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NS United Kaiun Kaisha, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 27%, Dividend Revised Upward by 35 Yen

Fri Oct 31, 2025 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 October 31st (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 16.1% from the same period last year to 8.48 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 26.9%, from the previous forecast of 13.0 billion yen to 16.5 billion yen (compared to 19.0 billion yen in the previous period), and the declining rate is expected to decrease from 31.6% to 13.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 10.0% from the same period last year to 8.01 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 210 yen to 245 yen (compared to 240 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 78.2% from the same period last year, reaching 5.57 billion yen. The operating profit margin improved from 8.8% in the same period last year to 9.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 112,354 12,194 13,827 10,989 466.3 62.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 128,723 11,706 10,105 9,153 388.4 53.1 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 111,529 9,240 8,483 11,047 468.8 51.4 Oct 31, 2025 J-GAAP
YoY -13.4% -21.1% -16.1% +20.7% +20.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 107,000 8,000 6,900 9,600 407.4 105 Jul 31, 2025 J-GAAP
Apr - Sep, 2025 Results 111,529 9,240 8,483 11,047 468.8 105 Oct 31, 2025 J-GAAP
Revision Rate +4.2% +15.5% +22.9% +15.1% +15.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 207,000 15,100 13,000 16,400 695.9 210 Jul 31, 2025 J-GAAP
Mar, 2026 New 212,000 18,500 16,500 18,900 802.0 245 Oct 31, 2025 J-GAAP
Revision Rate +2.4% +22.5% +26.9% +15.2% +15.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 118,685 8,518 8,910 9,468 401.8 125 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 100,471 9,260 8,017 7,853 333.2 140 Oct 31, 2025 J-GAAP
YoY -15.3% +8.7% -10.0% -17.1% -17.1%

Current Period Guidance

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 Guidance 212,000 18,500 16,500 18,900 802.0 245 Oct 31, 2025 J-GAAP
YoY -14.3% -8.5% -13.2% +1.5% +1.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 66,379 5,858 3,127 3,456 146.7 8.8 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 60,668 5,156 6,828 5,429 230.4 8.5 Jan 31, 2025 J-GAAP
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
YoY -14.6% -5.9% +78.2% +47.4% +47.4%

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