NS United Kaiun Kaisha,Ltd. (JP:9110)
:9110
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NS United Kaiun Kaisha,Ltd.
(9110)
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Select Model
Rating:76Outperform
Price Target:
¥8,852.00
▲(69.58% Upside)
Action:ReiteratedDate:03/03/26
The score is driven primarily by solid financial performance (strong margins and operating cash flow, despite revenue decline and leverage risk) and supportive technical strength (price above key moving averages with positive momentum). Attractive valuation (low P/E and ~3% yield) further boosts the overall rating.
Positive Factors
Strong operating cash generation
Consistently strong operating cash flow versus reported earnings indicates the business converts shipping revenues into cash efficiently. Over a multi-month horizon this underpins working-capital needs, supports scheduled vessel maintenance, dividend capacity and debt servicing, improving resilience to cyclical rate swings.
Negative Factors
Declining revenue trend
Negative revenue growth indicates shrinking cargo volumes or weaker freight rates, which is structural if sustained. Over a 2–6 month horizon falling topline can compress margins and operating cash flow, limiting funds available for vessel upkeep, charter repositioning and debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating cash generation
Consistently strong operating cash flow versus reported earnings indicates the business converts shipping revenues into cash efficiently. Over a multi-month horizon this underpins working-capital needs, supports scheduled vessel maintenance, dividend capacity and debt servicing, improving resilience to cyclical rate swings.
Read all positive factors
NS United Kaiun Kaisha,Ltd. (9110) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥182.16B
Dividend Yield3.75%
Average Volume (3M)56.35K
Price to Earnings (P/E)5.1
Beta (1Y)0.80
Revenue Growth-7.72%
EPS Growth27.03%
CountryJP
Employees649
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)301.54
Shares Outstanding23,970,678
10 Day Avg. Volume61,780
30 Day Avg. Volume56,350
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)0.58
Price to Sales (P/S)0.38
P/FCF Ratio5.79
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
NS United Kaiun Kaisha generates revenue primarily through the shipping and transportation of bulk commodities. The company's revenue model is largely based on freight charges for the transportation of cargoes, which are negotiated through long-te...
NS United Kaiun Kaisha,Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 239.90B | 247.41B | 233.10B | 250.82B | 195.94B | 138.45B |
| Gross Profit | 26.02B | 27.75B | 28.80B | 39.16B | 32.38B | 12.16B |
| EBITDA | 35.78B | 38.32B | 39.72B | 50.31B | 44.38B | 24.61B |
| Net Income | 18.88B | 18.62B | 17.99B | 27.60B | 23.58B | 6.13B |
Balance Sheet | ||||||
| Total Assets | 284.22B | 287.95B | 286.34B | 275.78B | 274.87B | 270.76B |
| Cash, Cash Equivalents and Short-Term Investments | 64.40B | 55.78B | 47.07B | 40.31B | 31.27B | 27.66B |
| Total Debt | 82.06B | 85.32B | 97.09B | 100.79B | 123.69B | 149.21B |
| Total Liabilities | 119.64B | 125.21B | 136.76B | 138.38B | 156.68B | 174.36B |
| Stockholders Equity | 164.58B | 162.74B | 149.58B | 137.41B | 118.19B | 96.40B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 16.31B | 17.70B | 36.78B | 27.32B | -18.68B |
| Operating Cash Flow | 0.00 | 34.85B | 31.02B | 42.93B | 32.88B | 22.65B |
| Investing Cash Flow | 0.00 | -8.25B | -13.06B | -1.96B | 139.00M | -25.01B |
| Financing Cash Flow | 0.00 | -17.81B | -12.07B | -32.39B | -29.91B | 10.05B |
NS United Kaiun Kaisha,Ltd. Technical Analysis
Positive
5220.00
Price Trends
7247.87
Positive
6623.42
Positive
5564.72
Positive
Market Momentum
118.35
Negative
58.89
Neutral
74.07
Neutral
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 7380.36, below the 50-day MA of 7247.87, and below the 200-day MA of 5564.72, indicating a bullish trend. The MACD of 118.35 indicates Negative momentum. The RSI at 58.89 is Neutral, neither overbought nor oversold. The STOCH value of 74.07 is Neutral, 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 | ¥1.71T | 10.15 | 11.32% | 5.12% | -2.96% | -10.12% | |
79 Outperform | ¥2.49T | 6.29 | 10.90% | 5.81% | 0.36% | -14.86% | |
77 Outperform | ¥2.54T | 11.76 | 10.82% | 6.25% | -3.22% | -13.20% | |
76 Outperform | ¥182.16B | 5.06 | 13.08% | 3.75% | -7.72% | 27.03% | |
76 Outperform | ¥201.98B | 7.21 | ― | 4.08% | -10.66% | -17.73% | |
65 Neutral | ¥13.54B | 1,812.20 | ― | 5.77% | 3.22% | -87.75% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:9110
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NS United Kaiun Kaisha,Ltd. Corporate Events
NS United Kaiun Lifts Earnings and Dividend Forecasts on Strong Dry Bulk Demand
Jan 30, 2026
NS United Kaiun Kaisha has raised its full-year forecast for the fiscal year ending March 2026, citing stronger-than-expected performance in the first nine months on the back of firm iron ore and grain transport demand, robust shipments from Brazi...
NS United Kaiun Lifts Profit and Dividend Outlook Despite Revenue Decline
Jan 30, 2026
NS United Kaiun Kaisha reported consolidated revenue of ¥171.3 billion for the nine months ended December 31, 2025, down 9.6% year-on-year, while operating profit fell 10.6% to ¥15.1 billion and ordinary profit declined 13.4% to ¥14...
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.