NS United Kaiun Kaisha : Revision of Dividend Distribution Forecast
March 25, 2021 at 03:51 am EDT
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Revision of Dividend Distribution Forecast
Listed Company Name:
NS UNITED KAIUN KAISHA, LTD.
Code Number:
9110
Company Representative:
Kazuo Tanimizu, President
Contact for Inquiry:
Kentaro Seki, Group Leader, Project Group
(Phone) 81-3-6895-6411
March 25, 2021
This is to report that we have revised our forecast announced on January 29, 2021 on annual dividend distribution forecast for the fiscal year ending March 2021.
1. Revision of Dividend Distribution Forecast
Annual Dividend
End of 2nd Quarter
Year-end
For Full Year
(Yen)
(Yen)
(Yen)
Previous forecast
(as announced on January 29, 2021)
25.00
55.00
Revised forecast
40.00
70.00
Result of current fiscal year
30.00
Reference: Result of previous fiscal year
(for the year ended March 2020)
45.00
35.00
80.00
2. Reason for Forecast Revision
The company places shareholder returns as a part of the essential managing measures. While securing retained earnings to generate stable corporate growth and respond to changes in operating environment,
our policy is to maintain sustainable dividend payment in accordance with the company's performance. Our aiming dividend payout ratio is 30% of the company's consolidated profit per fiscal year.
Regarding the dividend distributions of the fiscal year ending March 2021, we decided to revise our forecast to 40.00 yen per share as an increase of 15.00 yen from 25.00 yen of the previous forecast, considering the improvement of business earning forecast and the operating environment comprehensively, owing to the current firm shipping market and the depreciation of the yen more than initially expected.
(Note1) Above forecast is based on available information as of the release date of this report.
The actual dividend distribution may be different from this statement, due to various unforeseen factors.
(Note 2) Corporate article of NS United Kaiun Kaisha sets September 30 and March 31 as record dates of dividend distribution.
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Disclaimer
NS United Kaiun Kaisha Ltd. published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 07:50:06 UTC.
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. 
