How to read this data

Methodology & definitions for every label used on EveryTie.

Where every relationship comes from

We read public companies’ own SEC filings — annual reports (Forms 10-K and 20-F) and current reports (Forms 8-K and 6-K). Automated extraction finds sentences in which a filer names a specific company it does business with. A relationship is published only if it passes our gate: there must be a verbatim sentence, quoted unchanged from the filing, that names the counterparty. That quote is shown on every relationship card, with a link that jumps to the sentence in the original document on sec.gov.

What we do not do: no news scraping, no rumours, no inferred links. If neither company said it in a filing, it is not on the map.

Disclosure-signal badges (gold)

A gold badge appears when the quoted sentence itself contains one of the signal types below. It is a category of what the filer said — not a rating we assigned, and not any official designation. The matching words are highlighted in the quote.

• % of revenue disclosed — the sentence quantifies the relationship as a share of revenue, sales, cost, or accounts receivable (“accounted for 16% of our revenue”).
• Sole / limited source — a sole, single, or limited number of sources, or exclusive / dedicated manufacturing.
• Stated reliance — the filer says it relies or depends primarily, heavily, or substantially on the counterparty (including “substantially all”).
• Largest customer / supplier — the counterparty is named as the largest, principal, or main customer, supplier, or vendor.
• Purchase commitment — minimum-purchase, take-or-pay, or off-take commitments.
• Joint venture / co-development — a joint venture or joint development is stated.
• Controlling ownership — controlling-interest, majority-voting-power, or consolidated-subsidiary wording.
• Major investment — a stated large committed investment (lead investor, billion-scale amounts, private placements).

Three honesty rules: (1) a negation guard blocks false badges (“no customer accounted for more than 10%” is the opposite of concentration); (2) a relationship without a badge is still real and sourced — its sentence names the counterparty without one of these signals; (3) competitor edges never get a badge: SEC rules require companies to list principal competitors, so a competitor mention is a disclosure convention, not a dependency signal.

The four relationship types

• Supplies to (green, arrowed) — one company supplies products or services to the other, as stated in a filing.
• Partners with (blue) — a stated partnership, collaboration, or joint program.
• Competes with (orange, dashed) — the filer names the other as a competitor. Remember the convention caveat above: this signals an industry adjacency the filer chose to disclose, not a dependency.
• Ownership / invests in (purple) — an equity relationship. On the full map this layer is off by default — toggle “Show ownership ties” to see it.

Relationship status

• No badge = active — the filing presents the relationship as operating.
• Announced — stated as planned or upcoming, not yet operating.
• Suspended — halted by an external constraint the filing describes (for example, US export controls), and could in principle resume. Drawn grey and dashed on maps.
• Ended relationships are removed from the map entirely rather than shown.

Ownership & accounting labels

Grey labels on a card translate the filer’s own accounting language; percentages are the owner’s stake as stated in its own filing:

• Consolidated subsidiary — the parent controls the company and includes its results in the parent’s financial statements.
• Equity-method affiliate — typically a 20–50% stake: significant influence, not control.
• Minority stake — an ownership position below significant influence.
• Joint venture — jointly owned and governed with another company.
• Captive / dedicated supplier — a supplier substantially dedicated to one customer, per the filings.

One honesty rule worth knowing: when a parent consolidates a subsidiary, we do not draw a supply line between them on the market map — an intra-group transfer is not a market relationship. The ownership tie is shown instead, in the ownership layer.

Dates on relationship cards

• Filed date — the filing date of the single document behind the quote.
• Last confirmed date · corroborated by N filings — several filings support the relationship; the date is the newest one. The quote shown cites its own filing’s date, which may be older.
• …days ago — counted from the site’s last data build, not from your visit.

The site is rebuilt as new SEC filings are published; a relationship stays until a newer filing supersedes it or shows it ended.

Taiwan exchange announcements (MOPS)

For Taiwan-listed companies that also file with the SEC, we additionally archive the company’s own material announcement (重大訊息) from the Taiwan Stock Exchange’s MOPS disclosure system — the exchange-mandated channel for which the announcing company is legally responsible.

Two honesty rules: (1) a MOPS announcement never creates a relationship — every edge must first pass the English SEC-filing gate above; when the same event was also announced on MOPS, the Chinese-language pages cite the official Chinese sentence verbatim (naming the counterparty) alongside the English quote. (2) MOPS provides no permanent link to a single announcement, so we archive the full announcement text ourselves; the MOPS link on a card opens the exchange’s query page and is best-effort.

Taiwan English annual reports

For Taiwan-listed companies we also read the company’s own English-language annual report filed with the Taiwan Stock Exchange (TWSE). The Financial Supervisory Commission has required one since 2023, phased in to cover every listed company, filed through the same disclosure channel as MOPS announcements — so, like an SEC annual report, it is a legally required filing and counts as a top-tier source, not a courtesy translation. The quote is the company’s own words about its own business.

Two honesty rules: (1) the English report is an English translation of the Chinese original (several companies state the Chinese version prevails), so a quote taken from it is always shown with that label — never passed off as an English-original filing. (2) No permanent per-document link exists, so we archive the report ourselves when we fetch it; that archive is the source of record, every quote is verified character-for-character against it, and only the sourced sentence — never the full report — is shown on the site.

Source registries

The small tag on each quote’s citation line names the official disclosure registry the filing came from. These are the registries we read today — every one is a statutory channel in which the filing company itself is legally responsible for the text:

• EDGAR — the U.S. Securities and Exchange Commission’s filing system. U.S.-listed companies (including foreign private issuers) file their annual, quarterly, and current reports here. Filings are in English; quotes are shown verbatim, with a link that jumps to the sentence on sec.gov.
• EDINET — Japan’s statutory disclosure system, operated by the Financial Services Agency. Listed companies file their annual securities report here in Japanese. The quote stays in the original Japanese — we never translate it; where the company itself publishes an official English translation, we display that translation beneath the original, and the Japanese text prevails.
• TWSE — the Taiwan Stock Exchange’s disclosure channels: material announcements on MOPS (in Chinese) and the English annual report mandated by Taiwan’s Financial Supervisory Commission. The English annual report is the company’s own English translation of its Chinese original and is always labeled as such; MOPS Chinese announcements are quoted verbatim on the Chinese pages only and never create a relationship.
• ESEF — the European Single Electronic Format: the statutory annual financial report EU-listed companies file with their national regulator as xHTML. Where the company files in English, the quote is the English statutory original, not a translation.
• UKSEF — the United Kingdom’s equivalent regime after leaving the EU: mandated by the Financial Conduct Authority and filed to its National Storage Mechanism in the same xHTML format. UK-listed companies file in English; the quote is the statutory original.

Germany (no tag) — German statutory annual reports carry no registry tag: Germany’s official registers offer no stable public link to a filed document, so we archive the company’s own published annual report (Geschäftsbericht), which contains the audited statutory management report the quotes come from. The quote stays in the original German — we never translate it; where the company itself publishes an official English translation, we display that translation beneath the original, and the German text prevails. Our own archived copy is the source of record, and every quote is verified character-for-character against it.

Filed activity (the company’s own filings)

Company pages include a Filed activity timeline of what the company itself filed with its regulator. No interpretation is added: each entry shows the filing date, a type badge from the closed list below, the original subject line verbatim, and a link to the source. Where we archive the announcement text itself, the entry also shows a verbatim excerpt (headline and opening, cut from the archived document by fixed rules) in its original language — never a summary we wrote. A filed-activity entry never creates a relationship on the map — every relationship still requires the verbatim counterparty-naming quote described above.

• Earnings release — a US SEC earnings filing — a Form 8-K current report whose item list includes Item 2.02 (Results of Operations and Financial Condition), or a foreign private issuer’s Form 6-K whose text announces quarterly, interim, or annual financial results (a conservative keyword whitelist; anything ambiguous is excluded).
• Cooperation announcement — a Taiwan Stock Exchange material announcement whose subject the exchange’s rules class as a cooperation or alliance matter; the subject line is shown verbatim in its original language.
• Transaction announcement — a Taiwan Stock Exchange English-language (eMOPS) material announcement about acquiring or disposing of assets, shares, or a merger; the English subject line is shown verbatim.
• Order announcement — a Taiwan Stock Exchange material announcement whose subject the exchange’s rules class as an order or capacity matter; the subject line is shown verbatim. Exchange rules let such announcements keep the counterparty anonymous, so an order announcement never creates a relationship on the map.

Coverage

Today the map holds 623 companies, 1184 business relationships and 60 ownership ties, built from the filings of 70 filing companies (gold nodes on the maps). A company without SEC filings appears when a filer names it — so coverage radiates outward from SEC-filing companies. Filings covered so far: 2023-12-31 – 2026-08-18.

Honest limits

• Extraction is automated (with gates and human curation), and errors are possible — always click through to the linked filing before relying on an edge.
• A missing edge is not evidence of no relationship: companies disclose selectively, and many filings name “a customer” without naming which — an anonymous counterparty cannot honestly be mapped, so we leave it off.
• Nothing here is investment advice. See the full disclaimers.