NS United Kaiun Kaisha, Ltd. logo

NS United Kaiun Kaisha, Ltd.

9110.T

JPXIndustrialsMarine Shipping

Latest quote

¥10,470

+¥30.00 · +0.29%

Aug 24, 2:35 PM JST

9110.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

NS United Kaiun Kaisha, Ltd., along with its affiliated companies, operates as a comprehensive transport enterprise, owning and managing a diverse fleet of both land and maritime vessels. Its core business is structured around distinct International Shipping and Coastal Shipping divisions. Beyond its direct freight services, the company also functions as a crucial logistics agent, coordinating transportation across land, air, and sea. Specializing in bulk cargo, its offerings include the conveyance of iron ore, coking coal, and various energy commodities, alongside comprehensive tramp chartering solutions. The firm's extensive portfolio also includes the sale, leasing, repair, and maintenance of its vessels, as well as the production, distribution, and servicing of marine equipment. Furthermore, it diversifies its operations through real estate ventures, personnel recruitment, and acting as an authorized agent for property and life insurance, in addition to providing data-processing and business intelligence services. With a formidable international footprint, the company's activities span Japan, numerous Asian countries, Brazil, Europe, the Middle East, North and South America, and Australia. As of March 31, 2020, its impressive fleet consisted of 197 ships. Established in 1950, the company's corporate headquarters are located in Tokyo, Japan.

Industry
Marine Shipping
Sector
Industrials
Headquarters
JP
CEO
Kazuma Yamanaka
Listed since
Jan 1, 2001
Employees
669

Market position

Day range

Current ¥10,470

52-week range

Current ¥10,470

Open
¥10,450
Previous close
¥10,440
Volume
145.3K
1.8× average
Average volume
80.73K
Average daily volume
Market cap
246.73B JPY
Beta
0.64
Market reference 1
50-day average
¥7,946.4
+31.76% above average
200-day average
¥7,225.2
+44.91% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
193.75B JPY
P/E (TTM)
10.17×
P/B (TTM)
1.3×
P/S (TTM)
1.02×
EV / EBITDA
4.24×
Earnings yield
14.03%
Free cash flow yield
17.39%
Dividend yield
2.96%

Profitability & efficiency

Gross margin
13.53%
Operating margin
9.96%
Net margin
10.01%
Return on equity
12.87%
Return on assets
8.13%
Return on invested capital
6.70%

Financial health

Debt / equity
0.34×
Current ratio
2.73×
Altman Z-score
3.57
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%14%10%7%Gross margin, FY2021: 16.52%Gross margin, FY2022: 15.61%Gross margin, FY2023: 12.36%Gross margin, FY2024: 11.22%Gross margin, FY2025: 12.62%Operating margin, FY2021: 13.63%Operating margin, FY2022: 12.95%Operating margin, FY2023: 9.27%Operating margin, FY2024: 8.17%Operating margin, FY2025: 8.93%Net margin, FY2021: 12.04%Net margin, FY2022: 11.00%Net margin, FY2023: 7.72%Net margin, FY2024: 7.53%Net margin, FY2025: 10.49%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 16.52%. Gross margin FY2022 15.61%. Gross margin FY2023 12.36%. Gross margin FY2024 11.22%. Gross margin FY2025 12.62%. Operating margin FY2021 13.63%. Operating margin FY2022 12.95%. Operating margin FY2023 9.27%. Operating margin FY2024 8.17%. Operating margin FY2025 8.93%. Net margin FY2021 12.04%. Net margin FY2022 11.00%. Net margin FY2023 7.72%. Net margin FY2024 7.53%. Net margin FY2025 10.49%.

Income trends

Revenue

229.78B JPY-7.12%

Operating income

20.53B JPY+1.52%

Net income

24.1B JPY+29.40%
Income trends across reported periods274.11B JPY180.97B JPY87.84B JPY−5.3B JPYRevenue, FY2021: 195.94B JPYRevenue, FY2022: 250.83B JPYRevenue, FY2023: 233.1B JPYRevenue, FY2024: 247.41B JPYRevenue, FY2025: 229.78B JPYOperating income, FY2021: 26.71B JPYOperating income, FY2022: 32.49B JPYOperating income, FY2023: 21.6B JPYOperating income, FY2024: 20.22B JPYOperating income, FY2025: 20.53B JPYNet income, FY2021: 23.58B JPYNet income, FY2022: 27.6B JPYNet income, FY2023: 17.99B JPYNet income, FY2024: 18.62B JPYNet income, FY2025: 24.1B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 195.94B JPY. Revenue FY2022 250.83B JPY. Revenue FY2023 233.1B JPY. Revenue FY2024 247.41B JPY. Revenue FY2025 229.78B JPY. Operating income FY2021 26.71B JPY. Operating income FY2022 32.49B JPY. Operating income FY2023 21.6B JPY. Operating income FY2024 20.22B JPY. Operating income FY2025 20.53B JPY. Net income FY2021 23.58B JPY. Net income FY2022 27.6B JPY. Net income FY2023 17.99B JPY. Net income FY2024 18.62B JPY. Net income FY2025 24.1B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue229.78B JPY247.41B JPY233.1B JPY250.83B JPY195.94B JPY
Cost of goods sold200.8B JPY219.66B JPY204.3B JPY211.67B JPY163.56B JPY
Gross profit28.99B JPY27.75B JPY28.8B JPY39.16B JPY32.38B JPY
Research and development10M JPY29M JPY32M JPY10M JPY
Selling, general, and administrative8.46B JPY7.52B JPY7.17B JPY6.64B JPY5.66B JPY
Operating expenses8.46B JPY7.53B JPY7.2B JPY6.67B JPY5.67B JPY
Interest income191M JPY45M JPY12M JPY9M JPY4M JPY
Interest expense1.36B JPY1.68B JPY1.59B JPY1.19B JPY1.3B JPY
Depreciation and amortization16.22B JPY18.09B JPY18.12B JPY17.83B JPY17.67B JPY
Operating income20.53B JPY20.22B JPY21.6B JPY32.49B JPY26.71B JPY
Net income24.1B JPY18.62B JPY17.99B JPY27.6B JPY23.58B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
259.31

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates313.93254.04194.15134.26Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 146.65, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 230.39, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 171.4, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 252.65, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 216.12, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 301.54, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 252.14, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 31, 2026: actual 259.31, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates70.03B64.06B58.1B52.14BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 66.38B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 60.67B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 58.02B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 54.83B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 56.7B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 59.74B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 58.52B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 31, 2026: actual 67.33B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥230

2025 complete year+58.6% since 2021

2026 partial: ¥205

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥145

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥150

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥205

Semi-Annual

Record Mar 31, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Sep 29, 2025

¥105

Semi-Annual

Record Sep 30, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Mar 28, 2025

¥125

Semi-Annual

Record Mar 31, 2025 · Payment Jun 26, 2025

Dividend

Ex-dividend Sep 27, 2024

¥115

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

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