▼ 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
generic viagra buy uk <a href="https://sitevigraus.com/ ">100mg sildenafil coupon</a> viagra generic online pharmacy
-
AnioAmows Web Site
- September 16, 2022
ibbjikgz3u5 buy viagra without a prescription <a href="http://pandora.nla.gov.au/external.html?link=http://canadotcphar.com/">canadian prescription drugstore</a> viagra prescription [url=http://52meiss.com/home.php?mod=space&uid=43464]www.northwestpharmacy.com[/url] canadian drug store
canadian online pharmacy for viagra <a href="http://www.jbt4.com/home.php?mod=space&uid=5629847">cialis canadian pharmacies</a> buy pfizer viagra [url=http://www.drugoffice.gov.hk/gb/unigb/canadotcphar.com/]viagra dosages[/url] best viagra
how to buy viagra <a href="https://mengzhibian.cn/home.php?mod=space&uid=31007">ed drugs - canada</a> canadian pharmacy cialis [url=http://xn--g1art7a.xn--p1ai/user/dresswoman4/]cost viagra[/url] cialis cheap
canadian online pharmacy for viagra <a href="http://www.jbt4.com/home.php?mod=space&uid=5629847">cialis canadian pharmacies</a> buy pfizer viagra [url=http://www.drugoffice.gov.hk/gb/unigb/canadotcphar.com/]viagra dosages[/url] best viagra
how to buy viagra <a href="https://mengzhibian.cn/home.php?mod=space&uid=31007">ed drugs - canada</a> canadian pharmacy cialis [url=http://xn--g1art7a.xn--p1ai/user/dresswoman4/]cost viagra[/url] cialis cheap
-
cwioi64ig3q Web Site
- September 16, 2022
ipmbu4yvnd5 buy cialis online in canada <a href="https://fkwiki.win/wiki/Post:Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">canadian drugs viagra</a> viagra for sale [url=http://popmart.cc/space-uid-97266.html]viagra instructions[/url] viagra free samples
can women take viagra <a href="http://goodjobdongguan.com/home.php?mod=space&uid=598198">purchase viagra in canada</a> medications from canada [url=http://brnk.in.ua/user/cottongold8/]viagra women[/url] buy cialis in canada online
genuine viagra <a href="https://www.regs.rw/author/springquiver4/">drugs of canada</a> cialis viagra [url=https://m.jingdexian.com/home.php?mod=space&uid=442185]canadianpharmacy.com[/url] generic cialis in canada
can women take viagra <a href="http://goodjobdongguan.com/home.php?mod=space&uid=598198">purchase viagra in canada</a> medications from canada [url=http://brnk.in.ua/user/cottongold8/]viagra women[/url] buy cialis in canada online
genuine viagra <a href="https://www.regs.rw/author/springquiver4/">drugs of canada</a> cialis viagra [url=https://m.jingdexian.com/home.php?mod=space&uid=442185]canadianpharmacy.com[/url] generic cialis in canada
-
ovitte7l3ga Web Site
- September 16, 2022
ue9tsk6ib3v canadian pharcharmy online without prescription <a href="https://iegygc.com/home.php?mod=space&uid=575247">drug world canada</a> cheap generic viagra online [url=http://seksi-new.ru/user/musclewren4/]cheap viagra[/url] viagra prescription
ordering viagra <a href="http://elita-hotel.ru/user/dealfelony6/">cheap viagra 100mg</a> viagra from a pharmacy in canada [url=https://squareblogs.net/formpunch5/five-facts-about-pharmacy-you-need-to-know]canada cialis[/url] canadian cheap viagra
canadian pill store <a href="https://king-wifi.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">cialis without a doctors prescription</a> drapolene cream [url=http://popmart.cc/space-uid-97281.html]purchase viagra professional[/url] buy viagra from canada pharmacy
ordering viagra <a href="http://elita-hotel.ru/user/dealfelony6/">cheap viagra 100mg</a> viagra from a pharmacy in canada [url=https://squareblogs.net/formpunch5/five-facts-about-pharmacy-you-need-to-know]canada cialis[/url] canadian cheap viagra
canadian pill store <a href="https://king-wifi.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">cialis without a doctors prescription</a> drapolene cream [url=http://popmart.cc/space-uid-97281.html]purchase viagra professional[/url] buy viagra from canada pharmacy
-
timiys7sngw Web Site
- September 16, 2022
jo1ftk7h0fp order viagra without prescription <a href="https://www.folkd.com/submit/http://canadotcphar.com//">cialis without a prescription</a> cheap cialis [url=https://zaozhi110.com/home.php?mod=space&uid=419515]is there a generic for cialis?[/url] best price on cialis
buy viagra online without prescription <a href="https://arto-usolie.ru/user/formmark3/">cheap generic viagra</a> buy cialis online canada pharmacy [url=https://forum.umbandaeucurto.com/usuario/rabbitbonsai4]cialis on canadian pharmacy[/url] cheap viagra in canada
pharmacy rx one <a href="https://unsplash.com/@turnjaguar9">viagra free samples</a> cheap viagra 100mg [url=https://odolbodol.shop/index.php?page=user&action=pub_profile&id=2344409]viagra sildenafil[/url] buy brand cialis online canada
buy viagra online without prescription <a href="https://arto-usolie.ru/user/formmark3/">cheap generic viagra</a> buy cialis online canada pharmacy [url=https://forum.umbandaeucurto.com/usuario/rabbitbonsai4]cialis on canadian pharmacy[/url] cheap viagra in canada
pharmacy rx one <a href="https://unsplash.com/@turnjaguar9">viagra free samples</a> cheap viagra 100mg [url=https://odolbodol.shop/index.php?page=user&action=pub_profile&id=2344409]viagra sildenafil[/url] buy brand cialis online canada
-
pizvqe5vlhh Web Site
- September 16, 2022
taxejjbzsik canadian pharmacy online viagra <a href="https://www.haoyouhuiba.com/space-uid-511941.html">generic cialis canada pharmacy online</a> viagra alternative [url=http://popmart.cc/space-uid-97281.html]cialis online from canada[/url] canadian-pharcharmy
viagra order <a href="https://independent.academia.edu/ErikssonVang">canada pharmacies</a> list of canada online pharmacies [url=https://myemotion.faith/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]cialis lowest price[/url] viagra.com canada
viagra without a doctor prescription <a href="https://bybak.com/home.php?mod=space&uid=436102">effects of viagra</a> approved canadian pharmacies online [url=https://timeoftheworld.date/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]cheap cialis online canada pharmacy[/url] costco pharmacy
viagra order <a href="https://independent.academia.edu/ErikssonVang">canada pharmacies</a> list of canada online pharmacies [url=https://myemotion.faith/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]cialis lowest price[/url] viagra.com canada
viagra without a doctor prescription <a href="https://bybak.com/home.php?mod=space&uid=436102">effects of viagra</a> approved canadian pharmacies online [url=https://timeoftheworld.date/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]cheap cialis online canada pharmacy[/url] costco pharmacy
-
zzaqtobhpiy Web Site
- September 15, 2022
cialis package insert <a href="https://getcilispw.com/ ">tadalafil online sublingual</a> buy cialis 20 mg
-
Ntvcgaima Web Site
- September 15, 2022
lwy0unsopwz alternative viagra <a href="http://www.pearltrees.com/backwren5">generic cialis in canada</a> canada drug stores [url=http://feiyanwang.cn/home.php?mod=space&uid=278290]viagra prices[/url] canadian pills online
cialis in canadian pharmacies <a href="https://www.zhen4k.com/space-uid-65214.html">india pharmacy</a> cialis-canadian pharmacy [url=http://pandora.nla.gov.au/external.html?link=http://canadotcphar.com/]generic cialis in canada[/url] cialis canadian
list of canada online pharmacies <a href="http://games-ba.ru/user/goalbonsai0/">viagra for women</a> canada drug [url=http://pandora.nla.gov.au/external.html?link=http://canadotcphar.com/]canadian pharmacy cialis for daily use[/url] can women take viagra
cialis in canadian pharmacies <a href="https://www.zhen4k.com/space-uid-65214.html">india pharmacy</a> cialis-canadian pharmacy [url=http://pandora.nla.gov.au/external.html?link=http://canadotcphar.com/]generic cialis in canada[/url] cialis canadian
list of canada online pharmacies <a href="http://games-ba.ru/user/goalbonsai0/">viagra for women</a> canada drug [url=http://pandora.nla.gov.au/external.html?link=http://canadotcphar.com/]canadian pharmacy cialis for daily use[/url] can women take viagra
-
zna6iwht1lm Web Site
- September 15, 2022
ir1jcsswwbg canadian rx <a href="https://king-wifi.win/wiki/Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">overnight viagra</a> viagra pills [url=https://www.instapaper.com/p/dancerframe4]generic viagra 100mg[/url] ed meds online
medication canada <a href="https://securityholes.science/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">canadian online drugstore</a> viagra facts [url=http://zvezdjuchki.ru/user/turndrink8/]discount viagra[/url] canadian pharmacy online
canadian pharmacies without prescription <a href="http://liumeiti.top/home.php?mod=space&uid=4828815">prescription drugs from canada prices</a> purchase viagra [url=https://godoorway.com/home.php?mod=space&uid=160970]viamedic .com[/url] canadian.cialis
medication canada <a href="https://securityholes.science/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">canadian online drugstore</a> viagra facts [url=http://zvezdjuchki.ru/user/turndrink8/]discount viagra[/url] canadian pharmacy online
canadian pharmacies without prescription <a href="http://liumeiti.top/home.php?mod=space&uid=4828815">prescription drugs from canada prices</a> purchase viagra [url=https://godoorway.com/home.php?mod=space&uid=160970]viamedic .com[/url] canadian.cialis
-
oj78unzt94x Web Site
- September 15, 2022
zyxpywflscf online prescription drugs <a href="http://www.drugoffice.gov.hk/gb/unigb/canadotcphar.com/">canadianpharmacymeds.com</a> viagra sales online [url=https://www.yhkw88.cn/home.php?mod=space&uid=430801]is generic viagra safe[/url] online viagra prescription
women viagra <a href="https://yogicentral.science/wiki/Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">cost of viagra</a> viagra without a doctor prescription [url=https://kolubarskioglasi.online/author/sinkframe5/]best generic viagra[/url] viagra buy
buy cheap viagra online <a href="https://spinalhub.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">cialis canadian pharmacy's</a> generic viagra india [url=https://forum.umbandaeucurto.com/usuario/rabbitbonsai4]www.canadianpharmacymeds.com[/url] viagra online without prescription
women viagra <a href="https://yogicentral.science/wiki/Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">cost of viagra</a> viagra without a doctor prescription [url=https://kolubarskioglasi.online/author/sinkframe5/]best generic viagra[/url] viagra buy
buy cheap viagra online <a href="https://spinalhub.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">cialis canadian pharmacy's</a> generic viagra india [url=https://forum.umbandaeucurto.com/usuario/rabbitbonsai4]www.canadianpharmacymeds.com[/url] viagra online without prescription
-
qhavtt9o6c3 Web Site
- September 15, 2022
svj1yu7sa51 viagra prescription online <a href="https://squareblogs.net/rabbitbail7/how-to-buy-prescription-drugs-from-a-canadian-pharmacy">viagra canadian pharmacy</a> viagra free sample [url=https://site-8471158-3818-881.mystrikingly.com/blog/just-how-to-buy-prescription-drugs-from-a-canadian-pharmacy]onlinepharmacy.com[/url] canada drug store
viagra in india <a href="https://www.ivnew.com/home.php?mod=space&uid=178770">northwestpharmacy.com canada</a> cialis-canada [url=http://cvpvm09.ru/user/guideseed5/]viamedic .com[/url] viagra generic
best online pharmacies <a href="https://dsred.com/home.php?mod=space&uid=362923">natural viagra</a> canada rx pharmacy [url=https://www.cloudflare.com?utm_source=challenge&utm_campaign=j]ordering viagra online without prescription[/url] canadiandrugstore.com
viagra in india <a href="https://www.ivnew.com/home.php?mod=space&uid=178770">northwestpharmacy.com canada</a> cialis-canada [url=http://cvpvm09.ru/user/guideseed5/]viamedic .com[/url] viagra generic
best online pharmacies <a href="https://dsred.com/home.php?mod=space&uid=362923">natural viagra</a> canada rx pharmacy [url=https://www.cloudflare.com?utm_source=challenge&utm_campaign=j]ordering viagra online without prescription[/url] canadiandrugstore.com
-
guzculfp5i7 Web Site
- September 15, 2022
uwunaiqtrfi canadian online pharmacy for cialis <a href="http://51newyork.com/home.php?mod=space&uid=179957">how to take viagra</a> india pharmacy viagra [url=http://wxcw99.com/home.php?mod=space&uid=132840]cialis without a prescription[/url] shopping online canada
viagra alcohol <a href="http://80.82.64.206/user/goalblue0">viagra dosages</a> meds canada [url=http://hm5.cn/space-uid-468021.html]getcanadiandrugs .com[/url] canadian pharcharmy's
natural viagra <a href="https://opensourcebridge.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">canada drugs</a> viagra 100mg price [url=https://mapleol.com/home.php?mod=space&uid=299261]shopping online canada[/url] ordering viagra online
viagra alcohol <a href="http://80.82.64.206/user/goalblue0">viagra dosages</a> meds canada [url=http://hm5.cn/space-uid-468021.html]getcanadiandrugs .com[/url] canadian pharcharmy's
natural viagra <a href="https://opensourcebridge.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">canada drugs</a> viagra 100mg price [url=https://mapleol.com/home.php?mod=space&uid=299261]shopping online canada[/url] ordering viagra online
-
sg4mnffh9kq Web Site
- September 15, 2022
zo78fz0zl4x baclofen <a href="https://www.pingguobbs.com/home.php?mod=space&uid=103141">by pills from canada</a> cialis coupon for pharmacy [url=https://www.pinterest.com/talkblue8/]viagra sale[/url] viagra generic online
cheap generic drugs <a href="https://devpost.com/savelev-daniil-2018">lowest price viagra</a> viagra cost [url=https://king-wifi.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]viagra sales online[/url] free samples canada
canadian pharmacies generic ed medication <a href="https://poigrala.ru/user/icebonsai0/">discount tadalafil</a> walmart viagra price [url=https://ccm.net/profile/user/rabbitplough7]cialis usa pharmacy[/url] generic viagra online
cheap generic drugs <a href="https://devpost.com/savelev-daniil-2018">lowest price viagra</a> viagra cost [url=https://king-wifi.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]viagra sales online[/url] free samples canada
canadian pharmacies generic ed medication <a href="https://poigrala.ru/user/icebonsai0/">discount tadalafil</a> walmart viagra price [url=https://ccm.net/profile/user/rabbitplough7]cialis usa pharmacy[/url] generic viagra online
-
skr9m4lxg6t Web Site
- September 15, 2022
aayiulemmjn viagra canada <a href="https://www.carhubsales.com.au/user/profile/688772">cialis for sale</a> buy cialis online canada pharmacy [url=https://linkgeanie.com/profile/blackstamp5]cialis no prescription[/url] viagra from canadian pharmacy
highest rated canadian pharmacies <a href="https://www.dongeren.cn/home.php?mod=space&uid=10873040">viagra canadian pharmacy</a> canadian pharmacy com [url=http://mnogootvetov.ru/user/sizeplough1]free viagra samples[/url] calis
canada walmart <a href="https://myspace.com/turndoll3">discount viagra online</a> genuine viagra [url=http://efootballtips.pro/home.php?mod=space&uid=789014]buying prescription drugs from canada[/url] medication prices
highest rated canadian pharmacies <a href="https://www.dongeren.cn/home.php?mod=space&uid=10873040">viagra canadian pharmacy</a> canadian pharmacy com [url=http://mnogootvetov.ru/user/sizeplough1]free viagra samples[/url] calis
canada walmart <a href="https://myspace.com/turndoll3">discount viagra online</a> genuine viagra [url=http://efootballtips.pro/home.php?mod=space&uid=789014]buying prescription drugs from canada[/url] medication prices
-
nsmst44loyo Web Site
- September 15, 2022
canadian pharmacy online <a href="https://www.pingguobbs.com/home.php?mod=space&uid=103169">canadian pharmacy online viagra</a> costco online [url=http://cvpvm09.ru/user/guideseed5/]online pharmacy without prescription[/url] viagra samples free
calis <a href="https://99ff.top/home.php?mod=space&uid=257920">viagra doses</a> viagra prescription from canada [url=https://11vue.com/home.php?mod=space&uid=214928]viagra 100mg price[/url] viagra instructions
pwq2rg4j6nj Web Site- September 16, 2022