OUR INTERNATIONAL PARTNERS
CRIF Credit Information Services Dynamic Business Information Glad Trust Management Co Ltd MNS Credit Management Group
1
Date 10-05-2023
Given Remarks
Subject name: YAGI AND CO. LTD. Same as subject verified name
Address: SEC.257 2-8, 2-CHOME, KYUTAROMACHI, Same as operating address
CHUO-KU,OSAKA, 540-8660, JAPAN
Country: JAPAN
YAGI & CO., LTD.
Address : 2-8-2 Kyutaro-Machi, Chuo-Ku
Postal code : 540-8660
State/province : Osaka
Country : JAPAN
Telephone : +81 662667300
Fax : +81 662667373
Email : yutanim@yaginet.jp
Website : www.yaginet.co.jp
Executive Summary Credit
Ratings
Identification
Registration number : 5760105 Satisfactory
Registration date : 28-05-2019
Registry status : Live/Active
Legal form : Private Limited Company
Registry auth : National Tax Agency, Japan Credit Risk
Registry status : Live/Active Average
Company Sizing
Chairman : Takao Yagi Payment
Employees : 666 Condition
Authorized Capital : JPY 1,088,000,000 Sound
Paid-up Capital : JPY 1,088,000,000
Operation Summary Financial
Banker (S) : N/A Condition
Nature of Business : Wholesales of women's and children's Sound
clothing, textile products, fabric, cotton
blend, synthetics yarns, cotton, denim General
fabric, Tee-shirts, sweatshirts, parkas, Reputation
tops as clothing, and others related Fair
products
Credit Risk Assessments
Credit Rating: Satisfactory
Commentary
• Organizational structure is experienced
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• Management experience is sound
• No detrimental records found
• Financial performance is sound
• Operational trend is experienced
• Payment punctuality is sound
Shareholding Structure
The list of SC’s shareholders is as follows
Name YAGI & COMPANY BUSINESS ASSOCIATION
% of shares 9.91%
Number of shares 906,000 ordinary shares
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name TOWER INVESTMENT MANAGEMENT CO., LTD.
% of shares 8.58%
Number of shares 784,000 ordinary shares
Address Boston, Massachusetts
United States
Name YAGI & CO., LTD.
% of shares 9.24%
Number of shares 844,865 ordinary shares
Address 2-2-8, Kyutaro-machi, Chuo-ku
OSAKA-SHI 540-8660
Japan
Name MIZUHO FINANCIAL GROUP, INC.
% of shares 4.49%
Number of shares 410,000 ordinary shares
Address Chiyoda City
Tokyo
Japan
Name FIDELITY MANAGEMENT & RESEARCH CO. LLC
% of shares 4.33%
Number of shares 396,169 ordinary shares
Address Boston
Massachusetts
United States
Name SUMITOMO MITSUI FINANCIAL GROUP, INC.
% of shares 4.16%
Number of shares 380,000 ordinary shares
Address Chiyoda City
Tokyo
Japan
Name MITSUBISHI UFJ FINANCIAL GROUP, INC.
% of shares 4.33%
Number of shares 305,000 ordinary shares
Address Chiyoda City
Tokyo
Japan
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Name YAGI & CO. EMPLOYEE STOCK OWNERSHIP PLAN
% of shares 2.92%
Number of shares 267,000 ordinary shares
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name DAI-ICHI LIFE HOLDINGS, INC.
% of shares 2.74%
Number of shares 250,000 ordinary shares
Address DN Tower 21, 1-13-1
Yurakucho, Chiyoda
Tokyo
Japan
Name CROSS PLUS INC.
% of shares 2.51%
Number of shares 229,000 ordinary shares
Address 3-9-13 Hananoki, nishiku
Nagoya 451-8560
Japan
Board Of Directors / Other Appointments
Name Takao Yagi
Board function Chairman, President & C.E.O.
Since of date 2016
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Ichiro Yamaoka
Board function Managing Executive Officer & Director
Since of date 2015
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Tetsuya Hamada
Board function Senior Executive Officer & Director
Since of date 2021
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Yoshifumi Ikeda
Board function Independent Outside Director
Since of date 2013
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
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Osaka, 541-0056
Japan
Name Osamu Shioda
Board function Independent Outside Director
Since of date 2017
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Akashi Miura
Board function Director
Since of date 2019
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Yasuyuki Yagi
Board function Senior Executive Officer & Director
Since of date 2019
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Hiroshi Kumagai
Board function Independent Outside Director
Since of date 2017
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Hiroshi Yamaguchi
Board function Audit Committee Member & Director
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Name Frederique Leitner
Board function Agent
Address 2-2-8, Kyutaromachi, Chuo-Ku
Yagi Bldg. Osaka
Osaka, 541-0056
Japan
Share Capital
The list of SC’s share capital is as follows:
Composition
Authorized JPY 1,088,000,000
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Corporate Affiliations
Comments Not reported.
Financial Accounts
Description
Currency: Japanese Yen (JPY)
Summarised
Date of accounts: 3-30-2022 3-30-2021
Consolidation: Consolidated Consolidated
Period: 12 months 12 months
Total Revenue: 77,524,179,000 114,240,456,000
Gross profit: 17,026,107,000 18,065,239,000
Operating 15,900,049,000 16,024,612,000
Expense:
Operating Income: 1,126,058,000 2,040,627,000
Pre-tax Income: 1,012,150,000 2,215,367,000
Tax Provision: 658,512,000 689,909,000
Total Expenses: 76,398,120,000 112,199,829,000
Net Interest -30,840,000 -40,191,000
Income:
Reconciled Cost of 60,498,071,000 96,175,217,000
Revenue:
Total Assets: 64,702,146,000 68,103,086,000
Current Assets: 49,210,571,000 51,250,122,000
Total non-current 15,491,573,000 16,852,962,000
assets:
Share Issued: 9,200,000 10,568,000
Non-current - -
liabilities:
Total liabilities: - -
Treasury Shares 873,000 2,266,000
Number:
Ordinary Shares 8,327,000 8,302,000
Number:
Economic Outlook
Full As of my knowledge cutoff in September 2021, Japan's economic outlook was
description: showing signs of improvement after being hit hard by the COVID-19 pandemic.
The country has been working to rebuild its economy with various measures,
including monetary and fiscal stimulus policies.
However, the country still faces challenges, including a declining population, an
aging workforce, and a high debt burden. Japan's economy has been driven by its
manufacturing and export sectors, which have been impacted by the global
economic slowdown caused by the pandemic. However, the country's economy
has been showing signs of recovery, with the government forecasting a growth
rate of 4.0% for fiscal year 2021. The growth has been fueled by a rebound in
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exports, especially in the auto and electronics industries, and a pickup in domestic
demand. The Japanese government has also been implementing policies to
encourage investment and innovation in various sectors, including renewable
energy, healthcare, and digital technologies.
These initiatives aim to support long-term economic growth and address some of
the structural challenges that Japan faces. However, there are also challenges
that Japan needs to address, including the aging population and a declining
workforce, which are expected to have significant implications for the country's
economy. The government has been implementing policies to address these
challenges, including measures to encourage greater participation of women and
elderly workers in the workforce and promote innovation in industries that can
offset the impact of the demographic shift. Overall, Japan's economic outlook is
showing signs of recovery, but the country still faces challenges that require
continued efforts to promote long-term sustainable growth.
Banking and Financing
Charges & A detailed list of charges is attached to this report.
Mortgages
Legal Filings / Sanctions
Legal
Filings
Bankruptcy None found
filings:
Court None found
judgements:
Tax liens: None found
Legal cases: None found
Other: None found
Sanctions
OFAC: None found
EU: None found
UN: None found
BIS: None found
Other: None found
Comments Searches covering the names of the Subject and its major corporate shareholders
(holding 25% or more of the Subject's share capital or votes) were conducted
using Sanctions Lists published by the American Office of Foreign Assets Control
(OFAC), the European Union (EU), the United Nations (UN), and the Bureau of
Industry and Security (BIS).
Country Corruption
Perceptions Index
2022 2021 2020
Score (higher 73/100 - 73/100 ▼ 74/100
is better):
Rank 18/180 - 18/180 ▲ 19/180
(position):
7
Comments: Adapted or reprinted from Corruptions Perceptions Index. Copyright 2022.
Transparency International: the global coalition against corruption. Used with
permission. For more information, visit http://www.transparency.org
Operations and History
Activities
Full The subject is engaged in wholesales of women's and children's clothing, textile
description: products, fabric, cotton blend, synthetics yarns, cotton, denim fabric, Tee-shirts,
sweatshirts, parkas, tops as clothing, and others related products
The respondent contacted at the company confirmed that subject is active and
operational.
Industry As of my knowledge cutoff in September 2021, the Japanese market for women's
scenario: and children's clothing and textile products is highly competitive and diverse, with
a variety of domestic and international brands operating in the industry. Japan
has a strong reputation for high-quality fashion and textile products, and many
Japanese brands have gained international recognition for their unique designs
and attention to detail. The market for women's and children's clothing and textile
products in Japan has been impacted by changing consumer preferences and the
rise of e-commerce platforms, which have made it easier for consumers to
purchase products from both domestic and international brands. However,
Japanese brands continue to be popular among consumers due to their high-
quality materials, unique designs, and attention to detail. In recent years, there
has been a growing trend towards sustainable and eco-friendly fashion in Japan,
with many brands focusing on using organic and recycled materials in their
products. This trend has been driven by increased awareness of environmental
issues and the desire for more sustainable fashion options among consumers. In
addition to the domestic market, Japanese companies have been expanding their
presence in international markets, including the United States and Europe,
through partnerships and collaborations with other brands and retailers. Many
Japanese companies have also been investing in new technologies, including
digital printing and 3D knitting, to improve production efficiency and product
quality. Overall, the women's and children's clothing and textile industry in Japan
remains competitive and diverse, with a strong focus on quality and innovation.
The industry is expected to continue to evolve and adapt to changing consumer
preferences and market trends.
Property & Assets
Premises The Subject's registered office is located at the heading address.
Payments
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Debt No negative information was found.
Collections/
Judgements
Payment
Experiences
Payment As trade references were not supplied, the Subject's payment track record history
behavior: CANNOT BE ACCURATELY DETERMINED.
Investigative Notes
Sources Official and local business sources
Credit Rating Guide
Proposed
Rating Risk Credit Risk Assessment
Credit Limit
Highest credit rating used by our company.
It applies to top few percent of companies in
the world. Companies with excellent rating
Excellent Minimal are deemed to be good for large credits,
Large amount
which can be considered with highest
confidence.
This rating applies to strong companies with
very solid financial base or subsidiaries of
large and robust multinational companies.
These companies usually possess a strong
operational base and adequate equity to be Fairly large
Good Low able to meet their commitments. amount
When our assessment is GOOD small to
medium credits can be granted with high
confidence that commitments can be met
under most circumstances.
This is a more positive credit scoring. It
applies to companies operating steadily with
reasonable financial performance, modest /
good profits and sufficient equity. It also
applies to companies where fewer financial
data is known but other indicators such as
Moderate
Satisfactory Average being a part of large group, strong capital
amount
base, robust indusHKD, etc., make the
company a trustworthy business partner.
When our assessment is satisfactory a
cautious credit control applies, medium
amounts are allowable for open credits.
Regular monitoring is of benefit.
This rating is neither purely negative nor
purely positive. Our additional description
and our suggested credit limit provide more
detailed explanation.
Small amount
Above Companies receiving passable rating may fall
Passable in one of the following categories:
– periodical
average review
- companies making losses yet with still
positive equity
- companies operating in a high-risk
industries or environments
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- recently incorporated companies with little
payment / financial history.
This rating indicates uncovered trouble
within the subject company. It is usually
related to a very poor financial performance,
bankruptcy filings or notoriously delayed
payments. It also applies to discontinued Credit is not
Poor High businesses. When our assessment is poor, recommended
we recommend that no credit lines should be
extended to subject company and any
dealings, if at all, should be conducted on
100% prepayment basis only.
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