NS United Kaiun Kaisha, Ltd. revised consolidated earnings guidance for the six months ended September 30, 2012. For the period, the company currently expects to report revenues of JPY 66,800 million, operating income of JPY 250 million, ordinary loss of JPY 1,400 million and net loss of JPY 1,400 million or JPY 6.09 per share compared to the previous guidance, which expected to report revenues of JPY 65,000 million, operating loss of JPY 600 million, ordinary loss of JPY 1,700 million and net loss of JPY 1,500 million or JPY 6.50 per share. Reason for forecast revision: - As to the second quarter results, taking the harsh business environment and factors affecting profitability, such as dry bulk shipping market, exchange rates to the U.S. dollar and fuel oil price into count, the company released the previous forecast on July 31, 2012. Although the business environment was harsh as expected, operating income has been deemed to turnaround from the previous forecast due to enterprising marketing activities to customers, efficient operation of vessels and reduction of fuel oil consumption by thorough slow steaming. Ordinary income and net income have been improved, however deemed to be a deficit due to increase valuation losses on both investment securities and currency exchange.

The company has decided to suspend payment of the interim dividend as previously disclosed.