Tianci International, Inc.
Tianci International, Inc. is a U.S.-listed holding company whose operating business is conducted through Roshing International Co., Limited in Hong Kong. Through Roshing, the company provides global logistics services, including ocean freight forwarding, container shipping, bulk goods shipping, and related logistics coordination, and it also distributes electronic device hardware and offers selected software and business consulting services.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueOcean freight forwarding, booking, transport arrangement, and related logistics coordination.
Resale of Wi-Fi, Bluetooth, 4G modules, LED screens, touch screens, and related components.
Technical consulting, training, maintenance, and marketing support for customized software and hardware.
Immigration and non-immigration visa consulting, including background checks and application preparation.
Products
Reported · share of revenue- Global Logistics Services97.0 %
- Business Consulting Services3.0 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Tianci serves a mix of logistics customers, hardware buyers, and consulting clients, with logistics now the core commercial activity. Its logistics customers are businesses that need ocean freight forwarding and shipping coordination, while its hardware customers include overseas traders, direct traders, assemblers, and private-label buyers seeking light customization. The consulting business serves individuals and enterprises seeking visa-related support in Hong Kong.
Businesses that buy ocean freight forwarding, booking, and transport arrangement for recurring shipments.
Overseas traders, direct traders, and assembly businesses that source electronic components for resale or integration.
Buyers seeking light customization and component sourcing for branded or assembled products.
Individuals and companies that need immigration, non-immigration, and business consulting support.
Strategy
Tianci is focused on expanding its logistics business, broadening its service region, and improving its negotiating position with shipping vendors as scale increases. It also intends to diversify beyond short-haul East Asia routes and has prepared for entry into bulk chrome and manganese ore trading as an additional profit driver.
Higher volume should improve route coverage, vendor leverage, and commercial resilience.
Long-distance lines generally offer better economics than short East Asia routes.
Bulk ore trading is intended to create an additional revenue and profit stream.
Geography
Q1/2026The company is incorporated in the United States, but its operating business is conducted through Roshing in Hong Kong. Management describes core logistics relationships and regional network strength in Japan, South Korea, and Vietnam, which are important trade lanes for its shipping activity. Because the business depends on international trade and overseas vendors, its performance is tied to cross-border conditions in Asia and broader global shipping markets.
Share of the revenue the company reports by geography.
Risks
The business is exposed to customer concentration, carrier and supplier dependence, and intense price competition in logistics. Because most operations are outside the United States, geopolitical, trade-policy, and Hong Kong-specific conditions can affect demand, shipping capacity, and operating continuity.
- Customer concentrationImpact: HighLikelihood: High
A small number of customers accounted for most revenue, making results sensitive to client loss or order cuts.
Exposure: Two customers accounted for 68.9% of revenue in FY2025.
- Geopolitical and trade disruptionImpact: HighLikelihood: High
Freight demand depends on international trade volumes and trade policy conditions.
Exposure - Supplier and carrier dependenceImpact: HighLikelihood: Medium
The company relies on shipping suppliers, cargo owners, and hardware suppliers to fulfill services.
Exposure: Reduced carrier capacity or vendor instability can interrupt service delivery.
- Competitive pricing pressureImpact: MediumLikelihood: Medium
Customers solicit bids and compare providers on price, service quality, and terms.
Exposure: Price competition can compress margins and reduce market share.
- Hong Kong consulting demand riskImpact: MediumLikelihood: Medium
Visa and business consulting demand depends on Hong Kong policy and business formation activity.
Exposure: Policy changes could reduce the addressable client base.
Accounting
Judgemental itemsLogistics, hardware resale, and consulting services may recognize revenue at different points in time.
Impact: Affects reported revenue timing and quarterly comparability
Cargo space and ancillary logistics fees are a major cost component and can move with market conditions.
Impact: Directly affects gross profit and margin volatility
The business relies on a small customer base and may carry receivables or advances tied to service timing.
Impact: Affects working capital and collectability assessment
Bulk ore trading would introduce inventory measurement and possible fair value or lower-of-cost issues.
Impact: Could materially change balance sheet and earnings volatility
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Last updated: 24/09/2026