Komori
Azuma Shipping (9380) · RiskWorsened

Customer Credit Risk and Concentration Among Major Customers

First written in FY2016. 8 of 11 entries say "Worsened", first in FY2017. Latest entry: FY2026.

11entries
11years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2017 – FY2019WorsenedFY2022 – FY20242016: 120162017: 120172018: 120182019: 120192020: 020202021: 120212022: 120222023: 120232024: 120242025: 120252026: 22026
Same theme, other companies
Concentration of sales receivables and credit risk among a small number of business partnersA theme 164 companies write about · 164 as a headwind · 0 as a tailwind

Azuma Shipping moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).

The whole theme swung hardest in 2017: 10 of 65 companies on the "Worse" side.

49 other companies' latest entry also says "Worsened".

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 164 companies compared. The sentences above are computed from all 164.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「As of the consolidated fiscal year-end, 20.8% of trade receivables were attributable to a specific major customer.」

    The concentration of trade receivables attributable to a specific major customer increased from 19.7% in the previous fiscal year to 20.8%.
  2. 2026-06-03WorsenedGeneral Meetings of Shareholders

    「Of operating receivables as of the consolidated settlement date for the fiscal year, 20.8% were attributable to a specific major customer.」

    The concentration of operating receivables attributable to a specific major customer rose from 19.7% in FY2025 to 20.8%.
  3. FY2025MitigatedAnnual report

    「As of the consolidated fiscal year-end, 19.7% of trade receivables were attributable to a specific major customer.」

    The concentration of trade receivables attributable to a specific major customer declined from 29.6% in the previous fiscal year to 19.7%.
  4. FY2024WorsenedAnnual report

    「As of the consolidated fiscal year-end, 29.6% of trade receivables were attributable to a specific major customer.」

    The concentration of trade receivables attributable to a specific major customer increased from 18.9% in the previous fiscal year to 29.6%.
  5. FY2023WorsenedAnnual report

    「As of the consolidated fiscal year-end, 18.9% of trade receivables were attributable to a specific major customer.」

    The concentration of trade receivables attributable to a specific major customer increased from 18.0% in the previous fiscal year to 18.9%.
  6. FY2022WorsenedAnnual report

    「As of the consolidated fiscal year-end, 18.0% of trade receivables were attributable to a specific major customer.」

    The concentration of trade receivables attributable to a specific major customer increased from 15.6% in the previous fiscal year to 18.0%.
  7. FY2021MitigatedAnnual report

    「As of the consolidated fiscal year-end, 15.6% of trade receivables were attributable to a specific major customer.」

    The concentration of trade receivables attributable to a specific major customer declined from 24.0% in FY2019 to 15.6%.
  8. FY2019WorsenedAnnual report

    「As of the consolidated settlement date for the current period, 24.0% of trade receivables were from a specific major customer.」

    The concentration of trade receivables among a specific major customer increased from 19.5% in the previous fiscal year to 24.0%.
  9. FY2018WorsenedAnnual report

    「As of the consolidated settlement date for the current period, 19.5% of trade receivables were from a specific major customer.」

    The concentration of trade receivables among a specific major customer increased from 15.0% in the previous period to 19.5%.
  10. FY2017WorsenedAnnual report

    「As of the consolidated settlement date for the current period, 15.0% of trade receivables were from a specific major customer.」

    The concentration of trade receivables among a specific major customer increased from 13.7% in the previous period to 15.0%.
  11. FY2016First statedAnnual report

    「As of the consolidated fiscal year-end, 13.7% of trade receivables were from a specific major customer.」

    Credit is managed under the credit management regulations, including monitoring payment due dates and setting credit limits for each business partner.
Moved together

"Personnel Shortage and Labor Cost Risks in Labor-Intensive Businesses" moved the same way as this thread, in the same document, in 6 of its 11 moves.

655544★123456
  1. ★This thread
  2. 1Personnel Shortage and Labor Cost Risks in Labor-Intensive Businesses6×
  3. 2Dependence on Transactions with the Taiheiyo Cement Group5×
  4. 3Natural Disaster, Vessel Accident and Marine Pollution Risks5×
  5. 4Declining Profitability of Fixed Assets and Impairment Risk5×
  6. 5Geopolitical, regulatory and foreign exchange risks associated with overseas business expansion4×
  7. 6Reliance on Interest-Bearing Debt and Interest Rate Volatility Risk4×

★ 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 General Meetings of Shareholders of 2026-06-03: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Customer Credit Risk and Concentration Among Major Customers | Azuma Shipping Co.,Ltd. (9380) | Komori