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Azuma Shipping

Azuma Shipping Co.,Ltd.

Company highlights

The largest segment by revenue is Logistics, at 75.2% of the total.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥40.1B
Operating marginCalculated 2.2%
Net assets to total assetsCalculated 42.2%

Company profile

Securities code 9380 / EDINET code E04329 / Warehousing and Harbor Transportation Services / Fiscal year end March 31

中央区晴海１－８－１２晴海アイランドトリトンスクエアオフィスタワーＺ３３階／Capital stock ¥2,294 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
松井伸介 Representative
12/2/1917 Date of incorporation
9 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-25

Profitability ★★☆☆☆position among all companies 2.2%
Growth (revenue, 4-year average) ★☆☆☆☆position among all companies 0.3%
Capital efficiency ★★☆☆☆position among all companies 4.0%

Business activities and revenue composition

Azuma Shipping

Revenue and profit by business segment

Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed

SalesProfit LogisticsLogistics Sales 75.2% 75% Profit 62.0% 62% ShippingShipping Sales 22.9% 23% Profit 16.4% 16% Real estateReal estate Sales 2.0% 2% Profit 21.5% 22%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearShareMarginLast year
Logistics ¥30.0 billion 75.2% ¥29.7 billion ¥1.8 billion 62.0% 6.1% ¥1.7 billion
Shipping ¥9.1 billion 22.9% ¥8.8 billion ¥0.5 billion 16.4% 5.3% ¥0.5 billion
Real estate ¥0.8 billion 2.0% ¥0.6 billion ¥0.6 billion 21.5% 81.2% ¥0.5 billion
Total of the businesses ¥39.9 billion100.0% ¥2.9 billion 100.0%

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Employees' salaries ¥1.5 billion Consolidated
Other ¥0.6 billion Consolidated
Miscellaneous expenses ¥0.5 billion Consolidated
Welfare expenses ¥0.3 billion Consolidated
Directors' compensations ¥0.2 billion Consolidated
Leasehold and office rents ¥0.2 billion Parent only
Provision for bonuses ¥0.2 billion Consolidated
Retirement benefit expenses ¥55.90 million Consolidated
Depreciation ¥53.97 million Consolidated
Provision of allowance for doubtful accounts ¥6,000 Consolidated
Profit by stage Ordinary income ¥1.0 billion Consolidated
Operating income ¥0.9 billion Consolidated
Net income ¥0.7 billion Consolidated

Azuma Shipping

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Employees' salaries ¥1.5 billion (43.7%)44%Other ¥0.6 billion (17.7%)18%Miscellaneous expenses ¥0.5 billion (16.4%)16%Welfare expenses ¥0.3 billion (10.4%)10%Directors' compensations ¥0.2 billion (7.2%)7%Leasehold and office rents ¥0.2 billion (4.6%)¥3.3B
  • Employees' salaries　¥1.5 billion
  • Other　¥0.6 billion
  • Miscellaneous expenses　¥0.5 billion
  • Welfare expenses　¥0.3 billion
  • Directors' compensations　¥0.2 billion
  • Leasehold and office rents　¥0.2 billion

Performance, financial position and capital allocation

Finance
42.2% Net assets to total assets Industry median 56.5% FY ending 3/2026 · consolidated / calculated
1.6% Return on assets (ROA)
¥664.94 Net assets per share
¥-1.3 billion Free cash flow
¥44.1 billion Total assets
Capital allocation
241.2% Cash conversion Industry median 149.2% FY ending 3/2026 · consolidated / calculated
262.2% Property, plant and equipment purchases relative to depreciation ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated
15.3% Return to shareholders ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
-1.7% Extraordinary gains and losses relative to ordinary profit ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
23.9% Investment securities to net assets ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated

Azuma Shipping

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
42 28 14 0 2013 2015 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Ordinary income 40Latest value 2026 40¥ billion 42Highest in the period shown 2020 42¥ billion 38Lowest in the period shown 2017 38¥ billion ¥ billion

Azuma Shipping

Recent performance trends

Source Annual securities reports

41 28 14 0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2013 to 2026Disclosed

Item20222023202420252026
Operating revenue ¥39.6B ¥41.5B ¥39.7B ¥39.4B ¥40.1B
Year on year (%) +1.6% +4.7% -4.1% -0.9% +1.9%
Ordinary income (loss) ¥0.9B ¥0.9B ¥0.2B ¥0.7B ¥1.0B
Change from prior year +21.2% +5.8% -83.8% +384.7% +32.7%
Ordinary income (loss) as a share of Operating revenue 2.2% 2.3% 0.4% 1.9% 2.4%
Change (percentage points) +0.4 points +0.0 points -1.9 points +1.5 points +0.6 points

Azuma Shipping

Earnings and net assets per share over time

Unit yenSource Annual securities reports

26 17 9 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 665 443 222 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

Azuma Shipping

Return on equity over time

Unit %Source Annual securities reports

4 3 1 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Operating revenue ¥39.6 billion ¥41.5 billion ¥39.7 billion ¥39.4 billion ¥40.1 billion
Ordinary income (loss) ¥0.9 billion ¥0.9 billion ¥0.2 billion ¥0.7 billion ¥1.0 billion
Net income (loss) attributable to owners of parent ¥0.6 billion ¥0.2 billion ¥0.3 billion ¥0.6 billion ¥0.7 billion
Comprehensive income ¥0.9 billion ¥0.4 billion ¥0.8 billion ¥0.8 billion ¥1.4 billion
Net assets ¥16.1 billion ¥16.3 billion ¥17.0 billion ¥17.6 billion ¥18.6 billion
Total assets ¥37.4 billion ¥37.5 billion ¥38.7 billion ¥41.2 billion ¥44.1 billion
Net assets per share 577.22 yen 581.21 yen 603.64 yen 621.89 yen 664.94 yen
Basic earnings (loss) per share 22.85 yen 7.1 yen 11.36 yen 20.62 yen 25.76 yen
Equity-to-asset ratio 43.0% 43.2% 43.5% 42.4% 41.9%
Return on equity 4.0% 1.2% 1.9% 3.4% 4.0%
Net cash provided by (used in) operating activities ¥2.2 billion ¥1.7 billion ¥0.8 billion ¥3.0 billion ¥2.1 billion
Net cash provided by (used in) investing activities ¥-0.6 billion ¥-0.4 billion ¥-0.9 billion ¥-4.4 billion ¥-3.4 billion
Net cash provided by (used in) financing activities ¥-1.2 billion ¥-0.5 billion ¥-0.2 billion ¥1.0 billion ¥1.4 billion
Cash and cash equivalents ¥5.5 billion ¥6.3 billion ¥6.1 billion ¥5.7 billion ¥5.8 billion
Parent only indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Operating revenue ¥33.5 billion ¥34.7 billion ¥33.9 billion ¥34.2 billion ¥34.7 billion
Ordinary income (loss) ¥0.9 billion ¥0.7 billion ¥0.5 billion ¥0.7 billion ¥0.9 billion
Net income (loss) ¥0.5 billion ¥-21.39 million ¥0.3 billion ¥0.4 billion ¥0.6 billion
Capital stock ¥2.3 billion ¥2.3 billion ¥2.3 billion ¥2.3 billion ¥2.3 billion
Total number of issued shares (common stock) 28,923,000 shares 28,923,000 shares 28,923,000 shares 28,923,000 shares 28,923,000 shares
Net assets ¥14.2 billion ¥14.1 billion ¥14.5 billion ¥14.9 billion ¥15.6 billion
Total assets ¥32.9 billion ¥32.9 billion ¥34.8 billion ¥37.3 billion ¥37.1 billion
Net assets per share 510.03 yen 505.63 yen 520.22 yen 530.16 yen 562.19 yen
Dividend per share 7 yen 7 yen 7 yen 7 yen 8 yen
Interim dividend per share 3 yen 3 yen 3 yen 3 yen 3 yen
Basic earnings (loss) per share 16.81 yen -0.77 yen 10.6 yen 15.28 yen 21.62 yen
Equity-to-asset ratio 43.1% 42.8% 41.8% 39.9% 42.2%
Return on equity 3.3% -0.2% 2.1% 2.9% 4.0%
Payout ratio 41.6% Could not be retrieved 66.0% 45.8% 37.0%

Dividend history

Source: reporting company’s key figures, annual securities reports · 14 years (2013 to 2026)Parent-onlyDisclosed

1 periods Consecutive increases (own definition) through FY ending 3/2026
14 periods Consecutive periods with dividends (site definition) through FY ending 3/2026
+14.3% Dividend growth (year on year)
+5.9% Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 3/2026 ¥8 ¥3 37.0%
FY ending 3/2025 ¥7 ¥3 45.8%
FY ending 3/2024 ¥7 ¥3 66.0%
FY ending 3/2023 ¥7 ¥3 Could not be retrieved
FY ending 3/2022 ¥7 ¥3 41.6%
FY ending 3/2021 ¥6 ¥2 41.5%
FY ending 3/2020 ¥5 ¥2 57.5%
FY ending 3/2019 ¥5 ¥2 78.0%
FY ending 3/2018 ¥6 ¥3 28.1%
FY ending 3/2017 ¥5 ¥2 34.4%
FY ending 3/2016 ¥5 ¥2 27.2%
FY ending 3/2015 ¥5 ¥2 26.3%
FY ending 3/2014 ¥5 ¥2 39.9%
FY ending 3/2013 ¥5 ¥2 40.1%

Azuma Shipping

Dividends per share over time

Unit yenSource Annual securities reports

8 5 3 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

18,796 Shareholders
2.00% Foreign holders (total) Industry median 2.40%
34.89% Individuals and others Industry median 37.20%

Azuma Shipping

Unit %Source Annual securities reports

  • Financial institutions1.34%
  • Securities firms2.77%
  • Other corporations59.00%
  • Foreign holders (institutions)1.92%
  • Foreign holders (individuals)0.08%
  • Individuals and others34.89%

Major shareholders

RankShareholderShareholding ratioShares held
1 太平洋セメント㈱ 39.38% 11,100,000
2 鈴与建設㈱ 13.48% 3,800,000
3 鈴与㈱ 3.55% 1,000,000
4 むさし証券㈱ 2.77% 781,000
5 ㈱商船三井 2.06% 580,000
6 ㈱日本カストディ銀行（信託口） 1.37% 384,000
7 東 海運持株会 0.97% 274,000
8 ㈱内山アドバンス 0.78% 220,000
9 小林 広幸 0.47% 132,000
10 SCBHK AC LIECHTENSTEINISCHELANDESBANK AG（常任代理人 ㈱三菱UFJ銀行） 0.46% 129,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2021 to 2026)Disclosed

Not disclosed Research and development
¥4.3 billion Capital expenditure 10.8% of revenue (industry median 6.5%)
Fiscal year Capital expenditure
FY ending 3/2026 ¥4.3 billion
FY ending 3/2021 ¥1.7 billion

Research and development expenses and capital expenditure by segment (FY ending 3/2026)

Segment Capital expenditure
Logistics ¥0.6 billion
Shipping ¥3.5 billion
Real estate ¥0.1 billion

Revenue scale in the same industry

Azuma Shipping

Source Annual securities reports of each company

Warehousing and Harbor Transportation Services: 45 companies · revenue · largest first・FY Mar 2026・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

572 Employees (parent only) Industry median 331
47.2 Average age Industry median 41.6
13.7 years Average length of service Industry median 15.9 years
¥6.66 million Average annual salary Industry median ¥6.47 million
People and organisation
53.3¥ million Sales per employee Industry median 47.9¥ million FY ending 3/2026 · consolidated / calculated
¥1.15 million Operating income per employee
43.1% Wage gap between men and women
28.6% Men taking childcare leave
115 Average temporary staff

Administrative filings and published information

Subsidy award information

1 awards, 2023-09-21 to 2023-09-21Disclosed

Date approvedSubsidyMinistryAmount
2023-09-21令和５年度ＡＩ・ＩｏＴ等を活用した更なる輸送効率化推進事業費補助金（内航船の革新的運航効率化実証事業）経済産業省 ¥2.04 million

Greenhouse gas emissions

Reported to the government for fiscal 2023Disclosed

CategoryEmissions
特定貨物輸送事業者45,228 t-CO2
特定事業所排出者5,682 t-CO2

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 有限責任あずさ監査法人
Audit fees (this year, total) ¥43.90 million
Non-audit fees (this year, total) Not applicable
Non-audit fees (this year, network firms) ¥9.00 million
Going concern note Stated as not applicable
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (28 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥1.4 billion Consolidated
Operating revenue ¥40.1 billion Consolidated
Net cash provided by (used in) operating activities ¥2.1 billion Consolidated
Net cash provided by (used in) investing activities ¥-3.4 billion Consolidated
Cash and cash equivalents ¥5.8 billion Consolidated
Net assets ¥18.6 billion Consolidated
Ordinary income (loss) ¥1.0 billion Consolidated
Total assets ¥44.1 billion Consolidated
Return on equity 4.0% Consolidated
Equity-to-asset ratio 41.9% Consolidated
Net income (loss) attributable to owners of parent ¥0.7 billion Consolidated
Net cash provided by (used in) financing activities ¥1.4 billion Consolidated
Basic earnings (loss) per share 25.76 yen Consolidated
Net assets per share 664.94 yen Consolidated
Dividend per share 8 yen Parent only
Operating revenue ¥34.7 billion Parent only
Net income (loss) ¥0.6 billion Parent only
Total number of issued shares (common stock) 28,923,000 shares Parent only
Net assets ¥15.6 billion Parent only
Ordinary income (loss) ¥0.9 billion Parent only
Total assets ¥37.1 billion Parent only
Return on equity 4.0% Parent only
Equity-to-asset ratio 42.2% Parent only
Capital stock ¥2.3 billion Parent only
Payout ratio 37.0% Parent only
Interim dividend per share 3 yen Parent only
Basic earnings (loss) per share 21.62 yen Parent only
Net assets per share 562.19 yen Parent only

Employees (10 items)

ItemValueConsolidated / Non-consolidated
Number of employees 753 people Consolidated
Number of employees 753 people Consolidated
Wage gap between men and women (all employees) 43.1% Parent only
Average length of service (years) 13.7 years Parent only
Average annual salary ¥6.66 million Parent only
Average age (years) 47.2 years old Parent only
Number of employees 572 people Parent only
Number of employees 572 people Parent only
Number of employees 572 people Parent only
Wage gap between men and women (regular employees) 71.3% Parent only

Other disclosed items (12 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥40.1 billion Consolidated
Average number of temporary employees 115 people Consolidated
Average number of temporary employees 115 people Consolidated
Number of associates accounted for using equity method 2 companies Consolidated
Number of unconsolidated subsidiaries accounted for using equity method 2 companies Consolidated
Increase in property plant and equipment and intangible assets ¥4.3 billion Consolidated
Depreciation ¥1.5 billion Consolidated
Number of consolidated subsidiaries 9 companies Consolidated
Rate of male employees taking childcare leave (all employees) 28.6% Parent only
Average number of temporary employees 109 people Parent only
Average number of temporary employees 109 people Parent only
Total return on the share price index 202.2% Parent only

Shares (14 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 18,402,000 shares Consolidated
Total number of shares held treasury shares etc 732,600 shares Consolidated
Number of issues whose number of shares increased shares other than those not listed investment shares held for purposes other than pure investment reporting company 2 issues Consolidated
Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company ¥9.60 million Consolidated
Number of shares 28,923,000 shares Consolidated
Shareholding ratio treasury shares etc 2.5% Consolidated
Shareholding ratio 65.3% Consolidated
Number of shares held in own name treasury shares etc 732,600 shares Consolidated
Number of voting rights 281,784 units Consolidated
Carrying amount on the balance sheet ¥0.9 billion Consolidated
Carrying amount on the balance sheet ¥2.8 billion Consolidated
Number of issues 33 issues Consolidated
Number of issues 14 issues Consolidated
Total shareholder return 124.9% Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥4.3 billion Consolidated

Audit (4 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥43.90 million Consolidated
Fees for audit and attestation services - total ¥43.90 million Consolidated
Fees for non-audit services - reporting company ¥9.00 million Consolidated
Fees for non-audit services - total ¥9.00 million Consolidated

Accounts unique to this company (38 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥90.53 million Consolidated
Revenue ¥32.76 million Consolidated
Revenue ¥30.0 billion Consolidated
Revenue ¥9.1 billion Consolidated
Revenue ¥0.8 billion Consolidated
Revenue ¥0.3 billion Consolidated
Revenue ¥27.2 billion Consolidated
Revenue ¥8.2 billion Consolidated
Revenue ¥0.1 billion Consolidated
Revenue ¥0.3 billion Consolidated
Revenue ¥22.73 million Consolidated
Revenue ¥0.47 million Consolidated
Revenue ¥1.72 million Consolidated
Revenue ¥30.14 million Consolidated
Revenue ¥9.61 million Consolidated
Revenue ¥3.61 million Consolidated
Revenue ¥5.00 million Consolidated
Revenue ¥13.70 million Consolidated
Revenue ¥1.72 million Consolidated
Revenue ¥91.15 million Consolidated
Revenue ¥-8.92 million Consolidated
Revenue ¥-4.20 million Consolidated
Change in average annual salary from the previous year 3.2% Parent only
Revenue 0.254 Parent only
Revenue ¥90.53 million Parent only
Revenue ¥32.76 million Parent only
Revenue ¥24.6 billion Parent only
Revenue ¥9.0 billion Parent only
Revenue ¥0.8 billion Parent only
Revenue ¥0.3 billion Parent only
Revenue ¥22.4 billion Parent only
Revenue ¥8.2 billion Parent only
Revenue ¥0.1 billion Parent only
Revenue ¥0.3 billion Parent only
Revenue ¥14.84 million Parent only
Revenue ¥0.47 million Parent only
Revenue ¥12.54 million Parent only
Revenue ¥30.14 million Parent only

Balance sheet (174 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.3 billion Consolidated
Other ¥0.6 billion Consolidated
Other ¥2.3 billion Consolidated
Other ¥1.4 billion Consolidated
Other ¥1.5 billion Consolidated
Valuation difference on available-for-sale securities ¥1.5 billion Consolidated
Lease obligations ¥0.9 billion Consolidated
Lease obligations ¥0.4 billion Consolidated
Lease assets ¥2.7 billion Consolidated
Lease assets ¥62.05 million Consolidated
Lease assets, net ¥1.0 billion Consolidated
Work in process ¥9.97 million Consolidated
Retained earnings ¥13.1 billion Consolidated
Raw materials and supplies ¥65.38 million Consolidated
Notes receivable - trade ¥0.3 billion Consolidated
Trade accounts receivable ¥5.4 billion Consolidated
Operating accounts payable ¥4.2 billion Consolidated
Non-current liabilities ¥14.8 billion Consolidated
Non-current assets ¥30.9 billion Consolidated
Land ¥8.8 billion Consolidated
Contract liabilities ¥0.2 billion Consolidated
Contract assets ¥0.1 billion Consolidated
Tools, furniture and fixtures ¥0.3 billion Consolidated
Tools, furniture and fixtures ¥51.17 million Consolidated
Buildings and structures ¥24.4 billion Consolidated
Buildings and structures, net ¥10.1 billion Consolidated
Investments and other assets ¥5.0 billion Consolidated
Investment securities ¥4.5 billion Consolidated
Property, plant and equipment ¥24.4 billion Consolidated
Income taxes payable ¥80.32 million Consolidated
Shareholders' equity ¥16.5 billion Consolidated
Inventories ¥75.35 million Consolidated
Inventories ¥75.35 million Consolidated
Machinery, equipment and vehicles ¥0.9 billion Consolidated
Machinery, equipment and vehicles, net ¥89.46 million Consolidated
Current liabilities ¥10.7 billion Consolidated
Current assets ¥13.2 billion Consolidated
Accumulated depreciation ¥-1.6 billion Consolidated
Accumulated depreciation ¥-0.3 billion Consolidated
Accumulated depreciation ¥-14.3 billion Consolidated
Accumulated depreciation ¥-0.8 billion Consolidated
Accumulated depreciation ¥-6.9 billion Consolidated
Foreign currency translation adjustment ¥0.2 billion Consolidated
Intangible assets ¥1.6 billion Consolidated
Provision for special repairs ¥71.95 million Consolidated
Cash and cash equivalents ¥5.8 billion Consolidated
Cash and deposits ¥5.8 billion Consolidated
Provision for environmental measures ¥30.14 million Consolidated
Short-term loans payable ¥3.0 billion Consolidated
Net assets ¥18.6 billion Consolidated
Net assets ¥18.6 billion Consolidated
Total assets ¥44.1 billion Consolidated
Total assets ¥44.1 billion Consolidated
Deferred tax liabilities ¥0.6 billion Consolidated
Deferred tax assets ¥5.49 million Consolidated
Treasury stock ¥-0.4 billion Consolidated
Vessels ¥11.2 billion Consolidated
Vessels net ¥4.2 billion Consolidated
Valuation and translation adjustments ¥2.0 billion Consolidated
Liabilities ¥25.5 billion Consolidated
Liabilities and net assets ¥44.1 billion Consolidated
Allowance for doubtful accounts ¥-79.87 million Consolidated
Allowance for doubtful accounts ¥-4.47 million Consolidated
Capital surplus ¥1.5 billion Consolidated
Capital stock ¥2.3 billion Consolidated
Asset retirement obligations ¥0.8 billion Consolidated
Provision for bonuses ¥0.4 billion Consolidated
Remeasurements of defined benefit plans ¥0.3 billion Consolidated
Net defined benefit liability ¥1.0 billion Consolidated
Long-term loans payable ¥8.8 billion Consolidated
Long term advances received ¥1.7 billion Consolidated
Long term accounts payable other ¥0.5 billion Consolidated
Long-term loans receivable ¥17.08 million Consolidated
Non-controlling interests ¥0.1 billion Consolidated
Other ¥0.1 billion Parent only
Other ¥0.4 billion Parent only
Other ¥0.8 billion Parent only
Other ¥36.38 million Parent only
Valuation difference on available-for-sale securities ¥1.5 billion Parent only
Other capital surplus ¥9.72 million Parent only
Software ¥0.1 billion Parent only
Lease obligations ¥0.6 billion Parent only
Lease obligations ¥0.2 billion Parent only
Lease assets ¥2.0 billion Parent only
Lease assets ¥62.05 million Parent only
Lease assets, net ¥0.7 billion Parent only
Work in process ¥9.97 million Parent only
Leasehold right ¥1.3 billion Parent only
Investments in capital ¥9.39 million Parent only
General reserve ¥3.9 billion Parent only
Retained earnings ¥10.7 billion Parent only
Legal retained earnings ¥0.3 billion Parent only
Advances received ¥83.41 million Parent only
Prepaid expenses ¥71.67 million Parent only
Raw materials and supplies ¥55.22 million Parent only
Notes receivable - trade ¥0.3 billion Parent only
Trade accounts receivable ¥4.8 billion Parent only
Operating accounts payable ¥3.8 billion Parent only
Non-current liabilities ¥11.7 billion Parent only
Non-current assets ¥26.7 billion Parent only
Reserve for advanced depreciation of noncurrent assets ¥0.2 billion Parent only
Land ¥8.8 billion Parent only
Notes regarding reserve for reduction entry of land ¥1.3 billion Parent only
Contract liabilities ¥0.1 billion Parent only
Contract assets ¥0.1 billion Parent only
Tools, furniture and fixtures ¥0.3 billion Parent only
Tools, furniture and fixtures ¥47.80 million Parent only
Buildings ¥21.8 billion Parent only
Buildings, net ¥9.0 billion Parent only
Deposits received from employees ¥0.1 billion Parent only
Investments and other assets ¥5.5 billion Parent only
Investment securities ¥3.7 billion Parent only
Property, plant and equipment ¥19.7 billion Parent only
Income taxes payable ¥59.53 million Parent only
Accrued consumption taxes ¥0.3 billion Parent only
Accrued expenses ¥0.4 billion Parent only
Accounts payable - other ¥0.3 billion Parent only
Shareholders' equity ¥14.1 billion Parent only
Inventories ¥65.20 million Parent only
Inventories ¥65.20 million Parent only
Structures ¥2.4 billion Parent only
Structures, net ¥1.1 billion Parent only
Machinery and equipment ¥0.5 billion Parent only
Machinery and equipment, net ¥83.67 million Parent only
Current liabilities ¥9.7 billion Parent only
Current assets ¥10.3 billion Parent only
Accumulated depreciation ¥-1.3 billion Parent only
Accumulated depreciation ¥-0.2 billion Parent only
Accumulated depreciation ¥-12.8 billion Parent only
Accumulated depreciation ¥-1.3 billion Parent only
Accumulated depreciation ¥-0.4 billion Parent only
Accumulated depreciation ¥-2.4 billion Parent only
Accumulated depreciation ¥-0.3 billion Parent only
Intangible assets ¥1.5 billion Parent only
Provision for special repairs ¥11.48 million Parent only
Cash and deposits ¥4.0 billion Parent only
Provision for environmental measures ¥30.14 million Parent only
Short-term loans payable ¥1.8 billion Parent only
Short-term loans receivable with resale agreement ¥0.2 billion Parent only
Claims provable in bankruptcy claims provable in rehabilitation and other ¥1.96 million Parent only
Net assets ¥15.6 billion Parent only
Net assets ¥15.6 billion Parent only
Total assets ¥37.1 billion Parent only
Deferred tax liabilities ¥0.6 billion Parent only
Retained earnings brought forward ¥4.7 billion Parent only
Treasury stock ¥-0.4 billion Parent only
Vessels ¥2.4 billion Parent only
Vessels net ¥11.21 million Parent only
Valuation and translation adjustments ¥1.5 billion Parent only
Liabilities ¥21.4 billion Parent only
Liabilities and net assets ¥37.1 billion Parent only
Allowance for doubtful accounts ¥-0.1 billion Parent only
Allowance for doubtful accounts ¥-4.57 million Parent only
Capital surplus ¥1.5 billion Parent only
Legal capital surplus ¥1.5 billion Parent only
Capital stock ¥2.3 billion Parent only
Asset retirement obligations ¥0.8 billion Parent only
Provision for bonuses ¥0.4 billion Parent only
Vehicle and delivery equipment ¥0.3 billion Parent only
Vehicles, net ¥4.47 million Parent only
Provision for retirement benefits ¥1.2 billion Parent only
Reserve for dividends3 ¥0.3 billion Parent only
Long-term loans payable ¥5.7 billion Parent only
Long term advances received ¥1.7 billion Parent only
Long-term prepaid expenses ¥90.48 million Parent only
Long term accounts payable other ¥0.5 billion Parent only
Long term guarantee deposited ¥0.2 billion Parent only
Investments in capital of subsidiaries and affiliates ¥88.80 million Parent only
Shares of subsidiaries and associates ¥0.6 billion Parent only
Long term loans payable to subsidiaries and affiliates ¥0.2 billion Parent only
Long-term loans receivable from subsidiaries and affiliates ¥0.7 billion Parent only
Telephone subscription right ¥18.68 million Parent only
Deposits received ¥0.9 billion Parent only
Current portion of long-term loans payable ¥1.0 billion Parent only

Statement of income (116 items)

ItemValueConsolidated / Non-consolidated
Other ¥51.74 million Consolidated
Other ¥42.09 million Consolidated
Other ¥0.6 billion Consolidated
Other comprehensive income ¥0.6 billion Consolidated
Valuation difference on available for sale securities net of tax ¥0.5 billion Consolidated
Commitment fee ¥3.61 million Consolidated
Gain on sales of golf memberships ¥0.08 million Consolidated
Loss on valuation of golf club membership ¥0.55 million Consolidated
Commission for syndicate loan ¥5.00 million Consolidated
Loss on cancellation of lease contracts ¥5.05 million Consolidated
Dividends from surplus ¥-0.2 billion Consolidated
Subsidy income ¥10.74 million Consolidated
Comprehensive income ¥1.4 billion Consolidated
Interest income ¥14.76 million Consolidated
Guaranty money income ¥0.1 billion Consolidated
Rent income ¥36.67 million Consolidated
Dividend income ¥0.1 billion Consolidated
Operating income ¥0.9 billion Consolidated
Operating income ¥0.9 billion Consolidated
Operating revenue ¥40.1 billion Consolidated
Non-operating income ¥0.3 billion Consolidated
Non-operating expenses ¥0.2 billion Consolidated
Net cash provided by (used in) operating activities ¥2.1 billion Consolidated
Operating gross profit ¥4.3 billion Consolidated
Operating expenses ¥35.8 billion Consolidated
Loss on disposal of noncurrent assets ¥6.43 million Consolidated
Gain on sales of non-current assets ¥0.1 billion Consolidated
Net sales ¥40.1 billion Consolidated
Net income ¥0.7 billion Consolidated
Net income ¥0.7 billion Consolidated
Net income (loss) ¥0.7 billion Consolidated
Net income (loss) ¥0.7 billion Consolidated
Directors' compensations ¥0.2 billion Consolidated
Employees' salaries ¥1.5 billion Consolidated
Net cash provided by (used in) investing activities ¥-3.4 billion Consolidated
Share of loss of investments accounted for using equity method ¥5.76 million Consolidated
Share of other comprehensive income of investments accounted for using equity method ¥45.83 million Consolidated
Compensation for damage ¥91.15 million Consolidated
Interest expenses ¥0.1 billion Consolidated
Income taxes - current ¥0.2 billion Consolidated
Income taxes ¥0.2 billion Consolidated
Income taxes - deferred ¥-16.95 million Consolidated
Depreciation ¥53.97 million Consolidated
Impairment loss ¥0.1 billion Consolidated
Impairment loss ¥0.1 billion Consolidated
Foreign currency translation adjustment net of tax ¥6.05 million Consolidated
Extraordinary income ¥0.3 billion Consolidated
Extraordinary loss ¥0.3 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥23.58 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥0.1 billion Consolidated
Welfare expenses ¥0.3 billion Consolidated
Income (loss) before income taxes ¥1.0 billion Consolidated
Income (loss) before income taxes ¥1.0 billion Consolidated
Ordinary income ¥1.0 billion Consolidated
Disposal of treasury stock ¥14.75 million Consolidated
Purchase of treasury stock ¥-0.1 billion Consolidated
Comprehensive income attributable to owners of parent ¥1.4 billion Consolidated
Net cash provided by (used in) financing activities ¥1.4 billion Consolidated
Selling, general and administrative expenses ¥3.4 billion Consolidated
Provision of allowance for doubtful accounts ¥-4.16 million Consolidated
Provision of allowance for doubtful accounts ¥6,000 Consolidated
Provision for bonuses ¥0.2 billion Consolidated
Remeasurements of defined benefit plans net of tax ¥0.1 billion Consolidated
Retirement benefit expenses ¥55.90 million Consolidated
Loss on valuation of investments in capital of subsidiaries and associates ¥13.70 million Consolidated
Miscellaneous expenses ¥0.5 billion Consolidated
Comprehensive income attributable to non-controlling interests ¥10.11 million Consolidated
Net income (loss) attributable to non-controlling interests ¥10.03 million Consolidated
Other ¥32.79 million Parent only
Other ¥31.04 million Parent only
Other ¥0.4 billion Parent only
Commitment fee ¥3.61 million Parent only
Commission for syndicate loan ¥5.00 million Parent only
Loss on cancellation of lease contracts ¥4.15 million Parent only
Leasehold and office rents ¥0.2 billion Parent only
Dividends from surplus ¥-0.2 billion Parent only
Subsidy income ¥9.16 million Parent only
Interest income ¥20.16 million Parent only
Guaranty money income ¥0.1 billion Parent only
Rent income ¥37.13 million Parent only
Dividend income ¥0.2 billion Parent only
Operating income ¥0.7 billion Parent only
Operating revenue ¥34.7 billion Parent only
Non-operating income ¥0.3 billion Parent only
Non-operating expenses ¥0.1 billion Parent only
Operating gross profit ¥3.7 billion Parent only
Operating expenses ¥31.0 billion Parent only
Loss on disposal of noncurrent assets ¥5.34 million Parent only
Gain on sales of non-current assets ¥0.1 billion Parent only
Net income (loss) ¥0.6 billion Parent only
Net income (loss) ¥0.6 billion Parent only
Directors' compensations ¥0.2 billion Parent only
Employees' salaries ¥1.3 billion Parent only
Compensation for damage ¥91.15 million Parent only
Interest expenses ¥0.1 billion Parent only
Income taxes - current ¥0.3 billion Parent only
Income taxes ¥0.2 billion Parent only
Income taxes - deferred ¥-72.20 million Parent only
Depreciation ¥47.30 million Parent only
Impairment loss ¥0.1 billion Parent only
Foreign exchange gains ¥17.31 million Parent only
Extraordinary income ¥0.2 billion Parent only
Extraordinary loss ¥0.3 billion Parent only
Welfare expenses ¥0.3 billion Parent only
Income (loss) before income taxes ¥0.8 billion Parent only
Ordinary income ¥0.9 billion Parent only
Disposal of treasury stock ¥14.75 million Parent only
Purchase of treasury stock ¥-0.1 billion Parent only
Selling, general and administrative expenses ¥3.0 billion Parent only
Provision of allowance for doubtful accounts ¥-0.56 million Parent only
Provision of allowance for doubtful accounts ¥-0.12 million Parent only
Provision for bonuses ¥0.1 billion Parent only
Retirement benefit expenses ¥53.71 million Parent only
Loss on valuation of investments in capital of subsidiaries and associates ¥13.70 million Parent only
Loss on valuation of shares of subsidiaries and associates ¥7.05 million Parent only
Miscellaneous expenses ¥0.5 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥1.0 billion Consolidated
Net changes in items other than shareholders' equity ¥0.6 billion Consolidated
Total changes during the period ¥0.8 billion Parent only
Net changes in items other than shareholders' equity ¥0.5 billion Parent only

Statement of cash flows (51 items)

ItemValueConsolidated / Non-consolidated
Other ¥48.85 million Consolidated
Other proceeds ¥6.38 million Consolidated
Other payments ¥-17.96 million Consolidated
Increase (decrease) in other liabilities ¥0.1 billion Consolidated
Decrease (increase) in other assets ¥-2.46 million Consolidated
Loss gain on sales of golf club memberships ¥-0.08 million Consolidated
Loss on valuation of golf club memberships ¥0.55 million Consolidated
Loss on cancellation of leases ¥5.05 million Consolidated
Repayments of lease obligations ¥-0.4 billion Consolidated
Increase decrease in notes and accounts payable trade ¥89.64 million Consolidated
Proceeds from insurance income ¥23.20 million Consolidated
Interest expenses paid ¥-0.1 billion Consolidated
Interest and dividends income received ¥0.2 billion Consolidated
Proceeds from subsidy income ¥10.74 million Consolidated
Subsidy income ¥-10.74 million Consolidated
Insurance ¥-23.20 million Consolidated
Interest and dividend income ¥-0.2 billion Consolidated
Guaranty money income ¥-0.1 billion Consolidated
Loss (gain) on disposal of non-current assets ¥6.43 million Consolidated
Loss (gain) on sales of fixed assets ¥-0.1 billion Consolidated
Decrease increase in notes and accounts receivable trade ¥-0.1 billion Consolidated
Subtotal ¥2.6 billion Consolidated
Purchase of investment securities ¥-15.48 million Consolidated
Equity in earnings losses of affiliates ¥5.76 million Consolidated
Compensation for damage paid ¥-0.1 billion Consolidated
Interest expenses ¥0.1 billion Consolidated
Proceeds from redemption of securities ¥10.00 million Consolidated
Purchase of property plant and equipment ¥-3.9 billion Consolidated
Proceeds from sales of property plant and equipment ¥0.7 billion Consolidated
Payments for retirement of property, plant and equipment ¥-78.41 million Consolidated
Income taxes refund (paid) ¥-0.6 billion Consolidated
Depreciation ¥1.5 billion Consolidated
Impairment loss ¥0.1 billion Consolidated
Foreign exchange loss (gain) ¥-18.31 million Consolidated
Purchase of intangible assets ¥-66.70 million Consolidated
Increase decrease in provision for special repairs ¥-23.52 million Consolidated
Increase decrease in provision for environmental measures ¥30.14 million Consolidated
Increase in short term loans payable ¥2.3 billion Consolidated
Decrease in short term loans payable ¥-2.3 billion Consolidated
Regarding purchase of treasury stock ¥-0.1 billion Consolidated
Proceeds from compensation ¥0.1 billion Consolidated
Payments of loans receivable ¥-7.21 million Consolidated
Collection of loans receivable ¥9.12 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥-4.16 million Consolidated
Increase (decrease) in provision for bonuses ¥30.83 million Consolidated
Increase (decrease) in net defined benefit liability ¥-14.73 million Consolidated
Dividends ¥-0.2 billion Consolidated
Proceeds from long term loans payable ¥3.3 billion Consolidated
Repayment of long term loans payable ¥-1.0 billion Consolidated
Payments for long term accounts payable other ¥-0.2 billion Consolidated
Dividends paid to non-controlling interests ¥-4.90 million Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥2.1 billion ConsolidatedDisclosed
Dividend per share 8 Parent onlyDisclosed
Number of employees 753 ConsolidatedDisclosed
Net assets ¥18.6 billion ConsolidatedDisclosed
Net sales ¥40.1 billion ConsolidatedDisclosed
Operating income ¥0.9 billion ConsolidatedDisclosed
Operating revenue ¥40.1 billion ConsolidatedDisclosed
Ordinary income ¥1.0 billion ConsolidatedDisclosed
Net income ¥0.7 billion ConsolidatedDisclosed
Total assets ¥44.1 billion ConsolidatedDisclosed
Operating margin 2.2%ConsolidatedCalculated
Net margin 1.8%ConsolidatedCalculated
Sales per employee 53317894 yenConsolidatedCalculated
Total asset turnover 0.91 timesConsolidatedCalculated
Net assets to total assets 42.2%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 2.2%　Operating income ÷ net sales 　＝ ¥0.9 billion ÷ ¥40.1 billion
    Operating income ÷ net sales. The denominator is Operating revenue (Consolidated, Japanese GAAP).
  • Net margin 1.8%　Net income ÷ net sales 　＝ ¥0.7 billion ÷ ¥40.1 billion
    Net income ÷ net sales. The denominator is Operating revenue (Consolidated, Japanese GAAP).
  • Sales per employee 53,317,894 yen　Sales or operating revenue ÷ employees 　＝ ¥40.1 billion ÷ 753 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.91 times　Sales or operating revenue ÷ total assets 　＝ ¥40.1 billion ÷ ¥44.1 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 42.2%　Net assets ÷ total assets 　＝ ¥18.6 billion ÷ ¥44.1 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　President, Representative Director, gBizINFO
  • Date of incorporation　gBizINFO · 108 years since incorporation
  • Consolidated subsidiaries　Annual Securities Report

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Apr 2025 to Mar 2026) · Consolidated · Net sales to external customers · filed 2026-06-25
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“Total” in the segment information of the annual securities report: ¥40.1 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this page

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Consolidated
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥3.9 billion, over depreciation ¥1.5 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥0.2 billion + purchase of treasury stock ¥0.1 billion, over operating cash flow ¥2.1 billion
  • Extraordinary gains and losses relative to ordinary profit　(extraordinary income − extraordinary loss) ÷ ordinary income。Extraordinary income ¥0.3 billion − extraordinary loss ¥0.3 billion, over ordinary income ¥1.0 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥4.5 billion, over net assets ¥18.6 billion

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Warehousing and Harbor Transportation Services that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Warehousing and Harbor Transportation Services that disclose the item (industries with at least 5 companies only). Segment names and order: the same as the segment table above. Group-wide research and adjustments mean segment figures may not add up to the company-wide amount.

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 753 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Warehousing and Harbor Transportation Services that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Men taking childcare leave　Reporting company (parent only)
  • Average temporary staff　Consolidated, average headcount other than regular employees

Subsidy award information

  • Source: gBizINFO (Ministry of Economy, Trade and Industry). Subsidy award records published by each ministry, matched by corporate number gBizINFO (METI)

Greenhouse gas emissions

  • Categories count different things; not added together Source: processed from the Ministry of the Environment’s greenhouse gas calculation, reporting and disclosure system (EEGS). Companies required to report only Ministry of the Environment (EEGS)

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of Azuma Shipping Co.,Ltd. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 4010001035123 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork