2013-11-30 (Q1)
1/15 Pasona Group CC 2013-11-30 (Q2)
1/15 乃村工藝社 BB→BBB 2013-11-30 (Q3)

Ticker Market Industry Month report Rating
@ Nippon Computer Dynamics 4783 OSE JASDAQ Other Services 3 Annual BB

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