NS United Kaiun Kaisha, Ltd. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2012; Omits to Pay Dividend for the Fiscal Year 2012; Provides Earnings Guidance for the Six Months and Full Year of Fiscal 2013
April 26, 2012
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NS United Kaiun Kaisha, Ltd. reported consolidated and non consolidated earnings results for the year ended March 31, 2012. For the period, on consolidated basis, the company's revenues were JPY 135,044 million compared to JPY 127,184 million a year ago. Operating income was JPY 1,627 million compared to JPY 7,394 million a year ago. Ordinary income was JPY 496 million compared to JPY 5,873 million a year ago. Net loss was JPY 914 million or JPY 3.96 per share compared to net income of JPY 3,236 million or JPY 16.48 per share a year ago. Negative return on equity was 1.4% compared to return on equity of 5.8% a year ago. Cash flow from operating activities was JPY 6,089 million compared to JPY 11,512 million a year ago.
For the period, on non consolidated basis, the company's revenues were JPY 110,856 million compared to JPY 102,789 million a year ago. Operating loss was JPY 558 million compared to operating income of JPY 5,649 million a year ago. Ordinary income was JPY 212 million compared to JPY 6,254 million a year ago. Net loss was JPY 1,167 million or JPY 5.06 per share compared to net income of JPY 4,614 million or JPY 23.51 per share a year ago.
The company not declared any dividend for the fiscal year 2012 compared to JPY 3 per share paid in a year ago.
The company provided earnings guidance for the six months and full year of fiscal 2013. For the six months, the company expects revenues of JPY 70,000 million, operating loss of JPY 700 million, ordinary loss of JPY 1,400 million, net loss of JPY 200 million or JPY 0.87 per share.
For the year ending March 31, 2013, the company expects revenues of JPY 143,000 million, operating income of JPY 1,200 million, ordinary income of JPY 500 million, net income of JPY 1,300 million or JPY 5.64 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. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2012; Omits to Pay Dividend for the Fiscal Year 2012; Provides Earnings Guidance for the Six Months and Full Year of Fiscal 2013