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NS United Kaiun Kaisha, Last Fiscal Year's Ordinary Profit Unexpectedly Increases, 4% Increase in The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Thu Apr 30, 2026 2:30 pm JST Earnings

9110 NS United Kaiun Kaisha,Ltd. 【J-GAAP】

Earnings Report

NS United Kaiun Kaisha,Ltd. <9110> [TSE Prime] announced its financial results in the afternoon session on April 30th (14:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 10.7% from the previous period to 21.0 billion yen exceeding the previous forecast of 17.1 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 4.1% to 21.9 billion yen.

At the same time, the company increased the annual dividend for the previous term from 265 yen to 310 yen (compared to 240 yen in the prior term), and has decided to reduce the dividend this fiscal year to 295 yen, a decrease of 15 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit surged 3.1 times that of the same period last year, reaching 6.39 billion yen. The operating profit margin significantly improved from 5.8% in the same period last year to 9.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 233,100 21,601 22,185 17,986 763.2 230 Apr 30, 2024 J-GAAP
Mar, 2025 247,408 20,224 19,015 18,621 790.2 240 Apr 30, 2025 J-GAAP
Mar, 2026 229,784 20,529 21,046 24,095 1,022.5 310 Apr 30, 2026 J-GAAP
YoY -7.1% +1.5% +10.7% +29.4% +29.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 224,000 18,900 17,100 20,800 882.6 265 Jan 30, 2026 J-GAAP
Mar, 2026 Results 229,784 20,529 21,046 24,095 1,022.5 310 Apr 30, 2026 J-GAAP
Revision Rate +2.6% +8.6% +23.1% +15.8% +15.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 111,529 9,240 8,483 11,047 468.8 105 Oct 31, 2025 J-GAAP
Apr - Sep, 2026 Guidance 117,000 12,100 11,900 9,900 420.1 145 Apr 30, 2026 J-GAAP
YoY +4.9% +31.0% +40.3% -10.4% -10.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 247,408 20,224 19,015 18,621 790.2 240 Apr 30, 2025 J-GAAP
Mar, 2026 229,784 20,529 21,046 24,095 1,022.5 310 Apr 30, 2026 J-GAAP
Mar, 2027 Guidance 230,000 23,100 21,900 23,100 980.3 295 Apr 30, 2026 J-GAAP
YoY +0.1% +12.5% +4.1% -4.1% -4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 58,017 3,362 2,082 4,039 171.4 5.8 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 54,833 3,725 2,910 5,954 252.7 6.8 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 56,696 5,515 5,573 5,093 216.1 9.7 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 59,735 5,833 6,173 7,106 301.5 9.8 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 58,520 5,456 6,390 5,942 252.2 9.3 Apr 30, 2026 J-GAAP
YoY +0.9% +62.3% +206.9% +47.1% +47.1%

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