NS United Kaiun Kaisha expects lower revenue and profits for FY2025

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日本海事新聞ニュース Japan Maritime Daily May 01, 2025 (Thu)

NS United Kaiun Kaisha expects lower revenue and profits for FY2025

　On April 30, NS United Kaiun Kaisha announced that its full-year ordinary profit for the period end ・・・ next %E3%80%80On+April+30%2C+%3Cb%3ENS+United+Kaiun+Kaisha%3C%2Fb%3E+announced+that+its+full-year+ordinary+profit+for+the+period+ending+March+2026+is+expected+to+be+10+billion+yen%2C+a+decrease+of+9+billion+yen+from+the+period+ending+March+2025.+The+dry+bulk+market+is+unlikely+to+experience+an+oversupply+of+shipping+capacity%2C+especially+for+large+ships%2C+but+the+market+is+expected+to+weaken+compared+to+the+previous+year+due+to+uncertainty+in+the+external+environment%2C+including+U.S.+tariff+policies.+Taking+into+account+the+appreciation+of+the+yen%2C+it+expects+a+decrease+in+revenue+and+profits.+%3Cbr%3E%E3%80%80Sales+are+expected+to+decrease+19%25+to+201+billion+yen%2C+operating+profit+to+decrease+36%25+to+13+billion+yen%2C+and+net+profit+to+decrease+25%25+to+14+billion+yen.+%3Cbr%3E%E3%80%80The+exchange+rate+is+assumed+to+be+140+yen+to+the+dollar.+The+yen+is+expected+to+appreciate+by+12.83+yen+from+152.83+yen+in+the+previous+period.+Fuel+oil+prices+are+expected+to+average+%24483+per+ton+across+all+types%2C+softening+from+the+previous+period%E2%80%99s+%24564.+The+interim+dividend+is+planned+to+be+90+yen+per+share%2C+and+the+final+dividend+has+not+yet+been+decided.+%3Cbr%3E%E3%80%80Market+assumptions+for+each+vessel+type+are+%2417%2C500+per+day+for+Capesize+bulkers%2C+%2410%2C500+for+Panamax%2C+and+%2410%2C000+for+Small+Handy%2C+all+of+which+are+expected+to+be+lower+than+the+market+rates+for+the+period+ending+March+2025.+%3Cbr%3E%E3%80%80The+company+announced+its+results+for+the+period+ending+March+2025+on+the+same+day%2C+with+sales+up+6%25+from+the+previous+period+to+247.4+billion+yen%2C+operating+profit+down+6%25+to+20.2+billion+yen%2C+ordinary+profit+down+14%25+to+19+billion+yen%2C+and+net+profit+up+4%25+to+18.6+billion+yen.+%3Cbr%3E%E3%80%80With+regard+to+operating+profit+by+segment%2C+ocean+shipping+decreased+by+13%25+to+16.3+billion+yen.+In+addition+to+long-term+stable+earnings%2C+cargo+transport+contracts+concluded+for+large+ships+without+specific+contracts+amid+high+market+conditions+in+the+first+half+of+the+year+contributed+to+earnings%2C+but+the+market+for+small+and+medium-sized+ships+has+been+weak%2C+especially+since+the+second+half+of+the+year%2C+and+VLGCs+%28Very+Large+LPG+%EF%BC%9Cliquefied+petroleum+gas%EF%BC%9E+Carrier%29+also+saw+their+earnings+decline+due+to+the+falling+market+conditions.+Operating+profit+decreased+due+to+rising+expenses%2C+including+foreign+currency-denominated+docking+fees+and+repair+costs.+%3Cbr%3E%E3%80%80Domestic+shipping+increased+38%25+to+4+billion+yen.+Demand+for+steel-related+cargo+was+weak+for+the+construction+and+automotive+industries%2C+and+cement-+and+electricity-related+cargo+transportation+also+stagnated%2C+but+biomass-related+cargo+remained+strong.+Profits+increased+by+operating+new+ships+and+capturing+spot+demand.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%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