For Q3 of the fiscal year ending March 2026, net sales were JPY 171,264 million (down 9.6% YoY), operating income was JPY 15,073 million (down 10.6% YoY), and net income attributable to owners of the parent for the quarter was JPY 18,153 million (up 24.5% 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9110","jir_company_name":"NS United Kaiun Kaisha, Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-30","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/9110-20260130-01.pdf","jir_short_summary":"For Q3 of the fiscal year ending March 2026, net sales were JPY 171,264 million (down 9.6% YoY), operating income was JPY 15,073 million (down 10.6% YoY), and net income attributable to owners of the parent for the quarter was JPY 18,153 million (up 24.5% YoY).","jir_summary":"### Overview of Performance\nThe consolidated performance for Q3 of the fiscal year ending March 2026 recorded net sales of JPY 171,264 million (down 9.6% YoY), operating income of JPY 15,073 million (down 10.6% YoY), and ordinary income of JPY 14,656 million (down 13.4% YoY). The appreciation of the yen and lower fuel oil prices caused a decline in ordinary income; however, a gain on the sale of aging vessels was recorded as an extraordinary income, resulting in net income attributable to owners of the parent for the quarter of JPY 18,153 million (up 24.5% YoY). In the ocean shipping business, firm market conditions were observed for certain dry bulk vessel types, and the coastal shipping business saw increases in volume, leading to higher revenue and profit.\n\n### Financial Condition and Revisions to Earnings Forecast\nAt the end of Q3, total assets amounted to JPY 296,098 million, net assets were JPY 179,417 million, and the equity ratio rose to 60.6%. Liabilities are trending downward. The consolidated full-year earnings forecast for the fiscal year ending March 2026 was revised upward to net sales of JPY 224,000 million (up 5.7% from previous forecast), operating income of JPY 18,900 million (up 2.2%), ordinary income of JPY 17,100 million (up 3.6%), and net income attributable to owners of parent of JPY 20,800 million (up 10.1%). The dividend forecast was also increased, raising the year-end dividend by JPY 20 to an annual dividend of JPY 265.","jir_financial_highlights":"Net Sales: JPY 171,264 million (Down 9.6% YoY)\nOperating Income: JPY 15,073 million (Down 10.6% YoY)\nOrdinary Income: JPY 14,656 million (Down 13.4% YoY)\nNet Income Attributable to Owners of Parent for the Quarter: JPY 18,153 million (Up 24.5% YoY)\nTotal Assets: JPY 296,098 million (Increased from the previous consolidated fiscal year-end)\nNet Assets: JPY 179,417 million (Increased from the previous consolidated fiscal year-end)\nEquity Ratio: 60.6% (Increased from 56.5% at the previous consolidated fiscal year-end)\nAnnual Dividend (Forecast): JPY 265 (Raised from previous forecast)","jir_category":"","jir_hashtags":"#NSUnitedKaiun, #FinancialSummary, #JapaneseStocks","jir_key_figures":"Net Sales: JPY 171,264 million (Down 9.6% YoY)\nNet Income Attributable to Owners of Parent for the Quarter: JPY 18,153 million (Up 24.5% YoY)\nFull-Year Earnings Forecast Net Sales for Fiscal Year Ending March 2026: JPY 224,000 million (Up 5.7% from previous forecast)","jir_meta_title":"NS United Kaiun Q3 Financial Results for Fiscal Year Ending March 2026: Net Sales of JPY 171,264 Million, Down 9.6%","jir_meta_description":"Financial summary for NS United Kaiun Kaisha, Ltd. for Q3 of the fiscal year ending March 2026. Net sales were JPY 171,264 million (down 9.6% YoY), net income attributable to owners of parent for the quarter was JPY 18,153 million (up 24.5% YoY), and the full-year earnings forecast was revised upward.","jir_og_title":"NS United Kaiun Announces Q3 Financial Summary for Fiscal Year Ending March 2026","jir_og_description":"Despite a 9.6% YoY decline in net sales, net income increased by 24.5%. 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