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Azuma Shipping (9380) · RiskMitigatedLatest Earnings (2026-08-12): "Advanced"

Risk of Fluctuations in Real Estate Market Conditions and Rental Rates

First written in FY2016. 5 of 12 entries say "Restated". Latest entry: 2026-08-12.

12entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019RestatedFY2022-Q3 – FY20252016: 120162017: 120172018: 020182019: 120192020: 020202021: 120212022: 320222023: 020232024: 120242025: 220252026: 22026
Same theme, other companies

The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.

0 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 108 companies compared. The sentences above are computed from all 108.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-12AdvancedEarnings

    「Revenue and profit increased, supported by the full-year contribution from lease agreements entered into in fiscal 2025 for land owned by the company, as well as a decline in building repair expenses from the elevated level recorded in fiscal 2025.」

    The full-year contribution from new lease agreements appeared in quarterly results as an improvement in the earnings base of the real estate business.
  2. FY2026MitigatedAnnual report

    「In the real estate business, the Group appropriately maintained and managed its assets. In fiscal 2024, rental income increased due to higher rental income from land newly purchased during the year and the signing of new lease agreements for land owned by the Group.」

    Rental income from newly purchased land and income from new lease agreements increased, advancing the stabilisation of the real estate earnings base.
  3. FY2026-H1MitigatedAnnual report

    「In the real estate business, the Group appropriately maintained and managed its assets. In fiscal 2024, rental income increased due to higher rental income from land newly purchased during the year and the signing of new lease agreements for land owned by the Group.」

    The report describes the stabilisation of the revenue base against fluctuations in real estate market conditions and rental market rates through higher rental income from newly purchased land and new lease agreements.
  4. FY2025Decline in rental income due to contract renewals and property salesAnnual report

    「In the real estate business, the Group appropriately maintained and managed its assets. Meanwhile, rental income declined due to renewals and sales of contracts for land owned by the Group and other factors.」

    While continuing to maintain and manage its assets, the Group saw rental income decline due to land contract renewals, sales and other factors, resulting in an 11.9% decline in revenue and a 19.1% decline in profit in the real estate business.
  5. FY2025-H1Decline in rental incomeAnnual report

    「In the real estate business, the Group appropriately maintained and managed its assets. Meanwhile, rental income declined due to revisions to the terms of contracts for land owned by the Group and other factors.」

    While continuing to maintain and manage its assets, the Group saw rental income decline due to revisions to the terms of land contracts and other factors.
  6. FY2023-Q1RestatedAnnual report

    「In the real estate business, the Group appropriately maintained and managed its assets.」

    The Group continues to appropriately maintain and manage its assets.
  7. FY2022RestatedAnnual report

    「The Group is implementing risk mitigation measures, including smoothing earnings by securing stable revenue sources through such measures as clarifying the rules for rent revisions and extending contract terms.」

    The Group continues to clarify rent revision rules and extend contract terms in response to fluctuations in real estate market conditions and rental market rates.
  8. FY2022-Q3RestatedAnnual report

    「In the real estate business, the Group appropriately maintained and managed its assets.」

    The Group continues to appropriately maintain and manage its assets.
  9. FY2021MitigatedAnnual report

    「The Group is implementing risk mitigation measures, including smoothing earnings by securing stable revenue sources through such measures as clarifying the rules for rent revisions and extending contract terms.」

    In response to fluctuations in real estate market conditions and rental market rates, the Group identifies clarifying rent revision rules and extending contract terms as countermeasures.
  10. FY2019RestatedAnnual report

    「The real estate business is affected by customer demand trends in response to real estate market conditions and interest rate levels. Accordingly, fluctuations in rental market rates for land, buildings and other properties could affect the Group's performance.」

    The Group has reaffirmed the risks of fluctuations in real estate market conditions, interest rates, customer demand and rental market rates.
  11. FY2017RestatedAnnual report

    「The real estate business is affected by customer demand trends in response to real estate market conditions and interest rate levels. Accordingly, fluctuations in rental market rates for land, buildings and other properties could affect the Group's performance.」

    The Group has reaffirmed the risks of fluctuations in real estate market conditions, interest rates, customer demand and rental market rates.
  12. FY2016First statedAnnual report

    「The real estate business is affected by customer demand trends in response to real estate market conditions and interest rate levels. Accordingly, fluctuations in rental market rates for land, buildings and other properties could affect the Group's performance.」

    The Group identifies fluctuations in real estate market conditions, interest rates, customer demand and rental market rates as risks to its real estate business.
Moved together

"Fundamental Reform of Unprofitable Businesses" moved the same way as this thread, in the same document, in 3 of its 12 moves.

333333★123456
  1. ★This thread
  2. 1Fundamental Reform of Unprofitable Businesses3×
  3. 2Enhancing the Group’s Overall and Sales Capabilities and Restructuring the Organizational Structure3×
  4. 3Review of IT, Financial and Accounting Infrastructure and Enhancement of CSR and Internal Controls3×
  5. 4Appropriate Maintenance and Effective Utilization of Owned Assets3×
  6. 5Enhancing Profitability and Capital Efficiency through Step Up AZUMA20233×
  7. 6Investment in Logistics Facilities and Information Systems Using Retained Earnings3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Azuma Shipping yet. It last moved in the Earnings of 2026-08-12: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risk of Fluctuations in Real Estate Market Conditions and Rental Rates | Azuma Shipping Co.,Ltd. (9380) | Komori