NS United Kaiun Kaisha,Ltd. (JP:9110)
:9110
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NS United Kaiun Kaisha,Ltd.
(9110)
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Rating:79Outperform
Price Target:
¥8,988.00
▲(72.18% Upside)
Action:ReiteratedDate:05/02/26
The score is driven primarily by improved financial strength from major deleveraging and an attractive valuation (low P/E and strong dividend yield). Technicals are supportive with price above key averages, but mixed momentum (negative MACD) and the business’s cyclical earnings/cash flow variability temper the upside.
Positive Factors
Deleveraged balance sheet
A materially lower debt-to-equity (~0.08x) materially reduces refinancing and solvency risk across shipping cycles. This durable capital structure increases financial flexibility for capex, vessel renewals, dividends or opportunistic M&A and improves survival odds in downturns.
Negative Factors
Declining revenue trend
Repeated revenue declines point to structural top-line pressure or weaker demand in key cargo lanes. Sustained revenue contraction reduces scale economies, pressures unit margins and limits the company's ability to steadily grow earnings and cover fixed vessel costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraged balance sheet
A materially lower debt-to-equity (~0.08x) materially reduces refinancing and solvency risk across shipping cycles. This durable capital structure increases financial flexibility for capex, vessel renewals, dividends or opportunistic M&A and improves survival odds in downturns.
Read all positive factors
NS United Kaiun Kaisha,Ltd. (9110) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥184.99B
Dividend Yield3.75%
Average Volume (3M)56.35K
Price to Earnings (P/E)7.2
Beta (1Y)0.82
Revenue Growth-7.12%
EPS Growth29.40%
CountryJP
Employees649
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)801.08
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. (9110) is a prominent Japanese shipping company specializing in the transportation of bulk cargoes, including iron ore, coal, and grain. Established in 1950, the company operates a fleet of various types of vessels, in...
How the Company Makes Money
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NS United Kaiun Kaisha,Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
86
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 239.90B | 229.78B | 247.41B | 233.10B | 250.82B | 195.94B |
| Gross Profit | 26.02B | 28.99B | 27.75B | 28.80B | 39.16B | 32.38B |
| EBITDA | 35.78B | 20.53B | 38.32B | 39.72B | 50.31B | 44.38B |
| Net Income | 18.88B | 24.09B | 18.62B | 17.99B | 27.60B | 23.58B |
Balance Sheet | ||||||
| Total Assets | 284.22B | 296.36B | 287.95B | 286.34B | 275.78B | 274.87B |
| Cash, Cash Equivalents and Short-Term Investments | 64.40B | 65.63B | 55.78B | 47.07B | 40.31B | 31.27B |
| Total Debt | 82.06B | 63.60B | 85.32B | 97.09B | 100.79B | 123.69B |
| Total Liabilities | 119.64B | 109.16B | 125.21B | 136.76B | 138.38B | 156.68B |
| Stockholders Equity | 164.58B | 187.20B | 162.74B | 149.58B | 137.41B | 118.19B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 29.88B | 16.31B | 17.70B | 36.78B | 27.32B |
| Operating Cash Flow | 0.00 | 35.42B | 34.85B | 31.02B | 42.93B | 32.88B |
| Investing Cash Flow | 0.00 | 2.00B | -8.25B | -13.06B | -1.96B | 139.00M |
| Financing Cash Flow | 0.00 | -28.19B | -17.81B | -12.07B | -32.39B | -29.91B |
NS United Kaiun Kaisha,Ltd. Technical Analysis
Positive
5220.00
Price Trends
7367.15
Positive
6769.14
Positive
5695.43
Positive
Market Momentum
69.23
Positive
52.37
Neutral
19.57
Positive
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 7485.14, below the 50-day MA of 7367.15, and below the 200-day MA of 5695.43, indicating a bullish trend. The MACD of 69.23 indicates Positive momentum. The RSI at 52.37 is Neutral, neither overbought nor oversold. The STOCH value of 19.57 is Positive, 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥184.99B | 7.23 | 13.08% | 3.75% | -7.12% | 29.40% | |
79 Outperform | ¥1.56T | 10.15 | 11.32% | 5.12% | -3.92% | -58.37% | |
77 Outperform | ¥2.27T | 11.76 | 10.82% | 6.25% | -5.87% | -48.33% | |
76 Outperform | ¥171.93B | 7.21 | ― | 4.08% | -10.56% | -10.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥12.37B | 1,812.20 | ― | 5.77% | 8.37% | -87.14% | |
55 Neutral | ¥2.14T | 17.02 | 10.90% | 5.81% | 2.80% | -47.61% |
* Industrials Sector Average
JP:9110
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NS United Kaiun Kaisha,Ltd. Corporate Events
NS United Kaiun Revamps Board and Executive Lineup Ahead of June Shareholders Meeting
Apr 30, 2026
NS United Kaiun Kaisha, Ltd. announced a slate of new directors and executive officers, to be formally confirmed by its board following the 100th General Meeting of Shareholders scheduled for June 25, 2026. The changes include the continuation of ...
NS United Kaiun Lifts Dividend Forecast on Stronger Earnings Outlook
Apr 30, 2026
NS United Kaiun Kaisha, Ltd. has revised its dividend forecast for the fiscal year ended March 2026, reflecting stronger-than-expected business performance. The company now plans a year-end dividend of ¥205 per share, up from the previously f...
NS United Kaiun Boosts Profit and Dividend Despite Lower Revenue
Apr 30, 2026
NS United Kaiun Kaisha reported fiscal 2026 revenues of ¥229.8 billion, down 7.1% year-on-year, but grew operating profit slightly to ¥20.5 billion and boosted profit attributable to owners by 29.4% to ¥24.1 billion, lifting ROE to ...
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.