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NS United Kaiun Kaisha, Ltd.

NS United Kaiun Kaisha, Ltd.

9110.T
NS United Kaiun Kaisha, Ltd.JP flagTokyo Stock Exchange
6,650.00
JPY
-170.00
- -
156.71BMarket Cap
NS United Kaiun Kaisha, Ltd.
9110.T
(Tokyo Stock Exchange)

Recent

price

6,650.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
6,479.1
5,854.19
5,695.34
6,661.5
6,833.25
5,853.43
5,315.46
5,897.89
6,410.12
6,297.63
5,875
8,314.39
10,643.43
9,891.13
10,498.73
9,750.83
5,123.81
Revenue per Share
164.85
-39.62
-672.15
467.23
373.95
175.41
140.95
280.6
396.44
252.35
260.16
1,000.66
1,171.3
763.2
790.18
1,022.47
296.91
Basic EPS, GAAP
-860.12
-1,058.44
-702.62
-2,025.7
183.68
-205.63
-447.51
-334.06
57.5
-1,643.12
-792.52
1,159.15
1,560.58
751.19
692.16
1,267.74
- -
Free Cash Flow per Basic Share
16.76
30.3
- -
0.04
89.87
88.39
39.97
40.1
134.93
109.9
65.01
144.87
359.67
274.46
264.79
230.21
- -
Dividend per Share
2,870.83
2,373.34
1,701.2
2,168.45
2,446.18
2,495.05
2,581.35
2,822.03
3,084.55
3,226.91
3,422.08
4,278.41
5,089.75
5,577.82
6,103.28
6,895.69
5,816.43
Book Value per Share
3,412.04
2,832.38
2,269.48
2,804.36
3,305.41
3,097.61
3,132.99
3,313.76
3,668
3,757.96
3,996.58
4,934.13
5,762.37
6,289.97
6,839.48
7,869.19
6,507.22
Tangible Book Value per Share
20
23
23
23
23
23
24
24
24
24
24
24
24
24
24
24
24
Basic Weighted Avg Shares
127,184
135,044
131,379
153,665
157,625
137,148
125,276
139,000
151,068
148,415
138,454
195,941
250,825
233,100
247,408
229,784
120,746
Sales/Revenue/Turnover
5.81
1.2
0.89
5.75
6.01
4.72
5.23
5.3
5.9
4.74
4.87
13.63
12.95
9.27
8.17
8.93
7.79
Operating Margin (%)
9,059
10,622
11,483
12,770
14,502
14,260
15,137
15,562
14,631
15,046
17,875
17,668
17,828
18,115
18,094
16,215
- -
Depreciation Expense
3,236
-914
-15,505
10,778
8,626
4,110
3,322
6,613
9,343
5,947
6,131
23,582
27,603
17,986
18,621
24,095
6,997
Net Income, GAAP
27.22
- -
- -
6.46
15.83
5.99
12.95
- -
11.05
17.38
16.6
18.87
16
20.05
14.35
14.2
18.62
Effective Tax Rate (%)
2.54
-0.68
-11.8
7.01
5.47
3
2.65
4.76
6.18
4.01
4.43
12.04
11
7.72
7.53
10.49
5.79
Profit Margin (%)
9,814
10,124
10,637
23,108
27,902
719
18,445
13,065
25,121
-2,146
11,178
32,406
44,687
54,500
71,352
85,035
56,985
Working Capital
61,993
80,250
85,103
117,938
108,154
87,703
116,398
100,712
97,337
99,410
118,868
103,991
81,102
75,817
70,737
48,014
71,554
LT Debt
67,364
65,581
52,632
64,943
76,482
75,371
76,826
80,691
89,038
91,109
96,402
118,189
137,406
149,584
162,738
187,199
154,665
Total Equity
4.54
- -
- -
4.66
3.91
3.01
2.78
- -
3.85
2.69
2.36
8.79
11.16
7.04
6.96
7.03
3.1
Return on Invested Capital (%)
3.42
- -
- -
7.19
5.2
3.14
2.53
- -
5.71
3.59
3.3
10.85
12.85
8.57
8.77
11.1
3.4
Return on Capital (%)
6.02
-1.65
-32.99
24.15
16.21
7.15
5.57
10.39
13.42
8
7.83
25.99
25.01
14.31
13.53
15.73
5.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
21,278
- -
18,317
LT Borrowings
75,817
- -
71,554
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
- -
24
Market Capitalization
108,639
119,242
106,281

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
106,930
- -
104,085
Cash, Cash Equivalents & STI
47,069
- -
48,420
Accounts Receivable, Net
35,648
- -
31,153
Inventories
13,929
- -
14,381
Total Current Liabilities
52,430
- -
47,100
Payables & Accruals
- -
- -
- -
ST Debt
21,278
- -
18,317
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.7%
14.31%
15.03%
Free Cash Flow
-322.14%
-37.64%
83.16%
Net Income, GAAP
38.77%
59.96%
29.4%
Sales/Revenue/Turnover
6.4%
12.3%
-7.12%
Total Cash Common Dividend
35.38%
46.17%
-13.06%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
55,404
56,950
60,166
60,580
233,100
2025
- -
- -
- -
- -
247,408
2026
- -
- -
- -
- -
229,784

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
264.53
- -
- -
- -
763.2
2025
- -
- -
- -
- -
790.18
2026
- -
- -
- -
- -
1,022.47

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
274.46
2025
- -
- -
- -
- -
264.79
2026
- -
- -
- -
- -
230.21
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Business
NS United Kaiun Kaisha, Ltd. engages primarily in international and domestic marine transportation services, operating through two main segments: the international shipping business, which provides transportation of iron ore, coking coal, steel products, nonferrous metal ores by bulk carriers including Valemax very large ore carriers, LPG and petroleum products by tankers, energy resources transport, vessel leasing, and tramp chartering services; and the coastal shipping business, which handles transportation of steel products, limestone, cement by bulk carriers in domestic waters, LPG, LNG and other petroleum products by tankers, and vessel leasing. The company, founded on April 1, 1950 and headquartered at Otemachi Place East Tower 5F, 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo 100-8108, Japan, manages a group fleet of 140 ocean-going vessels totaling 14,143 thousand deadweight tons and 80 coastal vessels totaling 256 thousand deadweight tons as of October 1, 2025, with consolidated employees numbering 656. It maintains offices in the United Kingdom, United States, Hong Kong, Singapore, Philippines, Thailand, Shanghai, and Vietnam, and includes key subsidiaries such as NS United Naiko Kaiun Kaisha, Ltd., NS United Coastal Tanker Kaisha, Ltd., NS United Marine Service Corporation, NS United Business Co., Ltd., and NS United Systems Co., Ltd., while listing on the Tokyo Stock Exchange Prime Market under ticker 9110.T. Recent developments include the head office relocation announced on September 16, 2025; issuance of the NS UNITED REPORT 2025 on October 6, 2025; reorganization of departments and changes in directors' roles on July 31, 2025; plans to retrofit a shaft generator to the NSU TUBARAO and conduct condition surveys on all owned vessels in early 2025; installation of rotor sails on a Valemax VLOC announced October 17, 2024; execution of a memorandum of understanding for construction of a Cape-size bulk carrier powered by dual methanol fuel on May 14, 2024; and a memorandum for joint development of ammonia-fueled bulk carriers among six parties on April 11, 2024.