▼ 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.
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.
- January 3, 2018
- Comment (1944)
- Trackback(0)
Comment(s) Write comment
wmubrmnubsu medication canada <a href="http://5zyyy.com/home.php?mod=space&uid=378922">online cheap viagra</a> drugs shop [url=https://www.haoyouhuiba.com/space-uid-733775.html]sildenafil canada[/url] viamedic com
generic viagra canadian <a href="https://coub.com/beatsnow95">discount generic viagra</a> how long does viagra last [url=https://dohabb.com/index.php?page=user&action=pub_profile&id=1392128]cialis in canadian pharmacies[/url] l484 pill
viagra generic <a href="https://fsquan8.cn/home.php?mod=space&uid=400948">canada drugs cialis</a> best price viagra [url=https://socialnetworkadsinfo.com/story12433184/how-to-buy-prescription-drugs-from-a-canadian-pharmacy]canadian medications[/url] sample viagra
generic viagra canadian <a href="https://coub.com/beatsnow95">discount generic viagra</a> how long does viagra last [url=https://dohabb.com/index.php?page=user&action=pub_profile&id=1392128]cialis in canadian pharmacies[/url] l484 pill
viagra generic <a href="https://fsquan8.cn/home.php?mod=space&uid=400948">canada drugs cialis</a> best price viagra [url=https://socialnetworkadsinfo.com/story12433184/how-to-buy-prescription-drugs-from-a-canadian-pharmacy]canadian medications[/url] sample viagra
-
mh6ehiskwou Web Site
- November 18, 2022
buy medication without an rx [url=http://www.canadotcphar.com/]www.onlinepharmaciescanada.com[/url] viagra canada
viagra without a doctor prescription canada <a href="http://www.canadotcphar.com/">universal pharmacy</a> viagra how it works
viagra without a doctor prescription canada <a href="http://www.canadotcphar.com/">universal pharmacy</a> viagra how it works
-
northwestern pharmacy canada Web Site
- November 18, 2022
canadian pharmacy viagra [url=http://www.canadotcphar.com/]canada online pharmacy[/url] viagra sale online
online pharmacy without prescription <a href="http://www.canadotcphar.com/">cialis on canadian pharmacy</a> ed medication
online pharmacy without prescription <a href="http://www.canadotcphar.com/">cialis on canadian pharmacy</a> ed medication
-
canada rx pharmacy Web Site
- November 17, 2022
cialis from canada [url=http://www.canadotcphar.com/]discount canadian pharmacies[/url] cialis generic canada
hypnosis orgasm <a href="http://www.canadotcphar.com/">canadian pharmacy.reviews</a> cialis canadian
hypnosis orgasm <a href="http://www.canadotcphar.com/">canadian pharmacy.reviews</a> cialis canadian
-
northwestpharmacy.com scam Web Site
- November 17, 2022
mf5mktas64o prescription for cialis <a href="https://canvas.instructure.com/eportfolios/1532490/Home/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">cialis canada pharmacy online</a> canadian drug company [url=https://anotepad.com/notes/incn93ym]viagra[/url] approved canadian pharmacies online
44-466 green pill <a href="https://www.authorstream.com/vancap56/">how long does viagra last</a> online pharmacies in canada [url=https://public.sitejot.com/beatavenue68.html]drugs-med.com[/url] generic viagra
buy viagra from canada pharmacy <a href="http://hawkee.com/profile/2266013/">canadian meds</a> purchase viagra professional [url=https://pastelink.net/qb8bg480]canada prescription[/url] canadameds.com
44-466 green pill <a href="https://www.authorstream.com/vancap56/">how long does viagra last</a> online pharmacies in canada [url=https://public.sitejot.com/beatavenue68.html]drugs-med.com[/url] generic viagra
buy viagra from canada pharmacy <a href="http://hawkee.com/profile/2266013/">canadian meds</a> purchase viagra professional [url=https://pastelink.net/qb8bg480]canada prescription[/url] canadameds.com
-
wpcta9wt58m Web Site
- November 17, 2022
purchase viagra in canada [url=http://www.canadotcphar.com/]canadian pharmacy cialis[/url] viagra and women
viagra testimonials <a href="http://www.canadotcphar.com/">canadian pharmacies viagra</a> over the counter viagra
viagra testimonials <a href="http://www.canadotcphar.com/">canadian pharmacies viagra</a> over the counter viagra
-
canadian pharmacy viagra Web Site
- November 17, 2022
tg2sjsbsko4 canadian pills online <a href="https://www.ivnew.com/home.php?mod=space&uid=409934">erectile dysfunction drugs online</a> cialis viagra [url=https://scppfussball.de/forums/users/bearsnow47/edit]buy viagra without a prescription[/url] drugs canada
canada drugstore <a href="http://lz13w.com/home.php?mod=space&uid=222275">generic viagra free shipping</a> order viagra [url=https://wxgcs.cn/space-uid-667263.html]buy cialis online[/url] cialis canada online pharmacy
kamagra gel <a href="https://scientific-programs.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">buy viagra without a prescription</a> online pharmacy usa [url=http://ikeynote.cn/home.php?mod=space&uid=3880250]www.northwestpharmacy.com[/url] discount generic viagra
canada drugstore <a href="http://lz13w.com/home.php?mod=space&uid=222275">generic viagra free shipping</a> order viagra [url=https://wxgcs.cn/space-uid-667263.html]buy cialis online[/url] cialis canada online pharmacy
kamagra gel <a href="https://scientific-programs.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">buy viagra without a prescription</a> online pharmacy usa [url=http://ikeynote.cn/home.php?mod=space&uid=3880250]www.northwestpharmacy.com[/url] discount generic viagra
-
ecqyu0rlcku Web Site
- November 17, 2022
pharmaceuticals from canada [url=http://www.canadotcphar.com/]viagra from canada pharmacy[/url] tadalafil from canada
buy brand cialis online canada <a href="http://www.canadotcphar.com/">canadian online pharmacy viagra</a> viagra india pharmacy
buy brand cialis online canada <a href="http://www.canadotcphar.com/">canadian online pharmacy viagra</a> viagra india pharmacy
-
canadian pharmaceutical Web Site
- November 17, 2022
cheap cialis online canadian pharmacy [url=http://www.canadotcphar.com/]canadian viagra online pharmacy[/url] generic viagra from canada
cialis from.canada <a href="http://www.canadotcphar.com/">canadian pharmacy-viagra</a> viagra generic
cialis from.canada <a href="http://www.canadotcphar.com/">canadian pharmacy-viagra</a> viagra generic
-
internet pharmacy Web Site
- November 17, 2022
esv0cakawja substitute viagra <a href="https://lazacode.org/user/jellyjoseph84">canada viagra</a> canadian drug store [url=http://kiki001.com/home.php?mod=space&uid=731211]canada viagra generic[/url] discount cialis
canadian cialis] <a href="https://trade-britanica.trade/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">canada drug superstore</a> discount rx drugs [url=https://sixn.net/home.php?mod=space&uid=428269]order generic viagra[/url] buy cheap generic viagra
order cialis online canada <a href="https://www.301gm.com/home.php?mod=space&uid=53419">discount viagra</a> viagra for men [url=http://aawolf.uh-oh.jp/index.php?berntsengreer459581]canadian drugs without a prescription[/url] canada medications
canadian cialis] <a href="https://trade-britanica.trade/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">canada drug superstore</a> discount rx drugs [url=https://sixn.net/home.php?mod=space&uid=428269]order generic viagra[/url] buy cheap generic viagra
order cialis online canada <a href="https://www.301gm.com/home.php?mod=space&uid=53419">discount viagra</a> viagra for men [url=http://aawolf.uh-oh.jp/index.php?berntsengreer459581]canadian drugs without a prescription[/url] canada medications
-
yvwmxjanjcg Web Site
- November 17, 2022
cheapest viagra prices [url=http://www.canadotcphar.com/]canadian pharmacy - viagra[/url] generic cialis canada pharmacy
viagra coupons <a href="http://www.canadotcphar.com/">www.onlinepharmaciescanada.com</a> non prescription viagra
viagra coupons <a href="http://www.canadotcphar.com/">www.onlinepharmaciescanada.com</a> non prescription viagra
-
www.canadianpharmacymeds.com Web Site
- November 17, 2022
de8makdm6pf viagra 100mg <a href="http://bbs.51pinzhi.cn/home.php?mod=space&uid=3990815">cialis for sale</a> buying viagra [url=https://m.jingdexian.com/home.php?mod=space&uid=647490]www.canadianpharmacymeds.com[/url] buy viagra in canada
prescription prices <a href="http://qooh.me/seateye54">how viagra works</a> viagra prescriptions [url=https://www.authorstream.com/beareye66/]www.canadian pharmacy[/url] generic drugs
cheap viagra canada <a href="http://hubeijm.com/home.php?mod=space&uid=679090">canadian pharmacies without prescription</a> cheap viagra generic [url=http://5zyyy.com/home.php?mod=space&uid=378940]prescriptions from canada[/url] buy viagra online canada pharmacy
prescription prices <a href="http://qooh.me/seateye54">how viagra works</a> viagra prescriptions [url=https://www.authorstream.com/beareye66/]www.canadian pharmacy[/url] generic drugs
cheap viagra canada <a href="http://hubeijm.com/home.php?mod=space&uid=679090">canadian pharmacies without prescription</a> cheap viagra generic [url=http://5zyyy.com/home.php?mod=space&uid=378940]prescriptions from canada[/url] buy viagra online canada pharmacy
-
qzd1wb0cz6x Web Site
- November 17, 2022
bcuyfc3ld5z ordering viagra online <a href="https://www.evilusions.com/forums/users/asiacornet09/">canadian cialis reviews</a> canadian drug [url=https://www.longisland.com/profile/radishshade47]buying prescription drugs from canada[/url] canadian.cialis
drug canada <a href="https://humanlove.stream/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">what is cialis</a> cialis and pharmacy [url=https://jiangzuo888.com/home.php?mod=space&uid=323283]generic latisse for sale[/url] canada pharmacies online viagra
viagra ingredients <a href="http://www.linkagogo.com/go/To?url=113297160">canadian medication</a> alternative to viagra [url=http://www.0471tc.com/home.php?mod=space&uid=299789]canadarx.com[/url] viagra without a doctor prescription canada
drug canada <a href="https://humanlove.stream/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">what is cialis</a> cialis and pharmacy [url=https://jiangzuo888.com/home.php?mod=space&uid=323283]generic latisse for sale[/url] canada pharmacies online viagra
viagra ingredients <a href="http://www.linkagogo.com/go/To?url=113297160">canadian medication</a> alternative to viagra [url=http://www.0471tc.com/home.php?mod=space&uid=299789]canadarx.com[/url] viagra without a doctor prescription canada
-
xzwwiyrq5mz Web Site
- November 17, 2022
ujyysdettxx ed meds online <a href="https://jy58tz.com/home.php?mod=space&uid=475439">no prescription pharmacy</a> wwwcanadianpharmacy.com [url=http://qooh.me/northtailor34]viagra from canada[/url] viagra safe
canada-cialis <a href="https://bookmarksoflife.com/story13501014/exactly-how-to-buy-prescription-drugs-from-a-canadian-pharmacy">cheapest generic viagra</a> buy canadian drugs without prescription [url=https://www.ted.com/profiles/39025404]what happens if a girl takes viagra[/url] buy cheap viagra online uk
generic viagra 100mg <a href="http://hglt.net/home.php?mod=space&uid=808657">ed medications</a> canadian cialis online pharmacy [url=https://learn.centa.org/forums/users/beatrake85/]canadian pharmaceutical[/url] viagra sildenafil
canada-cialis <a href="https://bookmarksoflife.com/story13501014/exactly-how-to-buy-prescription-drugs-from-a-canadian-pharmacy">cheapest generic viagra</a> buy canadian drugs without prescription [url=https://www.ted.com/profiles/39025404]what happens if a girl takes viagra[/url] buy cheap viagra online uk
generic viagra 100mg <a href="http://hglt.net/home.php?mod=space&uid=808657">ed medications</a> canadian cialis online pharmacy [url=https://learn.centa.org/forums/users/beatrake85/]canadian pharmaceutical[/url] viagra sildenafil
-
enguprufvmq Web Site
- November 17, 2022
viagra brand sale <a href="http://yanbodiaoke.com/home.php?mod=space&uid=751281">generic viagra cheap</a> cialis prices [url=https://jinritaoyuan.com/home.php?mod=space&uid=600783]canadian pharmacies generic ed medication[/url] best canadian pharmacies shipping to usa
viagra online canada pharmacy <a href="https://thekiwisocial.com/story13508369/just-how-to-buy-prescription-drugs-from-a-canadian-pharmacy">cialis no prescription</a> order cialis online canada [url=https://aopvp.com/home.php?mod=space&uid=183316]generic cialis canada pharmacy online[/url] viagra results
ckd1h2rvxu9 Web Site- November 18, 2022