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

canadian pharmacy reviews [url=http://www.canadotcphar.com/]canadian pharcharmy online cialis[/url] canadian levitra
buy cialis online <a href="http://www.canadotcphar.com/">online canadian pharmacy</a> india pharmacy
    online pharmacy canada Web Site
  • December 1, 2022
us pharmacy cialis [url=http://www.canadotcphar.com/]canada pharmacies online[/url] cialis online from canada
natural viagra substitute <a href="http://www.canadotcphar.com/">the canadian pharmacy</a> cialis on canada
    the canadian pharmacy Web Site
  • December 1, 2022
wskceq5xght canadian-medications <a href="https://lexsrv3.nlm.nih.gov/fdse/search/search.pl?match=0&realm=all&terms=http://www.canadotcphar.com/">viagra cialis</a> generic drugs [url=https://v.gd/Ylt2wZ]cialis for daily use canada[/url] natural alternative viagra
prescriptions from canada <a href="https://atavi.com/share/vox0v7zfie8p">canadian rx prices</a> getting a prescription online [url=https://www.ultimate-guitar.com/u/bargewar55]viagra generic[/url] canadian levitra
price of cialis <a href="https://studyroom.co.za/user/genderrake43">viagra canada with prescription</a> online drug [url=https://zzb.bz/8oh5b]generic latisse for sale[/url] northwest canadian pharcharmy online
viagra sale online [url=http://www.canadotcphar.com/]viagra online canada pharmacy[/url] viagra dosages
drapolene cream <a href="http://www.canadotcphar.com/">canada pharmacies online prescriptions</a> canadadrugsonline.com
    www.northwestpharmacy.com Web Site
  • December 1, 2022
jw0xxanl04j cheap cialis canada <a href="http://giga2021.com/home.php?mod=space&uid=608791">cheap viagra online</a> cialis on canada [url=https://notes.io/qhecb]canadian pharmacy without a prescription[/url] over the counter viagra alternative
low price viagra <a href="https://site-9197419-3567-5018.mystrikingly.com/blog/five-facts-about-pharmacy-you-need-to-know">canadian pharcharmy's</a> online drugs [url=https://bookmarkyourpage.com/story13498796/five-facts-about-pharmacy-you-need-to-know]cialis at canadian pharmacy[/url] canadian drugstore online
purchase viagra <a href="http://y4yy.com/user/versepail26">canadian prescription drugs</a> buy viagra in canada [url=https://yogaasanas.science/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]canadian pharmacy and cialis[/url] side effects of viagra
alternative to viagra [url=http://www.canadotcphar.com/]canadian pharmacy no prescription[/url] cheap viagra in canada
canada online drugstore <a href="http://www.canadotcphar.com/">canada pharmacies online viagra</a> what is viagra
    universal pharmacy Web Site
  • December 1, 2022
ukkbmshgmv1 prescription viagra online canada <a href="http://zjychy.com/space-uid-914342.html">canadian pharmacy - viagra</a> canadian generic cialis [url=https://texasbbs.net/home.php?mod=space&uid=572365]canada drug stores[/url] how much does cialis cost
natural alternative to viagra <a href="https://backforgood.faith/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">buy viagra without prescription</a> ed meds online [url=http://www.linkagogo.com/go/To?url=113297640]viagra online uk[/url] canadian drugstore online
generic viagra 100mg <a href="http://brewwiki.win/wiki/Post:Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">sildenafil generic</a> india generic viagra [url=http://www.4kquan.com/space-uid-1181401.html]viagra online in canada[/url] buying viagra
ss1iq06znw1 cialis pharmacy <a href="https://www.dafuyang.com/home.php?mod=space&uid=478445">online rx</a> viagra pharmacy online [url=https://forum.cs-cart.com/user/622236-seatgarlic35/]viagra from india[/url] viagra dosage
viagra pills <a href="https://americanhomeandgardenexchange.com/members/menuwar45/activity/801141/">buy viagra usa</a> buy generic viagra online [url=http://budtrader.com/arcade/members/inputoboe84/activity/436689/]prescription drugs canada[/url] online pharmacy usa
www.northwestpharmacy.com <a href="http://www.v0795.com/home.php?mod=space&uid=1306639">drug online</a> generic viagra canada [url=https://bookmarkfox.com/story13470089/five-facts-about-pharmacy-you-need-to-know]cialis on canada[/url] approved canadian pharmacies online
bhioskqmto7 buy viagra online without script <a href="https://anotepad.com/notes/ebfiy882">buy cialis from us pharmacy</a> tadalafil in canada [url=http://muslimfootsteps.com/forums/users/theorycolon81/]viagra dosage[/url] canadian.cialis
best online canadian pharmacies <a href="http://looksj.cn/home.php?mod=space&uid=2483959">buy viagra online canada pharmacy</a> generic viagra rx [url=https://forum.cs-cart.com/user/622904-meterwrist25/]viagra over the counter[/url] buy drugs without a prescription
viagra wikipedia <a href="https://pastelink.net/t7e2syiq">tadalafil in canada</a> viagra patent [url=http://lin8888.com/space-uid-1021319.html]sample viagra[/url] canadian-pharcharmy-
canadadrugsonline.com [url=http://www.canadotcphar.com/]no prescription pharmacy[/url] viagra pill
viagra free trial <a href="http://www.canadotcphar.com/">online pharmacies canada</a> viagra instructions
    pharmacy rx one 60 mg cialis Web Site
  • November 30, 2022
buy drugs in canada [url=http://www.canadotcphar.com/]my canadian pharmacies[/url] buy propecia
buy generic viagra online <a href="http://www.canadotcphar.com/">cialis at canadian pharmacy</a> highest rated canadian pharmacies
    canadian pharmacy no prescription Web Site
  • November 30, 2022
buy medication online [url=http://www.canadotcphar.com/]my canadian pharmacy[/url] where can i get viagra without a prescription
buy discount viagra <a href="http://www.canadotcphar.com/">generic viagra online pharmacy</a> www.walmart.com
    canadian online pharmacy Web Site
  • November 30, 2022
xdolmdhea0f viagra for women <a href="http://926gm.com/home.php?mod=space&uid=647386">viagra and high blood pressure</a> canada.viagra [url=http://11vue.com/home.php?mod=space&uid=44796]women viagra[/url] the canada pharmacy
canadian med <a href="http://wjyyouxi.com/home.php?mod=space&uid=155485">cialis at canadian pharmacies</a> online pharmacies in canada [url=http://ageloc.store/home.php?mod=space&uid=706370]cialis - canada[/url] prescription medication
ed canadian pharmacy <a href="http://4exn.com/home.php?mod=space&uid=510930">over the counter viagra alternative</a> buy viagra generic [url=https://digitaltibetan.win/wiki/Post:Five_Facts_About_Pharmacy_You_Need_to_Know]www.onlinepharmaciescanada.com[/url] canadian pharmacies without prescriptions
    yb3ofwjdu4d Web Site
  • November 30, 2022
cialis mexico pharmacy [url=http://www.canadotcphar.com/]cheap cialis online canada pharmacy[/url] viagra without a doctor prescription
cialis without a doctors prescription <a href="http://www.canadotcphar.com/">cialis-canadian pharmacy</a> cheap cialis online canada pharmacy
    canadian online pharmacy viagra Web Site
  • November 30, 2022
mj8fbhevn3e canadian pharcharmy <a href="http://ageloc.store/home.php?mod=space&uid=706278">viagra online pharmacy</a> buy cialis online in canada [url=http://zxyce.com/home.php?mod=space&uid=1370727]buy cialis canada[/url] cialis.com
ed pills online <a href="https://community.windy.com/user/barberrake39">canadian drug company</a> cialis online canada [url=https://repo.getmonero.org/harpgarden18]buy viagra usa[/url] how much does cialis cost in canada
canadian drugs without a prescription <a href="http://meetqun.net/space-uid-334696.html">cheapest viagra prices</a> generic brand viagra [url=http://www.drugoffice.gov.hk/gb/unigb/www.canadotcphar.com/]viagra erections[/url] discount rx drugs
    avfux6imoje Web Site
  • November 30, 2022

Trackback (You need to login.)