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NS United Kaiun Kaisha,Ltd.
(9110)
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Rating:77Outperform
Price Target:
¥11,827.00
▲(126.57% Upside)
Action:Reiterated
Date:08/05/26
The score is supported primarily by a significantly de-risked balance sheet and an attractive valuation (low P/E plus a healthy dividend yield). These positives are partially offset by cyclical financial momentum (recent revenue declines and margin compression) and very overextended technical conditions (RSI/Stoch), which raise near-term pullback risk even within a strong uptrend.
Positive Factors
Very Low Leverage / Strong Balance Sheet
A sharply reduced debt-to-equity (~0.08x) materially lowers solvency risk and increases strategic flexibility. Over the next 2–6 months this supports disciplined capital allocation, the ability to withstand shipping-cycle troughs, and optionality for opportunistic reinvestment or M&A.
Negative Factors
Recent Revenue Declines & Margin Compression
Sequential revenue declines and a substantial fall in EBIT margin versus the 2022 peak reflect weakening demand and margin pressure. Over the medium term this reduces earnings visibility and constrains free cash flow during downturns, limiting reinvestment and payout stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage / Strong Balance Sheet
A sharply reduced debt-to-equity (~0.08x) materially lowers solvency risk and increases strategic flexibility. Over the next 2–6 months this supports disciplined capital allocation, the ability to withstand shipping-cycle troughs, and optionality for opportunistic reinvestment or M&A.
Read all positive factors
NS United Kaiun Kaisha,Ltd. (9110) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥189.47B
Dividend Yield3.86%
Average Volume (3M)56.35K
Price to Earnings (P/E)7.8
Beta (1Y)0.76
Revenue Growth1.00%
EPS Growth28.47%
CountryJP
Employees669
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)1022.47
Shares Outstanding23,970,678
10 Day Avg. Volume61,780
30 Day Avg. Volume56,350
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.92
Price to Sales (P/S)0.75
P/FCF Ratio5.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NS United Kaiun Kaisha,Ltd. Business Overview & Revenue Model
Company Description
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 Internation...
How the Company Makes Money
The company primarily makes money by providing ocean freight transportation services and related shipping services. Its core revenue stream is freight income earned from moving cargo on its vessels, typically under shipping contracts that may incl...
NS United Kaiun Kaisha,Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
86
Very Positive
Cash Flow
70
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 229.78B | 247.41B | 233.10B | 250.82B | 195.94B |
| Gross Profit | 28.99B | 27.75B | 28.80B | 39.16B | 32.38B |
| EBITDA | 45.66B | 41.51B | 42.20B | 51.88B | 48.04B |
| Net Income | 24.09B | 18.62B | 17.99B | 27.60B | 23.58B |
Balance Sheet | |||||
| Total Assets | 296.36B | 287.95B | 286.34B | 275.78B | 274.87B |
| Cash, Cash Equivalents and Short-Term Investments | 65.63B | 55.78B | 47.07B | 40.31B | 31.27B |
| Total Debt | 63.60B | 85.32B | 97.09B | 100.79B | 123.69B |
| Total Liabilities | 109.16B | 125.21B | 136.76B | 138.38B | 156.68B |
| Stockholders Equity | 187.20B | 162.74B | 149.58B | 137.41B | 118.19B |
Cash Flow | |||||
| Free Cash Flow | 29.88B | 16.31B | 17.70B | 36.78B | 27.32B |
| Operating Cash Flow | 35.42B | 34.85B | 31.02B | 42.93B | 32.88B |
| Investing Cash Flow | 2.00B | -8.25B | -13.06B | -1.96B | 139.00M |
| Financing Cash Flow | -28.19B | -17.81B | -12.07B | -32.39B | -29.91B |
NS United Kaiun Kaisha,Ltd. Technical Analysis
Positive
5220.00
Price Trends
7300.60
Positive
7406.32
Positive
6791.88
Positive
Market Momentum
682.29
Negative
90.43
Negative
97.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9110, the sentiment is Positive. The current price of 5220 is below the 20-day moving average (MA) of 7670.00, below the 50-day MA of 7300.60, and below the 200-day MA of 6791.88, indicating a bullish trend. The MACD of 682.29 indicates Negative momentum. The RSI at 90.43 is Negative, neither overbought nor oversold. The STOCH value of 97.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9110.
NS United Kaiun Kaisha,Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥189.47B | 7.81 | 13.71% | 3.75% | 1.00% | 28.47% | |
72 Outperform | ¥1.77T | 13.54 | 7.77% | 4.28% | -2.82% | -54.04% | |
68 Neutral | ¥2.14T | 9.51 | 7.98% | 3.42% | 2.80% | -47.61% | |
64 Neutral | ¥2.44T | 12.10 | 7.31% | 5.12% | -6.37% | -52.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | ¥157.12B | 10.21 | ― | 3.91% | -10.27% | -16.20% | |
47 Neutral | ¥10.78B | 25.99 | ― | 5.77% | 2.31% | -91.89% |
* Industrials Sector Average
JP:9110
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NS United Kaiun Kaisha,Ltd. Corporate Events
NS United Kaiun Plans Dual Tender Offers in Move Toward Privatization
Jul 31, 2026
NS United Kaiun Kaisha, Ltd. has approved a share repurchase plan that includes a tender offer for its own shares, structured under Japan’s Companies Act and its Articles of Incorporation. The move is part of a broader transaction involving ...
NS United Kaiun Backs NYK Tender Offer Ahead of Planned Delisting
Jul 31, 2026
NS United Kaiun Kaisha’s board has endorsed a planned tender offer for its common shares by Nippon Yusen Kabushiki Kaisha and is recommending that shareholders tender their holdings once the offer formally begins. The company anticipates tha...
NS United Kaiun Cancels Dividends Ahead of Tender Offer and Planned Delisting
Jul 31, 2026
NS United Kaiun Kaisha, Ltd. has revised its dividend forecasts for the fiscal year ending March 31, 2027, deciding to pay no dividends for both the second quarter and year-end, compared with a previous plan totaling ¥295 per share and a prio...
NS United Kaiun Delivers Strong Q1 but Scraps Dividend for FY2027
Jul 31, 2026
NS United Kaiun Kaisha reported a strong start to the fiscal year, with first-quarter revenues rising 22.8% year on year to ¥67.3 billion and operating profit almost doubling. Ordinary profit jumped 147.4%, while profit attributable to owners...
NS United Kaiun Outlines Ties to Nippon Steel and Nippon Yusen, Affirms Management Independence
Jun 11, 2026
NS United Kaiun Kaisha detailed its shareholder and corporate relationship structure, highlighting Nippon Steel Corporation as its largest shareholder with 33.48% of voting rights and Nippon Yusen Kabushiki Kaisha as the second largest with 18.58%...
NS United Kaiun Signals Openness to Cutting Investment Unit to Boost Liquidity
Jun 11, 2026
NS United Kaiun Kaisha, Ltd., a Japan-listed marine transportation company focused on dry bulk shipping services, has outlined its stance on reducing the minimum investment unit for its shares. The move is framed within the broader context of enha...
NS United Kaiun Kaisha Plans Higher Year-End Dividend, Lifts Full-Year Payout
May 22, 2026
NS United Kaiun Kaisha’s board has approved a proposal to distribute a year-end dividend of ¥205 per share for the fiscal year ended March 2026, matching its latest forecast and bringing total annual dividends to ¥310 per share. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.