NS United Kaiun Kaisha,Ltd. <9110> surged in afternoon trading. The company announced its consolidated financial results for the fiscal year ending March 2026 at around 2:30 p.m. on the 30th. It also disclosed its earnings forecast for the fiscal year ending March 2027. For the fiscal year ending March 2027, the company plans sales of 230.0 billion yen, up 0.1% year-on-year, operating profit of 23.1 billion yen, up 12.5%, and net profit of 23.1 billion yen, down 4.1%. The results for the fiscal year ending March 2026 exceeded the company's initial plan, leading to a significant increase in the year-end dividend forecast. With double-digit operating profit growth forecast for the current fiscal year and a high dividend yield attracting attention, buying interest appears to have gathered.

For the current fiscal year, the company expects the dry bulk market to remain strong, supported by iron ore from Brazil and bauxite from West Africa. Iron ore shipments from Guinea, which began last autumn, are expected to boost the market due to longer voyage distances. While concerned about rising fuel prices, the company notes that ocean-going dedicated vessel freight rates are almost linked to fuel unit prices, and the impact on medium- to long-term earnings is expected to be limited for free vessels through hedging using futures. The domestic shipping division is expected to see lower profits.

The company raised its year-end dividend forecast by 45 yen from the previous outlook to 205 yen (310 yen for the full year). The annual dividend forecast for the current fiscal year is 295 yen. For the fiscal year ended March 2026, sales decreased 7.1% year-on-year to 229.784 billion yen, operating profit increased 1.5% to 20.529 billion yen, and net profit rose 29.4% to 24.095 billion yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.