Komori
Azuma Shipping (9380) · RiskWorsened

Dependence on Transactions with the Taiheiyo Cement Group

First written in FY2016. 6 of 12 entries say "Mitigated", first in FY2018. Latest entry: FY2026.

12entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2019MitigatedFY2021 – FY2023WorsenedFY2024 – FY20252016: 120162017: 120172018: 120182019: 120192020: 020202021: 120212022: 120222023: 120232024: 120242025: 120252026: 32026
Same theme, other companies
Revenue Dependence on Specific Customers and Corporate GroupsA theme 315 companies write about · 329 as a headwind · 3 as a tailwind

The whole theme swung hardest in 2026: 39 of 122 companies on the "Worse" side.

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 187 companies compared. The sentences above are computed from all 187.Comparing 200 of the theme's 333 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「This operating revenue accounted for 28.7% of our total operating revenue. Depending on future developments in the TAIHEIYO CEMENT CORPORATION group, this could affect the performance of our group.」

    Operating revenue from the TAIHEIYO CEMENT CORPORATION group rose from 27.8% to 28.7% of total operating revenue. Dependency in the shipping business also rose to 77.6%, from 74.5% in the previous fiscal year.
  3. FY2025WorsenedAnnual report

    「This operating revenue accounted for 27.8% of our total operating revenue. Depending on future developments in the TAIHEIYO CEMENT CORPORATION group, this could affect the performance of our group. Operating revenue from TAIHEIYO CEMENT CORPORATION and companies in the TAIHEIYO CEMENT CORPORATION group in the shipping business accounted for 74.5% of operating revenue in the shipping business.」

    Dependency on the TAIHEIYO CEMENT CORPORATION group rose to 27.8% of total operating revenue and 74.5% in the shipping business, from 27.1% and 71.9%, respectively, in the previous fiscal year.
  4. FY2024WorsenedAnnual report

    「This operating revenue accounted for 27.1% of our total operating revenue. Depending on future developments in the TAIHEIYO CEMENT CORPORATION group, this could affect the performance of our group. Operating revenue from TAIHEIYO CEMENT CORPORATION and the TAIHEIYO CEMENT CORPORATION group in the shipping business accounted for 71.9% of operating revenue in the shipping business.」

    Dependency on the TAIHEIYO CEMENT CORPORATION group rose to 27.1% of total operating revenue and 71.9% in the shipping business, from 25.6% and 69.4%, respectively, in the previous fiscal year.
  5. FY2023MitigatedAnnual report

    「We transport cement raw materials and other products for TAIHEIYO CEMENT CORPORATION, our major shareholder, and companies in its group. The resulting operating revenue accounts for 25.6% of our total operating revenue. Operating revenue from TAIHEIYO CEMENT CORPORATION and the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business accounts for 69.4% of operating revenue in the Shipping Business.」

    The TAIHEIYO CEMENT CORPORATION group accounted for 25.6% of total operating revenue, while dependency in the shipping business was 69.4%. Dependency in the shipping business declined from 72.2% in the previous fiscal year.
  6. FY2022MitigatedAnnual report

    「Operating revenue from TAIHEIYO CEMENT CORPORATION and companies in the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business accounts for 72.2% of operating revenue in the Shipping Business.」

    Reliance on the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business declined from 80.2% in the previous fiscal year to 72.2%. It is stated that operating revenue from the group accounts for 25.7% of total company-wide operating revenue.
  7. FY2021MitigatedAnnual report

    「The following describes the transaction status with TAIHEIYO CEMENT CORPORATION and companies in the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business. Operating revenue from TAIHEIYO CEMENT CORPORATION and the TAIHEIYO CEMENT CORPORATION Group accounted for 80.2% of operating revenue in the Shipping Business in the fiscal year ended March 2021.」

    Reliance on the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business increased from 75.4% in the previous fiscal year to 80.2%, but remained below the 83.1% recorded in the fiscal year ended March 2019.
  8. FY2019WorsenedAnnual report

    「Because reliance on the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business accounted for 83.1% of operating revenue in the fiscal year ended March 2019, future developments involving the TAIHEIYO CEMENT CORPORATION Group could affect our group's business results.」

    The percentage of operating revenue from the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business increased from 72.5% in the previous fiscal year to 83.1%.
  9. FY2018MitigatedAnnual report

    「Operating revenue from TAIHEIYO CEMENT CORPORATION and the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business accounts for 72.5% of operating revenue in the Shipping Business.」

    Reliance on the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business declined from 80.3% in the previous fiscal year to 72.5%. The document states that reliance risk remains.
  10. FY2017WorsenedAnnual report

    「Because reliance on the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business accounted for 80.3% of operating revenue in the fiscal year ended March 2017, future developments involving the TAIHEIYO CEMENT CORPORATION Group could affect our group's business results.」

    Reliance on the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business increased from 77.5% in the previous fiscal year to 80.3%.
  11. FY2016First statedAnnual report

    「Because reliance on the TAIHEIYO CEMENT CORPORATION Group in the Shipping Business accounted for 77.5% of operating revenue in the fiscal year ended March 2016, future developments involving the TAIHEIYO CEMENT CORPORATION Group could affect our group's business results.」

    Revenue from the TAIHEIYO CEMENT CORPORATION Group is stated to account for 77.5% of operating revenue in the Shipping Business.
Moved together

"Reliance on Interest-Bearing Debt and Interest Rate Volatility Risk" moved the same way as this thread, in the same document, in 6 of its 12 moves.

666555★123456
  1. ★This thread
  2. 1Reliance on Interest-Bearing Debt and Interest Rate Volatility Risk6×
  3. 2Expanding the Overseas Business6×
  4. 3Declining Profitability of Fixed Assets and Impairment Risk6×
  5. 4Enhancing the Group’s Overall and Sales Capabilities and Restructuring the Organizational Structure5×
  6. 5Investment in Logistics Facilities and Information Systems Using Retained Earnings5×
  7. 6Natural Disaster, Vessel Accident and Marine Pollution Risks5×

★ 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 Governance of 2026-06-16: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence on Transactions with the Taiheiyo Cement Group | Azuma Shipping Co.,Ltd. (9380) | Komori