Summary: Casio Computer Co. Ltd. Feb 13
- ID: 2417628
- February 2013
- Standard & Poors
The ratings on Japan-based electronics and consumer products maker Casio Computer Co. Ltd. (BBB/Stable/--) reflect our view that the company has a "satisfactory" business risk profile and an "intermediate" financial risk profile. We base these assessments on the high profitability and rapid growth of Casio's clock and watch, electronic dictionary, and calculator businesses in developing countries; its conservative financial policy, including relatively low capital requirements for existing businesses; and its strong liquidity, as evidenced by its net cash position. Constraints on the ratings include high business risk and weak profitability in the company's digital camera business; and substitution risk of core products to smartphones. Standard & Poor's Ratings Services views Casio's business risk profile as satisfactory. Profitability in its electronic...
Companies mentioned in this report are:
- Casio Computer Co. Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >