▼ 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
ic6gfe3ddvl female viagra <a href="https://www.ealimalhulul.com/user/formplough4">generic viagra rx</a> canadian online pharmacy cialis [url=https://aroundsuannan.ssru.ac.th/index.php?action=profile;area=forumprofile;u=6652485]does viagra work[/url] viagra 100mg price
legitimate online pharmacies india <a href="http://hglt.net/home.php?mod=space&uid=559107">cheap generic viagra</a> candida viagra [url=http://yanbodiaoke.com/home.php?mod=space&uid=528302]free viagra samples[/url] meds canada
generic female viagra <a href="http://voprosi-otveti.ru/user/puppybonsai7">canadian pharmacy viagra</a> viagra wiki [url=https://postheaven.net/talkchin4/just-how-to-buy-prescription-drugs-from-a-canadian-pharmacy]viagra online generic[/url] canadianpharmacymeds.com
legitimate online pharmacies india <a href="http://hglt.net/home.php?mod=space&uid=559107">cheap generic viagra</a> candida viagra [url=http://yanbodiaoke.com/home.php?mod=space&uid=528302]free viagra samples[/url] meds canada
generic female viagra <a href="http://voprosi-otveti.ru/user/puppybonsai7">canadian pharmacy viagra</a> viagra wiki [url=https://postheaven.net/talkchin4/just-how-to-buy-prescription-drugs-from-a-canadian-pharmacy]viagra online generic[/url] canadianpharmacymeds.com
-
bzlwf36h18z Web Site
- September 11, 2022
kp2jmnuqp66 cialis from.canada <a href="https://bezvoprosa.ru/user/stoolgemini5">online viagra prescription</a> calais pills from canada [url=https://www79.zippyshare.com/v/jl9erNew/file.html]pharmacy viagra[/url] pharmacy viagra
canadian drugs without a prescription <a href="https://sciencewiki.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">generic viagra from canada</a> ordering viagra online [url=https://98e.fun/space-uid-3030534.html]canada drug pharmacy[/url] viagra professional
viagra from canadian pharmacy <a href="http://lzrs4.com/home.php?mod=space&uid=294088">cialis no prescription</a> canadian-drugstore [url=http://adujita.com/home.php?mod=space&uid=1069237]online canadian pharcharmy[/url] canadian-medications
canadian drugs without a prescription <a href="https://sciencewiki.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">generic viagra from canada</a> ordering viagra online [url=https://98e.fun/space-uid-3030534.html]canada drug pharmacy[/url] viagra professional
viagra from canadian pharmacy <a href="http://lzrs4.com/home.php?mod=space&uid=294088">cialis no prescription</a> canadian-drugstore [url=http://adujita.com/home.php?mod=space&uid=1069237]online canadian pharcharmy[/url] canadian-medications
-
ul2llt6h8zn Web Site
- September 11, 2022
buy generic viagra in india <a href="https://newvigraed.com/ ">buy online viagra tablets</a> viagra for women australia
-
AnrxAmows Web Site
- September 11, 2022
qionhmgpzs3 cialis in canadian pharmacies <a href="http://wiki.seds.org/index.php?title=Five_Facts_About_Pharmacy_You_Need_to_Know">viagra brand for sale</a> generic cialis canada [url=https://www.6isf.com/space-uid-647244.html]viagra soft[/url] online drugs
price of cialis <a href="https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=http://canadotcphar.com/">viagra sildenafil</a> viagra canada with prescription [url=http://gm6699.com/home.php?mod=space&uid=373602]viagra wiki[/url] canadadrugsonline.com
do you need a prescription for viagra in canada <a href="http://board.scadminpanel.de/member.php?action=profile&uid=335680">buy cialis in canada</a> best canadian online pharmacy reviews [url=http://mbaika.ru/user/sinkwoman2/]list of canada online pharmacies[/url] buy viagra
price of cialis <a href="https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=http://canadotcphar.com/">viagra sildenafil</a> viagra canada with prescription [url=http://gm6699.com/home.php?mod=space&uid=373602]viagra wiki[/url] canadadrugsonline.com
do you need a prescription for viagra in canada <a href="http://board.scadminpanel.de/member.php?action=profile&uid=335680">buy cialis in canada</a> best canadian online pharmacy reviews [url=http://mbaika.ru/user/sinkwoman2/]list of canada online pharmacies[/url] buy viagra
-
hbqut5fy5r3 Web Site
- September 11, 2022
vl9ht4pmh4k buy drugs <a href="https://pediascape.science/wiki/Exactly_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">cialis pharmacy</a> cialis from canada? [url=https://championsleage.review/wiki/Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]canadian pharmacy no prescription[/url] prescription drugs canada
buy cheap viagra online <a href="https://controlc.com/f4e14310">cialis - canada</a> india generic viagra [url=https://togetherautos.com/home.php?mod=space&uid=447210]buy viagra uk[/url] viagra without a doctor prescription from canada
cialis-canadian pharmacy <a href="http://xn----8sbec1b1ad1ae2f.xn--90ais/user/musclefelony2/">canada pharmacy viagra</a> viagra patent expiration date [url=https://bandit400.ru/user/rabbitmark9/]cialis canadian pharmacy[/url] cialis in canada
buy cheap viagra online <a href="https://controlc.com/f4e14310">cialis - canada</a> india generic viagra [url=https://togetherautos.com/home.php?mod=space&uid=447210]buy viagra uk[/url] viagra without a doctor prescription from canada
cialis-canadian pharmacy <a href="http://xn----8sbec1b1ad1ae2f.xn--90ais/user/musclefelony2/">canada pharmacy viagra</a> viagra patent expiration date [url=https://bandit400.ru/user/rabbitmark9/]cialis canadian pharmacy[/url] cialis in canada
-
pfcuq90xzwu Web Site
- September 11, 2022
jgg0b7uimcp canadian online pharmacy cialis <a href="https://www.file-upload.com/wd0trok27rl7">natural viagra substitute</a> indian pharma [url=https://myemotion.faith/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]canadian online drugstore[/url] viagra mail order
prescription drugs from canada <a href="http://2345eny.com/home.php?mod=space&uid=292326">canadian drug</a> viagra online from canada [url=http://ezproxy.cityu.edu.hk/login?url=http://canadotcphar.com/]viagra samples free[/url] cost of cialis
cialis from canadian <a href="https://cutt.ly/GXhvH6q">order cialis from canada</a> cialis no prescription [url=https://telegra.ph/How-to-Buy-Prescription-Drugs-From-a-Canadian-Pharmacy-08-16]buy cialis online[/url] viagra 100mg price
prescription drugs from canada <a href="http://2345eny.com/home.php?mod=space&uid=292326">canadian drug</a> viagra online from canada [url=http://ezproxy.cityu.edu.hk/login?url=http://canadotcphar.com/]viagra samples free[/url] cost of cialis
cialis from canadian <a href="https://cutt.ly/GXhvH6q">order cialis from canada</a> cialis no prescription [url=https://telegra.ph/How-to-Buy-Prescription-Drugs-From-a-Canadian-Pharmacy-08-16]buy cialis online[/url] viagra 100mg price
-
yvf6ynpb723 Web Site
- September 11, 2022
iqq7g8jsjnj online viagra <a href="https://bvtt-tphcm.org.vn/cau-hoi/just-how-to-buy-prescription-drugs-from-a-canadian-pharmacy-2/">how much does cialis cost in canada</a> viagra over the counter [url=https://spamdb.science/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]viagra costs[/url] buy viagra no prescription
sildenafil canada <a href="https://urlscan.io/result/0c4787c4-e54e-4925-9115-90194fa24adf/">buy pfizer viagra</a> meds canada [url=https://m.jingdexian.com/home.php?mod=space&uid=442198]canadianpharmacy.com[/url] viagra from a pharmacy in canada
buying viagra in canada <a href="https://poigrala.ru/user/guidegemini2/">viagra buy</a> cvs pharmacy [url=https://bit.ly/3A1GzxW+]online pharmacies in usa[/url] cost of cialis
sildenafil canada <a href="https://urlscan.io/result/0c4787c4-e54e-4925-9115-90194fa24adf/">buy pfizer viagra</a> meds canada [url=https://m.jingdexian.com/home.php?mod=space&uid=442198]canadianpharmacy.com[/url] viagra from a pharmacy in canada
buying viagra in canada <a href="https://poigrala.ru/user/guidegemini2/">viagra buy</a> cvs pharmacy [url=https://bit.ly/3A1GzxW+]online pharmacies in usa[/url] cost of cialis
-
vt1te8uaw41 Web Site
- September 11, 2022
gbohqcrp6co cialis cheap <a href="https://menwiki.men/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">canadian generic viagra</a> viagra india pharmacy [url=https://xn----pmcnc1cq0jcocfk73o.com/user/springpunch1]canadian-pharmacy-online[/url] generic viagra free shipping
cialis- canadian pharmacy <a href="https://peatix.com/user/13264103">viagra coupons</a> viagra coupon [url=https://kolubarskioglasi.online/author/sinkframe5/]viagra reviews[/url] viagra ingredients
india pharmacy viagra <a href="http://kb978.com/space-uid-1084048.html">canadian pharmacy no prescription</a> canadian pharmacy viagra [url=https://kokopage.com/index.php?page=item&action=item_add]viagra for women[/url] canadian pharmacies without prescriptions
cialis- canadian pharmacy <a href="https://peatix.com/user/13264103">viagra coupons</a> viagra coupon [url=https://kolubarskioglasi.online/author/sinkframe5/]viagra reviews[/url] viagra ingredients
india pharmacy viagra <a href="http://kb978.com/space-uid-1084048.html">canadian pharmacy no prescription</a> canadian pharmacy viagra [url=https://kokopage.com/index.php?page=item&action=item_add]viagra for women[/url] canadian pharmacies without prescriptions
-
imxgzrtorq9 Web Site
- September 11, 2022
bmmdkcxkrxq cheap celias <a href="https://escatter11.fullerton.edu/nfs/show_user.php?userid=2456354">viagra and alcohol</a> canadian pharmacy online viagra [url=http://umanfootball.com.ua/user/parcelblouse6/]about canadian drug companies[/url] viagra at canadian pharmacy
viagra erections <a href="http://6uzy.com/home.php?mod=space&uid=444692">low price viagra</a> canadian generic viagra [url=https://fkwiki.win/wiki/Post:Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]canada online drugs[/url] cialis in canada
online medications <a href="http://games-ba.ru/user/rabbitsubway2/">canadian pill store</a> viagra generic brand [url=http://tanhuaba.xyz/home.php?mod=space&uid=6003497]canadian pharmacy for cialis[/url] cialis in canada
viagra erections <a href="http://6uzy.com/home.php?mod=space&uid=444692">low price viagra</a> canadian generic viagra [url=https://fkwiki.win/wiki/Post:Just_How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]canada online drugs[/url] cialis in canada
online medications <a href="http://games-ba.ru/user/rabbitsubway2/">canadian pill store</a> viagra generic brand [url=http://tanhuaba.xyz/home.php?mod=space&uid=6003497]canadian pharmacy for cialis[/url] cialis in canada
-
fs0ubmgeoqf Web Site
- September 10, 2022
arqpkvpo2wr cialis in canada <a href="https://aityaa.com/space-uid-82137.html">canada online pharmacy</a> calais pills from canada [url=http://onlinetutors.group/?qa=user/stoolskirt9]india generic viagra[/url] prescriptions canada
generic viagra canada <a href="https://writeablog.net/dancerskirt9/five-facts-about-pharmacy-you-need-to-know">viagra from canada</a> viagra use [url=http://www.synthedit.com/qa/user/rabbittime1]is generic viagra safe[/url] pharmacy rx one
buy cheap viagra <a href="https://www.truthmall.com/home.php?mod=space&uid=109348">online generic viagra</a> cialis low price [url=https://www.yhkw88.cn/home.php?mod=space&uid=430787]viagra forum[/url] uk viagra sales
generic viagra canada <a href="https://writeablog.net/dancerskirt9/five-facts-about-pharmacy-you-need-to-know">viagra from canada</a> viagra use [url=http://www.synthedit.com/qa/user/rabbittime1]is generic viagra safe[/url] pharmacy rx one
buy cheap viagra <a href="https://www.truthmall.com/home.php?mod=space&uid=109348">online generic viagra</a> cialis low price [url=https://www.yhkw88.cn/home.php?mod=space&uid=430787]viagra forum[/url] uk viagra sales
-
od7vpmpmof7 Web Site
- September 10, 2022
olgdbfgebov prescription drugs from canada prices <a href="https://picomart.trade/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">canadian meds</a> canadian prescription drugs [url=http://www.jrl7.com/space-uid-504216.html]5mg cialis[/url] cialis on canada
canadian pharmacies shipping usa <a href="http://lrmoli.com/home.php?mod=space&uid=97103">viagra without a doctor prescription in canada</a> canadianpharmacy.com [url=https://moparwiki.win/wiki/Post:How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]viagra generic brand[/url] viagra patent expiration
viagra from canada pharmacy <a href="https://www.gobytrucknews.com/forums/users/musclemark0/edit">canada drug store</a> how much is viagra [url=https://driverpoisk.ru/user/turnmark9]alternative to viagra[/url] canada rx
canadian pharmacies shipping usa <a href="http://lrmoli.com/home.php?mod=space&uid=97103">viagra without a doctor prescription in canada</a> canadianpharmacy.com [url=https://moparwiki.win/wiki/Post:How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]viagra generic brand[/url] viagra patent expiration
viagra from canada pharmacy <a href="https://www.gobytrucknews.com/forums/users/musclemark0/edit">canada drug store</a> how much is viagra [url=https://driverpoisk.ru/user/turnmark9]alternative to viagra[/url] canada rx
-
oe5ckj5wftb Web Site
- September 10, 2022
zcxexd1oft2 medicine from canada <a href="https://peatix.com/user/13264201">buy brand cialis online canada</a> generic brand viagra [url=http://5zyyy.com/home.php?mod=space&uid=332202]viagra canada[/url] canadian pharmacy - cialis
natural alternative to viagra <a href="http://spectr-sb116.ru/user/kissgold9/">viagra-canada</a> purchase viagra professional [url=http://www.ca-mediators.net/user/turndoll0/]viagra price[/url] natural viagra alternatives
viagra jelly <a href="https://pastelink.net/02spnu4k">canadian drugs</a> when will viagra go generic [url=https://www.ebaybbs.com/space-uid-530750.html]cialis - canada[/url] buy viagra online
natural alternative to viagra <a href="http://spectr-sb116.ru/user/kissgold9/">viagra-canada</a> purchase viagra professional [url=http://www.ca-mediators.net/user/turndoll0/]viagra price[/url] natural viagra alternatives
viagra jelly <a href="https://pastelink.net/02spnu4k">canadian drugs</a> when will viagra go generic [url=https://www.ebaybbs.com/space-uid-530750.html]cialis - canada[/url] buy viagra online
-
nz6yvevp7nw Web Site
- September 10, 2022
elbstewujfb best price viagra <a href="http://goddessxuan2.com/home.php?mod=space&uid=272087">alternative viagra</a> viagra cialis [url=https://www.pinterest.com/talkblue8/]effects of viagra[/url] supermarket near me
canada online pharmacy viagra <a href="http://dudoser.com/user/platebonsai2/">online pharmacies without prescription</a> cialis in canadian pharmacies [url=http://8kbg.com/home.php?mod=space&uid=273380]viagra cost[/url] cialis over the counter canada
cost of cialis at walmart <a href="https://www.kickstarter.com/profile/631446093/about">does viagra work for women</a> www.northwestpharmacy.com [url=https://al3rbi.net/user/formgold6]viagra buy[/url] cheap viagra for sale
canada online pharmacy viagra <a href="http://dudoser.com/user/platebonsai2/">online pharmacies without prescription</a> cialis in canadian pharmacies [url=http://8kbg.com/home.php?mod=space&uid=273380]viagra cost[/url] cialis over the counter canada
cost of cialis at walmart <a href="https://www.kickstarter.com/profile/631446093/about">does viagra work for women</a> www.northwestpharmacy.com [url=https://al3rbi.net/user/formgold6]viagra buy[/url] cheap viagra for sale
-
fzc9ty5u1g0 Web Site
- September 10, 2022
hq1igszokpe buy viagra uk <a href="http://gm6699.com/home.php?mod=space&uid=373601">cheap viagra canadian</a> indian pharma [url=http://btb.club/space-uid-219377.html]cialis over the counter canada[/url] canadian generic cialis
viagra online canada pharmacy <a href="https://independent.academia.edu/ErikssonVang">canada online pharmacy viagra</a> alternative viagra [url=https://genius.com/stoolpunch6]purchase viagra[/url] cialis pills
viagra australia <a href="https://www.authorstream.com/dogdust0/">viagra cost</a> buy brand viagra [url=https://www.click4r.com/posts/g/5551575/five-facts-about-pharmacy-you-need-to-know]canadian pharmacy online for viagra[/url] viagra uk
viagra online canada pharmacy <a href="https://independent.academia.edu/ErikssonVang">canada online pharmacy viagra</a> alternative viagra [url=https://genius.com/stoolpunch6]purchase viagra[/url] cialis pills
viagra australia <a href="https://www.authorstream.com/dogdust0/">viagra cost</a> buy brand viagra [url=https://www.click4r.com/posts/g/5551575/five-facts-about-pharmacy-you-need-to-know]canadian pharmacy online for viagra[/url] viagra uk
-
vamxjjeq4r2 Web Site
- September 10, 2022
online pharmacy medications <a href="http://www.0471tc.com/home.php?mod=space&uid=98403">viagra online canadian pharmacy</a> generic viagra 100mg [url=http://cutemicrophone.com/home.php?mod=space&uid=83571]buy viagra online without script[/url] canadian-drugstore
natural viagra <a href="http://commonworld.info/user/sandseed7/">buying viagra from canada</a> viagra sample [url=http://umanfootball.com.ua/user/parcelblouse6/]cialis in usa pharmacy[/url] canadarx.com
fzlzijxzjgk Web Site- September 12, 2022