NS United Kaiun KaishaNS UNITED KAIUN KAISHA, LTD.9110東証プライム海運業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed -7.1% from the prior year, operating profit +1.5%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 12.0% | 0.71× | 8.6% | 2.35× | 20.2% |
| 2023 | 11.0% | 0.91× | 10.0% | 2.18× | 21.8% |
| 2024 | 7.7% | 0.83× | 6.4% | 1.98× | 12.7% |
| 2025 | 7.5% | 0.86× | 6.5% | 1.87× | 12.1% |
| 2026 | 10.5% | 0.79× | 8.2% | 1.73× | 14.2% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 195,941 | 250,825 | 233,100 | 247,408 | 229,784 |
| Cost of revenue | 163,346 | 211,460 | 204,078 | 219,422 | 200,796 |
| Gross profit | 32,595 | 39,365 | 29,022 | 27,986 | 28,988 |
| SG&A | — | — | — | — | — |
| Operating income | 26,711 | 32,487 | 21,601 | 20,224 | 20,529 |
| Pretax income | 29,069 | 32,860 | 22,496 | 21,740 | 28,083 |
| Income tax | 5,486 | 5,257 | 4,510 | 3,119 | 3,988 |
| Net income attributable to owners | 23,582 | 27,603 | 17,986 | 18,621 | 24,095 |
| Operating margin | 13.6% | 13.0% | 9.3% | 8.2% | 8.9% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥31.2B | ¥40.3B | ¥47.1B | ¥55.8B | ¥65.6B |
| Total assets | ¥274.9B | ¥275.8B | ¥286.3B | ¥287.9B | ¥296.4B |
| Net assets | ¥118.2B | ¥137.4B | ¥149.6B | ¥162.7B | ¥187.2B |
| Share capital | ¥10.3B | ¥10.3B | ¥10.3B | ¥10.3B | ¥10.3B |
| Inventories | ¥12.1B | ¥13.4B | ¥13.9B | ¥13.8B | ¥17.4B |
| Property, plant and equipment | ¥184.5B | ¥169.7B | ¥166.9B | ¥159B | ¥148.7B |
| Intangible assets excluding goodwill | ¥1.91B | ¥1.61B | ¥1.35B | ¥1.56B | ¥1.76B |
| Investment securities | ¥3.94B | ¥4.42B | ¥5.64B | ¥5.51B | ¥6.47B |
| Current assets | ¥80.6B | ¥94.7B | ¥106.9B | ¥116.2B | ¥134.1B |
| Current liabilities | ¥48.2B | ¥50B | ¥52.4B | ¥44.8B | ¥49.1B |
| Short-term borrowings | ¥15.3B | ¥19.7B | ¥21.3B | ¥14.6B | ¥15.6B |
| Long-term borrowings | ¥104B | ¥81.1B | ¥75.8B | ¥70.7B | ¥48B |
| Total liabilities | ¥156.7B | ¥138.4B | ¥136.8B | ¥125.2B | ¥109.2B |
| Equity attributable to owners of parent | ¥117B | ¥136.1B | ¥147.6B | ¥160B | ¥178.7B |
| Retained earnings | ¥90.5B | ¥109.6B | ¥121.2B | ¥133.5B | ¥152.2B |
| Treasury stock | -¥996M | -¥997M | -¥998M | -¥999M | -¥1B |
EDINET (FSA Japan)
有価証券報告書－第100期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第99期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第98期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書
EDINET (FSA Japan)
有価証券報告書
EDINET (FSA Japan)
有価証券報告書
Extracted from XBRL: 47 / Derived from other figures: 1
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