Eastern International Ltd.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsEastern International Ltd. is a freight and cargo transportation arrangement company operating through subsidiaries in China and Hong Kong, with fiscal 2026 revenue of $45.6 million but a net loss of $1.2 million.
What they do
Eastern International Ltd. arranges the transportation of freight and cargo. Based on the filing excerpts, operations are conducted through subsidiaries including Eastern BVI, Eastern HK, and several China-based entities such as Hangzhou TCLink, Suzhou TCLink, Wuxi TCLink, Yancheng TCLink, Yunnan Dongyuan, Chongqing Dayuan, and Guizhou Tianrun. The company reports revenue from third-party and related-party customers, and its fiscal year ends March 31.
Revenue drivers
- Freight and cargo transportation arrangement services — The company generates revenue by arranging transportation of freight and cargo, as indicated by its SIC classification and business description. No further segment breakdown is provided in the excerpts.
- Third-party customers — The company derives revenue from third-party customers, as indicated by the XBRL tags for ELOG:ThirdPartyMember. Specific revenue contribution is not disclosed in the excerpts.
- Related-party customers — The company also generates revenue from related parties, as indicated by the us-gaap:RelatedPartyMember XBRL tags. The amount and nature of these related-party revenues are not detailed in the excerpts.
Recent performance
For fiscal year 2026, revenue increased to $45.6 million from $40.0 million in fiscal 2025, but net income swung to a loss of $1.2 million from positive net income of $1.8 million in fiscal 2025. Diluted EPS was negative $0.10 for fiscal 2026, compared to $0.16 in fiscal 2025. Operating cash flow remained negative at negative $2.6 million for fiscal 2026, worsening from negative $2.2 million in fiscal 2025. As of March 31, 2026, total assets were $32.3 million, total liabilities were $17.1 million, and shareholder equity was $15.2 million.
Strategy
The filing excerpts do not include a detailed strategy discussion, but the company operates through multiple subsidiaries in China and Hong Kong, suggesting a focus on cross-border freight and cargo transportation. No explicit strategic priorities, investments, or initiatives are described in the provided excerpts.
Risks
- Customer concentration — The company has significant customer concentration, with three customers (Customer A, B, and C) identified as revenue concentration risks, meaning loss of any could materially impact revenue.
- Supplier concentration — The company relies on a limited number of suppliers, with Suppliers X, Y, and Z identified as cost of goods sold concentration risks, potentially exposing it to pricing or supply disruptions.
- Negative operating cash flow — Operating cash flow has been negative for three consecutive years, including negative $2.6 million in fiscal 2026, indicating ongoing cash burn.
- Profitability decline — The company reported a net loss of $1.2 million in fiscal 2026 despite revenue growth, reversing prior-year profitability and raising concerns about cost management.
Outlook
Management's outlook is not provided in the filing excerpts. The company faces challenges from negative operating cash flow and a recent net loss, and future performance will depend on its ability to manage customer and supplier concentrations and improve profitability.