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

axdkyd3swy0 cialis online canada pharmacy <a href="http://youxi2020.cn/home.php?mod=space&uid=1706419">lowest prescription prices</a> tadalafil generic best prices [url=https://atavi.com/share/vlmh3uz9fsxa]viagra without a doctor prescription canada[/url] natural substitute for viagra
order viagra online <a href="https://www.dongeren.cn/home.php?mod=space&uid=10873043">northwest canadian pharcharmy online</a> online pharmacies canada [url=https://unsplash.com/@turnjaguar9]drugs canada[/url] canadian drugs viagra
viagra testimonials <a href="http://vipersrc.com/home.php?mod=space&uid=166691">prescription codes</a> cialis of canada [url=https://www.mashaleilm.com/user/sizeocean4]calis[/url] viagra without a doctor prescription in canada
    dbbyxgub677 Web Site
  • September 24, 2022
tnrxsf8vku8 cialis online pharmacy <a href="https://chaomianzhu.cn/home.php?mod=space&uid=407790">canadian prescription drugs</a> canadian rx pharmacy [url=http://bbs.2016xiaozhuge.com/home.php?mod=space&uid=7529057]canada pharmacy cialis[/url] universal drugstore
viagra 100mg <a href="https://mak86.ml/home.php?mod=space&uid=580326">cialis at canadian pharmacy</a> canadian pharmacies generic drugs online [url=https://www.instapaper.com/p/dogshake1]cheap viagra for sale[/url] canadian pharmacy for cialis
viagra pro <a href="http://1.ws867.com/home.php?mod=space&uid=1410651">drug prices</a> viagra buy now [url=http://www.bbs188.net/home.php?mod=space&uid=230878]cialis canada[/url] canadian pharmacies viagra
    ndp9vs5bxha Web Site
  • September 24, 2022
unnwi6ra9nv drugs from canada <a href="http://cafelimoncello.by/user/dressrefund0/">canadian drug store</a> viagra coupon [url=https://motogpdb.racing/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]canada online pharmacy viagra[/url] wwwcanadianpharmacy.com
cialis best price <a href="https://puppyblouse4.doodlekit.com/blog/entry/22249236/five-facts-about-pharmacy-you-need-to-know">sildenafil generic</a> viagra canadian pharmacy [url=http://www.linkagogo.com/go/To?url=113009410]viagra pharmacy[/url] canadian pharmacy viagra
low price cialis <a href="http://ask.bacagadget.com/user/sinkgold3">getcanadiandrugs .com</a> viagra plus [url=https://www.pearltrees.com/dogdrink5/item456870465]rx meds[/url] price for cialis in canada
    zkbnecssxfs Web Site
  • September 24, 2022
nrknfesfngl canadian rx prices <a href="https://www.pinterest.com/dealdust3/">viagra overnight</a> canada meds [url=http://finhoz09.ru/user/turnchin1/]buy viagra without prescription canada[/url] online pharmacy usa
meds canada <a href="https://www.6isf.com/space-uid-647273.html">order cialis</a> canada viagra generic [url=https://dangersubway5.wordpress.com/2022/08/16/five-facts-about-pharmacy-you-need-to-know/]genuine viagra[/url] canada prescription
tadalafil canada <a href="http://80.82.64.206/user/dogstamp9">www.onlinepharmaciescanada.com</a> viagra without a doctor prescription from canada [url=https://www.hulkshare.com/cottonseed6]5mg cialis[/url] can women take viagra
    ohivldpf660 Web Site
  • September 24, 2022
vy2ff3jqdgw viagra side effects <a href="https://community.windy.com/user/springdust7">viagra prescription</a> viagra coupon [url=https://gm56.com/home.php?mod=space&uid=175736]viagra cost[/url] www.northwestpharmacy.com
ordering medications from canada <a href="https://microschools.com/forums/users/blacktime6/">generic cialis in canada</a> canadian rx prices [url=http://www.4mark.net/login.aspx?nexturl=%2faddlink.aspx%3f]viagra best price[/url] cost of viagra
viagra online order <a href="http://cafelimoncello.by/user/cottonpunch4/">generic cialis canadian</a> canadian pharmacy without a prescription [url=https://www.catchypress.com/index.php?qa=user&qa_1=sizepunch3]buy viagra australia[/url] viagra sale
    xrrkbfvheuk Web Site
  • September 24, 2022
esspshtuevt viagra prescription <a href="https://championsleage.review/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">best viagra</a> viagra samples [url=https://controlc.com/f4e14310]canadameds.com[/url] generic pharmacy india
viagra from india <a href="http://ctor.com.ua/user/oxgold8/">cialis generic canada</a> canadian prescription drugstore [url=https://splice.com/turngemini1]online pharmacy without prescription[/url] lowest cost cialis
cialis or generic canada <a href="http://util71.ru/user/musclewren4/">herbal viagra</a> sildenafil canada [url=http://7umb.com/home.php?mod=space&uid=112538]cialis generic[/url] canadian-drugstore
    ttjzbqhla8c Web Site
  • September 24, 2022
<a href="https://safecanadianpharm.com/">canadian pharmaceuticals online reviews</a>
https://safecanadianpharm.com/
[url=https://safecanadianpharm.com/]get canadian drugs[/url]
    canadian pharmaceuticals for usa sales Web Site
  • September 24, 2022
qgwots9kive viagra ingredients <a href="https://www.rizhaoyouxuan.com/home.php?mod=space&uid=410934">viagra in canada</a> where can i get viagra without a prescription [url=https://www.zotero.org/guideseed7/cv]viagra prescription from canada[/url] viagra over the counter
viagra soft tabs <a href="http://lin8888.com/space-uid-982465.html">pharmacy rx one</a> online canadian pharmacy [url=http://huanma01.vip/home.php?mod=space&uid=776146]is there a generic cialis[/url] buy generic cialis canadian pharmacy
supermarket near me <a href="https://www.pinterest.com/oxsubway8/">generic cialis canada pharmacy online</a> cialis or generic canada [url=https://www79.zippyshare.com/v/jl9erNew/file.html]canadian pharmacy meds[/url] canada pharmacies online viagra
    rnd0qr1cdur Web Site
  • September 24, 2022
ek2kli4akvb canadianpharmacy.com <a href="http://goddessxuan2.com/home.php?mod=space&uid=272090">canada drug superstore</a> natural alternative to viagra [url=http://ctor.com.ua/user/rangeshake4/]cheap cialis from canada[/url] brand viagra online canada pharmacy
buy viagra online without prescription <a href="http://www.ccwzz8.com/space-uid-1339041.html">cialis from canadian pharmacy</a> by pills from canada [url=https://www.fcc.gov/fcc-bin/bye?http://canadotcphar.com/]pharma from canada[/url] ed pills online
cialis without a prescription <a href="http://wiki.goldcointalk.org/index.php?title=Five_Facts_About_Pharmacy_You_Need_to_Know">cialis canadian pharmacy's</a> cheap viagra for sale [url=http://eng.prokatavtomobil.by/user/sinkshake9/]online rx[/url] cialis canada online pharmacy
    mbi8jl6rye0 Web Site
  • September 24, 2022
pi0uread50b viagra over the counter <a href="https://notes.io/qaesQ">canada viagra</a> best canadian pharcharmy online [url=http://www.sectionaltitlecentre.co.za/members/sinkbail2/activity/111178/]pfizer viagra[/url] prescription for cialis
viagra from canadian pharmacy <a href="http://osido.win/home.php?mod=space&uid=43499">best canadian pharmacies shipping to usa</a> generic pharmacy india [url=https://kikipedia.win/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]lowest price viagra[/url] viagra patent expiration
viagra mail order <a href="http://86x.org/home.php?mod=space&uid=1452643">what is viagra used for</a> free viagra samples [url=https://sciencewiki.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]drugs of canada[/url] viagra online without prescription
    ghcia8xq8ch Web Site
  • September 24, 2022
nlj3r8qioe6 ordering medications from canada <a href="http://moscow-forest.ru/user/turnblouse0/">online pharmacy canada</a> cheap viagra from canada [url=https://kolubarskioglasi.online/author/puppyshake8/]canadian pharcharmy online cialis[/url] canadian drugs viagra
pharmacy rx one 60 mg cialis <a href="http://afghanbazar.com/jobs/advertising-public-relations">purchase cialis from canada</a> buy viagra online uk [url=https://unsplash.com/@sanddust5]online canadian pharmacies[/url] viagra forum
viagra india pharmacy <a href="http://www.touzichaoshius.com/home.php?mod=space&uid=1036794">canadian pharmacy with viagra</a> pfizer viagra [url=https://www.kickstarter.com/profile/529634879/about]viagra and women[/url] viagra wikipedia
    ta3ubb3wx4t Web Site
  • September 23, 2022
cialis max dose <a href="https://rockcilis.com/ ">where to buy liquid cialis</a> cialis online without prescription
    JpplNulajagma Web Site
  • September 19, 2022
cialis strips <a href="https://needscilis.com/ ">cialis online no prior prescription</a> over the counter cialis
    Ewxrtsaisa Web Site
  • September 19, 2022
cialis buy on line <a href="https://upupcilis.com/ ">how long does it take for cialis to take effect</a> cialis generic 2017
tadalafil alcohol <a href="https://getcilispw.com/ ">walmart cialis pharmacy</a> buycialis

Trackback (You need to login.)