Loading

Search

:

112 Educational Firms Face Fiscal Peril

  • Category:Other
A significant number of educational corporations are in financial trouble, and more than 20 of them could fold by the end of fiscal 2019 if their situation does not improve, a survey has found.

According to the findings of the Promotion and Mutual Aid Corporation for Private Schools of Japan (PMAC), 112 out of 660 educational corporations operating private universities and junior colleges — or 17 percent — are in financial difficulty. Unless their status changes for the better, 21 could go under by the end of fiscal 2019, the survey found.

As the 18-year-old population will once again decline from 2018 onward, the corporations’ business environment is expected to deteriorate even further.

The Tokyo-based PMAC is a special corporation under the jurisdiction of the Education, Culture, Sports, Science and Technology Ministry that supports the operation of private universities and junior colleges.
Since 2007, and using indicators created by PMAC, each educational corporation has analyzed its finances each year based on data from the past three years.

PMAC itself also assesses the financial standing of educational corporations, but the results had been kept undisclosed due to the possible negative impact on the management of private universities.

In January 2017, The Yomiuri Shimbun requested PMAC disclose the assessment results. Although an initial decision was made to keep them secret, they were ultimately disclosed for the first time in late December after an objection to the decision was approved by the Internal Affairs and Communications Ministry’s examination panel.

According to disclosed documents and other materials, PMAC analyzed the income, expenditures and assets of 660 educational corporations that operated 599 universities and 331 junior colleges across the country as of fiscal 2016. PMAC calculated the risk of the corporations going under based on indicators.

The indicators included 1) a negative figure resulting for two years or more over the last three years when personnel and other expenditures are subtracted from tuition and other revenue; 2) borrowings and other liabilities surpassing assets; and 3) how many years after the survey a shortage of funds was expected to occur.

The results showed that 21 corporations, or 3.2 percent, were in the “red zone,” in which they could collapse by the end of fiscal 2019, while 91, or 13.8 percent, were in the “yellow zone,” in which they could go under in fiscal 2020 or later. There are 175 corporations, or 26.5 percent, that were potentially in the yellow zone, meaning there are signs of financial deterioration. Meanwhile, 373 corporations, or 56.5 percent, were categorized as “sound,” meaning there are no problems with their finances.

The names of the corporations were not disclosed.
Compared with the results of fiscal 2015, the number of corporations categorized as sound dropped by 47, while the number of those potentially in the yellow zone increased by 39.

The land and buildings they possess were not taken into account when analyzing the corporations’ finances. PMAC said the survey results are rough estimates, so being at risk of going under does not necessarily mean a corporation will definitely collapse.

However, it added that corporations operating small and midsize universities in local areas, and those operating small universities in urban areas, are facing particularly severe financial conditions.
 
 

Comment(s) Write comment

jhejaoaew0y highest rated canadian pharmacies <a href="https://cameradb.review/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">canadian pharmacy reviews</a> viagra pharmacy [url=https://www.renderosity.com/users/id:1312702]northwest canadian pharcharmy online[/url] ed medications
www.walmart.com <a href="https://www.ultimate-guitar.com/u/cloverdead95">canada med</a> cialis at canadian pharmacy [url=https://picomart.trade/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]canadian pharcharmy online reviews[/url] viagra online uk
discount cialis <a href="https://flipboard.com/@vanwar93">cialis without prescription canada</a> viagra without a doctor prescription [url=http://mc-dqm4.xii.jp/index.php?vanhair15]generic cialis canada pharmacy[/url] cheap viagra uk
online cheap viagra [url=http://www.canadotcphar.com/]canadian viagra online pharmacy[/url] cialis.com coupon
buy cialis from canada <a href="http://www.canadotcphar.com/">generic cialis canada pharmacy</a> canadian cialis
    cialis canadian pharmacy Web Site
  • December 2, 2022
tadalafil canada [url=http://www.canadotcphar.com/]canada pharmacy for viagra[/url] l484 pill
viagra natural <a href="http://www.canadotcphar.com/">rite aid pharmacies</a> calais pills from canada
    canadian cialis online pharmacy Web Site
  • December 2, 2022
viagra pills [url=http://www.canadotcphar.com/]canadian pharmacy.com[/url] viagra soft tabs
cialis mexico pharmacy <a href="http://www.canadotcphar.com/">no prescription pharmacy</a> viagra samples free
    canadian viagra online pharmacy Web Site
  • December 2, 2022
viagra online from canada [url=http://www.canadotcphar.com/]canadian pharmacy with viagra[/url] what is viagra used for
tadalafil in canada <a href="http://www.canadotcphar.com/">www.canadian pharmacy</a> online canadian pharmacy
    canadian online pharmacy cialis Web Site
  • December 2, 2022
low price viagra [url=http://www.canadotcphar.com/]london pharmacy canada[/url] how to take viagra
buy pfizer viagra <a href="http://www.canadotcphar.com/">canadian pharmacy.com</a> viagra from canada
    canadian pharmacies generic drugs online Web Site
  • December 2, 2022
pharmacy rx one [url=http://www.canadotcphar.com/]viagra from canada pharmacy[/url] canada pharmacies online
best generic viagra <a href="http://www.canadotcphar.com/">online canadian pharmacies</a> viagra free
    rite aid pharmacies Web Site
  • December 2, 2022
order cialis in canada [url=http://www.canadotcphar.com/]canadian pharmacies without prescriptions[/url] canadian-pharcharmy-
pharmacy rx one <a href="http://www.canadotcphar.com/">london pharmacy canada</a> canadian online pharmacy for viagra
    my canadian pharmacies Web Site
  • December 2, 2022
generic viagra reviews [url=http://www.canadotcphar.com/]cialis online canadian pharmacy[/url] price of cialis in canada
cialis from canadian <a href="http://www.canadotcphar.com/">cialis canada online pharmacy</a> baclofen
    canada pharmacy for viagra Web Site
  • December 1, 2022
canada pharmacy for cialis [url=http://www.canadotcphar.com/]canadian pharmacy cialis for daily use[/url] viagra canada pharmacy
viagra brand sale <a href="http://www.canadotcphar.com/">cialis canadian pharmacy</a> canada drugs cialis
    canadian online pharmacy for viagra Web Site
  • December 1, 2022
viagra sale online [url=http://www.canadotcphar.com/]canadian pharmacy with viagra[/url] low cost viagra
cialis- canadian pharmacy <a href="http://www.canadotcphar.com/">legitimate online pharmacies india</a> viagra from india
    canadian pharmacy - viagra Web Site
  • December 1, 2022
viagra by mail [url=http://www.canadotcphar.com/]generic pharmacy[/url] cheap viagra canadian
buy propecia <a href="http://www.canadotcphar.com/">cialis canada online pharmacy</a> cialis online canada
    viagra at canadian pharmacy Web Site
  • December 1, 2022
generic viagra reviews [url=http://www.canadotcphar.com/]online pharmacies canada[/url] canadian pharmacy online viagra
overnight viagra <a href="http://www.canadotcphar.com/">canadian rx pharmacy</a> how to take viagra
    canadianpharmacy.com Web Site
  • December 1, 2022
buying viagra [url=http://www.canadotcphar.com/]canadian pharmacy - viagra[/url] viagra ingredients
canadian pills <a href="http://www.canadotcphar.com/">cialis canadian pharmacy's</a> what is cialis
    buy cialis from us pharmacy Web Site
  • December 1, 2022
canadian online drugstore [url=http://www.canadotcphar.com/]generic viagra online pharmacy[/url] canadian drug stores
real viagra online <a href="http://www.canadotcphar.com/">cialis canadian pharmacy</a> buy medication online
    canadian online pharmacy Web Site
  • December 1, 2022

Trackback (You need to login.)