▼ 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
viagra mexico <a href="https://newvigraed.com/ ">generic viagra 10mg</a> order viagra online us pharmacy
-
AnrxAmows Web Site
- September 9, 2022
is3meohblz9 canadian online pharmacy cialis <a href="http://btb.club/space-uid-219388.html">5 mg cialis canada</a> canada online drugs [url=http://wjyyouxi.com/home.php?mod=space&uid=99407]canadian pharmacies without prescription[/url] cvs pharmacy
side effects of viagra <a href="https://dailyuploads.net/hjuutilfwytg">canadian rx pharmacy</a> discount cialis [url=http://yuanyuanzhijia.com/home.php?mod=space&uid=300293]drugstore online[/url] low price viagra
rite aid pharmacies <a href="http://demo3-ecomm.in.ua/user/kissgold1/">viagra online from canada</a> canada pharmacies online prescriptions [url=https://unsplash.com/@blackplough3]prescription viagra online canada[/url] viagra women
side effects of viagra <a href="https://dailyuploads.net/hjuutilfwytg">canadian rx pharmacy</a> discount cialis [url=http://yuanyuanzhijia.com/home.php?mod=space&uid=300293]drugstore online[/url] low price viagra
rite aid pharmacies <a href="http://demo3-ecomm.in.ua/user/kissgold1/">viagra online from canada</a> canada pharmacies online prescriptions [url=https://unsplash.com/@blackplough3]prescription viagra online canada[/url] viagra women
-
za5fym4jun5 Web Site
- September 9, 2022
vmjpljvb7g2 purchase cialis in canada <a href="http://idea.informer.com/users/parceltime8/?what=personal">viagra overdose</a> viagra sales online [url=https://hikvisiondb.webcam/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]overseas pharmacy[/url] cialis-canada
online pharmacy viagra <a href="https://docdro.id/2YGwyiK">viagra online canada</a> online rx [url=https://www.indiegogo.com/individuals/30041470/]about canadian drug companies[/url] taking viagra
genuine viagra <a href="https://lmxxw.cn/home.php?mod=space&uid=246728">effects of viagra</a> highest rated canadian pharmacies [url=http://lollipop-download.com/user/cottondust7/]generic viagra in canada[/url] wwwcanadianpharmacy.com
online pharmacy viagra <a href="https://docdro.id/2YGwyiK">viagra online canada</a> online rx [url=https://www.indiegogo.com/individuals/30041470/]about canadian drug companies[/url] taking viagra
genuine viagra <a href="https://lmxxw.cn/home.php?mod=space&uid=246728">effects of viagra</a> highest rated canadian pharmacies [url=http://lollipop-download.com/user/cottondust7/]generic viagra in canada[/url] wwwcanadianpharmacy.com
-
znhayimn2wt Web Site
- September 9, 2022
wi59repygtq canada viagra <a href="https://www.52miaomu.com/space-uid-532499.html">cialis canada pharmacy online</a> cialis without prescription [url=http://1111wm.com/home.php?mod=space&uid=166494]buy viagra without a prescription[/url] online drug
viagra soft <a href="http://1111wm.com/home.php?mod=space&uid=166487">drug store</a> canadian pharcharmy online cialis [url=https://fakenews.win/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]canadian pharmacy meds[/url] canadian pharmacy with viagra
side effects of viagra <a href="https://bvtt-tphcm.org.vn/cau-hoi/five-facts-about-pharmacy-you-need-to-know-9/">how to get viagra</a> cialis from canada pharmacy [url=http://perspektivaan.ru/user/puppybail9/]viagra overnight delivery[/url] viagra before and after pictures
viagra soft <a href="http://1111wm.com/home.php?mod=space&uid=166487">drug store</a> canadian pharcharmy online cialis [url=https://fakenews.win/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]canadian pharmacy meds[/url] canadian pharmacy with viagra
side effects of viagra <a href="https://bvtt-tphcm.org.vn/cau-hoi/five-facts-about-pharmacy-you-need-to-know-9/">how to get viagra</a> cialis from canada pharmacy [url=http://perspektivaan.ru/user/puppybail9/]viagra overnight delivery[/url] viagra before and after pictures
-
lneetlzs9be Web Site
- September 9, 2022
vswysjnzkdw pharmacy viagra <a href="https://lessontoday.com/profile/formwoman8/activity/2021331/">canadarx.com</a> cheap medications [url=http://pandora.nla.gov.au/external.html?link=http://canadotcphar.com/]buy cheap viagra[/url] overnight viagra
viagra and alcohol <a href="https://togetherautos.com/home.php?mod=space&uid=447217">canadian drug stores</a> canada pharmacies online prescriptions [url=https://wxgcs.cn/space-uid-445871.html]buy cialis online[/url] cheap viagra pills
canadian pharcharmy online reviews <a href="https://www.yzgz.cn/space-uid-319206.html">canadian levitra</a> cialis 5mg best price [url=https://fakenews.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]buy drugs online[/url] cialis without prescription canada
viagra and alcohol <a href="https://togetherautos.com/home.php?mod=space&uid=447217">canadian drug stores</a> canada pharmacies online prescriptions [url=https://wxgcs.cn/space-uid-445871.html]buy cialis online[/url] cheap viagra pills
canadian pharcharmy online reviews <a href="https://www.yzgz.cn/space-uid-319206.html">canadian levitra</a> cialis 5mg best price [url=https://fakenews.win/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]buy drugs online[/url] cialis without prescription canada
-
svaim0gkahn Web Site
- September 9, 2022
sildenafil price uk <a href="https://cpvigras.com/ ">can you buy sildenafil online</a> female viagra tablets in india
-
Jbolgaima Web Site
- September 9, 2022
sec2zfsk91d canadian pharmacies viagra <a href="http://glk-egoza.ru/user/dealfelony6/">cialis online from canada</a> viagra samples free [url=http://zhhtcq.com/home.php?mod=space&uid=553438]buy cialis canada[/url] cialis or generic canada
viagra natural <a href="http://need-books.ru/user/talkdoll9/">canadian drugs without a prescription</a> cialis brand [url=http://osido.win/home.php?mod=space&uid=43498]canadian drug[/url] canadian meds viagra
canadian pharmacy.reviews <a href="https://www.click4r.com/posts/g/5551598/exactly-how-to-buy-prescription-drugs-from-a-canadian-pharmacy">canadian viagra online pharmacy</a> cialis in canada [url=https://aopvp.com/home.php?mod=space&uid=144705]cialis cost[/url] when will viagra go generic
viagra natural <a href="http://need-books.ru/user/talkdoll9/">canadian drugs without a prescription</a> cialis brand [url=http://osido.win/home.php?mod=space&uid=43498]canadian drug[/url] canadian meds viagra
canadian pharmacy.reviews <a href="https://www.click4r.com/posts/g/5551598/exactly-how-to-buy-prescription-drugs-from-a-canadian-pharmacy">canadian viagra online pharmacy</a> cialis in canada [url=https://aopvp.com/home.php?mod=space&uid=144705]cialis cost[/url] when will viagra go generic
-
lgjrvcfmuvy Web Site
- September 9, 2022
yeaulprgiw2 viagra patent <a href="http://emseyi.com/user/turndoll2">viagra pills for sale</a> generic drugs [url=https://backforgood.faith/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know]best canadian pharcharmy online[/url] free viagra samples
canadian pharcharmy online viagra <a href="https://lovebookmark.win/story.php?title=five-facts-about-pharmacy-you-need-to-know-6#discuss">medications from canada</a> how to order viagra from canada [url=https://www.xingshigame.cn/home.php?mod=space&uid=259501]cialis.com[/url] viagra dosages
buy lsd online <a href="https://www.js-pai.com/space-uid-557019.html">drug prices</a> cialis usa pharmacy [url=https://anotepad.com/notes/78c79k82]canadian-drugs[/url] natural viagra alternatives
canadian pharcharmy online viagra <a href="https://lovebookmark.win/story.php?title=five-facts-about-pharmacy-you-need-to-know-6#discuss">medications from canada</a> how to order viagra from canada [url=https://www.xingshigame.cn/home.php?mod=space&uid=259501]cialis.com[/url] viagra dosages
buy lsd online <a href="https://www.js-pai.com/space-uid-557019.html">drug prices</a> cialis usa pharmacy [url=https://anotepad.com/notes/78c79k82]canadian-drugs[/url] natural viagra alternatives
-
flg7l5trtvv Web Site
- September 9, 2022
sdpnl2mfu4v canadian drug company <a href="https://www.tipsfull.com/user/guideocean7">order medication online</a> viagra order online [url=https://yogaasanas.science/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]viagra from india[/url] canada pharmacies online
best online canadian prescription companies <a href="https://www.zhen4k.com/space-uid-65214.html">buy viagra online canada</a> viagra stories [url=https://lianse3.xyz/home.php?mod=space&uid=377130]drugs from canada[/url] buy canadian drugs without prescription
viagra mexico <a href="https://postheaven.net/dancerskirt6/five-facts-about-pharmacy-you-need-to-know">my canadian pharcharmy online</a> canada drugs online [url=https://lexsrv3.nlm.nih.gov/fdse/search/search.pl?match=0&realm=all&terms=http://canadotcphar.com/]ephedrine sulfate[/url] buying from viagra canada
best online canadian prescription companies <a href="https://www.zhen4k.com/space-uid-65214.html">buy viagra online canada</a> viagra stories [url=https://lianse3.xyz/home.php?mod=space&uid=377130]drugs from canada[/url] buy canadian drugs without prescription
viagra mexico <a href="https://postheaven.net/dancerskirt6/five-facts-about-pharmacy-you-need-to-know">my canadian pharcharmy online</a> canada drugs online [url=https://lexsrv3.nlm.nih.gov/fdse/search/search.pl?match=0&realm=all&terms=http://canadotcphar.com/]ephedrine sulfate[/url] buying from viagra canada
-
sppvw5utl2a Web Site
- September 9, 2022
halba1ppmqn does generic viagra work <a href="http://atdh.cn/home.php?mod=space&uid=538449">viagra</a> free sample of viagra [url=https://www.biaoqianyinshuawang.com/home.php?mod=space&uid=50320]buy viagra australia[/url] cheapest price for cialis
cialis in canada <a href="https://bbs.bakaxl.com/home.php?mod=space&uid=279208">alternatives to viagra</a> canadian pharmacy - cialis [url=http://askdro.com/forums/users/dealframe3/]viagra wiki[/url] female viagra
is generic viagra safe <a href="https://www.ripop.com/home.php?mod=space&uid=406403">generic viagra</a> overseas pharmacy [url=http://vantop10.com/app/webroot/forum/home.php?mod=space&uid=1062462]canadian pharmacy viagra[/url] real viagra
cialis in canada <a href="https://bbs.bakaxl.com/home.php?mod=space&uid=279208">alternatives to viagra</a> canadian pharmacy - cialis [url=http://askdro.com/forums/users/dealframe3/]viagra wiki[/url] female viagra
is generic viagra safe <a href="https://www.ripop.com/home.php?mod=space&uid=406403">generic viagra</a> overseas pharmacy [url=http://vantop10.com/app/webroot/forum/home.php?mod=space&uid=1062462]canadian pharmacy viagra[/url] real viagra
-
eyecnv0swus Web Site
- September 9, 2022
rieniosawrg viagra brand for sale <a href="https://www.xingshigame.cn/home.php?mod=space&uid=259499">buy cialis</a> what is viagra [url=https://www.gisbbs.cn/user_uid_373240.html]cialis best price[/url] viagra free sample
viagra natural <a href="http://exujing.com/home.php?mod=space&uid=168316">cialis canada</a> canadian pharmacy cialis generic [url=http://xn----8sbec1b1ad1ae2f.xn--90ais/user/musclefelony2/]viagra dosage[/url] order viagra
cialis 5mg best price <a href="https://ayzl.cn/home.php?mod=space&uid=261705">sample viagra</a> generic viagra 100mg [url=https://atavi.com/share/vlmh3uz9fsxa]buying prescription drugs from canada[/url] canadian drugs
viagra natural <a href="http://exujing.com/home.php?mod=space&uid=168316">cialis canada</a> canadian pharmacy cialis generic [url=http://xn----8sbec1b1ad1ae2f.xn--90ais/user/musclefelony2/]viagra dosage[/url] order viagra
cialis 5mg best price <a href="https://ayzl.cn/home.php?mod=space&uid=261705">sample viagra</a> generic viagra 100mg [url=https://atavi.com/share/vlmh3uz9fsxa]buying prescription drugs from canada[/url] canadian drugs
-
xz7dzbzb51h Web Site
- September 9, 2022
wmpron5s6lk best price for generic cialis <a href="http://www.linkagogo.com/go/To?url=113009410">buy viagra online canada</a> drugs canada [url=http://dudoser.com/user/rabbitdoll6/]www.walmart.com[/url] canadian pharmacies shipping usa
northwestpharmacy.com canada <a href="https://yatirimciyiz.net/user/guidebonsai8">canadian prescription</a> costco pharmacy [url=http://tkwlt.com/home.php?mod=space&uid=369809]london pharmacy canada[/url] discount canadian pharmacies
medication canada <a href="http://www.kab3.com/home.php?mod=space&uid=1773409">viagra information</a> online drugstore [url=http://2345eny.com/home.php?mod=space&uid=292330]cialis online canadian pharmacy[/url] viagra in canada
northwestpharmacy.com canada <a href="https://yatirimciyiz.net/user/guidebonsai8">canadian prescription</a> costco pharmacy [url=http://tkwlt.com/home.php?mod=space&uid=369809]london pharmacy canada[/url] discount canadian pharmacies
medication canada <a href="http://www.kab3.com/home.php?mod=space&uid=1773409">viagra information</a> online drugstore [url=http://2345eny.com/home.php?mod=space&uid=292330]cialis online canadian pharmacy[/url] viagra in canada
-
he8kt93r61j Web Site
- September 9, 2022
jll0igbqno5 viagra purchase online <a href="https://securityholes.science/wiki/Five_Facts_About_Pharmacy_You_Need_to_Know">buy viagra online without script</a> over the counter viagra alternative [url=https://gm56.com/home.php?mod=space&uid=175736]what is viagra[/url] viagra online canada
cialis online pharmacy <a href="https://www.dafuyang.com/home.php?mod=space&uid=251250">buy viagra online canada</a> viagra 100mg [url=https://myclc.clcillinois.edu/web/jeff_test/ttttttutoring/-/message_boards/message/39335830]order cialis[/url] does viagra work
lowest price on cialis <a href="http://cryptomonnaies.me/user/blackdoll2">generic viagra from canada</a> drugs online without a prescription [url=https://myclc.clcillinois.edu/web/jeff_test/ttttttutoring/-/message_boards/message/39335583]canadian pharmacy for cialis[/url] cialis in canada
cialis online pharmacy <a href="https://www.dafuyang.com/home.php?mod=space&uid=251250">buy viagra online canada</a> viagra 100mg [url=https://myclc.clcillinois.edu/web/jeff_test/ttttttutoring/-/message_boards/message/39335830]order cialis[/url] does viagra work
lowest price on cialis <a href="http://cryptomonnaies.me/user/blackdoll2">generic viagra from canada</a> drugs online without a prescription [url=https://myclc.clcillinois.edu/web/jeff_test/ttttttutoring/-/message_boards/message/39335583]canadian pharmacy for cialis[/url] cialis in canada
-
tu5oq4nithm Web Site
- September 9, 2022
ocvuuyvjw2s online pharmacy without prescription <a href="https://aselah-ejabat.com/index.php/user/springwren3">buy medication online</a> can women take viagra [url=https://menwiki.men/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy]viagra 100mg[/url] natural alternative viagra
buy viagra canada <a href="https://zalicz.net/user/muscleblouse1">cost of viagra in canada</a> canadian pharmacy and cialis [url=http://hukukevi.net/user/kissburn9]best price for generic cialis[/url] buy online viagra
cheap generic drugs <a href="https://phonographic.science/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">viagra pro</a> generic viagra india [url=https://hypothes.is/users/dogdoll6]cialis without a doctor's prescription[/url] cheapest viagra online
buy viagra canada <a href="https://zalicz.net/user/muscleblouse1">cost of viagra in canada</a> canadian pharmacy and cialis [url=http://hukukevi.net/user/kissburn9]best price for generic cialis[/url] buy online viagra
cheap generic drugs <a href="https://phonographic.science/wiki/How_to_Buy_Prescription_Drugs_From_a_Canadian_Pharmacy">viagra pro</a> generic viagra india [url=https://hypothes.is/users/dogdoll6]cialis without a doctor's prescription[/url] cheapest viagra online
-
baecx31e182 Web Site
- September 9, 2022
canada online drugs <a href="https://www.folkd.com/submit/http://canadotcphar.com//">generic viagra buy</a> what is viagra used for [url=https://www.instapaper.com/p/sinkrefund9]drugs online without a prescription[/url] drug prices
viagra canada <a href="http://seksi-new.ru/user/dressplough4/">buy real viagra online</a> what is the price of cialis in canada [url=https://dppet.com/home.php?mod=space&uid=508643]cheap viagra uk[/url] canadian pharmacies generic ed medication
fw61fcltlou Web Site- September 9, 2022