Today I will talk about NS United Kaiun Kaisha, which mainly deals with marine transportation loads in bulk carriers.
※The above images are from NS United Kaiun Kaisha’s website.
NS United Kaiun Kaisha Shipping operates more than 80% of its international shipping, and engages in the marine
and land transportation business, such as transporting steel raw materials, energy resources, food, products, and so on.
They have a long-term contract for iron ore transportation with Vale S.A., the world's largest iron ore in Brazil, and plan to start
transporting to China with a new ship (NSU CARAJAS), which is one of the world's largest iron ore carriers with a capacity of 400,000 tons.
￥1,989（2/13 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 4.78%
PER 6.01 PBR 0.51 Equity ratio 39.4%
Although the ups and downs in performance are likely to depend on the trends in resource demand of the largest consumer China ,exchange rates, and bunker prices, likely seem to lead to a modest recovery.
（The spread of the recent Coronavirus infections has not been taken into account）
The company has a stable dividend policy, and the dividend payout ratio is about 30%. However, along with Canon, it does not have a high dividend ranking,because the dividend is undecided.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.3 |
125,276 |
6,558 |
3,322 |
140.9 |
40 |
28% |
|
2018.3 |
139,000 |
7,361 |
6,613 |
280.6 |
85 |
30% |
|
2019.3 |
151,068 |
8,911 |
9,343 |
396.4 |
115 |
30% |
|
2020.3 |
151,000 |
8,100 |
7,800 |
331.0 |
95 |
29% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2020 is the predicted value
|
Cash flow statement |
2019.3 |
2018.3 |
|
CF operating activities |
199 |
157 |
|
CF investing activities |
▲50 |
▲65 |
|
CF financing activities |
▲154 |
▲83 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.