Marine Transportation · Fiscal year end Mar 31

NS UNITED KAIUN KAISHA, LTD.

9110

ＮＳユナイテッド海運株式会社

FIGI BBG000BN76W09110.T9110 JPCorp. no. 3010001095003

Latest half-year results

First half · fiscal year to 2026-03 · filed 2025-11-12

For the first half of the fiscal year to 2026-03: Revenue ¥111.5 billion (-13.4% YoY), Ordinary income ¥8.5 billion (-16.1% YoY), Net income ¥11 billion (+20.7% YoY).

	This period	Year on year
Revenue	¥111.5bn	-13.4%
Ordinary profit	¥8.5bn	-16.1%
Net profit to owners	¥11.0bn	+20.7%

From the securities report on EDINET, which states no forecast. History via /v1/companies/9110/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-03-31

Revenue: ¥229.8bn
Net income: ¥24.1bn
ROE: 13.8%
Equity ratio: 63.2%
Dividend / share: ¥310
Employees: 669

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥229.8bn	¥24.1bn	¥296.4bn	¥187.2bn	13.8%	¥1,022.46	¥35.4bn
2025-03-31	¥247.4bn	¥18.6bn	¥287.9bn	¥162.7bn	11.9%	¥790.18	¥34.9bn
2024-03-31	¥233.1bn	¥18.0bn	¥286.3bn	¥149.6bn	12.5%	¥763.2	¥31.0bn
2023-03-31	¥250.8bn	¥27.6bn	¥275.8bn	¥137.4bn	21.6%	¥1,171.29	¥42.9bn
2022-03-31	¥195.9bn	¥23.6bn	¥274.9bn	¥118.2bn	22.0%	¥1,000.67	¥32.9bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	13.8	74.8
Ordinary margin	0.0916	63.7
Equity ratio, %	63.2	63.4
Revenue growth	-0.0712	9.1
Net income growth	0.294	64.4
Operating cash flow / assets	0.1195	81.4

Policy-uncertainty measure2.92 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Trade & tariffs 5 Monetary 4 Regulation 1 Politics & geopolitics 5

Ownership activity 3 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change −1.70pt in 90 days; 1.2% held by other listed companies.

Results wording balance: +0.64. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥63.6bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥318m, 0.9% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/9110/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Internal control, 2026-06-23: see filing 上記の評価の結果、当事業年度末日時点において、当社の財務報告に係る内部統制は有効であると判断しました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Overseas Shipping, Coastal Shipping, Other. /v1/companies/9110/segments

Latest voting result: 2026-06-25 · 剰余金処分の件 · passed. /v1/companies/9110/voting

Ownership changes

All companies →

2026-08-12

Below 5%−1.70pt

Zennor Asset Management LLP cut holdings in NS UNITED KAIUN KAISHA, LTD. (9110) to 3.35% from 5.05%, below the 5% threshold.

S100YW5WFiler profile Original filing (PDF, Japanese)
2026-08-07

Stated it may make proposals+32.81pt

Nippon Yusen Kabushiki Kaisha states it may make proposals to the management of NS UNITED KAIUN KAISHA, LTD. (9110) (first filing on record).

S100YSG6Filer profile Original filing (PDF, Japanese)
2026-08-07

Increase+32.81pt

Nippon Yusen Kabushiki Kaisha raised holdings in NS UNITED KAIUN KAISHA, LTD. (9110) to 51.03% from 18.22%.

S100YSG6Filer profile Original filing (PDF, Japanese)
2026-08-07

Threshold

Holdings of Nippon Yusen Kabushiki Kaisha in NS UNITED KAIUN KAISHA, LTD. (9110) moved above 20% (18.22% -> 51.03%).

S100YSG6Filer profile Original filing (PDF, Japanese)
2026-08-07

Threshold

Holdings of Nippon Yusen Kabushiki Kaisha in NS UNITED KAIUN KAISHA, LTD. (9110) moved above 33.4% (18.22% -> 51.03%).

S100YSG6Filer profile Original filing (PDF, Japanese)
2026-08-07

Threshold

Holdings of Nippon Yusen Kabushiki Kaisha in NS UNITED KAIUN KAISHA, LTD. (9110) moved above 50% (18.22% -> 51.03%).

S100YSG6Filer profile Original filing (PDF, Japanese)
2026-08-07

Purpose change−8.48pt

Nippon Yusen Kabushiki Kaisha changed its stated purpose for holding NS UNITED KAIUN KAISHA, LTD. (9110): collateral, may_make_proposals -> control.

S100YTMBFiler profile Original filing (PDF, Japanese)
2026-08-07

Decrease−8.48pt

Nippon Yusen Kabushiki Kaisha reduced holdings in NS UNITED KAIUN KAISHA, LTD. (9110) to 18.22% from 26.70%.

S100YTMBFiler profile Original filing (PDF, Japanese)
2026-08-07

Threshold

Holdings of Nippon Yusen Kabushiki Kaisha in NS UNITED KAIUN KAISHA, LTD. (9110) moved below 20% (26.70% -> 18.22%).

S100YTMBFiler profile Original filing (PDF, Japanese)
2026-08-07

Stated it may make proposals+18.04pt

NIPPON STEEL CORPORATION states it may make proposals to the management of NS UNITED KAIUN KAISHA, LTD. (9110) (first filing on record).

S100YUD2Filer profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
ゼナーアセットマネジメントエルエルピー	2026-06-05 – 2026-08-04	-406,900	−1.69pt	¥9,761.34	¥6,647–10,453
Zennor Asset Management LLP	2025-11-14 – 2026-01-13	+49,600	+0.21pt	¥6,258.2	¥5,688–6,857
内海曳船株式会社	2017-10-01 – 2017-10-01	-383,841	−1.60pt	—	—
日本郵船株式会社	2017-10-01 – 2017-10-01	-38,922,525	−162.38pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/9110/trades.

5% filings

Large shareholding reports on 9110

Filed	Filer	Stake	Change	Stated purpose
2026-08-12	Zennor Asset Management LLP	3.35%	−1.70pt	—
2026-08-07	Nippon Yusen Kabushiki Kaisha	51.03%	+32.81pt	collateral may make proposals
2026-08-07	Nippon Yusen Kabushiki Kaisha	18.22%	−8.48pt	control
2026-08-07	NIPPON STEEL CORPORATION	50.84%	+18.04pt	collateral may make proposals strategic holding
2026-08-07	NAIKAI TUG BOAT SERVICE CO., LTD.	26.92%	+0.22pt	—
2026-01-20	Zennor Asset Management LLP	5.05%	—	may make proposals
2025-05-22	Goldman Sachs Japan Co.,Ltd.	3.75%	−1.25pt	—
2024-10-07	Goldman Sachs Japan Co.,Ltd.	5.00%	—	—
2024-04-22	Goldman Sachs Japan Co.,Ltd.	4.16%	−1.02pt	—
2024-03-25	Goldman Sachs Japan Co.,Ltd.	5.18%	—	—

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 4 issues
Book value: ¥2.0bn
Sold in the year: — — issues
Bought in the year: — — issues
Mutual, both reports: 1
Held by listed cos.: 6

Holds	Book value	Shares vs. prior year	Mutual
Idemitsu Kosan Co.,Ltd. 5019	¥879m	0.0%	no
Nittetsu Mining CO.,Ltd. 1515	¥496m	+400.0%	both reports
Mizuho Financial Group, Inc. 8411	¥396m	0.0%	no
Pacific Metals Co., Ltd. 5541	¥188m	0.0%	no

Held by: Nittetsu Mining CO.,Ltd. 1515, Namura Shipbuilding Co.,Ltd. 7014, Naikai Zosen Corporation 7018, THE HANSHIN DIESEL WORKS, LTD 6018, Akasaka Diesels Ltd. 6022, ISEWAN TERMINAL SERVICE CO.,LTD. 9359

Purposes, all holdings and mutual flags via /v1/companies/9110/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
日本製鉄株式会社	7,861,000	33.36%
日本郵船株式会社	4,324,000	18.35%
日本マスタートラスト信託銀行株式会社（信託口）	1,871,000	7.94%
CEPLUX- THE INDEPENDENT UCITS PLATFORM 2	785,000	3.33%
individual holder	518,000	2.20%
新健海運股分有限公司	504,000	2.14%
株式会社日本カストディ銀行（信託口）	467,000	1.98%
BNYMSANV RE BNYMIL RE WS ZENNOR JAPAN EQUITY INCOME FUND	403,000	1.71%
株式会社みずほ銀行	400,000	1.70%
STATE STREET BANK AND TRUST COMPANY 505223	386,000	1.64%

U.S. funds holding 9110

SEC Form N-PORT, reports to 2026-07-31

61 U.S. funds held 2,327,706 shares worth $112.2m.

Fund	Shares	Value	% of fund	As of
Goldman Sachs International Small Cap Insights Fund Goldman Sachs Trust	651,900	$32.7m	0.458%	2026-07-31
Avantis International Small Cap Value ETF American Century ETF Trust	331,000	$16.2m	0.082%	2026-05-31
DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC	224,700	$11.3m	0.079%	2026-07-31
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	152,003	$7.6m	0.001%	2026-07-31
Dimensional International Small Cap Value ETF Dimensional ETF Trust	94,700	$4.8m	0.097%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/9110
GET /v1/companies/9110/financials
GET /v1/companies/9110/details
GET /v1/companies/9110/segments
GET /v1/companies/9110/voting
GET /v1/companies/9110/tender-offers
GET /v1/companies/9110/indicators
GET /v1/companies/9110/earnings-releases
GET /v1/events?ticker=9110
GET /v1/companies/9110/trades         
GET /v1/companies/9110/cross-holdings 
GET /v1/companies/9110/brief

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