Risk Sleuth
DJCO · 10-K filed 29 Dec 2025 · year to 30 Sep 2025

Daily Journal

15 named things its latest annual report says its results depend on, each in the company's own words. 7 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Government agencies (courts and justice agencies)

earns from · approximately 80% and 76% of the Company’s total revenuesnamed as a risk
Almost all of the customers of Journal Technologies are courts, justice agencies, and other government entities.Risk factors (Item 1A)

Also named by ARW, FICO, MCHP, P, VTOL, ZS

Foreign customers (Journal Technologies)

earns from · approximately $11.9 million in fiscal year 2025named as a risk
The Company’s revenues from Journal Technologies’ foreign customers were approximately $11.9 million in fiscal year 2025 and $6.2 million in fiscal year 2024.Business (Item 1)

Also named by AIR, HEI, TDG

Law firms

earns fromnamed as a risk
The main source of commercial advertising revenue has been law firms and businesses wishing to reach the legal professional community.Business (Item 1)

Suppliers

U.S. Postal Service

depends onnamed as a risk
The Traditional Business uses the U.S. Postal Service for distribution of a majority of its newspapers and products.Risk factors (Item 1A)

Also named by BR, CI, FDX, HIMS, PBI, PPLI, UPS

Partners and platforms

AWS GovCloud

depends on
In addition, Journal Technologies also provides hosting services through AWS GovCloud for customers who choose to have it.Business (Item 1)

Other companies

Marketable securities portfolio (six companies)

concentrated in · approximately $493.0 millionnamed as a risk
As of September 30, 2025, the Company’s holdings of marketable securities were concentrated in just six companies.Risk factors (Item 1A)

Margin loan (Federal Funds Rate)

exposed to its price · $22.0 million
The Company’s investment margin account has an interest rate that fluctuates based on the Federal Funds Rate plus 50 basis points with interest only payable monthly.Business (Item 1)

Los Angeles Daily Journal

earns from · approximately 3,636 paid subscribers
The Los Angeles Daily Journal is the largest newspaper published by the Company, both in terms of revenues and circulation.Business (Item 1)

Places

Australia

operates in · four software installation projects
The Company also has a presence in Australia where Journal Technologies is working on four software installation projects and in British Columbia, Canada, where the Company has operated a wholly-owned subsidiary, Journal Technologies (Canada), Inc. since August 2022.Business (Item 1)

Also named by AJG, ARWR, AXP, BF/B, BTU, CL, CSGP, CVX and 15 more

Arizona

operates innamed as a risk
From time to time, the legislatures in California and Arizona (and elsewhere) have considered and/or implemented various proposals that would result in the elimination or reduction of the amount of public notice advertising in printed newspapers required by statute.Risk factors (Item 1A)

Also named by ABR, AMKR, AXON, BBSI, BRK/B, ELS, ENSG, GDDY and 5 more

California

operates in
Essentially all of the Company’s U.S. operations are based in California and Utah.Business (Item 1)

Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more

Commodities and inputs

Newsprint

exposed to its pricenamed as a risk
Recently, there have been consolidations of newsprint suppliers, and paper prices may fluctuate substantially in the future or otherwise be affected by tariffs and/or changes to trade agreements.Risk factors (Item 1A)

Also named by NYT

Laws and programs

California AB542

subject to · approximately $14,000named as a risk
In September 2023, the California legislature passed a bill (AB542) effective January 1, 2024 that set in motion a decline in legal advertising revenue of approximately $14,000 during fiscal year 2024 by reducing the number of required publication days in a newspaper for self-service storage facility lien sales.Risk factors (Item 1A)

California public notice advertising statutes

subject tonamed as a risk
To the extent more of these proposals are adopted, particularly in California and Arizona, they could materially adversely affect the revenues of the Traditional Business.Risk factors (Item 1A)

California AB721

subject tonamed as a risk
Effective January 1, 2027, these notices are to be moved to posting on the school district’s website in lieu of being published in a newspaper.Risk factors (Item 1A)