NS United Kaiun Kaisha, Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 2017
October 30, 2016
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NS United Kaiun Kaisha, Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported revenues of JPY 59,769 million compared to JPY 72,366 million a year ago. Operating income was JPY 2,359 million compared to JPY 3,837 million a year ago. Ordinary loss was JPY 75 million compared to income of JPY 3,099 million a year ago. Net loss was JPY 65 million or JPY 0.28 per share compared to income of JPY 2,593 million or JPY 11.13 per share a year ago.
For the fiscal year ending March 31, 2017, on consolidated basis, the company expects revenues of JPY 123,000 million, operating income of JPY 4,900 million, ordinary income of JPY 2,100 million and net income of JPY 2,900 million or JPY 12.3 per share.
NS UNITED KAIUN KAISHA, LTD. is a Japan-based company mainly engaged in the marine business. The Company operates through two business segments. The International Marine Transportation segment is engaged in the transportation of iron ore, coal, steel products and nonferrous ore by bulk carriers, the transportation of crude oil and liquefied petroleum gas (LPG) by tanker, as well as the leasing of ships. The Domestic Marine Transportation segment is engaged in transportation of iron product, limestone, and cement by bulk carriers in domestic waters, the transportation of LPG and liquefied natural gas (LNG) by tankers, as well as the lending of vessels. The other business provides land transportation and information service.
NS United Kaiun Kaisha, Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 2017