Aplus Financial Co., Ltd. Is Rated BBB+ by Standard and Poor’s20 Oct 2011 • by Natalie Aster
LONDON - Aplus Financial has been rated ‘BBB+’ by Standard and Poor’s, reflecting a strong business profile, sufficient credit power and well-developed risk management framework. But the forecast for the rating is negative. If future business environment changes unfavorably, Aplus Financial will encounter difficulties with serving its debt.
There is a reason for S&P negative outlook – Aplus has been showing decreasing financials in the past years. Last quarters don’t reflect any significant fluctuations in main numbers, though in March 2011 operating and net income fell below zero point. Aplus corrected that result in June 2011. Annual trend steadily go down. Revenue decrease by 33.5% and amounted to JPY 71048 M in FY ended March 31 2011. Net income was able to recover from negative position in the previous year and reached JPY 3224 M. Large volatility of operating and net incomes does not add relish to Aplus image.
Founded in 1956 and headquartered in Shinjuku-ku (Japan) Aplus Financial Co., Ltd. engages in provision of financial services. Main business segments: Shopping Credit, Credit Card, Loan, Settlement and Other services. In Autumn 2004 Aplus became a part of Shinsei Bank Group. Now the company actively functions as the core entity of Shinsei Bank Group.
Get more details on the company’s business, financial indicators, news and competitors in the report “Aplus Financial Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Aplus Financial Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Oct, 2011
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